News
The Imperative of Emefiele’s International Recognition on Nigeria’s Economy

By Solomon Semaka
In the Christian Holy Book, Jesus is quoted to have said to the people of his hometown of Nazareth after they failed to recognise his messianic message of the sonship of God that a prophet is not without honour, except in his hometown and among his relatives and in his household.’ (cf Mark 6: 4, English Standard Version). The people of this little town could not believe that the little boy that grew up with them, whose parents they also knew very well could become so powerful, wise and knowledgeable about the law and scriptures like Jesus did. The elders felt they should be the ones teaching him and not the other way around. Even in our homes and offices, we trivialize people’s talents and skills because they come from certain places or are of a certain age or religion. It is also common for people to refuse to accept even the most seasoned technocrat’s leadership because of political party affiliation, tribe and even religious or gender consideration. This analogy can be likened to the case of a great financial wizard and technocrat of the Nigerian banking system in the person of Chief Godwin Emefiele, the indefatigable Governor of the Central Bank of Nigeria.
The global Banking and Financial Community over the years has been keenly observing and documenting his numerous pioneering achievements and technological innovations in the Nigerian banking system and the Central Bank of Nigeria. Little wonder, on Thursday, 13th October 2022 at the Willard Intercontinental Hotel, Washington DC, the Foreign Investment Network (FIN), organizers of the *Euroknowledge* Award For Digital Transformation conferred on the astute financial Wizard, the
‘Euroknowledge Africa Most Innovative Digital Transformation Governor of the Year Award for 2022. This more than ever before calls for genuine celebration and indeed Nigerians who are conversant with the modest yet transformational works Chief Emefiele was doing for the Nigerian economy are in great jubilation and rolling out the red carpet for him.
Chief Godwin Emefiele is no doubt a giant in the area of banking innovations. He is a pioneer not just in Nigerian banking but in Africa and indeed the world at large. The CBN under Emefiele has emerged as a pace-setter in the payments system with pioneering efforts in Central Bank Digital Currency (CBDC). This is the first of its kind and a marvel even to the International Monetary Fund (IMF) and the World Bank who have shown interest and are eager to key into the innovative policy, a brain child of the Central Bank of Nigeria under Godwin Emiefele. This digital currency popularly called e-Naira has clocked one year since its launch with many financial benefits to justify it’s sustainability.
Before the emergence of Emefiele, many Nigerians were ‘unbanked’ and had no access to financial and banking services, especially in rural areas. The CBN under Chief Emefiele changed that narrative and also deepened options for digital payments by licensing many Micro-Financial companies to deliver services to the grassroots. The CBN also licensed Mobile Money Agents that made it possible for Nigerians everywhere to seamlessly operate wallets on their phones, and receive and send money without any hassles. The multiplier effect of this on the economy is unquantifiable.
The CBN had, in the wake of the COVID-19 pandemic saved Nigeria from going into a terrible recession even when almost the whole world was on its knees and barely struggling to keep their economies afloat. The innovative financial management techniques and approaches used by the CBN through the AGMESIS loan scheme for SMEs and Households which stimulated local production helped save the economy. Not just that, the CBN through the able and visionary leadership of Chief Emefiele extended more stimulus packages to youths through the NYSC scheme, manufacturers and other stakeholders, the Nigerian economy did not succumb to the global recession that visited other countries. Nigerians of goodwill across all divides are grateful for this financial mastery of a Nigerian son and patriot who is now receiving international awards with reckless abandon.
Through the financial foresight and determination of the CBN Governor and keeping to the cashless policy of the CBN, Point of Sale Terminals (POS) is spread across the length and breadth of the country. Before now, only in banks could one find POS. With a secured payment system and a robust system for lodging complaints in various financial institutions and other licensed payment agents, POS operators are smiling daily to the bank with their patrons saving many man-hours that were previously wasted queuing in banking halls and bank ATM machines. Apart from the hundreds of thousands of people employed as POS vendors, the deployment of POS and their seeming availability in all shops, schools, churches, fueling stations, motor parks and even in the remotest villages has eased payments and facilitated trade all over the country.
