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Policy Summersaults Threat To Nigeria’s Growth: CRC Boss
Stephen Olufemi Oni, Ilorin
Nigeria’s quest to build a vibrant entrepreneurial economy is under serious threat due to inconsistent government policies, weak infrastructure and fragmented data systems, Managing Director of CRC Credit Bureau Limited, Dr Ahmed Babatunde Popoola, has said.
Popoola raised the alarm while delivering a lecture at the Kwara State University (KWASU), Malete, where he stressed that access to finance alone cannot drive business growth without trust, reliable data and coordinated policy direction.
According to him, Nigeria must urgently strengthen three key pillars—financial services, financial infrastructure and socio-economic systems—to compete with leading entrepreneurial economies globally.
“We must develop all these three in Nigeria to join the league of entrepreneurial economies,” he said.
He expressed concern that frequent policy changes by successive administrations have weakened the impact of government interventions on small businesses and consumers.
“At the public policy level, a coherent access to finance framework for consumers and SMEs needs to be developed. We have observed that different administrations embark on different policies and continuity is not guaranteed. This is a major challenge in Nigeria,” Popoola stated.
The CRC boss also decried the dominance of informal credit systems, warning that millions of Nigerians, including users of unregulated digital lending platforms, remain outside the formal financial ecosystem.
“A lot of credit activities take place informally outside the formal financial system. A robust finance framework would connect these fragmented sources to the formal system and enhance financial inclusion,” he said.
On identity management, he called for the harmonisation of multiple identification platforms under the National Identification Number (NIN), proposing a unified system for all Nigerians.
“We need to accelerate the fusion of tax ID, passport, BVN, driver’s licence and voter’s card with the NIN. It should be the only unique number for everyone,” he added.
Popoola further warned that rising digital financial transactions have increased exposure to fraud and data breaches, urging stricter enforcement of data protection laws.
“Data is central to the success of the financial system. It must be protected from abuse and unauthorised access. Strict compliance with data protection regulations should be enforced,” he said.
He also urged government to unlock critical data held by telecom firms, power distribution companies, insurers and tax authorities to support credit bureaus in improving lending decisions.
“With the right data, credit bureaus can unlock access to credit for consumers and small businesses. Today, data is locked up in silos and not useful to the economy,” he noted.
Highlighting infrastructure gaps, Popoola described poor electricity supply as a major obstacle to industrialisation and enterprise development.
“I do not think any nation can achieve greatness if access to electricity remains as poor as we currently have it in Nigeria,” he said.
He challenged universities to conduct impact assessments on government-backed SME programmes, noting a lack of evidence on whether such interventions are achieving desired outcomes.
“Rigorous research should determine whether these supports are achieving expected outcomes. As of now, we have little research activities in this area,” he added.
Popoola, however, acknowledged progress in Nigeria’s digital ecosystem, citing the growth of fintech firms such as Flutterwave, OPay, Interswitch and MoniePoint as evidence of emerging trust infrastructure.
“Government direct financial support is a form of subsidy and cannot materially address the gaps in access to finance. The promotion of financial infrastructure will move the needle faster,” he said.
He emphasised that improving education and healthcare systems is critical to unlocking the potential of Nigeria’s youthful population.
“When we build the capacity of people through quality education and accessible healthcare, we will unleash opportunities for our youthful population to live lives of dignity and prosperity,” Popoola said.
Meanwhile, the Vice-Chancellor of Kwara State University, Professor Shaykh-Luqman Jimoh, reaffirmed the institution’s commitment to bridging the gap between academia and industry through strategic partnerships.
Jimoh said the collaboration between the university and CRC Credit Bureau Limited would enhance students’ employability through internships, research and industry exposure.
“This lecture is one way we as a university are forging synergy with industry,” he said.
“Our students stand to benefit from structured internships, industry exposure, and targeted employability training, while our faculty will engage in joint research and knowledge exchange that strengthens both academic output and industry practice,” Jimoh added.
He noted that the partnership, formalised in January 2026, focuses on finance, data science and credit management, positioning the university as a driver of economic transformation.
“For us, theory must meet practice on our campuses while practice must reflect grounded theories in our communities. This is the only way universities can contribute meaningfully to national development,” he said.
Also speaking, the Dean of the Faculty of Management and Social Sciences, Dr Rahman Mustapha, underscored the importance of trust in building a sustainable financial and entrepreneurial ecosystem.
“The future of finance and entrepreneurship in Nigeria rests on your shoulders, and trust remains the currency that will sustain your endeavours,” Mustapha told students.
He described the lecture as timely, noting that stronger collaboration between academia and industry is essential for preparing students for real-world challenges and driving national development.
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Former Kano State governor and 2023 presidential candidate of the New Nigeria Peoples Party, Rabiu Kwankwaso, has revealed that one of his daughters encouraged him to collaborate with former Labour Party presidential candidate, Peter Obi, during the 2023 general election.
By: Fabian Apechihin
Kwankwaso made the disclosure on Monday while speaking on Prime Time, a programme on Arise Television.
According to him, many political leaders in Nigeria have failed to understand the mindset, concerns, and aspirations of young Nigerians, especially in the era of social media.
He explained that younger Nigerians are more interested in competent and effective leadership than the ethnic and religious sentiments that often dominate political discussions among older politicians.
“So many things have changed in this country. You have leaders, many of whom don’t even realize what is happening on social media. We have leaders who hardly have any contact with young men and women,” Kwankwaso said.
“People of our age, my age, or especially the age of Atiku, are very few in this country compared to the younger people. The younger people have their own way of thinking, even our children.”
