U.S. government shutdown: How it impacts emerging market currencies

The US Government has been shut down for 20 days. This is not the first government shutdown; I doubt it will be the last. A shutdown happens when the US government can’t authorise spending. The Appropriations Clause in Article I, Section 9 of the US Constitution mandates that only Congress can draw money from the […] The post U.S. government shutdown: How it impacts emerging market currencies appeared first on Nairametrics.

55 Stories of Legacy and Impact at Leadway (Part 1)

Since our founding in 1970 by our visionary founder, Sir Hassan O. Odukale, Leadway has grown from a pioneering insurance company into a diversified ecosystem spanning insurance, pensions, health, asset management, trusteeship, and hospitality. At 55, we are not just celebrating a milestone; we are celebrating more than half a century of exemplifying resilience, impacting […] The post 55 Stories of Legacy and Impact at Leadway (Part 1) appeared first on Nairametrics.

Idle Hands, Dangerous Streets: Deadly Cost of Youth Unemployment!

Idle Hands, Dangerous Streets: Deadly Cost of Youth Unemployment!

By Ugo Inyama

Across Nigeria, a dangerous equation is playing out: rising youth unemployment equals rising crime. When a generation cannot find work, it finds something else to do — and too often, that “something else” threatens the peace of the nation that failed to employ them.

From Lagos to Kano, Aba to Maiduguri, the scenes are the same. Idle young men roam the streets. Graduates push wheelbarrows. Artisans abandon their trades. Thousands spend their days online chasing “quick money.” Beneath the humour of “hustle culture” lies exhaustion, anger, and despair. The tragedy is not that Nigerian youths lack ambition; it is that the country has denied them any structured outlet for it.

Official figures put youth unemployment near one-third of the workforce, but the reality is worse. Many “self-employed” are barely surviving — selling trinkets, driving tricycles, or working unstable gigs that feed neither ambition nor dignity. The informal economy keeps them alive, not fulfilled.

Where youthful energy is wasted, it festers. Where merit no longer matters and corruption mocks honesty, crime becomes both rebellion and survival.

When Survival Becomes a Crime

For many young Nigerians, crime begins with hunger, not hatred. Petty theft, cyber-fraud, and robbery often start as desperate acts in a system that offers neither jobs nor justice. “Yahoo Yahoo” online fraud — has become a distorted symbol of success. It is glamorised in songs, excused by peers, and tolerated by communities. But behind every celebrated “big boy” story lies a trail of victims and ruined futures.

Behind every scammer are hundreds who failed or died trying. Behind every armed robber is a disillusioned graduate who once dreamed of becoming a doctor or engineer. When legitimate doors remain locked, illegitimate ones look like opportunity.

Unemployment also feeds organised violence. From banditry in the North-West to militancy in the Delta, cult clashes in the South-South, and kidnappings in the South-East, idle youths become easy recruits for warlords, extremists, and politicians. For many, crime is now a job — a way to survive a system that forgot them.

The Price of Neglect

The cost of neglect is staggering. Families lose sons to crime or prison. Communities lose peace. The nation loses innovation and productivity. A generation that should be building industries is instead fuelling insecurity.

Economically, mass unemployment drains growth. A jobless nation consumes but does not produce. Socially, it breeds resentment — against the rich, the powerful, and eventually against the idea of fairness itself. Rising kidnapping, drug abuse, and ritual killings are not coincidences; they are symptoms of economic failure.

Nigeria’s prisons overflow with young men who should be in factories, farms, or classrooms. Each wasted youth represents a lost investment — years of parental sacrifice and public spending thrown away. As one economist noted, “Unemployment breeds insecurity, and insecurity buries investment.” Investors flee, jobs disappear, and the vicious cycle tightens.

The Way Forward

Fixing youth unemployment requires more than token empowerment schemes. It demands courage, vision, and reform. Job creation must be treated as a national security priority, not an afterthought.

First, align education with the real economy. Nigerian universities still prepare students for jobs that no longer exist. Curricula must shift toward technical, digital, and vocational skills — renewable energy, ICT, logistics, agriculture, and the creative industries. Certificates must give way to competence.