Nigeria has become a hub for direct foreign investments in Nigeria because of the ease of doing business facilitated by the legendary financial wizard. The number of investors indicating interest in the Nigerian business environment especially the financial sector and those already doing business in Nigeria is a confirmation of the fact that Nigeria under Emefiele is a fertile ground for secured and profitable investments. With a secured payment system and a friendly forex regime, investors have nothing to fear as can be seen from the number of new investors choosing the Nigerian destination from all over the world. Nigeria’s economy is indeed growing and history will forever be kind to Chief Emefiele for his innovative financial management skills and prowess.
The CBN in conjunction with the Nigerian InterBank Settlement System (NIBSS) and the Bankers Committee set to float a National Card Scheme to improve the payment system in Nigeria. The project which has already received approval and the nod of all stakeholders is the brainchild of the CBN under Chief Godwin Emefiele. The National Domestic Card scheme is created to help drive acceptance and efficiency and reduce the operating cost of cards in the country. It is configured to address the unique ecosystem that we have to help improve payment across the nation with lower charges. This local content is at its peak with features that support micro-payment and credit, e-government, identity management, transportation, the health sector and agriculture in terms of payment. This and many other innovative solutions are the things the ‘little boy of Nazareth’ is doing that many people do not want to recognize.
As the global world recognizes and honours Chief Godwin Emefiele, it is high time we rally around him and give him our utmost support. It is noteworthy to commend Mr. President for the confidence he has reposed in the financial technocrat in driving the economy. With the ideas and international experience of Chief Emefiele, Nigeria’s banking and financial sector will soon become a rallying point globally.
Rev Solomon Semaka is the Convener Save Nigeria Movement
News
Hon. Hamma Adama Ali Kumo Applauds APC Consensus, Declares Full Support for Dr. Jamilu Gwamna and Governor Yahaya’s Senatorial Bid
Hon. Hamma Adama Ali Kumo, National Deputy Financial Secretary of the All Progressives Congress (APC), has congratulated Dr. Jamilu-Isiyaku Gwamna on his emergence as the party’s consensus governorship candidate for Gombe State ahead of the 2027 general elections.
In a statement issued in Abuja, Hon. Kumo described Dr. Gwamna as “a visionary leader, accomplished technocrat, and grassroots mobilizer whose credibility and capacity will strengthen the APC’s position in Gombe.” He noted that the consensus arrangement reflects the party’s commitment to unity and inclusiveness, adding that it is a step toward consolidating APC’s achievements in the state.
Hon. Kumo called on all aspirants who contested for the governorship ticket to rally behind Dr. Gwamna, stressing that collective effort is essential for the APC to secure victory. “Every aspirant remains a vital pillar of our party. By joining hands with Dr. Gwamna, we can ensure APC’s continued dominance and deliver progress for the people of Gombe,” he said.
He further commended Governor Muhammadu Inuwa Yahaya for his exemplary leadership, which has brought peace, infrastructural development, and political stability to Gombe State. Hon. Kumo emphasized that the governor’s guidance was instrumental in the smooth adoption of consensus candidates, describing him as “a leader whose vision has transformed Gombe and whose legacy will endure.”
Hon. Kumo also reaffirmed his support for Governor Yahaya’s senatorial aspiration, expressing confidence that his wealth of experience will bring quality representation to the National Assembly. He noted that Yahaya’s senatorial bid complements Dr. Gwamna’s governorship candidacy, creating a formidable team to advance APC’s mission in Gombe.
Concluding his remarks, Hon. Kumo urged party members, stakeholders, and the electorate to remain steadfast in their support for APC candidates, assuring that with unity and determination, the party will deliver victory and sustain progress in Gombe State.
News
Nassarawa 2027: Crisis Rocks APC as Lawyer petitions governor Sule anointed Aspirants over dual membership of SDP/APC.
A legal practitioner in Nasarawa State and member of the All Progressives Congress (APC), Barr Tari Trochon has submitted a Formal petition to the National Secretariat of the party demanding proper investigation into the alleged dual membership of Senator Aliyu Ahmed Wadada.
