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Economy

Creation Of New 31 States Not Solution To Nigeria’s Hardship: CSO Reveals

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CSO

Creation Of New 31 States Not Solution To Nigeria’s Hardship: CSO Reveals

Creation of new 31 states not solution to Nigeria’s hardship. He said the recent proposals for the creation of 31 new states received by the House of Representatives needed critical examination.

A civil society organisation (CSO), the Centre for Credible Leadership and Citizens Awareness (CCLCA), has said that creating additional states is not the solution to Nigeria’s problems.

The centre’s director-general, Gabriel Nwambu, stated this in an interview with journalists on Sunday in Abuja, noting that rather than solving the country’s myriad of problems, more states would aggravate them.

“It is clear that the creation of additional states is not a viable solution to our nation’s pressing issues and, in fact, could exacerbate the situation we are working hard to overcome,” he warned.

“Such actions will not only worsen our current economic quagmire but can also lead to heightened regional disparities and escalate governance costs.”
He said the recent proposals for the creation of 31 new states received by the House of Representatives needed critical examination.
According to him, as the country navigates through its economic challenges, governance reform must be approached with an understanding of current realities.

He said it was worrisome that some states are not financially stable and are unable to meet basic obligations, including paying the N70,000 minimum wage.
“The crux of the matter is that some states have reached a point of insolvency, making the idea of creating new ones — a process that demands additional financial resources —even more untenable.

“Rather than resolving the existing state-level inefficiencies, the introduction of new states will only compound the financial burdens on an already strained federation,” he said.

Mr Nwambu described the timing of the proposals as troubling, especially as discussions aimed at reducing the cost of governance in Nigeria were still on.

“The addition of 31 new states will inherently lead to an increase in legislative assemblies, senators and members of the House of Representatives, thereby inflating the political structure rather than streamlining it.

“Rather than focusing on mechanisms to enhance governance efficiency, we would instead be entrenching a model that is financially unsustainable,” he said.

The director-general further stated that the more pressing issues facing Nigeria, such as insecurity, unemployment, inadequate healthcare and dwindling infrastructure, should be given adequate attention and resources.

According to him, the creation of new states distracts from tackling these fundamental concerns.
“It is crucial to consider how we can strengthen the existing governance structures, enhance service delivery and ensure that government revenues transparently address the needs of our citizens rather than struggling under the weight of new states.

CSO

CSO

Mr Nwambu said state creation was also capable of distracting the attention of policymakers from the critical reforms and policies necessary to improve the lives of Nigerians across the country.

“We, therefore, urge policymakers, opinion leaders and the general public to prioritise pressing developmental needs over cosmetic political restructuring,” he said.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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