Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has announced the launch of its Ticket Vending Platform (TVP), a comprehensive digital solution designed to transform ticketing, streamline operations, and enhance service delivery across Nigeria’s interstate transport sector.
Developed as both an operational management system and a digital marketplace, the platform enables transport operators, particularly small and medium-scale businesses, to digitise their end-to-end processes while connecting to a broader customer base through the Quickteller ecosystem. With TVP, operators can seamlessly create and manage routes, oversee terminal activities, track sales, and access real-time performance insights from a single, centralised platform.
At the core of the solution is a secure, token-based system that allows travellers to purchase digital tickets across multiple channels, including web, mobile, and dedicated point-of-sale (POS) devices deployed at transport terminals. These tokens serve as verifiable digital vouchers, which are validated and redeemed at boarding points, significantly reducing inefficiencies associated with manual ticketing, cash handling, and fragmented sales processes.
Commenting on the launch, Chinyere Don-Okhuofu, Managing Director, Industry Ecosystems, Interswitch, said:
“Transportation remains a critical backbone of Nigeria’s economy, yet much of the sector still operates with fragmented systems and manual processes that limit efficiency and growth. With the Ticket Vending Platform, we are introducing a scalable digital infrastructure that empowers transport operators to modernise their operations, expand their reach, and deliver a more seamless experience to travellers.
“Beyond ticketing, this is about creating a connected ecosystem, one that brings together operators, commuters, and regulators on a unified platform, while driving transparency, efficiency, and long-term value across the industry.”
Beyond its operational capabilities, TVP introduces a marketplace experience that enables travellers to search, compare, and select transport options across multiple operators based on routes, schedules, and pricing. This not only simplifies journey planning but also promotes transparency and choice for commuters.
For transport operators, the platform addresses long-standing challenges such as limited online visibility, disconnected sales channels, and manual reconciliation processes. By leveraging TVP and its integration with the Quickteller platform, operators can expand their market reach, improve settlement transparency, and unlock data-driven insights to optimise performance and revenue.
The platform also supports corporate and institutional users by enabling bulk token purchases, offering a flexible and efficient solution for organisations managing employee or group travel. In addition, TVP delivers value to regulators and stakeholders within the transport ecosystem by providing access to structured data and actionable insights that can support oversight, licensing, and consumer protection efforts.
The launch of the Ticket Vending Platform underscores Interswitch’s broader commitment to driving digital transformation across critical sectors of the economy. By bridging the gap between physical transport operations and digital infrastructure, the platform is set to unlock new efficiencies, enhance customer experience, and accelerate the modernisation of Nigeria’s transport industry.
To learn more about Interswitch’s Parking Management Platform (PMP) and how it is transforming Nigeria’s transport industry, visit www.interswitchgroup.com
The Jewel Environmental Initiative has called for increased investment in waste recycling to address environmental pollution and youth unemployment.
The organisation says inadequate recycling infrastructure, especially in Northern Nigeria, is worsening plastic and nylon pollution.
The NGO has trained residents in converting waste into reusable products, including interlock pavements and home gardening materials.
MAIN STORY
The Jewel Environmental Initiative (JEI), a non-governmental organisation, has called on government and relevant stakeholders to invest in waste recycling initiatives as part of efforts to tackle environmental pollution and create sustainable employment opportunities for youths.
The Chief Executive Officer of the organisation, Ismail Bima, made the appeal during an interview in Gombe.
Bima said the need for urgent investment in recycling infrastructure had become necessary due to the growing volume of waste generated across the country and the inability of existing systems to fully harness the economic value chain within the waste management sector.
According to him, establishing recycling facilities would help convert waste into reusable products, reduce environmental pollution, improve sanitation, and boost revenue generation for governments at various levels.
He specifically urged authorities to establish small-scale recycling plants capable of addressing the growing problem of plastic and nylon waste, particularly in Northern Nigeria where plastic pollution continues to pose serious environmental challenges.
“Waste recycling addresses critical environmental sanitation challenges by diverting waste from the streets and other sources, reducing pollution and turning potential environmental hazards into valuable resources,” Bima said.
He noted that Northern Nigeria currently has limited recycling infrastructure, adding that Gombe State has only one company involved in recycling sachet water plastics into reusable products.
“Establishing small-scale recycling plants will reduce environmental hazards, generate revenue for government, and curb unemployment. For women, it will also reduce their level of dependency on their male counterparts,” he added.
The environmental advocate, however, identified the high cost of transportation as a major challenge affecting waste collection and recycling activities.
According to him, the rising cost of transporting recyclable materials to processing centres in other parts of the country has discouraged many young people involved in waste collection and recycling businesses.
He explained that the situation has contributed to increasing volumes of plastic waste clogging drainage systems and littering public spaces.
Bima further disclosed that the organisation had trained 30 individuals in 2025 on how to convert sachet water plastics into interlock paving materials.
He added that women had also been trained on how to use garden waste for home gardening as well as techniques for recycling wastewater for domestic gardening activities.
The JEI chief stated that the organisation is currently collaborating with Gombe State University to train students on waste-to-wealth initiatives and entrepreneurial skills development before graduation.
THE ISSUES
Nigeria continues to grapple with growing waste management challenges driven by rapid urbanisation, population growth, poor sanitation systems, and inadequate recycling infrastructure.
Plastic and nylon pollution have become major environmental concerns in many urban centres, with clogged drainage channels contributing to flooding, health risks, and environmental degradation.
Experts say the country’s limited recycling capacity and weak waste collection systems have prevented effective utilisation of recyclable materials that could otherwise create jobs and generate economic value.
The high cost of transportation and limited investment in local recycling plants also remain significant barriers to developing a sustainable waste management industry, particularly in Northern Nigeria.
WHAT’S BEING SAID
Environmental advocates say waste recycling presents an opportunity to address both environmental and socio-economic challenges simultaneously.
Stakeholders believe increased investment in recycling infrastructure could help reduce pollution, improve sanitation, support climate action, and create employment opportunities for young people and women.
Experts have also stressed the need for stronger government policies, public awareness campaigns, and private sector participation to strengthen Nigeria’s waste management system.
WHAT’S NEXT
Stakeholders are expected to intensify calls for government support and private investment in recycling facilities across the country.
Environmental groups and educational institutions may also expand training programmes focused on waste-to-wealth initiatives and green entrepreneurship.
Authorities are likely to explore additional strategies for improving waste collection, reducing plastic pollution, and promoting sustainable environmental practices nationwide.
BOTTOM LINE
The call by The Jewel Environmental Initiative highlights the growing need for investment in Nigeria’s waste recycling sector. Stakeholders say improved recycling infrastructure could help tackle environmental pollution, generate revenue, and provide sustainable employment opportunities for youths and women across the country.
Schools will be required to conduct periodic and unannounced drug screenings for both new and returning students at least once every academic session.
Students who repeatedly test positive will undergo a three-stage intervention process involving counselling, professional treatment, rehabilitation, and possible temporary suspension.
The policy mandates pre-test and post-test counselling, while schools are also expected to establish disciplinary committees to oversee compliance and enforcement.
Main story
The Federal Government has unveiled far-reaching measures aimed at curbing drug and substance abuse in secondary schools, introducing compulsory drug testing for students alongside temporary suspension for individuals who repeatedly test positive despite undergoing treatment and rehabilitation programmes.
Under the revised policy framework, all newly admitted secondary school students will be subjected to mandatory drug integrity screening as part of the admission process.
The measures are encapsulated in the National Implementation Guidelines Against Drug and Substance Use in Schools in Nigeria for secondary schools, details of which were obtained by our correspondent.
The guideline delineates a comprehensive framework designed to mitigate the escalating prevalence of substance abuse among students while fostering safer and more conducive learning environments across schools nationwide.
The guideline further stipulates that all new students/learners shall be subjected to drug tests and other measures approved by the schools/learning centres at the point of entry, adding that the exercise must be conducted in collaboration with approved federal/state health facilities and procedures.
Beyond admission-level screening, schools are expected to administer periodic as well as unannounced drug tests for both newly admitted and returning students at least once every academic session.
The policy expressly prohibits students from using or possessing narcotic drugs, controlled substances, or other illicit substances without authorisation from school authorities.
However, it clarifies that students who require controlled medication for underlying medical conditions must duly declare such medications through their parents or guardians during the admission process.
The framework establishes a three-tiered testing and intervention mechanism for students who test positive.
Students who fail the initial test will undergo counselling and preliminary treatment as determined by school authorities.
Those who subsequently test positive a second time will be referred to qualified professionals for more extensive treatment and specialised care.
For students who continue to test positive after a third round of screening and intervention, the policy provides that they may be temporarily suspended from the school environment.
The policy also introduces compulsory pre-test and post-test counselling procedures for students undergoing screening. The document additionally directs that violent incidents associated with substance abuse, including fighting or inflicting injuries, shall be reported to the law enforcement agents.
It also cautions that students who aren’t compliant with prescribed treatment or rehabilitation procedures will be temporarily removed from the school environment until he/she is deemed stable.
The development comes amid mounting concerns over the rising incidence of drug and substance abuse among adolescents in Nigeria, with stakeholders in the education and health sectors warning about its far-reaching implications for academic performance, discipline, mental well-being, and security within schools.
While proponents argue that the measures could significantly curtail substance abuse among students, critics are expected to raise concerns regarding implementation capacity, student welfare safeguards, and the preparedness of schools and health institutions to effectively operationalise the policy nationwide.
What’s being said
Excerpts from the document include:
“the aim is to identify students who may need help and to promote a safe and healthy school environment.”
“post-test counselling happens after results are available, regardless of whether the test is positive or negative. The goal is to support the individual to accept the result and link them to the right help.”
“if found to be positive again, such a student shall be temporarily suspended from the school environment to take treatment from a professional and undergo rehabilitation that might be found appropriate by the professional.”
