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Shettima demands more private sector engagement in healthcare reforms

Vice President Kashim Shettima has called for increased private sector participation in the ongoing reforms in the health sector and healthcare development across Nigeria.
He reaffirmed the Federal Government’s commitment to addressing critical deficits in the health sector through strategic partnerships and investments, noting however that the private sector has a very crucial role to play because the “government alone cannot shoulder this burden.”
The Vice President, who stated this on Saturday when he commissioned the Sulaiman Adebola Adegunwa Trauma Centre in Sagamu, Ogun State, said the health facility is a vital addition to the nation’s emergency care infrastructure and a symbol of the government’s dedication to saving lives.
Shettima revealed that President Bola Ahmed Tinubu has approved a “comprehensive Health Sector Renewal Investment Initiative, including the creation of over 8,800 new Primary Healthcare Centres across the country and the upgrade of existing tertiary institutions to handle trauma, oncology, and infectious disease control.
“In a nation facing rising urbanisation, motorisation, and industrial risks, trauma care is no longer optional—it is essential, Shettima added, describing the facility as “a lifeline and a symbol of preparedness in a nation that cares.”
He commended the Adegunwa family’s initiative, urging more philanthropists and corporate organisations to “rise beyond personal achievement and invest in nation-building.”
Describing the initiative as a model of private sector contribution to public health, VP Shettima said, “This centre is more than a birthday gift; it is a gift to humanity. It is a lifeline—a sanctuary where the wounded can find healing, and where families in despair can find hope”.
The facility built by the Sulaiman Adebola Adegunwa Foundation within the Olabisi Onabanjo University Teaching Hospital aligns with the Federal Government’s Health Sector Renewal Investment Initiative aimed at overhauling Nigeria’s healthcare delivery system.
“The Administration is investing in a National Health Insurance Scheme that leaves no Nigerian behind, and a Digital Health Information Management System that ensures data drives diagnosis and delivery,” the Vice President stated.
The commissioning ceremony coincided with the 80th birthday celebration of Alhaji Sulaiman Adebola Adegunwa, a former chairman of Sterling Bank Plc and CEO of Essay Holdings Limited, the parent company of Rite Foods Limited.
In his remarks, the Governor of Ogun State, Prince Dapo Abiodun, described the celebrant, Adegunwa, as “a philanthropist, entrepreneur and an astute businessman,” who even at the age of 80 has achieved greatness at all times.
Noting that the gathering was not only to honour Adegunwa but to also celebrate a legacy, a milestone and the father of modern philanthropy, Governor Abiodun expressed delight in commissioning the Trauma Centre donated by Pa Adegunwa to Olabisi Onabanjo University Teaching Hospital.
The Governor said it is a monumental facility established for the benefit of humanity and the betterment of mankind.
“In 2019 when I assumed office, this university was on its knees. It was like a ghost town; nobody came here for medical attention. It was one of the worst places I visited in my first term in office. In line with the recommendation of the committee we set up, we constituted the hospital governing board which did not exist for many years. I want to thank the Chief Medical Director for the great job she has done and the achievement that we are seeing today,” he stated.
Governor Abiodun thanked Vice President Shettima, who he described as a friend and a leader, saying it is gratifying to celebrate great leaders while they are still alive, thereby motivating others to do more.
Also, the donor and celebrant, Asiwaju Adebola Adegunwa, thanked the governor and all those who made the project a reality, noting that he is reminded by a passage in the Quran which enjoins everyone to spend from that which has been provided for them before it no longer exists.
He said right from his 56th birthday he had made a promise to give back to his community and impact as many lives as possible.
“Olabisi Onabanjo University holds a special place in my heart. On February 21, 1979, when the institution was still known as Obafemi Awolowo College of Health and Science, a group of six distinguished people visited my office to seek support for the institution.
“That meeting led to the establishment of a modern audio centre which I donated in celebration of my 58th birthday on April 4, 1995, and today, it’s still me with pride here with the current Chief Medical Director of the same hospital, Dr. Oluwabunmi Fatungase, among many who benefited from the medical facility during her medical training,” he explained.
Also speaking, the Chairman of the Board of Management, Olabisi Onabanjo University Teaching Hospital, Sagamu, Dr Kunle Hassan, said the trauma centre was designed to provide emergency medical care, management of trauma-related cases and significantly enhance the hospital’s capacity to deliver quality healthcare services to the people.
Hassan pledged that the management of the hospital would ensure effective utilisation of the facility and its maintenance so that it will continue to serve the community for generations to come.
He expressed profound gratitude to the donor, Chief Sulaiman Adebola Adegunwa, his foundation and members of his family for the remarkable gift.
“We had a budget of N800 million and instead of N800 million, he (Adegunwa) spent over N2 billion to build and equip the facility,” he said.
On his part, Oba Babatunde Adéwálé Àjàyí, the Akarigbo and Paramount Ruler of Remoland, while commending Chief Adegunwa for his selfless service to humanity, advocated for more federal presence in Remoland.
“Mr. Vice President, please convey to Mr. President, His Excellency, Asiwaju Bola Tinubu, our best wishes and let me note that we have a way of communicating privately but sometimes we say certain things publicly so that our people will know that we are trying.
“We need a lot of federal presence in Remoland. As of today, there is no single federal university or federal polytechnic in Remoland,” the traditional ruler said.
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Spokesperson Warns Nigerians Against Fake Ministry Of Foreign Affairs Recruitment Scam

