Key facts:

• The theme of the meetings is ‘Mobilising Africa’s Development Financing at Scale in a Fragmented World.’
• Approximately 3,000 participants are expected to attend.
• Africa’s infrastructure financing needs range between $184 billion and $221 billion.
• Around $400 billion is needed annually for Africa’s structural transformation.

The Central Bank of Nigeria (CBN) has initiated a recapitalisation exercise, raising minimum capital thresholds to N500 billion for international banks and N200 billion for national banks. President Bola Tinubu praised CBN Governor Olayemi Cardoso for his efforts in financial system reforms and bank recapitalisation.

Yet, the recapitalisation process for Union Bank, Polaris Bank, and Keystone Bank faces delays due to regulatory and legal issues. The CBN has also adopted a tougher regulatory stance on lenders following the recapitalisation exercise.

In January 2024, the CBN dissolved the boards and management of three banks due to serious breaches. Furthermore, the CBN introduced risk-based capital requirements to align banks’ capital levels with their risk profiles.

Olayemi Cardoso emphasized the critical role of directors in this new phase, stating, “These measures are not punitive. They are enabling, providing directors with the framework to exercise stewardship with discipline, foresight and confidence.”

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The APC, founded in 2013 as a response to Nigeria’s economic challenges under the previous ruling party, has been a vehicle for national transformation. Tinubu emphasized the need for unity and discipline within the party, highlighting that these qualities are essential for effective leadership.

In addition to his call for integrity, Tinubu received support from Oke Idawene, who remarked, “I believe the President deserves a second term to continue the good work,” reinforcing the sentiment among party members regarding Tinubu’s leadership.

Despite the positive developments under Tinubu’s administration, including a steady decline in inflation to 14.45% and Nigeria’s exit from the FATF Grey List, challenges remain. The ongoing Middle East crisis is eroding some of the progress made, as noted by critics.

Phrank Shaibu, a political commentator, criticized the notion of Tinubu’s political invincibility, stating, “Governance is not a masterclass in manipulation—it is a test of compassion, competence, and courage.” He added, “The myth of invincibility is often the last refuge of a failing narrative,” suggesting that tangible results are what truly matter in governance.

Under Tinubu’s leadership, the administration has made strides in economic reforms and infrastructure development, including plans to establish the Grid Asset Management Company (GAMCO) to address electricity supply issues. The administration has also recorded trade surpluses and a booming stock market, indicating a positive economic trajectory.

As the political landscape evolves, the APC continues to navigate its path forward, with the next elections on the horizon. The Integrity Group of Nigeria has already endorsed President Tinubu for the 2027 elections, signaling ongoing support for his leadership.

Details remain unconfirmed regarding the specific strategies the APC will employ to maintain unity and discipline as they prepare for future challenges. However, the emphasis on integrity and vision remains a cornerstone of Tinubu’s message to his party leaders.

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The African Democratic Congress (ADC) has accused authorities in Kaduna of orchestrating a sustained campaign of persecution against opposition figures, particularly focusing on former Governor Nasir El-Rufai. This alleged political crackdown has raised significant concerns regarding the health of democracy in the region and the integrity of governance.

During a press conference held in Kaduna, Sani Bello, a prominent member of the ADC, articulated the party’s fears that the actions of the authorities could severely undermine democratic institutions and erode public trust in governance. He stated, “These actions amount to clear violations of fundamental rights, including arbitrary detention and denial of fair hearing.” This statement reflects a growing unease among opposition members regarding their safety and the fairness of the political landscape.

The ADC has claimed that numerous associates of El-Rufai have been arrested and detained as part of a strategy to intimidate opposition members. They allege that key federal agencies, including the Independent Corrupt Practices Commission and the Economic and Financial Crimes Commission, have been deployed to target these figures. This situation has led to accusations of arbitrary arrests and intimidation across several local government areas in Kaduna State.