Second, empower small and medium-sized enterprises — the true job engines. Multiple taxation, unreliable power, and expensive credit are killing entrepreneurship. SMEs need affordable loans, steady electricity, and fair regulation to thrive.

Third, state and local governments must stop waiting for Abuja. Rural youths can be productively engaged through local projects — road repairs, irrigation, recycling, and agro-processing. Every local government should have a youth employment desk that links skills with real work.

Fourth, the private sector must rise beyond profit. Corporations can fund apprenticeships, support innovation hubs, and partner with schools to build employable talent. Job creation is not charity — it is an investment in stability.

Restoring the Dignity of Labour

Mindset matters too. Too many young Nigerians still see vocational work as beneath them, chasing only “office jobs” or overnight riches. Yet every developed nation thrives on its welders, builders, farmers, and technicians. The shame lies not in labour, but in laziness.

Our obsession with sudden wealth — luxury cars, flamboyant weddings, designer lifestyles — fuels criminal temptation. Society must learn to celebrate productivity, not fraud. Parents, entertainers, and religious leaders must lead this value re-orientation. Real success is built, not stolen.

A Call to Action

Nigeria cannot arrest its way out of crime. You cannot police hunger or imprison frustration. The true antidote is work — jobs that pay, skills that empower, and systems that give people hope.

Law-and-order measures tackle symptoms, not causes. You cannot fight insecurity while breeding it through joblessness. The cost of creating jobs is far less than the cost of fighting the wars unemployment creates.

Every unemployed youth is a potential innovator or a potential criminal. Which side they fall on depends on whether the nation gives them reason to believe.

The choice before Nigeria is stark: employ its youth or be consumed by their anger.
The peace and prosperity of tomorrow depend on the jobs created today.

*Ugo Inyama writes from the African Digital Governance Centre, Manchester, UK.
www.africandgc.org

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By Ugo Inyama Across Nigeria, a dangerous equation is playing out: rising youth unemployment equals rising crime. When a generation cannot find work, it finds something else to do —

Security on high alert in Ondo as SSS intelligence reveals fresh threats of terrorists attack

According to the security alert, the ISWAP operatives have already commenced surveillance on soft targets in the identified areas, prompting a call for the immediate strengthening of security operations to avert tragedy. The post Security on high alert in Ondo as SSS intelligence reveals fresh threats of terrorists attack appeared first on Premium Times Nigeria.

Sanwo-Olu mourns victims of Niger tanker explosion, condoles Gov Bago

The Governor of Lagos State and Chairman of the South-West Governors’ Forum, Mr Babajide Sanwo-Olu, has extended his condolences to his Niger State counterpart, Governor Mohammed Bago, as well as the government and people of the state, over the tragic tanker explosion that claimed no fewer than 35 lives and left 17 others hospitalised. In
Sanwo-Olu mourns victims of Niger tanker explosion, condoles Gov Bago

The Governor of Lagos State and Chairman of the South-West Governors’ Forum, Mr Babajide Sanwo-Olu, has extended his condolences to his Niger State counterpart, Governor Mohammed Bago, as well as the government and people of the state, over the tragic tanker explosion that claimed no fewer than 35 lives and left 17 others hospitalised.

In a statement issued on Wednesday by his Special Adviser on Media and Publicity, Mr Gboyega Akosile, Governor Sanwo-Olu described the incident as worrisome and heartbreaking.

The Lagos Governor expressed deep sorrow over the loss of lives in the lone tanker accident that occurred along the Bida/Agaie Highway, stressing that such tragedies are painful reminders of the need for stricter safety measures on Nigerian roads.

He said: “It is with a heavy heart that I received the devastating news of the explosion of a petrol-laden tanker along the Bida/Agaie Highway in Niger State, which reportedly claimed about 35 lives.

“Our thoughts and prayers are with my brother, Governor Mohammed Bago, the government and people of Niger State, as well as the bereaved families and victims of this unfortunate incident.”

Sanwo-Olu prayed for the repose of the souls of the deceased and comfort for their grieving families, while wishing the injured victims a speedy recovery.