By Gloria Ikibah


News
CBN announces revised documentation requirements for PAPSS transactions

The Central Bank of Nigeria (CBN) has announced a revised documentation requirement for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria.
This was disclosed in a statement issued by the apex bank’s acting Director, Corporate Communications, Mrs. Hakama Sidi Ali
The CBN said the new initiative is part of its ongoing commitment to foster seamless intra-African trade, financial inclusion, and operational efficiency for Nigerians engaging in cross-border payments within Africa.
Launched by Afreximbank in partnership with the African Union and the African Continental Free Trade Area (AfCFTA) secretariat in January 2022, PAPSS serves as a centralized payment and settlement platform that enables instant, secure, and efficient cross-border transactions throughout Africa.
By facilitating payments in local currencies, PAPSS minimizes reliance on third-party currencies, reduces transaction costs, and supports the rapid expansion of trade under the AfCFTA.
In a recent circular referenced TED/FEM/PUB/FPC/001/006 issued on April 28, 2025, CBN outlined the key changes to the documentation requirements associated with PAPSS transactions.
The key changes it added take effect immediately and include simplified documentation for low-value transactions, which allows customers to now use basic KYC and AML documents provided to their authorized dealer banks for low-value transactions of up to $2,000 and $5,000 equivalent in naira for individuals and corporate bodies, respectively.
“For transactions above the thresholds, all documentation as stipulated in the CBN foreign exchange manual and related circulars remains mandatory,” the bank said.
Also, the CBN added that applicants are responsible for ensuring all regulatory documents are available to facilitate the clearance of goods, as required by relevant government agencies.
“Authorized dealer banks may now source foreign exchange for PAPSS settlements through the Nigerian foreign exchange market, without recourse to the CBN.
“All export proceeds repatriated via PAPSS shall be certified by the relevant processing banks.
“The Central Bank of Nigeria urges all banks to adopt PAPSS and commence originating transactions in line with this new policy.
“In addition, CBN encourages exporters, importers, and individuals to familiarize themselves with the new requirements and leverage PAPSS for cross-border transactions within Africa,” the statement said.
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Reps Set Stage for Nigeria’s First Legislative Conference on Renewable Energy

By Gloria Ikibah
The House of Representatives is set to host the country’s first National Legislative Conference on Renewable Energy, aimed at driving new laws, attracting investment, and pushing Nigeria further along its energy transition journey.
This was revealed during a press briefing by the Chairman, House Committee on Renewable Energy, Rep. Afam Victor Ogene, who described the event as a turning point for energy legislation in Nigeria.
He said: “The conference aims at bringing together key stakeholders and industry players to discuss renewable energy legislations, energy transition, renewable energy financing, investment opportunities and related matters.
“It’s about developing a national legislative framework on renewable energy”.
The conference, which is being organised by the House Committee on Renewable Energy in partnership with the Office of the Speaker of the House of Representatives, and the United Nations Development Programme (UNDP), will take place under the UNDP Parliamentary Development Program.
Rep. Ogene noted that recent legal reforms have created space for state governments to play a more active role in Nigeria’s power sector. He pointed to the Fifth Alteration Bill 2022 (No.33), now signed into law, which allows states to legislate on electricity matters within the national grid. Before now, states could only act on off-grid power.
In addition, he highlighted the Electricity Act of 2023, which came into effect in February 2024.
“It permits states to issue licenses for all electricity activities – generation, transmission and distribution across the entire power sector value chain,” he said.
The Committee Chairman further stated that the new National Integrated Electricity Policy, expected in 2025, will guide states in forming new electricity markets, where solar power and other renewable sources will be key to reaching underserved communities.
Ogene explained, “The conference has three clear objectives:
“To promote dialogue among legislators, experts and stakeholders on critical legislative priorities.
“To establish a coordinated platform for federal and state lawmakers, and to produce a clear, time-bound legislative action plan.
“International partners are also on board. The Inter-Parliamentary Union (IPU) will participate, and parliaments from South Africa, Ghana and Gambia have confirmed attendance. Ghana is sending a three-man delegation led by the Deputy Speaker, Rt. Hon. Alban Kingsford Bagbin”.
In another major highlight, the Netherlands-based platform INCLUDE will host a Pan-African Legislative Dialogue session on renewable energy, to be chaired by the Hon. Speaker, Rt. Hon. Abbas Tajudeen.
“The session will focus on how to establish a unified legislative framework on renewable energy development, investment and financing.
“The time has come for us to act. This is not just another conference – it is the foundation of Nigeria’s renewable energy future”, Ogene added.
Expected outcomes from the conference include new policy and legislative reform proposals to boost renewable energy use, as well as draft laws that will encourage public and private sector investment.
Other goals are to enhance collaboration between federal and state lawmakers, raise public awareness, and roll out a practical roadmap for implementation and progress tracking.
The event will also feature a technology showcase of renewable energy innovations and business opportunities.
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