Furthermore, the ADC criticized the prolonged detention of individuals under what they describe as inhumane conditions. They have called for an immediate end to these politically motivated actions and demanded the release of individuals allegedly detained unlawfully. The ADC has linked these actions to broader governance challenges, including insecurity and economic hardship, suggesting that the political climate is being weaponized against dissent.

In his remarks, Bello noted, “Recent events point to a troubling pattern of abuse of state institutions, disregard for due process, and erosion of democratic norms.” This sentiment echoes a growing concern among civil society groups and political analysts who fear that the current trajectory could lead to a more authoritarian regime in Kaduna.

The ADC has urged authorities to restore democratic norms and respect party autonomy, emphasizing the importance of maintaining a political environment where opposition parties can operate freely without fear of persecution. They argue that continued actions against opposition figures could further destabilize the region and lead to a breakdown of public trust in governance.

As the situation unfolds, the ADC remains vigilant, calling for accountability and adherence to the rule of law. They have warned that the ongoing political persecution could have far-reaching implications for democracy in Nigeria. Details remain unconfirmed regarding the full extent of the alleged persecution and the government’s response to these accusations.

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On April 7, 2026, the Lagos State Government addressed rumors regarding a supposed rift between President Bola Tinubu and Governor Babajide Sanwo-Olu. These claims emerged amidst ongoing discussions about the political landscape in Lagos, particularly as Sanwo-Olu’s tenure approaches its conclusion on May 29, 2027. Gbenga Omotoso, the Commissioner for Information and Strategy in Lagos State, took to the media to clarify the situation.

Omotoso stated, “Most of the things that you hear are mere speculations and imaginary things that people imagine.” He emphasized that there is no basis for the rumors, asserting that the relationship between Tinubu and Sanwo-Olu remains strong. He further noted that the President has not expressed any displeasure with the Governor, reinforcing the idea that their collaboration continues to be productive.

As part of the ongoing developments, President Tinubu is scheduled to visit Lagos State for the commissioning of significant infrastructure projects, including the Opebi-Mende Link Bridge. This project, which has a cost of 279 billion Naira, spans a length of 5.04 kilometers, with 2.80 kilometers of that being the bridged portion and an additional 146 meters of adjoining roads.

Omotoso remarked, “If he is not pleased with Mr Sanwo-Olu, he will not be coming to say that Mr Sanwo-Olu should host him.” This statement underscores the importance of the upcoming events and the collaborative efforts between the two leaders. The commissioning is expected to take place on April 8 and 9, 2026, prompting partial road closures in areas such as Opebi-Allen and Ojota, which are likely to cause traffic disruptions.

In light of these developments, Omotoso also addressed speculation regarding Tinubu’s potential endorsement of a successor for Sanwo-Olu, stating, “That is not even being discussed as far as I am concerned.” This comment highlights the current focus on the ongoing projects rather than future political maneuvering.

The relationship between Tinubu and Sanwo-Olu is crucial for the political stability of Lagos State, especially as the Governor’s term nears its end. The clarity provided by Omotoso regarding their relationship may help quell any concerns among constituents and political observers about potential discord.

As preparations for the commissioning events continue, the Lagos State Government is working to ensure that the infrastructure projects are celebrated as a testament to the administration’s achievements. The successful execution of these projects could further solidify the bond between Tinubu and Sanwo-Olu, showcasing their commitment to the development of Lagos.

In summary, the denial of a rift between Tinubu and Sanwo-Olu by Omotoso serves to reinforce the collaborative spirit within the Lagos State Government as they move forward with significant infrastructure initiatives. Details remain unconfirmed regarding any future political endorsements, but the focus remains on the present achievements and the upcoming commissioning events.

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Aminu Abdussalam Gwarzo has resigned as Deputy Governor of Kano State, with the resignation taking effect on March 27, 2026. This decision comes amid an impeachment plot against him by the Kano State House of Assembly.

In a letter addressed to Governor Abba Kabir Yusuf, Gwarzo stated, “I have taken this step in the spirit of responsibility and statesmanship, to allow the government and the state to move forward without undue distractions.” He emphasized that his resignation should not be interpreted as an admission of guilt, declaring, “This resignation is made voluntarily and should not be construed as an admission of any wrongdoing, but a decision in the interest of public service.”