“I pray that Almighty God grants the families of the departed the fortitude to bear the irreparable loss and restore full health to those undergoing treatment,” the statement added.

Sanwo-Olu mourns victims of Niger tanker explosion, condoles Gov Bago

Sowore gives update after meeting Nnamdi Kanu’s brother, lawyer in Kuje Prison

Human rights activist Omoyele Sowore on Wednesday met with Nnamdi Kanu’s lawyer, Barrister Aloy Ejimakor and his brother, Emmanuel Kanu, in Kuje Prison. DAILY POST reports that Ejimakor, Emmanuel, Barrister Wisdom Okere and others were arrested on Monday during the #FreeNnamdiKanuNow protest in Abuja. They were subsequently detained in the Kuje Prison. In an update
Sowore gives update after meeting Nnamdi Kanu’s brother, lawyer in Kuje Prison

Human rights activist Omoyele Sowore on Wednesday met with Nnamdi Kanu’s lawyer, Barrister Aloy Ejimakor and his brother, Emmanuel Kanu, in Kuje Prison.

DAILY POST reports that Ejimakor, Emmanuel, Barrister Wisdom Okere and others were arrested on Monday during the #FreeNnamdiKanuNow protest in Abuja.

They were subsequently detained in the Kuje Prison.

In an update on Wednesday, Sowore confirmed a meeting he had with the detainees, stating that they are “all in high spirits”.

In a post on his Facebook page, Sowore said all hands are currently on deck to secure their release soon.

He wrote, “We had a productive meeting today with Nnamdi Kanu’s lawyer, Barrister @AloyEjimakor, his brother Emmanuel Kanu, Barr. Wisdom Okere, and 10 others who were arrested and brutalized by the Nigeria Police Force for participating in a peaceful #FreeNnamdiKanuNow protest at Kuje Prison.

“Despite the challenges they face, they are all in high spirits as we push for their release to continue the fight against oppression.

“Unfortunately, the @FCT_PoliceNG Command further maltreated them after we parted ways on Monday, by heavily unleashing tear gas against them within their premises before detaining them at the notorious #SARS Abattoir.”

Describing the development as highly condemnable, Sowore blasted the Inspector General of Police, Kayode Egbetokun, for his “irresponsible leadership”.

Sowore gives update after meeting Nnamdi Kanu’s brother, lawyer in Kuje Prison

Alleged abuse of office: Police Service Commission asked to probe AIG

A group of rights activists, on Wednesday stormed the Abuja headquarters of the Police Service Commission, PSC, demanding investigation into allegations of abuse of office against an Assistant Inspector General of Police, AIG, Emmanuel Aina. The activists, under the umbrella body of Centre for Human Rights and Advocacy in Africa Network, CHRAAN, submitted a petition
Alleged abuse of office: Police Service Commission asked to probe AIG

A group of rights activists, on Wednesday stormed the Abuja headquarters of the Police Service Commission, PSC, demanding investigation into allegations of abuse of office against an Assistant Inspector General of Police, AIG, Emmanuel Aina.

The activists, under the umbrella body of Centre for Human Rights and Advocacy in Africa Network, CHRAAN, submitted a petition to PSC Chairman, retired Deputy Inspector-General of Police, Hashimu Argungu.

In the petition, the activists alleged that the AIG was doing the bidding one Asabe Waziri, a staff of the Nigerian National Petroleum Company Limited, NNPCL. They urged the PSC to probe, and sanction the AIG, for allegedly allowing himself to be used to harass and intimidate innocent Nigerians.

The activists equally called on the PSC to look into the activities of the AIG, particularly, his handling of a case involving Asabe Waziri, Victor Giwa and Abeh Signatures.

Parts of the petition dated October 22, 2025, and signed by Fabian Opialu, read, “We wish to bring the attention of the Chairman of the Commission to the activities of AIG Aina Emmanuel, the new director of legal, Nigeria Police force, Abuja. Sometimes in 2024, one Asabe Waziri, a staff of NNPC, who was evicted by FCT High Court judgement from two blocks of flats in a property in Maitama, Abuja, was forcefully brought back to the flats by AIG Aina Emmanuel using some officers like CSP Francis (FCID) .