Bottom Line
The development comes amid mounting concerns over the rising incidence of drug and substance abuse among adolescents in Nigeria, with stakeholders in the education and health sectors warning about its far-reaching implications for academic performance, discipline, mental well-being, and security within schools.
Zimbabwe says its gold reserves have surpassed 4 metric tonnes as part of efforts to strengthen the Zimbabwe Gold (ZiG) currency.
President Emmerson Mnangagwa inspected the vaults of the Reserve Bank of Zimbabwe and described the reserves as critical to the country’s monetary sovereignty.
Authorities aim to increase gold reserves to 5 metric tonnes before the end of the year.
The ZiG currency, introduced in 2024, is backed by gold and foreign currency reserves to curb inflation and stabilise Zimbabwe’s financial system.
Main Story
Zimbabwean President Emmerson Mnangagwa has announced that the country’s gold-backed monetary strategy is gaining momentum after inspecting the vaults of the Reserve Bank of Zimbabwe (RBZ).
In a statement released after the inspection, Mnangagwa said Zimbabwe’s gold and foreign currency reserves have grown significantly following a government directive issued two years ago requiring mineral royalties to be accumulated in physical form.
According to the president, Zimbabwe now holds more than four metric tonnes of gold reserves, positioning the country among Africa’s leading holders of official gold reserves and one of the strongest reserve holders within the Southern African Development Community (SADC).
The reserves are being used to support the Zimbabwe Gold (ZiG) currency, which was introduced in April 2024 as the country’s latest attempt to establish a stable local currency after years of hyperinflation and currency instability.
Recent reports from Zimbabwean authorities indicated that the RBZ had already accumulated about 3.4 metric tonnes of gold by mid-2025, with officials targeting 5 metric tonnes before year-end.
RBZ Governor John Mushayavanhu has previously stated that the reserves exceed the amount of ZiG currently in circulation, helping to improve confidence in the local currency and support price stability.
The development comes as Zimbabwe continues broader economic reforms aimed at reducing dependence on the United States dollar, restoring investor confidence, and strengthening fiscal discipline.
What’s Being Said
“These reserves are tangible assets that underpin our monetary sovereignty, rather than mere numbers. With over 4 metric tonnes of gold and foreign currency reserves, our ZiG currency remains fully backed and resilient to global economic shocks,” Mnangagwa said following the vault inspection.
The president added that the government remains committed to building a “stable, transparent, and prosperous economy” anchored on mineral-backed reserves.
Economic analysts say the success of the ZiG will depend not only on gold reserves but also on policy consistency, inflation control, and public trust in the financial system.
What’s Next
Zimbabwe’s central bank is expected to continue accumulating gold reserves throughout the year while tightening monetary policy measures designed to support the ZiG.
Authorities are also expected to expand the circulation and acceptance of the ZiG currency across the economy as part of efforts to reduce dollarisation and strengthen local currency usage.
The government’s progress toward achieving its 5-metric-tonne reserve target will likely remain a key indicator for investors and financial markets monitoring Zimbabwe’s economic recovery efforts.
Bottom Line
Zimbabwe is intensifying its push to stabilise the ZiG currency through increased gold reserves and tighter monetary controls. While the strategy has shown early signs of improving currency stability, long-term success will depend on sustained fiscal discipline, reserve growth, and public confidence in the country’s economic reforms.
Nigeria’s equity mutual fund segment grew to N216.34 billion in Net Asset Value (NAV) as of April 2026, up sharply from N170.74 billion in March.
The segment now has 94,531 unitholders, showing rising investor participation despite stock market volatility.
Zedcrest Equity Fund emerged as the best-performing equity mutual fund with an 83.73% Year-to-Date (YTD) return.
Several funds crossed the 50% return threshold, significantly outperforming inflation and many traditional savings instruments.
Investor appetite for equity-based investments is rising as Nigerians search for higher-yield assets amid inflationary pressure and naira volatility.
MAIN STORY
Nigeria’s mutual fund industry is undergoing a quiet but significant transformation. For years, conservative investment instruments such as fixed deposits, treasury bills, and money market funds dominated the financial decisions of most Nigerian investors. Safety was the priority. Capital preservation mattered more than aggressive returns. But 2026 is beginning to reveal a different trend.
A growing number of Nigerians are now looking beyond low-risk investments and moving toward equity mutual funds in search of stronger long-term returns.
Data compiled from the Securities and Exchange Commission (SEC) and analysed by Nairametrics shows that Nigeria’s equity mutual fund segment recorded a major expansion in April 2026. The category now comprises 20 equity mutual funds with a combined Net Asset Value (NAV) of N216.34 billion, compared with N170.74 billion recorded in March. The jump reflects both market appreciation and increased investor participation.
Even more notable is the rise in the number of unitholders. As of April 2026, the equity mutual fund category had 94,531 unitholders, underscoring increasing interest from retail and institutional investors seeking exposure to Nigeria’s stock market.
Unlike money market funds, which prioritise capital preservation and steady income, equity mutual funds are designed primarily for long-term capital appreciation. Fund managers invest in listed companies across sectors such as banking, consumer goods, industrials, telecommunications, oil and gas, and energy.
While equity funds come with higher volatility, the rewards can be substantial during strong market cycles. That reality has become increasingly evident in 2026. Several equity mutual funds have delivered returns above 50% within just the first four months of the year, outperforming many traditional investment instruments and attracting fresh attention from investors trying to stay ahead of inflation.
The strong performance of Nigerian banking stocks, industrial companies, and select energy counters has played a major role in boosting the returns of these funds. Against that backdrop, the competition among fund managers has intensified.
1. Zedcrest Equity Fund – 83.73% YTD Return
At the top of the rankings is the Zedcrest Equity Fund, which posted an impressive 83.73% Year-to-Date return by the end of April 2026.
The fund significantly outperformed both the broader market and competing equity funds, cementing its position as the leading performer in Nigeria’s equity mutual fund landscape. Its strong return reflects aggressive positioning in high-performing Nigerian equities during a period when several listed companies experienced strong price appreciation.
The performance also highlights how active portfolio management continues to play a major role in Nigeria’s developing asset management industry. For many investors, the fund’s extraordinary return has become one of the clearest examples of the upside potential available in Nigerian equities despite persistent macroeconomic challenges.
2. ZroskMagna Equity Fund – 61.13% YTD Return
Coming in second is the ZroskMagna Equity Fund with a strong 61.13% return. The fund maintained steady momentum throughout the first quarter and successfully crossed the 60% return threshold.
Its performance reinforces the growing competitiveness within Nigeria’s equity fund segment, where smaller and mid-sized fund managers are increasingly challenging more established firms. The strong return also reflects growing investor confidence in professionally managed equity portfolios as an alternative to direct stock picking.
3. Paramount Equity Fund – 60.05% YTD Return
Managed by Chapel Hill Denham, the Paramount Equity Fund recorded a 60.05% Year-to-Date return.The fund has consistently remained one of the strongest performers in Nigeria’s equity mutual fund space.
Its investment strategy focuses on high-quality Nigerian companies with long-term growth potential, helping it benefit from the broader rally in the equities market. Chapel Hill Denham’s reputation in Nigeria’s financial services industry has also contributed to the fund’s growing investor base.
4. CardinalStone Equity Fund – 56.58% YTD Return
The CardinalStone Equity Fund delivered a 56.58% return, driven largely by a diversified portfolio of high-growth Nigerian stocks.
CardinalStone has built a reputation for detailed market research and institutional-grade investment management, and the fund’s performance reflects the benefits of broad diversification during a bullish market cycle. The fund’s strong showing also demonstrates how exposure across multiple sectors can reduce concentration risk while still capturing strong upside opportunities.
5. Halo Equity Fund – 54.00% YTD Return
The Halo Equity Fund secured fifth position after posting a 54% return. The fund benefited from the rally in mid-cap and large-cap equities, particularly within sectors that recorded strong earnings growth.
Its performance highlights how Nigeria’s equity market recovery has extended beyond only the largest companies, creating opportunities for funds with broader market exposure.
6. Futureview Equity Fund – 52.43% YTD Return
Futureview Equity Fund continued its steady growth trajectory with a 52.43% Year-to-Date return. The fund has remained a notable player in Nigeria’s investment landscape for years, and its latest performance reinforces its reputation for disciplined portfolio management. Crossing the 50% return mark in less than five months further strengthens its appeal among growth-focused investors.
7. Guaranty Trust Equity Income Fund – 50.36% YTD Return
The Guaranty Trust Equity Income Fund, managed by GT Asset Management, posted a 50.36% return. Unlike some funds focused purely on capital gains, this fund combines capital appreciation with dividend income strategies.
That structure makes it particularly attractive to investors seeking both portfolio growth and recurring income. Dividend-paying banking and industrial stocks have remained central to the strategy of several Nigerian equity funds in 2026.
Other Honorable Mentions
Cowry Equity Fund – 49.50% YTD Return
The Cowry Equity Fund narrowly missed the 50% threshold after delivering a 49.50% return. Managed by Cowry Asset Management, the fund continues to maintain strong appeal among retail investors looking for professionally managed exposure to Nigerian equities.
Its performance demonstrates that even funds outside the very top tier continue to deliver significant gains compared with conventional savings products.
Meristem Equity Market Fund – 49.18% YTD Return
Meristem’s flagship equity fund posted a 49.18% return, reflecting strategic positioning across key sectors of the Nigerian stock market.
Meristem Wealth Management has long maintained a strong presence in Nigeria’s investment management industry, and the fund’s performance further reinforces investor confidence in actively managed equity products.