The Kwankwasiyya Movement, which Gwarzo is associated with, described the resignation as a necessary decision for the stability of governance in Kano State. They stated, “This decision, though difficult, has been taken in the overall interest of the people and the stability of governance in Kano State.”

Gwarzo expressed gratitude to the people of Kano State and key stakeholders for their support during his tenure. His resignation is expected to trigger political consultations regarding his replacement.

Gwarzo’s resignation aligns with Section 306 (2) of the 1999 Constitution of Nigeria, which outlines the process for such a decision. Following his resignation, Gwarzo plans to focus on strengthening the Kwankwasiyya Movement ahead of the 2027 general elections.

The Kwankwasiyya Movement has urged supporters to remain calm in light of this development. The resignation follows heightened political tension in Kano State, particularly due to the impeachment proceedings initiated by the Kano State House of Assembly.

Details remain unconfirmed regarding the next steps for the Kano State government and potential candidates for Gwarzo’s replacement.

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Abdullahi Sule, the sitting governor of Nasarawa State, has announced that he is contemplating a bid for the Nasarawa North senatorial seat in the upcoming 2027 elections. This decision comes after considerable pressure from political leaders and constituents who have urged him to run for the position.

Initially, Sule had planned to support another aspirant for the senatorial seat but changed his course after the aspirant encouraged him to contest. This shift in strategy highlights the dynamic nature of political alliances and aspirations in the region.

Despite previously ruling out any intention to seek elective office after completing his second term as governor, Sule’s current deliberations reflect the influence of traditional rulers in the zone, who have played a significant role in persuading him to reconsider his stance. He has acknowledged that their support has been pivotal in his decision-making process.

As he weighs his options, Sule has indicated that he is still consulting widely with various stakeholders before making a final decision about his candidacy. He noted that the overwhelming pressure from parents, supporters, and individuals who have worked with him throughout his tenure as governor is a significant factor in his reconsideration.

Sule, who will complete his tenure as governor by May 29, 2027, currently serves as the Chairman of the North-Central Governors’ Forum. His leadership role in this capacity adds another layer of complexity to his potential senatorial ambitions.

In a recent statement, Sule remarked, “With all the pressure coming from our leaders, I promised them I will contest when the time comes.” This declaration underscores the expectations placed upon him by his political base.

Furthermore, he expressed, “The overwhelming pressure from parents, supporters, people that have worked with me throughout the period is so overwhelming that it is a situation that I can reconsider.” These comments reflect the significant influence of public sentiment on his political decisions.

As the political landscape evolves leading up to the 2027 elections, Sule’s potential candidacy for the Nasarawa North senatorial seat remains a topic of interest among constituents and political observers alike. Details remain unconfirmed regarding the final decision on his candidacy, but the discussions surrounding it continue to gain momentum.

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In recent discussions surrounding governance in Nigeria, Tunji Olaopa, the Chairman of the Federal Civil Service Commission, has brought attention to the critical need for rethinking the training of public servants. This dialogue is particularly significant as Nigeria navigates complex political landscapes and seeks to improve its governance structures.

On a notable occasion, Olaopa articulated his views, emphasizing that “the task of governance is too serious and critical to be left to the whims and caprices of the politicians alone.” This statement underscores a growing sentiment that effective governance requires more than just political acumen; it necessitates a foundation built on knowledge and expertise.

Olaopa’s remarks echo the philosophical views of historical figures such as Socrates, who argued that governance should be based on knowledge rather than popularity. He stated, “Governance, from this Socratic perspective, is a function of knowledge and not popular acclamation.” This perspective is crucial in a nation where the relationship between political scientists and politicians has historical significance, with many political scientists transitioning into political roles.

