Business
RMAFC Boss Charges ACTU Members On Integrity and Accountability, Calls for Adherence to Core Values
Joel Ajayi
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), on Thursday, 30th July 2025, commenced a two-day induction and orientation training in Nasarawa State for newly inaugurated members of its Anti-Corruption and Transparency Unit (ACTU).
Speaking at the opening session, the Chairman of the Commission, Dr. Mohammad Bello Shehu, OFR, represented by Director Human Resource and Administration Mr. Rabiu Kabir urged the members to uphold the highest standards of integrity, responsibility, and commitment to national interest in the discharge of their duties.
He remarked, “ACTU’s mission to promote transparency and a corruption-free system aligns perfectly with our mandate, and I am confident that our collaboration will yield significant benefits.”
Dr. Shehu noted that the Commission was undergoing a critical phase, having recently achieved a major milestone with the signing of the RMAFC Bill into law by President Bola Ahmed Tinubu. He emphasized the need for them to demonstrate the Commission’s core values of fairness, justice, and equity.
Chairman also reiterated RMAFC’s shared vision with ACTU in contributing to national development, affirming the Commission’s commitment to supporting the unit while expecting equal dedication and diligence in return
In his closing remarks on behalf of the ACTU Chairman, the Secretary of the Unit, Mr. Mohammed Bashir Umar who described the training as a success, thanked all the participants for their commitment. He obseeved that the exercise had equipped members with the knowledge of how and when to apply extant rules effectively. “It is our responsibility to alert management to areas where the system is not functioning optimally,” he added.
He further highlighted the importance of ACTU within any organisation and urged members to remain proactive in identifying and addressing any irregularities. “ACTU is a special unit, each of us has a duty to strive toward correcting any abnormality we encounter,” he said.
The scope of the training covered several critical areas, including: Budget Monitoring and Implementation, Conduct of System Study and Review by ACTU, Overview of the ACTU Standing Order and Overview of Ethics and Integrity Compliance Study
Business
FG, Investonaire Academy Unveil National Programme to Equip 100,000 Youths with Financial Skills, Digital Wealth Tools
By Joel Ajayi
The Federal Government, in collaboration with Investonaire Academy, has unveiled a nationwide financial literacy and wealth-building programme targeting more than 100,000 young Nigerians. The initiative is designed to equip participants with practical skills in budgeting, saving, investing, asset building, and long-term financial planning, positioning them for sustainable prosperity in a rapidly evolving economy.
Launched on Tuesday in Abuja, the Honourable Minister of Youth Development, Comrade Ayodele Olawande, described financial literacy as a necessary survival tool for young people confronting today’s economic realities.
He noted that the initiative represents the foundation of a broader vision expected to extend beyond Nigeria to other African nations and global markets.
Reaffirming the Federal Government’s commitment to supporting over 4,000 corps members annually, the Minister said the programme will provide platforms, resources, and skills needed for both job creation and employability.
“The young people who understand money — how to save, invest, build assets, and manage risk — are the ones who will lead Nigeria into prosperity,” he said.
A major highlight of the launch was the expansion of the Nigeria Youth Academy, a digital platform offering mentorship, training, and startup support. According to the Minister, more than 200 startups will receive empowerment through the Academy’s e-app platform before the end of the year.
He stressed the need for deeper collaboration with private organisations, innovators, and youth-focused groups, noting that government alone cannot drive youth development. He further encouraged young Nigerians to embrace skills acquisition, innovation, and digital enterprise, saying these remain critical to reducing the desire for migration and increasing self-reliance.
Outlining the Ministry’s long-term commitments, Olawande emphasized three priorities: supporting youth innovation, equipping them with growth tools, and safeguarding millions of Nigerian youths under the Ministry’s mandate.
Speaking at the launch, Sebastien Sicre, Chief Operating Officer of Investonaire Academy, said the programme was crafted to revolutionize the way Nigerian youths learn and apply financial knowledge. He highlighted the Academy’s gamified Learning Management System (LMS), which offers interactive learning tools, community forums, and real-time mentorship to make financial education engaging and accessible.
Complementing the digital platform is a new 200-square-metre physical training centre in Abuja, opposite the NNPC Towers, where in-person workshops and mentorship sessions will take place.
The curriculum covers key global asset classes — including equities, commodities, forex, and indices — ensuring participants gain a broad understanding of financial markets.
Sicre added that with Federal Government backing, the programme seeks to unlock new opportunities, strengthen youth participation in the digital economy, and reward outstanding participants through a $1 million funding pool to support new and existing ventures.
International Programme Director of Investonaire Academy, Dr. Enefola Odiba, explained that the initiative aims to bridge long-standing gaps in financial education among Nigerian youths. While schools teach many subjects, he said, essential financial skills are often missing.
“Many people can earn money — earning money can be easy. The real challenge is retaining, managing, and growing that money,” he noted.
Referencing the Central Bank of Nigeria’s definition of financial literacy, Odiba stated that implementation remains a major national challenge. He said the initiative brings together government agencies, youth groups, academic institutions, and private-sector partners to translate strategy into measurable impact.
The programme’s curriculum covers budgeting, saving, investing, and financial planning — areas where many young people struggle. By offering practical training, real-world insights, and guided mentorship, the initiative aims to build a generation of financially empowered youth capable of driving innovation, entrepreneurship, and sustainable economic growth.
With this partnership, the Federal Government and Investonaire Academy share a common goal: to empower young Nigerians with the financial intelligence and digital tools needed to build wealth, grow businesses, and transform the nation’s economic future.
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