PACAM Equity Fund – 48.99% YTD Return
Rounding out the top ten is the PACAM Equity Fund with a 48.99% return. Although it narrowly missed the 50% mark, the fund still delivered one of the strongest performances within the entire equity mutual fund category. Its inclusion among the top-performing funds underscores the broader strength of the sector in 2026.
THE ISSUES
The remarkable rise of equity mutual funds is occurring at a time when Nigeria’s economic environment remains deeply challenging. Inflation continues to pressure household purchasing power, while currency volatility and elevated living costs have forced many Nigerians to rethink how they preserve and grow wealth.
For years, money market funds dominated the mutual fund industry because of their relatively low risk and stable yields. According to market data, the money market segment still accounts for the largest portion of Nigeria’s mutual fund industry. Investors traditionally viewed these instruments as safer options during periods of economic uncertainty.
However, inflation has significantly altered investor behaviour. As prices continue rising, more investors are beginning to realise that conservative returns may no longer be sufficient to protect long-term wealth. This has increased interest in equity-based investments capable of generating stronger real returns. Still, the shift toward equity funds comes with important risks.
Unlike money market funds, equity funds are directly exposed to stock market fluctuations. Returns can swing sharply depending on corporate earnings, investor sentiment, monetary policy, foreign exchange developments, and broader economic conditions. Financial advisers continue to stress that equity mutual funds are generally better suited for long-term investors with higher risk tolerance.
Short-term market volatility remains an unavoidable reality. Another issue is investor education.
Many first-time investors are attracted by headline returns without fully understanding how mutual funds work, how portfolio allocation affects risk, or the difference between short-term performance and long-term consistency.
Investment analysts frequently caution that past performance does not guarantee future returns. A number of market participants and retail investors discussing mutual fund performance online have repeatedly highlighted the importance of patience, diversification, and long-term investing rather than chasing short-term gains.
Discussions across investment communities and financial forums also reflect growing awareness among younger investors that professionally managed funds may offer more structure and discipline compared with speculative trading or emotional stock picking.
Another important issue is concentration. The top 10 equity mutual funds collectively manage N88.31 billion, representing approximately 40.82% of the entire equity mutual fund segment.
That concentration suggests investor capital is increasingly flowing toward a relatively small number of high-performing funds. While this may reflect investor confidence in established fund managers, it also highlights the intense competition within Nigeria’s relatively small equity mutual fund industry.
WHAT’S BEING SAID
Analysts within Nigeria’s investment industry continue to describe 2026 as one of the strongest periods for equity-based investments in recent years. The rally across banking, industrial, and energy stocks has created favourable conditions for actively managed equity funds.
Several market observers have pointed to reforms within Nigeria’s foreign exchange market, stronger banking sector earnings, and renewed investor activity on the Nigerian Exchange as major drivers behind the performance surge. Industry discussions also increasingly focus on the role mutual funds can play in expanding financial inclusion and improving long-term wealth creation among retail investors.
Some analysts believe the rapid growth in unitholders demonstrates rising financial literacy and increasing awareness of investment products beyond traditional savings accounts. At the same time, experts continue to warn investors against making decisions solely based on short-term returns. Fund managers and investment advisers repeatedly emphasise the importance of understanding risk profiles, investment horizons, management fees, and portfolio composition before committing capital.
There is also growing conversation around the future structure of Nigeria’s investment market. As more young Nigerians embrace digital investment platforms and mobile financial services, analysts expect participation in mutual funds to continue rising over the next few years.
The expansion of fintech-driven investment access is making it easier for retail investors to enter markets that were previously dominated by institutional players and high-net-worth individuals.
WHAT’S NEXT
The outlook for Nigeria’s equity mutual fund industry will depend heavily on broader market conditions during the remainder of 2026. If Nigerian equities maintain their current momentum, investor participation in equity funds could continue expanding rapidly.
The banking sector is expected to remain one of the key drivers of market performance, particularly as investors continue monitoring earnings growth, recapitalisation activities, and dividend payouts. Industrial and energy companies are also likely to remain central to fund allocations.
At the same time, market volatility remains a major factor. Global oil prices, exchange-rate movements, inflation trends, and monetary policy decisions from the Central Bank of Nigeria will continue influencing investor sentiment. Potential regulatory developments from the Securities and Exchange Commission could also shape the future direction of the mutual fund industry.
Another major trend to watch is digital investment adoption. Fintech platforms and online wealth management services are increasingly simplifying access to investment products for younger Nigerians.
This could significantly expand the retail investor base over the next few years. Industry analysts also expect stronger competition among fund managers as firms attempt to attract new investors through performance, transparency, digital accessibility, and lower entry barriers. The race for investor confidence within Nigeria’s mutual fund industry is becoming more intense.
BOTTOM LINE
Nigeria’s equity mutual fund market is no longer operating quietly in the background of the financial industry. The extraordinary returns recorded by several funds in 2026 have pushed the segment into the spotlight and sparked renewed investor interest in equities. With the sector’s Net Asset Value climbing above N216 billion and unitholder participation approaching 100,000 investors, the industry is entering a new phase of visibility and growth.
The performance of funds such as Zedcrest Equity Fund, ZroskMagna Equity Fund, and Paramount Equity Fund reflects both the opportunities and risks that define equity investing.
For investors seeking stronger long-term wealth creation, equity mutual funds are increasingly becoming difficult to ignore. But the sector’s rapid growth also reinforces a critical reality: high returns come with higher risk.
As more Nigerians search for ways to stay ahead of inflation and build long-term financial security, the balance between opportunity and risk will remain central to the future of Nigeria’s evolving investment landscape.
Dr. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), says the Nigeria First policy prioritizes local firms without excluding foreign investors.
The policy applies domestic preference to sectors including automobile, furniture, information technology, and apparel.
Local firms must still meet global quality standards and remain competitive to receive consideration.
Projects valued below N50 million will soon be reserved exclusively for SMEs within the local community where the project is located.
The BPP is enforcing stricter contractor classification to ensure firms grow progressively based on their verified capacity.
Main Story
The Bureau of Public Procurement (BPP) has clarified that the federal government’s Nigeria First policy is a strategic measure to bolster domestic industry rather than a move toward isolationism.
Speaking in Abuja on Sunday, May 10, 2026, Director-General Dr. Adebowale Adedokun explained that the policy grants qualified local firms the “first offer of refusal” for government projects.
He emphasized that while the law allows for domestic preference, Nigeria remains an active participant in the global economy, and foreign businesses are still permitted to compete where local capacity is unavailable or non-competitive.
Adedokun noted that the policy is being implemented through legal instruments rather than just executive orders, giving it stronger enforcement backing.
The bureau is currently sectorizing these preferences, with a strict mandate that government agencies must prioritize Nigerian-assembled vehicles and locally manufactured furniture and apparel.
Furthermore, a new community-based procurement initiative will reserve all projects valued under N50 million for small and medium enterprises (SMEs) situated within the immediate locality of the project, preventing outside contractors from taking smaller community jobs.
The Issues
Local firms often struggle to match the technical scale of international conglomerates, making “capacity building” a critical prerequisite for the policy’s success.
There is a risk that “domestic preference” could be misinterpreted as a guaranteed contract, potentially leading to a drop in quality if competitiveness is not strictly enforced.
Implementing community-based procurement for projects under N50 million requires robust local monitoring to ensure funds are used effectively by neighborhood SMEs.
What’s Being Said
“We are not shutting out foreign businesses. The law allows us to have what is called domestic preference,” stated Dr. Adebowale Adedokun.
“The option we are giving is to say, can we give Nigerians the first offer of refusal in partaking in those projects?” Adedokun added.
Regarding the N50 million cap, he noted: “A contractor from Abuja cannot go to another community and collect such jobs.”
What’s Next
The BPP will soon officially unveil the operational guidelines for community-based procurement across the country.
Increased collaboration with agencies like NASENI and the Bank of Industry will continue to support local production in the solar and electric vehicle sectors.
Stricter contractor classification will be enforced to ensure firms only bid for projects that match their documented experience level.
Bottom Line
The Nigeria First policy seeks to turn public procurement into a lever for local industrial growth, provided Nigerian firms can meet the high standards required to compete on the global stage.
Nigeria’s external reserves declined by approximately $855 million between April 1 and May 7, 2026.
Data from the Central Bank of Nigeria (CBN) showed reserves fell from $49.18 billion to $48.33 billion within the five-week period.
Despite the decline, reserve levels remain more than $10 billion higher than the same period in 2025.
Analysts say the reserves remain critical for naira stability, import financing, debt obligations, and investor confidence.
Main Story
Nigeria’s external reserves recorded a sustained decline over the past five weeks, shedding about $855 million amid renewed pressure in the foreign exchange market.
Latest figures released by the Central Bank of Nigeria showed that gross external reserves fell from $49.18 billion on April 1, 2026, to $48.33 billion as of May 7, 2026.
The decline represents a drop of about 1.74% over a 36-day period and signals mounting demand pressure on Nigeria’s foreign exchange buffers despite ongoing monetary and foreign exchange reforms.
According to the CBN data, reserves fell consistently throughout April. The balance declined from $49.133 billion on April 2 to $48.940 billion on April 7 before dropping further to $48.675 billion by April 15. External reserves later weakened to $48.541 billion on April 20 and closed the month at $48.364 billion before settling at $48.325 billion on May 7.
The latest depletion comes after months of relative improvement in Nigeria’s reserve position, driven largely by reforms introduced under the administration of Bola Ahmed Tinubu, and tighter monetary policy measures implemented by the apex bank.
Foreign portfolio inflows, improved oil export earnings, reduced import demand, and efforts to improve transparency in the foreign exchange market had previously supported reserve accretion. The reserves had earlier climbed above $50 billion in March 2026, marking one of the country’s strongest reserve positions in recent years before the latest reversal.