In his address, Olaopa also noted that impactful training for public servants is essential. He believes that the current state of governance in Nigeria cannot solely rely on politicians, suggesting that a more educated and trained civil service is necessary for effective administration. His call for reform in public service training reflects a broader understanding that governance is a multifaceted endeavor requiring diverse expertise.

Furthermore, Olaopa remarked, “We cannot assume that a politician cannot be a political scientist, or vice versa,” highlighting the interconnectedness of these roles. This statement invites a re-evaluation of the qualifications and backgrounds of those in political positions, advocating for a more integrated approach to governance.

As discussions continue, the implications of Olaopa’s statements resonate with many stakeholders in Nigeria’s political landscape. The emphasis on knowledge and training in public service could lead to significant changes in how governance is approached, potentially fostering a more informed and capable civil service.

Currently, the dialogue around public service training is gaining traction, with various stakeholders considering the potential reforms that could arise from Olaopa’s insights. The importance of this sequence of events lies in its potential to reshape the future of governance in Nigeria, ensuring that it is grounded in knowledge and expertise rather than mere political popularity.

As the situation develops, the focus on enhancing the training of public servants remains a pivotal issue that could influence Nigeria’s political and administrative landscape for years to come. Details remain unconfirmed regarding specific reforms or initiatives that may emerge from these discussions, but the conversation initiated by Olaopa marks a significant step towards improving governance in Nigeria.

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KPMG is positioning itself as a trusted advisor in Africa under the leadership of Tola Adeyemi, who has recently been appointed as the CEO for KPMG One Africa. This strategic move comes at a time when the continent is increasingly recognized as one of the most dynamic and promising regions in the global economy. Adeyemi emphasizes the importance of trust in governance, stating, “For us, the issue of trust is paramount. Trust is at the heart of everything that we do.” This focus on trust is reflected in KPMG’s introduction of independent directors in its governance council, aiming to enhance transparency and accountability.

In addition to governance reforms, KPMG is launching a procurement breakfast session aimed at transforming procurement practices across the continent. This initiative is part of a broader strategy to foster deeper regional integration in Africa through a ‘One Africa’ model. The emphasis on procurement transformation is seen as a critical step in enhancing operational efficiency and driving economic growth within the region.

Moreover, KPMG is leveraging Artificial Intelligence (AI) as a productivity and transformational tool. The firm recognizes the potential of AI to revolutionize various sectors, including finance and customer service. This technological focus aligns with KPMG’s ongoing commitment to innovation and excellence in service delivery, ensuring that it remains competitive in a rapidly evolving market.

As part of its innovation strategy, KPMG is also running the UK Tech Innovator contest, which is now in its 13th year. This competition seeks to identify and promote technological talent among tech and tech-enabled businesses. The regional heats for the contest will take place in May and June, culminating in a national final in July. Last year’s winner, Inicio AI, showcased the extraordinary depth of fintech and tech talent by using AI to improve customer affordability assessments.

Nicole Lowe, a representative from KPMG, noted, “Tech sits at the heart of everything we do and the UK provides so many great examples of innovation and potential in this sector.” This statement underscores KPMG’s commitment to integrating technology into its advisory services, which is essential for meeting the evolving needs of clients in Africa and beyond.

Rachel Curtis, the winner from last year’s UK Tech Innovator contest, expressed the impact of the recognition, stating, “Winning UK Tech Innovator was amazing for us and showcased the extraordinary depth of fintech and tech talent.” Such accolades not only highlight the innovative spirit within the tech community but also reinforce KPMG’s role in fostering such talent through its initiatives.

Looking ahead, KPMG’s efforts to enhance its advisory capabilities and embrace technological advancements are expected to yield significant benefits for businesses operating in Africa. Observers anticipate that these initiatives will not only strengthen KPMG’s market position but also contribute to the overall economic development of the region. As KPMG continues to implement its strategies under Adeyemi’s leadership, the firm is poised to play a pivotal role in shaping the future of business in Africa.

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Dauda Lawal, the Executive Governor of Zamfara State, has officially defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) as of March 9, 2026. This significant political shift was confirmed by the governor’s media aide, Nuhu Anka, during a stakeholders’ meeting held at the Government House in Gusau.