Senator Wadada has won elections into the Senate in 2023 on the platform of the Social Democratic Party (SDP) and has emerged the preferred choice of Governor Abdullahi Sule of Nassarawa State for the APC Governorship primaries scheduled for May 21st 2026.
According to the petition signed by Barr Trochon from Nakere ward of Wamba LGA, “we demand immediate investigation into Wadada membership and compel him to produce verifiable evidence of resignation from the SDP which should be verified from the national leadership of the SDP and not forged documents.
“His disqualification from the participation in the primaries if he fails to establish lawful and exclusive membership of the APC among other legal violations of the Constitutional provisions by Wadada participating in the process while holding dual membership of SDP and APC”
The legal Practitioner warned that allowing Wadada participate in the forth coming gubernatorial primaries would amount to institutional endorsement of illegality that will set the grounds for pre-election legal challenges that might lead to disqualification.
” The enormous credibility issues bothering on how his failure to inform the Senate of his alleged defection, nine months after, provides a fertile ground for litigations that may be costly to the APC in Nasarawa State if he is not stopped.
“We are aware that the SDP is set to take Senator Wadada to court over his defection to APC while still maintaining his membership with SDP simultaneously” he said.
The Petitioner added that in view of time constraint, he will be left with no other option than to proceed to court in order to save the APC in Nasarawa State from imminent problems that may cost us electoral misfortunes.
“There is prima facie infraction of section 222 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), section 77 of the Electoral Act 2026, Conventions of the Senate and clear expressions of lack of credibility and character which must be looked into.
“He shouldn’t go into our Direct Primaries, and we’ll ensure the Courts stop him from further participation” he said.
He maintained that the Petition has since been submitted to the APC national Secretariat, signed received and acknowledged.
News
NEW LAFIA BYPASS ENDS YEARS OF TRAFFIC NIGHTMARE, TRANSFORMS MOBILITY AND LIVELIHOODS
BY MOHAMMED MUSA
Residents and motorists in Nasarawa State are already feeling the relief that comes with good infrastructure, as the main construction of the Lafia bypass has been completed, slashing travel time through the state capital from 45 minutes to just 15 minutes.
The bypass, a critical section of the Keffi Road Phase II project, was constructed by China Harbour Engineering Company, CHEC, and its completion is quietly transforming local traffic conditions. Although the formal handover is still being prepared, many residents and drivers say the improvement in travel time and road environment is unmistakable.
For years, Lafia, the capital of Nasarawa State, has groaned under the weight of heavy transit traffic. As a major gateway linking Abuja to Makurdi and the eastern corridor, all long-haul vehicles had no choice but to crawl through the city centre. The result was predictable: congestion, wasted man-hours, higher fuel consumption, and increased safety risks for both residents and commuters.
However the story has changed.
Abdullahi Mohammed , a small shop owner in Lafia and a regular traveler on the route, captures the mood on the street. “It used to take about 45 minutes to pass through the city, especially when heavy trucks were on the road. Traffic jams and delays were common,” he said. “Now, with the completion of the Lafia bypass, it only takes about 15 minutes to get across. These past few days, the roads feel much smoother, and going out is more reassuring.”
The impact is even more direct for commercial drivers who earn their living on the road. A freight driver who spoke with our correspondent explained that the old route through the city was not just slow but costly. “Previously, vehicles had to pass through the city, which was time-consuming, increased fuel consumption, and posed safety risks,” he noted that, “now with the bypass, we save time and it’s safer. This is very important for those of us in transport because we save on fuel consumption and time spent on the road, which has greatly improved profitability.”
It is worthy of note that, Lafia has long endured heavy transit traffic pressure, with urban roads often congested during peak hours. The city’s status as an administrative and commercial hub means that local traffic already competes for limited road space. The hundreds of trailers and tankers heading to Benue, Cross River, and beyond, through Lafia put a lot of strain on Lafia’s inner roads.