However, despite the recent decline, Nigeria’s reserve position remains significantly stronger on a year-on-year basis. CBN figures showed reserves stood at $38.17 billion in early April 2025 and declined to $37.93 billion by the end of that month. This means current reserve levels are still more than $10 billion higher compared to the same period last year.
What’s Being Said
Market analysts say the decline in reserves may reflect increased foreign exchange interventions, external debt servicing obligations, and sustained demand for dollars from importers and investors.
Economists also note that reserve movements are closely monitored by investors because they provide a measure of the country’s ability to defend the naira, finance imports, and meet international payment obligations.
“External reserves remain one of the strongest indicators of macroeconomic stability and investor confidence in emerging markets,” analysts at several Lagos-based investment firms have noted in recent market commentaries.
The CBN has not yet issued an official explanation for the latest depletion in reserves.
What’s Next
Attention will now shift to whether Nigeria can sustain foreign exchange inflows through stronger crude oil earnings, increased non-oil exports, diaspora remittances, and renewed foreign investor participation.
The CBN had previously projected that external reserves could rise to $51 billion by the end of 2026 as part of its medium-term macroeconomic stabilisation strategy.
Analysts expect the apex bank to continue balancing exchange-rate stability with liquidity management as authorities attempt to sustain confidence in the foreign exchange market.
Bottom Line
Although Nigeria’s external reserves have declined sharply over the past five weeks, the country’s reserve position remains considerably stronger than last year’s levels. The latest trend, however, highlights the continuing pressure on Nigeria’s foreign exchange market and the importance of sustained inflows to preserve naira stability and broader investor confidence.
The Federal Executive Council (FEC) approved three Public-Private Partnership (PPP) projects focused on transport data and port energy.
A Smart National Transport Data Bank will be developed under the Nigerian Institute of Transport Technology (NITT).
Two Independent Power Projects (IPPs) were approved for the Onne and Apapa Port Complexes.
The Onne Port project features a 50-megawatt power plant, while Apapa will receive a 36-megawatt hybrid energy system.
Dr. Jobson Ewalefoh, Director-General of the ICRC, stated the projects aim to unlock private capital and improve trade efficiency.
Main Story
The Federal Executive Council has granted approval for three strategic infrastructure projects to be executed through Public-Private Partnerships.
Announced by the Infrastructure Concession Regulatory Commission (ICRC) on Sunday, the projects are designed to modernize Nigeria’s transport intelligence and stabilize energy supply in major maritime hubs.
The ICRC conducted the required due diligence and certified the business cases before the FEC presentation, marking a push toward structured private sector involvement in national development.
The Smart National Transport Data Bank will serve as a digital intelligence platform, integrating data from road, rail, air, and marine systems.
It will utilize vehicle tagging and automated number plate recognition to aid traffic management and government planning. In the maritime sector, the new IPPs at Onne and Apapa are intended to eliminate operational bottlenecks caused by unreliable electricity.
By providing dedicated power to these ports and the surrounding free zones, the government aims to lower energy costs and strengthen Nigeria’s competitive edge as a regional trade hub.
The Issues
Reliable transport data is currently a major deficit in Nigeria, often leading to poorly planned infrastructure investments and weak enforcement.
Port operations at Apapa and Onne have long been hampered by high energy costs and frequent outages, which increase the overall cost of doing business.
The success of these PPPs depends on the ICRC’s ability to maintain regulatory oversight and ensure private partners deliver on the agreed-upon technical specifications.
What’s Being Said
“Nigeria’s biggest transport challenge is not just infrastructure; it is the lack of reliable, usable data,” stated Dr. Jobson Ewalefoh.
“These are not just power projects; they are productivity enablers,” Ewalefoh added regarding the port IPPs.
The ICRC noted that the approvals represent a “deliberate shift” toward unlocking private capital for measurable economic impact.
What’s Next
The NITT will begin the rollout of the digital data platform, including the installation of tracking and tagging technologies.
Construction on the 50MW Onne power plant and the 36MW Apapa hybrid system is expected to commence following final contractual signings.
The ICRC will monitor the implementation phases to ensure compliance with global best practices and value for money.
Bottom Line
By approving a national transport data bank and dedicated port power plants, the federal government is prioritizing data-driven planning and energy reliability to stimulate industrial growth.
Nigerian ports saw ocean-going vessel Gross Registered Tonnage (GRT) rise by 19.5% to 46.75 million in Q1 2026.
Total cargo throughput increased by 11.6% to 32.38 million metric tonnes, driven by Lekki Deep Sea Port and AfCFTA activities.
Outward laden containers grew by 67.6%, while transshipment containers surged by 83.1%.
A $1 billion overhaul of the Lagos Port Complex and Tin Can Island Port is currently underway.
Despite holding 60% of regional GDP, Nigeria currently handles only 25% of West Africa’s cargo.
Main Story
The Nigerian Ports Authority (NPA) has reported significant growth across key performance metrics for the first quarter of 2026. Managing Director Abubakar Dantsoho attributed the surge to port reforms, increased vessel sizes, and expanded regional trade.
Gross Registered Tonnage (GRT) for ocean-going vessels reached 46.75 million, a nearly 20% increase from the previous year.
This growth was particularly evident in container traffic, with outward laden containers jumping by 67.6% and transshipment volumes climbing by 83.1%, signaling Nigeria’s strengthening position as a regional transit hub.
To sustain this momentum, the federal government has initiated a $1 billion overhaul of the Lagos Port Complex and Tin Can Island Port. Minister of Marine and Blue Economy, Adegboyega Oyetola, confirmed that procurement is also ongoing for upgrades at the Warri, Port Harcourt, Onne, and Calabar ports.
The administration is banking on digitalization through the Port Community System and the National Single Window project to reduce delays and costs.
Dantsoho emphasized that while Nigeria dominates the region’s GDP, the goal is to close the gap in cargo handling, where the country still only manages a quarter of West Africa’s total volume.
The Issues
Bridging the “GDP-Cargo Gap” remains a priority; Nigeria’s economy is the largest in West Africa, yet port capacity has historically lagged behind regional competitors.
Integrating rail and inland dry ports is critical to solving the “last mile” problem of cargo evacuation and reducing congestion in port cities.
Sustaining the zero-piracy record under the Deep Blue Programme is essential for maintaining the confidence of international shipping lines and keeping insurance premiums low.
What’s Being Said
“Ports must evolve beyond old limits. Efficiency, speed and reliability will determine who leads African trade,” stated NPA Managing Director Abubakar Dantsoho.
“The time has come to fully utilise our marine resources. Ports can drive major economic growth if properly harnessed,” Dantsoho added.
Minister Adegboyega Oyetola noted that the National Single Window will help “reduce delays, lower costs and improve transparency in port operations.”
What’s Next
The $1 billion infrastructure overhaul in Lagos and Tin Can Island will move into more intensive construction phases following the signed MoU.
Implementation of the National Single Window is expected to go live in stages to begin digitizing port clearances.
Stakeholders will monitor whether the surge in transshipment containers leads to Nigeria becoming the primary hub for landlocked neighbors under AfCFTA.
Bottom Line
Record-breaking growth in Q1 2026 indicates that Nigeria’s maritime sector is rebounding, but the success of the $1 billion modernization plan will be the true test of its ability to lead West African trade.
President Bola Ahmed Tinubu has arrived in Nairobi for the Africa Forward Summit focused on investment and sustainable development
The summit is co-hosted by Kenyan President William Ruto and French President Emmanuel Macron.
Tinubu is expected to hold bilateral and multilateral engagements aimed at strengthening Nigeria’s diplomatic and economic partnerships across Africa.
Main story
President Bola Ahmed Tinubu arrived in Nairobi early Monday to participate in the Africa Forward Summit, a high-level gathering focused on investment, innovation, and sustainable development across the African continent.
According to a statement issued in Nairobi by the presidential spokesperson, Bayo Onanuga, the presidential aircraft landed at the Jomo Kenyatta International Airport at about 12:18 a.m. local time.
Tinubu was received by Kenya’s Cabinet Secretary for Foreign and Diaspora Affairs, Musalia Mudavadi, alongside Kenya’s High Commissioner to Nigeria, Isaac Parashina, senior Kenyan government officials, and members of Nigeria’s diplomatic mission in Nairobi.
The Africa Forward Summit, co-hosted by Kenyan President William Ruto and French President Emmanuel Macron, brings together African leaders, policymakers, investors, development institutions, and global stakeholders to deliberate on economic growth, innovation, infrastructure development, and strategic continental partnerships.
Tinubu’s participation at the summit is expected to reinforce Nigeria’s commitment to promoting African unity, deepening regional economic cooperation, and advancing strategic partnerships aimed at accelerating sustainable development and infrastructure expansion across the continent.
The summit is expected to focus on key issues including economic transformation, digital innovation, trade integration, climate resilience, infrastructure financing, and practical solutions designed to enhance long-term prosperity throughout Africa.
During the summit, the Nigerian president is expected to engage in bilateral and multilateral meetings aimed at strengthening Nigeria’s diplomatic and economic relations with African nations and international development partners.
The presidency said Tinubu’s attendance reflects the administration’s commitment to promoting African-led solutions to continental challenges while advancing the Renewed Hope Agenda through strategic diplomacy, investment partnerships, and international cooperation.
Accompanying the president are the Minister of Foreign Affairs, Bianca Ojukwu; the Minister of Agriculture and Food Security, Abubakar Kyari; and the Minister of Marine and Blue Economy, Adegboyega Oyetola.
Other members of the delegation include the Minister of Environment, Balarabe Lawal; the Minister of Industry, Trade and Investment, Jumoke Oduwole; and the Minister of Communications, Innovation and Digital Economy, Bosun Tijani.
Also on the delegation are Ambassador Sola Enikanolaiye, Mrs Omotenioye Majekodunmi, and Nigeria’s Ambassador to France, Ayodele Oke, alongside senior government officials involved in diplomacy, climate policy, and investment promotion.