The former Kano governor stated that even within his family, younger members expressed opinions that reflected a desire for political cooperation and better leadership.
“You will be surprised, even during the 2023 election, in my own house, my own daughter was telling me to go and work with Peter Obi,” he said.
“She didn’t say she was obedient, but she wanted me to work together with him, and vice versa.”
Kwankwaso added that while many older politicians remain focused on religion and ethnicity, young Nigerians are more concerned about credible leadership and national progress.
“So you see, there is a lot happening in this country, but people at that level we are talking about don’t even understand,” he stated.
“People are talking about religion. People are talking about ethnicity. People are talking, especially those at our level and age, but the younger people are looking for the right leadership for this country. And I think they are absolutely right.”
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Uba Sani has dismissed reports of a major crisis within the Progressive Governors’ Forum, describing the recent disagreement among members as a minor misunderstanding.
By: Fabian Apechihin
Sani made the remarks on Monday during an appearance on Politics Today, a programme on Channels Television.
Reports had emerged last week claiming that Hope Uzodimma was removed as chairman of the Progressive Governors’ Forum and replaced by Peter Mbah following a tense meeting in Abuja.
The reports also alleged that the forum had split into rival factions. While Uzodimma insisted he remained chairman, another bloc was reportedly aligned with Dapo Abiodun and Abdulrahman Abdulrazaq.
However, governors loyal to Uzodimma later passed a vote of confidence in him during a meeting held at the Imo State Lodge in Abuja. President Bola Tinubu was also said to have intervened in the dispute.
Reacting to the controversy, Sani, who serves as vice chairman of the forum, maintained that no leadership change had taken place.
“At the moment, there’s no problem. All the governors are together. His Excellency Hope Uzodimma is the chairman of the Progressive Governors Forum,” he said.
“My humble self, Senator Uba Sani, is the vice chairman of the Progressive Governors Forum.”
The Kaduna governor stated that disagreements are normal in a democratic setting and should not be blown out of proportion.
“In my own opinion, I don’t think it’s a serious issue, like many people try to make it look like it’s a very serious issue,” he said.
“Because, you know, in everything we are talking about democracy, people can choose to disagree and agree. So, in my own opinion, it was just a slight misunderstanding.”
Sani assured party supporters that the matter had been resolved and dismissed speculation of any division within the forum.
“I don’t think you will hear anything again. I can assure you, you can’t hear anything again,” he stated.
“It’s just a slight disagreement, not a serious issue, but a slight disagreement. But it has been resolved.”
He further added that if there had truly been a leadership change, he would have automatically assumed office as chairman in his capacity as vice chairman.
“And of course, if there’s any change of leadership, sitting here as the vice chairman, I could have taken over,” he said.
“But I can tell you, I was there. And I was the one who made that statement clear that we are united. Everything is okay.”
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Former Vice President Atiku Abubakar has warned opposition parties against zoning the 2027 presidential ticket to the South, arguing that such a decision could make it easier for President Bola Tinubu to secure re-election.
In a statement released by his camp, Atiku maintained that fielding another southern candidate against a sitting southern president would be politically ineffective and unsupported by Nigeria’s democratic history.
According to the statement, opposition leaders should concentrate on forming a strong and united coalition capable of defeating the ruling party rather than making what it described as emotional or symbolic political choices.
Atiku’s camp questioned how a southern opposition candidate could realistically defeat a southern incumbent president.
“At the core of the question is: how does a Southern opposition candidate realistically unseat a sitting Southern president?” the statement read.
It further argued that Nigeria’s political history offers no example of such an outcome, warning that insisting on that strategy could amount to entering the election already defeated.
The statement added that if opposition parties insist on zoning the presidency to the South, they might as well allow Tinubu to seek re-election unchallenged by a rival candidate from the same region.
According to Atiku’s camp, such a strategy lacks the political strength, national spread, and electoral advantage needed to unseat an incumbent president.
The former vice president’s camp also criticised supporters of southern zoning, describing their position as “intellectually dishonest” and disconnected from present political realities.
“Defeating an incumbent president requires realism, not romanticism; strategy, not sentiment; honesty, not selective memory,” the statement added.
It urged opposition politicians to decide whether their focus is on making symbolic political statements or genuinely winning power in the 2027 election.
The statement stressed that opposition politics should be driven by practical electoral calculations and broad national coalition-building rather than emotional considerations.
On the issue of fairness and power rotation, Atiku’s camp argued that by 2027, the South would have spent more years in power than the North during Nigeria’s current democratic dispensation.
According to the statement, the South would have occupied the presidency for 18 years, while the North would have held power for only 10 years within the same period.
“It becomes difficult to understand the justice in an argument that seeks to deepen an already existing imbalance under the guise of equity,” the statement noted.
The camp also accused some supporters of southern zoning of selective memory, recalling that many of them backed former President Goodluck Jonathan in 2011 despite calls at the time for power to return to the North.
“It is intellectually dishonest for those who supported a Southern presidency in 2011 to now posture as custodians of rotational justice,” the statement said.
While acknowledging the Southeast’s aspiration to produce Nigeria’s president, Atiku’s camp criticised what it described as “transactional political bargaining” and “symbolic tokenism.”
The statement warned against political arrangements allegedly aimed at satisfying personal ambitions without creating a genuine and sustainable pathway for the Southeast to attain power.
“Principles do not become sacred only when they align with personal ambition,” the statement concluded.
It urged opposition parties and stakeholders to focus on building a broad-based national alliance capable of defeating Tinubu in 2027 rather than becoming distracted by divisive zoning debates.
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