With the completion of the bypass’s main works, transit vehicles will gradually be diverted, easing the burden on city traffic. The benefit goes beyond speed. Improved road conditions will also provide more efficient channels for agricultural product transport and daily goods circulation. Nasarawa is an agrarian state, and farmers along the corridor stand to gain from faster access to markets in Abuja and Makurdi. For residents, it means fresher produce, lower transport costs, and a tangible lift in quality of life.
The bypass is not just another road; it is a strategic intervention that had stalled for years before the current administration revived it. Delivering it required more than engineering skill, it demanded discipline, planning, and resilience.
Despite a complex security environment, the CHEC construction team advanced steadily by strengthening site management and optimizing construction organization. The company ensured the smooth completion of the section in record time, maintaining standards across earthworks, hydraulic structures, stone base, asphaltic concrete, and drainage.
The result is a road that meets specification and already delivers value before formal commissioning. Preparations for handover are now underway, and the bypass’s traffic relief function will gradually take effect. Industry observers note that CHEC’s ability to deliver under pressure reinforces its reputation for quality and timely delivery on federal road projects across Nigeria.
Engr Shuaibu Abdullahi the Principal Engr Federal Ministry of Works Lafia Field Headquarter, Nasarawa State couldn’t have put it better while commending CHEC and the impact of the bypass: “The Lafia bypass road project stands as a transformative and important road corridor for both the community along the road and commuters. By significantly reducing travel time between Lafia and Makurdi, easing traffic congestion within Lafia metropolis, and lowering vehicle maintenance costs, the project enhances mobility, productivity, and overall quality of life. Equally impactful is the lifesaving construction of drainage systems in Mararaba, a deliberate corporate social responsibility effort by the contractor aimed at mitigating the effects of perennial flooding, safeguarding lives, property, and livelihoods. Together, these interventions not only improve access to markets for farm produce but also reinforce a commitment to sustainable development and community well-being.”
In a similar vein, Abdullahi Shehu Kasimu the Village head of Mararaba Akunza gave commendation to CHEC for its Corporate Social Responsibility works to control flooding on the Mararaba axis of the road corridor: “On behalf of the Mararaba Akuza community, we wish to express our sincere appreciation to Messrs CHEC for coming to our aid through the expansion of drainage facilities in Mararaba Akuza. For many years, the community suffered persistent flooding that damaged homes and property, but this intervention has brought much-needed relief.
Today, residents are already experiencing the positive impact of the upgraded drainage system, which has significantly improved water discharge and offers lasting protection against future flooding.
We also extend our gratitude to His Excellency, Engr. A. A. Suleiman, the Executive Governor of Nasarawa State, for his prompt response to our concerns and support for this intervention”.
Expectation is high in Lafia. “If it can be fully opened soon, it will be good for all of us,” said Aliyu Subair, echoing a view expressed by several residents. For traders, students, civil servants, and transporters, the bypass represents time recovered and costs saved. For the state government, it frees up inner-city roads for local use and reduces maintenance pressure caused by heavy-duty vehicles.
As follow-up works continue, this vital regional corridor is steadily unlocking its value for people’s livelihoods and national development. The bypass does three things at once: it cuts travel time by 66 percent, improves road safety by separating through-traffic from city traffic, and creates an economic artery for Nasarawa and neighboring states.
The completion of the main works is proof that with political will, proper funding, and competent contractors, Nigeria can turn frustration into free flow. CHEC’s delivery of the Lafia bypass to good standard and in record time sets a benchmark for how critical road interventions should be executed.
For Abdullahi Sabo, the shop owner, the change is simple but profound: “Going out is more reassuring.” For Nigeria’s transport economy, it is another step toward an integrated, efficient road network.
The Lafia bypass may have been built quietly, but as an important local transportation milestone, the project has improved the regional road network, eliminated urban congestion, and enhanced traffic safety. Supported by complementary drainage works, it has addressed flooding issues affecting livelihoods, effectively driving commercial and agricultural upgrades along the route, revitalizing the regional economy, and becoming a benchmark project for high-quality infrastructure cooperation between China and Nigeria
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