The issues
African economies continue to face mounting challenges linked to infrastructure deficits, climate change, limited industrialisation, unemployment, and constrained access to development financing.
Stakeholders say stronger regional cooperation, increased intra-African trade, and strategic investment partnerships are critical to unlocking the continent’s economic potential and reducing dependence on external markets.
Nigeria’s participation in continental investment and development forums also comes amid ongoing efforts to attract foreign investment, improve trade relations, and strengthen its leadership role within Africa.
What’s being said
The Nigerian presidency says the summit provides an opportunity for Nigeria to deepen diplomatic relations, attract investment, and contribute to discussions on Africa’s long-term development priorities.
Development experts believe the forum could strengthen collaboration between African governments and international partners in areas such as infrastructure, climate resilience, digital innovation, and trade expansion.
Observers also say the summit reflects increasing efforts by African leaders to pursue home-grown solutions to economic and development challenges facing the continent.
What’s next
President Tinubu is expected to participate in high-level discussions, policy dialogues, and strategic meetings throughout the summit.
Nigeria may also pursue new bilateral agreements and investment partnerships in sectors including agriculture, technology, infrastructure, climate action, and maritime development.
Outcomes from the summit are expected to shape future regional cooperation initiatives and economic partnerships across Africa and beyond.
Bottom line
President Tinubu’s participation in the Africa Forward Summit underscores Nigeria’s efforts to strengthen its diplomatic influence, promote regional cooperation, and attract strategic investments aimed at driving sustainable development across Africa.
Ismaeel Ahmed, Executive Chairman of Pi-CNG and EV, stated that operators under the initiative must adhere to reduced fare structures nationwide.
The directive follows complaints from commuters in the Federal Capital Territory (FCT) regarding non-compliance by airport taxis and commercial buses.
Participating operators have signed formal agreements to maintain lower pricing in exchange for project benefits.
Monitoring personnel have been deployed to transport routes, and reporting channels are open for passenger complaints.
Ahmed acknowledged that enforcement remains a challenge due to manpower limitations and price hikes occurring in the absence of officials.
Main Story
The Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG and EV) has reaffirmed that transport operators integrated into its scheme are legally bound to charge reduced fares.
Speaking to the News Agency of Nigeria (NAN), Executive Chairman Ismaeel Ahmed addressed rising concerns from passengers who allege that many CNG-powered vehicles are charging rates inconsistent with the initiative’s goals.
Ahmed clarified that every operator signed a pricing agreement upon joining the program, designed to pass the cost-savings of cheaper fuel directly to commuters.
To ensure compliance, the initiative has deployed monitoring teams across major routes, though Ahmed admitted that “manpower limitations” hinder constant oversight.
He noted a recurring trend where operators return to higher prices once monitoring officials leave the area, a challenge he stated is not limited to Abuja but exists across Nigeria.
To combat this, the initiative is expanding its route coverage including areas like Kubwa, and strengthening partnerships to improve enforcement. Passengers are encouraged to use established reporting channels to submit verified complaints against non-compliant drivers.
The Issues
The disparity between official fare agreements and actual prices charged at parks often leaves commuters vulnerable to arbitrary hikes.
Limited enforcement personnel makes it difficult to maintain consistent pricing across the vast network of urban and interstate transport routes.
Strategic expansion to new routes is required to create enough competition to naturally drive down fares through the availability of CNG alternatives.
What’s Being Said
“There is an existing agreement with all operators signed up with us to maintain reduced pricing structures,” stated Ismaeel Ahmed.
“Once we are not there, people increase their prices, and when we are there, they leave it reduced,” Ahmed noted regarding enforcement hurdles.
“The media has an important role in ensuring the public continues to benefit from this intervention,” he added, calling for increased public awareness.
What’s Next
Pi-CNG and EV will continue expanding service delivery to routes like Kubwa to increase the volume of compliant vehicles.
Monitoring mechanisms are expected to be refined, potentially integrating more digital reporting tools for commuters.
Strategic partners and transport unions will likely face increased pressure to self-regulate members who violate signed pricing agreements.
Bottom Line
While the Pi-CNG initiative provides the infrastructure for cheaper transport, its success currently hinges on overcoming the enforcement gaps that allow operators to bypass agreed-upon fare reductions.
Brent crude rose above $105 per barrel amid renewed geopolitical tensions.
US-Iran negotiations over the Strait of Hormuz showed little progress.
Concerns over possible disruptions to global oil supply pushed prices higher.
Market fears intensified following comments from US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu.
Main Story
Global oil prices surged on Monday after renewed tensions between the United States and Iran weakened hopes of a diplomatic breakthrough over the Strait of Hormuz, raising fears of possible disruptions to global crude supply.
International benchmark Brent crude climbed to $105.55 per barrel as of 9:26 a.m. local time, representing a 4.2% increase from the previous session’s close of $101.29.
US benchmark West Texas Intermediate also gained sharply, rising about 4.9% to $100.06 per barrel from $95.42 recorded previously.
The rally followed a series of conflicting proposals and counterproposals between Washington and Tehran over regional security arrangements and maritime access through the Strait of Hormuz, one of the world’s most critical oil transit routes.
The Strait of Hormuz remains strategically important to global energy markets, with roughly one-fifth of the world’s petroleum liquids supply transported through the waterway daily. Any disruption along the route often triggers immediate volatility in global oil markets.
Investor concerns intensified after Israeli Prime Minister Benjamin Netanyahu, Prime Minister of Israel, stated that the conflict with Iran was “not over,” warning that Tehran still possesses enriched uranium.
“I think it accomplished a great deal. But it’s not over because there’s still nuclear material, enriched uranium, that has to be taken out of Iran,” Netanyahu said during an interview aired on CBS News.
The comments reinforced market expectations that tensions in the Middle East may persist longer than previously anticipated.
Meanwhile, Donald Trump, President of the United States rejected Iran’s latest response to a proposed US-backed peace framework.
“I have just read the response from Iran’s so-called ‘Representatives.’ I don’t like it — TOTALLY UNACCEPTABLE!” Trump wrote on his social media platform, Truth Social.
Iranian state media later reported that Tehran had submitted a counterproposal through Pakistani mediators, demanding compensation from the United States, the lifting of sanctions, and the release of frozen Iranian assets abroad.
Iran also reportedly reaffirmed its sovereignty over the Strait of Hormuz and rejected what it described as excessive demands from Washington.
Energy analysts say the latest developments have increased concerns that geopolitical risks could continue to pressure crude markets despite relatively high global inventories and slower demand growth in some major economies.
What’s Being Said
Market analysts noted that traders remain highly sensitive to developments involving the Strait of Hormuz because of its central role in global oil transportation.
Several energy market observers also warned that any escalation involving Iran could further tighten global supply conditions and place additional upward pressure on fuel prices worldwide.
Oil-producing countries within the Organization of the Petroleum Exporting Countries,OPEC oil producers groupand allied producers are also closely monitoring developments as geopolitical uncertainty continues to shape market sentiment.
What’s Next
Investors are expected to closely watch diplomatic engagements between Washington and Tehran in the coming days for signs of either escalation or renewed negotiations.
Energy traders will also monitor shipping activity around the Strait of Hormuz, alongside any potential policy responses from major oil producers and consuming nations.
Further escalation could push oil prices higher and reignite inflation concerns across several economies already dealing with elevated energy costs.
Bottom Line
Oil markets remain highly vulnerable to geopolitical tensions in the Middle East. With negotiations between the United States and Iran showing limited progress, fears of supply disruptions through the Strait of Hormuz are continuing to drive volatility and support higher crude prices.
Vehicle imports into Nigeria rose by 67% in the first quarter of 2026.
The Nigerian Ports Authority handled 58,870 vehicle units, up from 35,262 units in Q1 2025.
Cargo throughput climbed 11.6% year-on-year to 32.38 million metric tons.
Export container traffic and transshipment activities recorded significant growth amid ongoing port reforms.
Main Story
Nigeria’s maritime sector recorded strong growth in the first quarter of 2026, with vehicle imports jumping 67% year-on-year as reforms across the country’s ports continued to boost trade activity and cargo efficiency.
According to the Nigerian Ports Authority’s Q1 2026 Operational Performance Review, total vehicle units handled across Nigerian ports rose to 58,870 during the period, compared with 35,262 units recorded in the corresponding quarter of 2025.
The NPA also reported a sharp increase in Gross Registered Tonnage for ocean-going vessels, which climbed 19.5% to 46.75 million. The development reflects increasing deployment of larger-capacity vessels to Nigerian ports, particularly following the operational expansion of the Lekki Deep Seaport and ongoing efforts to position Nigeria as a major regional trade hub under the African Continental Free Trade Area.
The authority said the growth in vessel tonnage signals stronger confidence among international shipping companies in Nigeria’s maritime infrastructure and cargo-handling capacity.
Total cargo throughput, excluding crude oil terminals, increased by 11.6% year-on-year to 32.38 million metric tons from 29.02 million metric tons recorded in Q1 2025.
The report attributed the increase to stronger import and export activity, improved port productivity, rising trade volumes, and sustained demand for port services.
Export-related operations recorded some of the strongest performances during the quarter. Outward cargo traffic surged 23.7% to 14.13 million metric tons, while outward laden container traffic rose 67.6% from 61,332 twenty-foot equivalent units in Q1 2025 to 102,803 TEUs in Q1 2026.
Transshipment container activity also expanded significantly, recording an 83.1% increase during the period as Nigeria strengthened its role within regional maritime logistics networks.
Industry analysts say the performance reflects the combined impact of infrastructure upgrades, digitalisation initiatives, improved terminal efficiency, and stronger regional trade integration.