“AIG Aina Emmanuel, inspite of his knowledge of a Court Order restraining the said Asabe Waziri from trespassing into the property and flats and motion for stay of execution filed in respect of a Court of Appeal’s judgment against Asabe Waziri, in the Supreme Court.

“It’s our complaint that AIG Aina vowed to return Asabe Waziri into the flats using intimidation of the counsel to the property owner, Giwa Victor Esq, a human right lawyer, whom he arrested and detained twice between June and July 2024, in order to unlawfully gain access to the property at No. 1, Mekong close, Maitama, Abuja.

“Asabe Wazri and Abeh Signature Apartment, the owner of the property had dispute, which resulted to court action that finally led to the property owner obtaining judgement in its favour against Asabe Waziri. The judgement was finally enforced against Asabe Waziri and she was vacated from the property.

“Asabe appealed against the judgement to the Court of Appeal, her appeal succeeded in March 2024 and the property owner appealed against her judgment to the Supreme Court. A motion for stay of execution and Notice of Appeal to the Supreme Court was filed, all against Asabe’s Court of Appeal Judgement.

“Shockingly, AIG Aina knowing that this was a matter that was still subsisting in court, still went ahead to break into the flats forcefully and brought in Asabe Waziri into the flats. According to the AIG, he wanted Asabe to be in the property while the case is going on in the Supreme Court.

“Additionally, AIG Aina illegally detained one Godwin Okey in lieu of Victor Giwa Esq in 2024 in his desperate move to take possession of the flats for Asabe Waziri.

“AIG Aina is now in the hunt for Giwa Victor for having the courage to challenge their illegal and ignoble action.

“Recently, AIG Aina, who claimed to be executing a warrant of arrest against Giwa Victor, ordered his arrest in Lagos on the 19th September, 2025. After the lawyer’s arrest the AIG refused to comply with the relevant sections of the Administration of Criminal Justice Act, 2015, which requires that the arrested person be taken to court within Lagus; instead, AIG Aina ordered Giwa’s detention for over 10 days.

“Asabe Waziri is now using AIG Aina and retired AIG Ekeinde Oyakhire to persecute the lawyer. The activities of AIG Aina are totally unlawful, illegal and a breach of the police Act and other relevant laws.”

The petition listed demands, including probe AIG Aina’s alleged roles in breaking into the flats in Abeh Signature Apartment and granting possession to Asabe while matter was pending in Supreme Court, as well as his involvement in the detention of Victor Giwa from 19th September to 29th September, 2023.

Alleged abuse of office: Police Service Commission asked to probe AIG

The $1.5 Trillion Secret: Why Africa’s payments evolution is a blueprint for the world 

Africa’s digital payments revolution was built on local ingenuity, leveraging mobile connectivity and solving grassroots problems without waiting for global solutions.  Pioneers like Curtis Vanderpuije, Deji Oguntonade, and Ronke Kuye laid the foundational infrastructure and trust systems that enabled mass financial inclusion and digital transformation.  Nkebet Mesele’s Made in Payments podcast documents Africa’s evolution as […] The post The $1.5 Trillion Secret: Why Africa’s payments evolution is a blueprint for the world  appeared first on Nairametrics.

Senate Moves to Establish N4.7bn Sickle Cell Research, Therapy Centres Across Nigeria

Senate Moves to Establish N4.7bn Sickle Cell Research, Therapy Centres Across Nigeria

Sunday Aborisade in Abuja 

The Senate has taken a major step towards addressing Nigeria’s heavy burden of sickle cell disorder (SCD) withthe second reading of a bill seeking to establish Sickle Cell Disorder Research and Therapy Centres in all six geo-political zones of the country and the Federal Capital Territory (FCT).

The bill, sponsored by Senator Sunday Marshall Katung (Kaduna South), aims to create institutional and legal frameworks for the establishment, management and operation of centres dedicated to the diagnosis, treatment, and research of the disease, which continues to claim thousands of lives annually.

Leading the debate on the general principles of the bill at plenary Wednesday, Senator Katung said his motivation for sponsoring the legislation stemmed from a deeply personal experience more than two decades ago when he witnessed the agony of a family grappling with the illness.

