Broadcasting
DFA Applauds CBN’s Oversight Functions on NIRSAL’s Operations
The Development Finance Advocates (DFA), a network of individuals who believe and support the adoption of development finance strategy in growing the Nigerian economy has commended the Central Bank of Nigeria (CBN) for effectively performing its statutory oversight functions on the activities of Nigeria Incentive-Based Risk Sharing for Agricultural Lending (NIRSAL Microfinance Bank) as regards the disbursement of funds meant to catalyse the flow of finance and investment into fixed agricultural value chains.
The CBN, through its Development Finance Department (DFD), has undertaken several financial intervention initiatives over the years, covering some major strategic sectors of the economy.
These interventions include 37 development finance initiatives, across critical sectors of the economy namely; Agriculture, Aviation, Creatives, Export, Health, Information Technology, Manufacturing, MSMEs, and Power.
In the wake of the COVID-19 pandemic last year, the CBN introduced the Targeted Credit Facility (TCF) through NIRSAL Microfinance Bank.
This is aimed at cushioning the impact of the pandemic on businesses and households. The TCF is a N50billion stimulus package designed to support households, Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
To accommodate more beneficiaries, an additional N50 billion has been added making it a total of N100 billion.
Also notable is the Agric Small and Medium Enterprise Scheme (AGSMEIS) which was introduced in 2017 by the Bankers’ Committee in a bid to support and complement the Federal Government’s efforts at promoting Agri-businesses/Small and Medium Enterprises as a vehicle for sustainable economic development and employment generation. So far, this initiative has been impactful with testimonials from beneficiaries.
Commending the apex bank for ensuring transparency of the process, Mrs. Bolaji Oyekanmi, executive director, Development Finance Advocates (DFA), said: “The CBN has clearly demonstrated that it is totally committed to funding developmental projects to drive economic growth in the country.
“It has been consistent in ensuring that these initiatives, not only succeed but achieve the set objectives of impacting the lives of individuals and businesses.”
Oyekanmi further stated, “it is quite reassuring for us, as we continue to monitor the implementation of these initiatives across board.
“We have been following developments as its concerns NIRSAL Microfinance Bank and other partnering banks under the supervision of the CBN in adhering to strict compliance governing the disbursement of the funds. The way and manner this has been done so far is worthy of commendation.”
She further stated that, in situations where infractions were reported, the CBN, has been effective in using the instrumentality of its mechanism, to swiftly investigate and resolve issues, thereby sustaining stakeholder’s confidence in the initiatives.
Broadcasting
Anambra State Government Launches SolutionLens to Drive Transparency and Citizen Engagement
Anambra State Government has launched SolutionLens, a technology-driven platform aimed at enhancing transparency, accountability, and citizen engagement in governance.
The platform, developed through a collaborative effort by the Ministry of Budget and Economic Planning, the Ministry of Information, and the Anambra State ICT Agency, was unveiled on Thursday, May 15, 2025, at the Solution Innovation District (SID) Building in Awka.
Speaking at the launch, Mrs. Chiamaka Nnake, Honourable Commissioner for Budget and Economic Planning, described SolutionLens as a democratic tool that simplifies the Open Government Partnership (OGP) process.
She emphasized its role in planning, budgeting, and fostering investor confidence through community-based feedback mechanisms.
In her remarks, Mrs. Ogochukwu Orji, the State Coordinator of OGP, noted that SolutionLens is designed to shine a light on public projects, empowering citizens to ask questions, hold the government accountable, and ensure resources are used for the common good.
Key Features of SolutionLens
Centralized digital hub for government projects
Interactive maps with a user-friendly interface
Live chat feature to connect citizens directly with MDAs
A live demonstration of the platform was conducted, followed by the formal inauguration of MDA focal persons, who will ensure the platform remains updated and responsive.
Participants commended Governor Charles Chukwuma Soludo, CFR, for this forward-thinking initiative, describing SolutionLens as a game-changer in governance.
The government urged citizens to actively engage with the platform and spread awareness, emphasizing that this initiative will safeguard the integrity and prosperity of Anambra State for generations to come.
Benue State Governor, Rev. Fr. Dr. Hyacinth Iormem Alia, has been named among the “50 Most Valuable Personalities (50MVPs) in Nigeria’s Digital Economy 2025,” a prestigious recognition celebrating visionary leadership in technology-driven governance.
Governor Alia’s administration has prioritized digital inclusion and ICT development, introducing groundbreaking initiatives that position Benue State at the forefront of Nigeria’s digital economy. Under his leadership, the government has established three key institutions: the Ministry of Communications, Innovation & Digital Economy, the Benue State Digital Infrastructure Company (BDIC), and the Benue State Digital Infrastructure Services Management and Enforcement Agency (BENDISMEA).
Since assuming office, Alia has launched several digital initiatives, including training over 40,000 civil servants in e-governance tools and equipping 10,000 youths with digital skills. Additionally, the government has set up 276 e-commerce hubs across council wards to support local businesses and young entrepreneurs.
The BDIC, a core driver of Benue’s tech transformation, has spearheaded projects in digital financial inclusion, AI education, and broadband expansion. The state has also partnered with the Digital Bridge Institute (DBI) to establish digital training hubs in all local government areas, targeting 23,000 trainees annually.
Alia’s recognition as one of Nigeria’s top digital leaders will be formalized at the West Africa Convergence Conference (WACC) 2025, scheduled for May 22 at The Colosseum, Lagos. The annual event, organized by Knowhow Media, brings together policymakers and innovators shaping Nigeria’s digital future.
Speaking on the selection process, Dr. Sola Afolabi, Chairman of the 2025 Nomination Committee, praised Alia’s contribution, describing his digital initiatives as “transformational steps that set the benchmark for technology-driven governance.”
Previous editions of the 50MVPs in Nigeria’s Digital Economy have honored notable figures such as Minister of Humanitarian Affairs, Prof. Nentawe Goshwe Yilwatda, and NDPC CEO, Dr. Vincent Olatunji.
Governor Alia’s reforms reflect a broader shift towards digital governance in Nigeria, highlighting the potential of technology to drive inclusive economic growth and efficient public administration.
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