In recent years, the Federal Government has accelerated investment in port modernisation projects, rail connectivity, inland dry ports, barging operations, and export corridors aimed at reducing congestion and improving cargo evacuation around major port corridors.
The government is also implementing the Port Community System and the National Single Window platform to streamline cargo clearance processes, reduce turnaround time, improve transparency, and lower logistics costs for importers and exporters.
What’s Being Said
“The time has come for a paradigm shift in the structure of Nigeria’s economy towards the full utilisation of our marine resources. Our port system, if properly harnessed, can serve as a major driver of economic growth,” said Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, Managing Director of Nigerian Ports Authority.
Dantsoho added that efficiency, innovation, speed, and reliability would determine which African countries emerge as dominant cargo and logistics hubs under the AfCFTA framework.
The NPA stated that Nigeria’s maritime ecosystem is becoming increasingly cargo-intensive and commercially dynamic, strengthening its ability to support economic growth, regional connectivity, and trade facilitation.
What’s Next
Maritime stakeholders expect further growth in cargo volumes and vehicle imports as the government intensifies infrastructure upgrades and expands digital reforms across the nation’s ports.
Analysts also anticipate stronger competition among West African ports as countries position themselves to capture a larger share of regional cargo flows under AfCFTA.
The continued expansion of Lekki Deep Seaport operations, alongside rail integration and inland logistics development, is expected to play a critical role in improving efficiency and attracting larger shipping lines into Nigeria.
Bottom Line
Nigeria’s ports are recording stronger trade activity as infrastructure upgrades and operational reforms begin to reshape the maritime sector. Rising vehicle imports, increased cargo throughput, and stronger export traffic indicate growing confidence in the country’s port system and its ambitions to become a leading regional trade and logistics hub.
The central parity rate of the Chinese Yuan strengthened by 35 pips to 6.8467 against the U.S. dollar on Monday, May 11, 2026.
Data from the China Foreign Exchange Trade System (CFETS) indicates this move reflects a weighted average of market maker quotes.
The Yuan is permitted to fluctuate within a specific trading band around this daily reference rate.
In the spot market, the currency is allowed to rise or fall by 2% from the central parity rate each trading day.
Main Story
The Chinese Yuan saw a modest appreciation on Monday morning, with the central parity rate set 35 pips stronger at 6.8467 per dollar.
This daily reference rate, managed by the China Foreign Exchange Trade System (CFETS), serves as the anchor for onshore trading.
The rate is calculated using a weighted average of prices submitted by market makers before the interbank market opens, taking into account the previous day’s closing price and movements in other major global currencies.
Under China’s managed floating exchange rate system, the Yuan’s spot exchange rate is restricted to a 2% range above or below the central parity rate during any single trading session.
This mechanism is designed to prevent excessive volatility while allowing the currency to respond to broader market forces. The recent strengthening of the parity rate aligns with the People’s Bank of China’s (PBOC) ongoing efforts to maintain currency stability amid fluctuating international economic conditions.
The Issues
Maintaining a 2% daily trading band requires constant monitoring by the central bank to ensure market forces do not push the currency beyond regulatory limits.
The reliance on a “weighted average of prices” from market makers gives the central bank a degree of discretionary control over the daily fixing, which can influence investor sentiment.
Global trade tensions and domestic economic performance continue to exert pressure on the Yuan’s valuation against the dollar.
What’s Being Said
The China Foreign Exchange Trade System confirmed the 35-pip shift, noting it follows standard daily calculation procedures.
Market analysts suggest the 6.8467 level reflects a balanced approach to currency management in the current global FX environment.
Observers note that the 2% fluctuation limit remains a key tool for the PBOC to manage capital flows and domestic financial stability.
What’s Next
CFETS will continue to announce the central parity rate each business day at approximately 9:15 a.m. local time.
Traders will monitor whether the Yuan stays near the stronger end of its 2% band as international markets react to the latest fixing.
Future policy shifts regarding the width of the trading band may be considered if global market volatility increases significantly.
Bottom Line
The Yuan’s slight strengthening to 6.8467 against the dollar reinforces the PBOC’s commitment to a managed exchange rate within a strictly defined daily 2% fluctuation window.
The Joint Admissions and Matriculation Board has announced that candidates seeking admission into Education and Agriculture-related non-engineering courses will no longer be required to sit for the UTME.
The decision was disclosed during JAMB’s ongoing 2026 admission policy meeting.
The move signals a major shift in Nigeria’s tertiary admission process and could create alternative admission pathways for affected candidates.
Main story
The Joint Admissions and Matriculation Board (JAMB) has announced that candidates seeking admission into Education programmes and Agriculture-related non-engineering courses will no longer be required to sit for the Unified Tertiary Matriculation Examination (UTME).
The examination body disclosed the development in a statement shared on its official X handle during its ongoing policy meeting on admissions held on Monday.
“Candidates seeking admissions into Education Programmes and Agriculture non-Engineering Courses are now exempted from UTME,” the board stated.
The decision marks a significant shift in Nigeria’s tertiary admission system, where the UTME has traditionally served as the standard entrance examination for admission into universities, polytechnics, and colleges of education nationwide.
The annual policy meeting organised by JAMB typically determines guidelines for admissions into tertiary institutions, including minimum cut-off marks, admission procedures, and policy directions for the academic session.
Although exemptions from the UTME are not entirely new — particularly for Direct Entry applicants and certain special categories — the latest waiver represents one of the broadest admission policy adjustments introduced by the board in recent years.
The development is expected to affect candidates seeking admission into education-related disciplines and agriculture programmes outside engineering fields, potentially allowing institutions to adopt alternative admission processes such as screening exercises and consideration of other academic qualifications.
In recent years, Education and Agriculture courses have generally recorded lower admission demand and cut-off marks compared to highly competitive programmes such as Medicine, Law, and Engineering.
The latest move is therefore being viewed by stakeholders as part of broader efforts to encourage enrolment into critical sectors linked to teaching, food security, and national development.
Earlier reports had indicated that JAMB was expected to decide the 2026 UTME cut-off marks during Monday’s policy meeting.
THE ISSUES
Nigeria’s education sector has long faced concerns over declining interest in teaching-related programmes and shortages of qualified educators across different levels of the educational system.
Similarly, stakeholders in the agricultural sector have repeatedly raised concerns about low youth participation in agriculture-related courses despite growing national attention on food security and agricultural development.
Experts say the high-pressure nature of the UTME process and intense competition for admission into tertiary institutions have discouraged many prospective candidates from pursuing less competitive but nationally important disciplines.
There are also concerns about how institutions will implement the exemption policy and maintain admission standards without the UTME as a uniform assessment mechanism.
What’s being said
Education stakeholders say the policy could help increase enrolment into Education and Agriculture programmes, especially in public institutions struggling with low student intake in those fields.
Some analysts believe the decision may also reduce barriers to higher education for candidates interested in sectors considered critical to Nigeria’s long-term socio-economic development.
However, others have called for clearer implementation guidelines to prevent confusion among candidates and ensure transparency in the admission process.
What’s next
JAMB is expected to provide further clarification on the modalities for admission into the affected programmes, including the alternative requirements institutions may adopt.
The board is also anticipated to announce the official 2026 UTME cut-off marks following the conclusion of its policy meeting.
Universities, colleges of education, and other tertiary institutions may subsequently adjust their admission procedures to align with the new policy direction.
Bottom line
JAMB’s decision to exempt candidates seeking admission into Education and Agriculture-related non-engineering courses from the UTME represents a major policy shift in Nigeria’s tertiary admission system. While the move is expected to boost enrolment in critical sectors, stakeholders say its success will depend on transparent implementation and effective coordination between the examination body and tertiary institutions.
Both diseases trace their origins to rodents — but they diverge sharply on biology, transmission, geography, and epidemic potential. The distinction matters for public health, clinical triage, and outbreak communication.
The Big Picture
Lassa fever and hantavirus disease share one epidemiological surface: both are contracted through contact with infected rodents. That similarity has generated real public confusion, particularly during outbreak alerts in Nigeria. But the two diseases are caused by unrelated viruses, carried by different rodent species, concentrated in different geographies, and dangerous in fundamentally different ways. Understanding those differences shapes how health workers triage patients, how communicators frame risk, and how policymakers allocate response resources.
Why It Matters
Nigeria records Lassa fever cases virtually every year, with outbreaks concentrated in Edo, Ondo, and Bauchi states. The NCDC tracks it as a priority disease. Hantavirus has no documented endemic transmission in Nigeria — but as global awareness of zoonotic diseases rises, the risk of public conflation grows. The consequences are practical: clinicians who mistake one for the other risk misapplying scarce treatment resources; communicators who blur the two undermine the specific behavioural changes that reduce transmission risk for each.
What you need to know
The pathogens: Lassa fever is caused by the Lassa virus, a member of the Arenaviridae family. Hantavirus disease is caused by a separate genus within the Hantaviridae family, with multiple distinct strains — Sin Nombre in North America, Seoul virus worldwide, Puumala in Europe, and Andes in South America. They are not related viruses. Both happen to use rodents as their host, but that is a coincidence of ecology, not shared ancestry.
The rodent reservoir: Lassa virus is carried almost exclusively by the multimammate rat (Mastomys natalensis), a prolific West African species that contaminates food stores and tolerates human habitation. Hantaviruses are carried by a broader range of rodents depending on strain and geography. In both cases, the infected rodent remains asymptomatic while shedding the virus chronically.
How transmission actually works: Both viruses enter humans primarily through exposure to infected rodent excreta — urine, faeces, or saliva. Beyond that, the transmission profiles diverge sharply. Lassa fever can spread person to person through direct contact with blood or bodily fluids of an infected patient. This is what makes Lassa capable of spreading inside hospitals — a single admitted patient can seed infections among health workers and other patients if protective protocols are not strictly observed.