He said: “I once saw a child who had just been discharged after a crisis. His parents were arguing about whether to take him back to the hospital because they hadn’t paid the last bill. 

“The child overheard them and said, ‘Mom, Dad, please allow me to die so that you can rest, and I too will rest’.

“That statement has stayed with me for 25 years. I promised myself that if I ever had the opportunity, I would bring this issue to public attention. That is why I introduced this bill.”

The proposed legislation seeks to establish research and therapy centres that would, in the first phase, operate in the six geopolitical zones, before eventual expansion to every local government area in the country.

According to Katung, Nigeria accounts for over 50 per cent of the 300,000 children worldwide who die annually from sickle cell complications before the age of five, making it the global epicentre of the disorder.

He said: “In Africa, Nigeria ranks first in the prevalence of sickle cell disease. The bill is meant to make treatment more accessible, improve early diagnosis, and raise awareness to prevent new cases, especially through public education on genetic compatibility before marriage.”

The senator emphasized that the centres would not only provide medical treatment but also serve as hubs for research, data collection, rehabilitation and community education. 

He noted that while scientific breakthroughs have significantly improved outcomes for patients in developed countries, where more than 90 per cent of sufferers now live into adulthood, Nigeria continues to record high mortality due to poor diagnostic infrastructure and inadequate treatment facilities.

Katung lamented that many Nigerian families dealing with the condition face crushing financial burdens, forcing some to abandon hospital care. 

“Treatment is expensive, and most families can’t afford it,” he said, adding that the proposed centres would help ease that challenge by providing affordable and accessible services.

The lawmaker also stressed the need for Nigeria to take ownership of finding a cure, noting that most research into the disease has been led by Western scientists, even though it primarily affects people of African descent.

“Sickle cell disorder is a black man’s disease, and because the white people are not sufferers, their efforts may not be as committed as ours should be.

“There was once a promising effort led by the late Professor Wonodi at the Pharmacology Centre, but it stalled after his death. This bill will help revive such research efforts,” he said.

The Sickle Cell Disorder Research and Therapy Centre Establishment Bill 2025, which comprises 27 clauses, provides for the setting up of a governing board, the appointment of professional and administrative staff, financial provisions, and operational guidelines for the centres.

The estimated cost of setting up the centres, according to Katung, is N4.7 billion, which will be borne by the Federal Government. However, he noted that the figure could be reviewed during the public hearing phase to ensure cost-effectiveness.

He revealed that some senators, including Senator Natasha Akpoti-Uduaghan (Kogi Central), had suggested that the proposed centres be attached to existing teaching hospitals to reduce startup costs and leverage existing infrastructure. 

“All such recommendations will be considered at the public hearing to determine what works best for the country,” he said.

Katung appealed to his colleagues for bipartisan support, stressing that sickle cell disease is a national health crisis that transcends political, ethnic and religious boundaries.

“With humility, I urge all my distinguished colleagues to support this bill wholeheartedly. It is not just about healthcare, it is about giving hope to millions of Nigerian families living with this burden,” he said.

The Senate President, Godswill Akpabio, commended the sponsor for what he described as a “compassion-driven initiative” and referred the bill to the Senate Committee on Health (Secondary and Tertiary) for further legislative work.

Nigeria, according to medical experts, has the highest number of sickle cell cases globally, with an estimated 150,000 newborns affected each year. Public health advocates have long called for a coordinated national strategy to address the disease through early screening, public education and improved access to affordable treatment.

If passed into law, the Sickle Cell Disorder Research and Therapy Centre Act is expected to serve as a landmark framework for managing the disease in Nigeria, offering not only a lifeline for sufferers but also a renewed national commitment to scientific research and healthcare equity.

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Sunday Aborisade in Abuja  The Senate has taken a major step towards addressing Nigeria’s heavy burden of sickle cell disorder (SCD) withthe second reading of a bill seeking to establish

Osimhen, Nwabali nominated for 2025 CAF Awards

Osimhen, Nwabali nominated for 2025 CAF Awards

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