Immediate Circumstances

The decision to switch parties followed extensive consultations with political stakeholders in Zamfara State. Anka stated, “After careful consideration, and in the overriding interest of stability, progress, and the sustainable development of Zamfara State, Dauda Lawal has decided to formally defect from the Peoples Democratic Party to the All Progressives Congress.” This move comes amid internal challenges faced by the PDP, which have reportedly deepened over time.

Lawal’s defection increases the number of APC governors to 31, while the PDP is now left with only two governors. The announcement was made by the Deputy Governor, Malam Mani Mummuni, who emphasized that the decision was influenced by the “deepening internal crisis within the PDP” and the need for greater unity to address Zamfara’s pressing security and development challenges. Lawal is expected to seek re-election in the upcoming 2027 general elections.

Reactions and Statements

In his remarks, Anka highlighted that by joining the APC, the Governor reaffirmed his commitment to strengthening unity, improving security, and accelerating development in Zamfara State. He noted that this move would enable the state to benefit fully from stronger collaboration with the Federal Government.

Lawal’s defection follows a Court of Appeal judgment that upheld a ruling restraining the Independent National Electoral Commission from recognizing the outcome of the PDP national convention, further complicating the political landscape for the party.

Details remain unconfirmed regarding the full implications of this political shift, but it is clear that Lawal’s move marks a pivotal moment in Zamfara’s governance and party dynamics.

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“I’ve seen what one well-formed leader can do,” stated Olusegun Obasanjo during a recent lecture on leadership, marking his 89th birthday in Abeokuta, Ogun State. This statement encapsulates his long-standing belief that effective leadership is crucial for the development of African nations, a sentiment he has expressed throughout his extensive public life.

Celebrating a Milestone

Obasanjo celebrated this significant birthday by founding the Olusegun Obasanjo Leadership Institute (OOLI), aimed at nurturing future leaders. His contributions to Nigeria’s political landscape are profound; he served as the military head of state from 1976 to 1979 and later as a democratically elected president from 1999 to 2007. His insights on leadership continue to resonate, especially as he remains active in diplomacy and governance advocacy across Africa.

Political Aspirations of Iyabo Obasanjo-Bello

In a related development, Iyabo Obasanjo-Bello, Obasanjo’s daughter, is positioning herself as a formidable candidate for the 2027 governorship race in Ogun State. “I am a formidable person to beat because of my track record, and so I am going to go for it,” she declared, reflecting her confidence and ambition as she recently defected from the Peoples Democratic Party to the All Progressives Congress (APC).

A Legacy of Political Engagement

Iyabo Obasanjo-Bello’s political journey includes serving as a senator representing Ogun Central from 2007 to 2011. Her return to the political arena comes after two years of encouragement from her supporters, who have urged her to re-enter politics. The APC has maintained control of the Ogun State governorship for 15 years, setting the stage for a competitive race ahead.

Tributes and Reflections

Akinwumi Adesina, President of the African Development Bank, paid tribute to Obasanjo during the birthday celebrations, stating, “Today, we celebrate a man who walks across generations like a bridge between time and destiny.” Adesina’s words highlight Obasanjo’s enduring influence and the respect he commands across various sectors.

Obasanjo’s Ongoing Influence

As Obasanjo continues to engage in discussions about leadership and governance, he remains a pivotal figure in Nigeria and beyond. His assertion that leadership is the bane of development in African nations underscores the challenges that many countries face. “In the public square he cannot be silenced,” Adesina remarked, emphasizing Obasanjo’s commitment to advocacy and dialogue.

Looking Ahead

With the political landscape in Ogun State evolving, the upcoming elections will be closely watched. Iyabo Obasanjo-Bello’s bid for governorship is expected to draw significant attention, especially given her father’s legacy and influence. As the political dynamics shift, the impact of leadership on development remains a central theme in the discourse surrounding Nigeria’s future.

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