Hantavirus, with one significant exception, does not transmit between humans. The exception is the Andes strain and it is precisely this strain that CDC and WHO have confirmed is responsible for the ongoing outbreak aboard the MV Hondius, a Dutch-flagged cruise ship that departed Argentina on 1 April 2026. As of early May, seven cases had been identified, including three deaths, with illness characterised by rapid progression to pneumonia and acute respiratory distress.
WHO has assessed the broader public health risk as low, but the outbreak illustrates why the Andes strain warrants separate treatment: its capacity for human-to-human transmission, though limited to close contact, fundamentally changes its containment profile.
Dr. Ore Ajayi, a Lagos-based general practitioner, notes that environmental conditions are a primary risk factor for both diseases, since rodent access to living spaces, food stores, and water sources creates the exposure opportunity in either case. He advises consistent environmental cleanliness as the most direct upstream intervention, alongside maintaining personal hygiene and keeping food, especially leftovers — well covered or refrigerated to prevent rodent contamination.
Clinical presentation: Lassa fever begins with nonspecific symptoms — fever, malaise, headache and may progress to haemorrhagic manifestations and multi-organ failure. A distinctive complication is sensorineural deafness, which can persist after recovery. Hantavirus attacks differently by strain: Old World strains cause kidney damage and capillary leakage; New World strains like Sin Nombre cause Hantavirus Pulmonary Syndrome, with rapid-onset respiratory failure and a case fatality rate of approximately 35–40%.
Treatment: Lassa fever has a specific antiviral — ribavirin — most effective when administered early. No licensed vaccine exists. Hantavirus has no approved antiviral therapy; management is entirely supportive. No widely available vaccine exists outside limited formulations for renal syndrome in China and Korea.
The bottom line
Lassa fever and hantavirus share a rodent origin and an excreta-based transmission pathway and little else. Lassa’s person-to-person transmission makes it a healthcare system risk and a proven epidemic amplifier; hantavirus’s near-total inability to spread between humans limits its outbreak footprint, even as its pulmonary case fatality rate is severe. The MV Hondius outbreak is a timely reminder that hantavirus biology is not fully static, but for clinicians, communicators, and policymakers in Nigeria, the two diseases demand distinct responses, and treating them as equivalent actively distorts both risk assessment and prevention messaging.
President Bola Tinubu arrived at Jomo Kenyatta International Airport, Nairobi, at 12:18 a.m. on Monday.
The President is in Kenya to attend the Africa Forward Summit (also referred to as the Africa-France Summit).
The event is co-hosted by Kenyan President William Ruto and French President Emmanuel Macron.
Discussions will focus on economic transformation, digital innovation, trade expansion, and climate resilience.
Tinubu is accompanied by a high-level delegation, including Foreign Affairs Minister Bianca Ojukwu and other cabinet members.
Main Story
President Bola Tinubu reached Nairobi early Monday morning to join other African leaders for the Africa Forward Summit.
According to a statement by Presidential Spokesperson Bayo Onanuga, the President was received by Kenya’s Cabinet Secretary for Foreign and Diaspora Affairs, Musalia Mudavadi, alongside other senior officials and members of the Nigerian diplomatic mission.
The summit serves as a platform for African leaders, investors, and development partners to discuss growth and strategic partnerships across the continent.
Co-hosted by Presidents William Ruto of Kenya and Emmanuel Macron of France, the summit seeks to address infrastructure development and climate resilience.
Nigeria’s participation is intended to strengthen regional economic cooperation and reinforce the country’s leadership role within Africa.
During the visit, President Tinubu is expected to engage in bilateral meetings to advance diplomatic relations and promote the administration’s Renewed Hope Agenda through international investment and trade partnerships.
The Issues
The summit aims to balance African-driven solutions with international partnerships, specifically through the involvement of France as a co-host.
A major focus remains on climate resilience and infrastructure, areas where many African nations currently face significant funding gaps.
Strengthening intra-African trade and digital innovation is viewed as essential for achieving the long-term prosperity discussed at the summit.
What’s Being Said
Presidential spokesperson Bayo Onanuga noted that the visit underscores Nigeria’s “commitment to advancing African unity” and regional economic cooperation.
Officials stated the summit provides “practical strategies designed to promote collective prosperity” across the continent.
Diplomatic observers highlighted that the presence of several key ministers indicates a focus on specific sectors like trade, agriculture, and the blue economy.
What’s Next
President Tinubu will participate in high-level plenary sessions alongside Presidents Ruto and Macron.
Bilateral meetings are scheduled between the Nigerian delegation and various African and international partners.
The summit is expected to conclude with a series of commitments focused on digital innovation and sustainable infrastructure projects.
Bottom Line
President Tinubu’s visit to Nairobi signals Nigeria’s intent to remain a central player in shaping continental investment policy and fostering economic ties between Africa and global partners like France.
The Nigerian Meteorological Agency has forecast a mix of sunshine, cloudy conditions, and rainfall across the country from Monday to Wednesday.
Thunderstorms accompanied by moderate rains are expected in several southern and central states, while parts of the North will experience isolated rainfall.
NiMet has warned residents to take precautions against strong winds, heavy rainfall, and heat-related discomfort during the forecast period.
MAIN STORY
The Nigerian Meteorological Agency (NiMet) has predicted a combination of rainfall, thunderstorms, and sunshine across different parts of the country from Monday through Wednesday.
In its weather outlook released in Abuja on Sunday, the agency forecast predominantly sunny skies across the northern region on Monday, with a few patches of clouds expected over most areas.
NiMet stated that isolated thunderstorms accompanied by light to moderate rainfall are likely to occur over parts of Taraba State during the afternoon and evening hours.
For the North-Central region, the agency projected cloudy conditions with intervals of sunshine throughout the forecast period.
In the southern region, NiMet predicted cloudy skies with intermittent sunshine and chances of thunderstorms accompanied by light rains over parts of Rivers State, Bayelsa State, Akwa Ibom State, and Cross River State.
The agency further forecast moderate rainfall and thunderstorms later in the day across parts of Oyo State, Osun State, Ondo State, Lagos State, Edo State, Delta State, Imo State, Abia State, Ebonyi State, Anambra State, Bayelsa State, Rivers State, Cross River State, and Akwa Ibom State.
On Tuesday, NiMet projected sunny conditions with patches of clouds across the northern states, while isolated thunderstorms with light to moderate rainfall are expected again over parts of Taraba State later in the day.
The agency also forecast cloudy conditions with intervals of sunshine across the North-Central region throughout Tuesday.
In the South, thunderstorms accompanied by moderate rainfall are expected during the afternoon or evening over parts of Ondo State, Osun State, Ogun State, Lagos State, Imo State, Abia State, Enugu State, Ebonyi State, Anambra State, Cross River State, Akwa Ibom State, Rivers State, Bayelsa State, Edo State, and Delta State.
By Wednesday, the agency expects sunny skies with patches of clouds across the northern region, while the North-Central zone will continue to experience cloudy conditions with periods of sunshine.
NiMet also predicted moderate rainfall and thunderstorms over parts of Delta State, Edo State, Bayelsa State, Cross River State, Akwa Ibom State, and Rivers State later in the day.
The agency warned that strong winds could precede rainfall and thunderstorms in some areas and advised residents to take safety precautions.
“Strong winds may precede the rains in areas where thunderstorms are likely to occur. The public should ensure that loose objects are properly secured to avoid collisions and accidents,” the agency stated.
NiMet also cautioned motorists against driving during heavy rainfall and advised residents to disconnect electrical appliances during thunderstorms and avoid sheltering under tall trees due to the risk of falling branches.
The agency urged airline operators to obtain airport-specific weather reports for effective operational planning.
In addition, NiMet warned that temperatures are expected to remain high in several parts of the country, resulting in thermal discomfort. Residents were advised to stay hydrated, wear breathable clothing, and remain in well-ventilated environments.
The agency encouraged the public to stay updated through regular weather reports on its official website, NiMet.
THE ISSUES
Nigeria continues to experience increasingly unpredictable weather patterns linked to seasonal transitions and climate variability, with heavy rainfall and thunderstorms often resulting in flooding, traffic disruptions, and damage to infrastructure.
Experts say inadequate drainage systems, poor urban planning, and weak disaster preparedness mechanisms continue to worsen the impact of heavy rainfall in many communities.
At the same time, rising temperatures and heat conditions in parts of the country pose health risks, particularly for vulnerable populations including children, the elderly, and outdoor workers.
WHAT’S BEING SAID
The Nigerian Meteorological Agency says the weather outlook is intended to help residents, aviation operators, farmers, and emergency agencies prepare adequately for changing weather conditions.
Environmental experts have also stressed the importance of public awareness and early warning systems in reducing weather-related risks and disasters.
Residents in flood-prone communities are being urged to remain vigilant as the rainy season intensifies across several parts of the country.
WHAT’S NEXT
NiMet is expected to continue issuing regular weather forecasts and advisories as rainfall activity increases nationwide.
Emergency response agencies and state governments may also intensify monitoring and preparedness efforts in flood-prone and high-risk communities.
Meteorologists say more thunderstorms and rainfall activities are likely in the coming weeks as Nigeria progresses deeper into the rainy season.
BOTTOM LINE
NiMet’s three-day weather forecast indicates a mix of sunshine, thunderstorms, and rainfall across Nigeria, with southern states expected to experience more intense weather activity. Authorities are urging residents to take precautionary measures against strong winds, heavy rainfall, and rising temperatures as seasonal weather conditions continue to evolve.
The Nigeria Customs Service has handed over several stolen luxury vehicles traced to Canada to Canadian authorities.
The recovery followed months of intelligence sharing between the NCS and the Royal Canadian Mounted Police.
The intercepted vehicles included high-end brands such as Lamborghini, Rolls-Royce, Mercedes-Benz, Lexus, and Land Rover.
Main story
The Nigeria Customs Service (NCS) has formally handed over a number of intercepted stolen luxury vehicles traced to Canada to the Deputy High Commissioner of Canada to Nigeria, Nasser Salihou.
The handover ceremony took place at the Tin Can Island Port and was conducted by the Customs Area Controller of the command, Frank Onyeka.
In a statement issued in Abuja, the National Public Relations Officer of the NCS, Abdullahi Maiwada, said the recovery formed part of ongoing efforts to strengthen international confidence in Nigeria’s anti-smuggling and cargo intelligence systems.
According to Maiwada, the operation followed months of intelligence sharing and collaboration between the NCS and the Royal Canadian Mounted Police after Canadian authorities traced several stolen luxury vehicles believed to have been illegally exported and smuggled into Nigeria through international shipping channels.
He disclosed that internal Customs documentation dated May 5 confirmed the interception of several high-end vehicles, including a 2019 Lexus RX350, 2019 Mercedes-Benz G550, 2023 Land Rover Range Rover, 2019 Lamborghini Huracán, 2021 Rolls-Royce Dawn Convertible, 2018 Lamborghini Aventador, and a 2026 Toyota Tundra.
The Customs spokesperson stated that all the vehicles were confirmed to have been stolen and illegally exported before being traced to Nigeria.
Speaking during the handover ceremony, Onyeka revealed that one of the vehicles, a Toyota Tacoma, was concealed inside a container transporting other vehicles and had not exited Customs control before intelligence received from Canadian authorities triggered immediate intervention.
He explained that once the intelligence alert and shipping documentation were received through official channels, officers of the command swiftly isolated the suspicious consignment and placed the vehicle under enforcement custody pending diplomatic verification.
“What appeared to be a routine cargo movement quickly evolved into an international criminal investigation. Once intelligence reached us, we placed the consignment under enforcement watch and secured the vehicle pending confirmation from Canadian authorities,” Onyeka said.
He added that the service deliberately delayed the final release of the vehicles until Canadian officials arrived personally to complete identification and recovery procedures.
“We had individuals attempting to intervene on behalf of others, but this case was highly sensitive. We insisted the handover must be directly to the Canadian government to preserve the integrity of the process,” he stated.
According to Onyeka, the successful interception highlights the NCS’ commitment to dismantling transnational vehicle theft syndicates that exploit global shipping routes to traffic stolen vehicles across continents.
He noted that the operation further demonstrated the growing cooperation between Nigeria and Canada in intelligence sharing, cargo profiling, and maritime enforcement aimed at combating organised cross-border crimes involving stolen assets, illicit trade, and related fraudulent activities.
The issues
The interception of stolen luxury vehicles underscores the increasing sophistication of international vehicle theft syndicates and the role of global shipping networks in facilitating transnational organised crime.
Experts say Nigeria’s ports remain vulnerable to smuggling activities due to high cargo volumes, document falsification, and the complex nature of international trade logistics.
The incident also raises broader concerns about the activities of criminal networks involved in illegal automobile trafficking, money laundering, and customs fraud across international borders.
What’s being said
The Nigeria Customs Service says the successful operation reflects the agency’s improved intelligence capabilities and commitment to international collaboration in combating transnational crimes.
Canadian authorities have also commended the cooperation between both countries, describing the recovery as a significant step in strengthening cross-border law enforcement partnerships.
Security and maritime experts believe sustained intelligence sharing and stricter cargo profiling will be critical to curbing international smuggling and stolen vehicle trafficking through African ports.
What’s next
Authorities are expected to intensify intelligence-driven cargo inspections and strengthen collaboration between Nigerian and international law enforcement agencies.
The NCS is also likely to expand the deployment of cargo profiling systems and enforcement monitoring at major ports to detect suspicious consignments earlier.
Further investigations may also be conducted to identify individuals or syndicates linked to the smuggling of the stolen vehicles into Nigeria.
Bottom line
The handover of intercepted stolen luxury vehicles to Canadian authorities marks another milestone in Nigeria’s fight against transnational smuggling and organised crime. The operation highlights the growing importance of international intelligence sharing and maritime enforcement in tackling global vehicle theft syndicates and strengthening port security.
At least 3,715 Primary Healthcare Centres (PHCs) across 19 states and the Federal Capital Territory are currently non-operational.
Katsina State recorded the highest number of inactive PHCs with 349 facilities, followed by Osun State with 326.
Health experts warn that the collapse of primary healthcare services threatens disease prevention, maternal care, immunisation, and emergency response systems nationwide.
Main story
Nigeria’s fragile healthcare system has come under renewed scrutiny following revelations that no fewer than 3,715 Primary Healthcare Centres (PHCs) across 19 states and the Federal Capital Territory are currently non-operational, raising concerns over access to essential healthcare services for millions of citizens.
Findings from an analysis of the PHC Indicator Dashboard of the National Primary Health Care Development Agency (NPHCDA) revealed widespread inactivity among facilities expected to serve as the foundation of healthcare delivery, particularly in rural and underserved communities.
The figures underscore growing concerns about the state of Nigeria’s primary healthcare system, widely regarded by health experts as the backbone of disease prevention, maternal and child healthcare, immunisation, and emergency medical response.
According to the data, Katsina State recorded the highest number of inactive PHCs with 349 dormant facilities, while Osun State followed closely with 326.
Other states with significant numbers of non-functional PHCs include Kano State with 279; Enugu State with 268; Benue State with 265; and Delta State with 246.
The analysis also showed that Kogi State recorded 230 inactive facilities, while Ogun State had 227 and Adamawa State recorded 225.
Further findings revealed that Bauchi State had 212 inactive PHCs, Rivers State recorded 205, while Ondo State had 198.
In addition, Cross River State recorded 172 non-operational facilities, while Yobe State had 161.
The report further showed that Edo State recorded 146 inactive PHCs, while Borno State had 120. Nasarawa State recorded 115 inactive centres, Bayelsa State had 100, while the Federal Capital Territory accounted for 62 dormant facilities.
Primary Healthcare Centres represent the first point of contact for millions of Nigerians seeking medical attention, especially in rural communities where access to secondary and tertiary healthcare facilities remains limited.
The centres are expected to provide essential services including antenatal and postnatal care, child immunisation, malaria treatment, tuberculosis screening, family planning, nutrition support, treatment of common illnesses, disease surveillance, and health education.
PHCs also play a critical role in Nigeria’s response to public health emergencies and infectious disease outbreaks. During outbreaks of cholera, measles, meningitis, and COVID-19, the centres served as frontline facilities for vaccination campaigns, community sensitisation, and patient referrals.
However, Nigeria’s PHC system has struggled for decades with chronic underfunding, inadequate infrastructure, shortages of skilled health workers, and poor maintenance culture.
Previous reports by health sector stakeholders have identified abandoned projects, lack of medical equipment, irregular electricity supply, poor water access, and deteriorating road networks as recurring challenges affecting healthcare centres nationwide.
In many rural communities, some PHCs reportedly exist only in name, with buildings either abandoned, partially completed, or operating without qualified personnel and essential medicines.
Insecurity has also worsened the situation in parts of Northern Nigeria. In insurgency-affected states such as Borno State, Yobe State, and parts of Adamawa State, attacks on communities and displacement of healthcare workers have disrupted medical services over the years.
Environmental challenges have equally affected healthcare delivery in riverine states such as Bayelsa State and Rivers State, where flooding and difficult terrain often hinder access to health infrastructure.
The Federal Government, through the National Primary Health Care Development Agency, has introduced several interventions aimed at revitalising primary healthcare delivery across the country.
These include the Basic Health Care Provision Fund designed to improve financing for grassroots healthcare services, as well as the policy initiative aimed at ensuring at least one functional PHC in every political ward nationwide.
Authorities have also implemented periodic renovation and upgrade programmes targeting selected PHCs across the country.
The issues
The growing number of inactive PHCs highlights the deep structural weaknesses within Nigeria’s healthcare system, particularly at the grassroots level where millions depend on public healthcare facilities for survival.
Health experts warn that the collapse of primary healthcare services could worsen maternal and child mortality rates, reduce immunisation coverage, weaken disease surveillance, and increase vulnerability during public health emergencies.
Stakeholders also argue that poor implementation, delayed release of funds, weak accountability mechanisms, and inadequate monitoring continue to undermine government interventions aimed at revitalising the sector.
What’s being said
Healthcare stakeholders say the current situation reflects years of neglect and inadequate investment in primary healthcare infrastructure.
Experts have repeatedly stressed that strengthening PHCs is essential to achieving universal health coverage, improving health outcomes, and reducing pressure on overcrowded secondary and tertiary hospitals.
Community advocates are also calling for urgent rehabilitation of dormant facilities, recruitment of qualified health workers, and improved funding mechanisms to restore public confidence in the healthcare system.
What’s next
The Federal Government and relevant health agencies are expected to intensify efforts toward the revitalisation of inactive PHCs through infrastructure upgrades, improved staffing, and better funding allocation.
Stakeholders are also likely to push for stricter monitoring and accountability measures to ensure healthcare intervention funds are effectively utilised.
Health experts believe that restoring functionality to dormant PHCs will be critical to improving healthcare access, particularly in rural and conflict-affected communities.
Bottom line
The discovery that over 3,700 Primary Healthcare Centres are inactive across Nigeria underscores the severe challenges confronting the country’s healthcare system. While government interventions continue, experts warn that without sustained funding, accountability, and infrastructure investment, millions of Nigerians may remain without access to essential healthcare services.
Key points
The Federal Government plans to grow Nigeria’s livestock economy from $32 billion to $74 billion within 10 years.
A $300 million African Development Bank...
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