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Finance Ministry to Take Over CBN’s Finance Development Function

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By Yusuf Danjuma Yunusa

In a significant policy shift, the Federal Ministry of Finance will now assume responsibility for national development finance activities, a role previously managed by the Central Bank of Nigeria (CBN). This move aims to establish a clearer, more sustainable framework for mobilizing long-term investment into the country’s priority sectors.

The transition fills a strategic gap left nearly two years ago when the CBN halted its direct funding of development programs, which had constrained financing for critical areas like infrastructure, energy, and agriculture.

Unveiling the new strategy, the Minister of State for Finance, Doris Uzoka-Anite, announced that the ministry will issue comprehensive guidelines for a forward-looking development finance model. She positioned Domestic Development Finance Institutions (DFIs)—such as the Bank of Industry and the Nigerian Export-Import Bank—as central pillars in achieving Nigeria’s growth and investment ambitions.

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“Given the scale of Nigeria’s growth targets and the need to mobilize an estimated N246 trillion in patient capital by 2036, the government recognizes DFIs as essential partners,” Uzoka-Anite stated. “They will de-risk priority sectors, bolster investor confidence, and catalyze large-scale private capital.”

DFIs will provide long-term financing, concessional instruments, technical expertise, and risk-sharing to sectors where private investment has lagged despite strong potential. Key focus areas include infrastructure, energy transition, agribusiness, healthcare, climate-resilient industries, and digital public infrastructure.

The minister outlined a dedicated strategy to enhance the capacity and impact of domestic DFIs, among which are: enhanced capitalization, governance reforms, risk-sharing mechanisms, and treasury & policy alignment.

The ministry plans to leverage both domestic and international partnerships to accelerate capital mobilization and project delivery. Uzoka-Anite emphasized aligning all financing with climate resilience, financial inclusion, and sustainability goals in line with global standards.

“Nigeria’s reform momentum, policy clarity, and execution discipline create a credible platform for DFIs to deploy capital at scale with measurable impact,” she added.

This reassignment of responsibility follows the CBN’s strategic withdrawal from direct intervention financing. Shortly after his appointment, Governor Olayemi Cardoso announced the bank would cease funding development programs, refocusing on its core monetary mandates. In December 2023, the CBN formally suspended new loans under all existing intervention schemes while continuing to recover previously disbursed funds.

The Federal Government has affirmed its commitment to maintaining policy consistency and institutional coordination to ensure the success of this new DFI-led approach.

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Did El-Rufai and Ganduje Collaborate to Disappear Dadiyata?-Farooq Kperogi

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By Farooq Kperogi

Now that Abdullahi Ganduje has issued a (tepid) denial of Nasir El-Rufai’s televised allegation of his complicity in Abubakar “Dadiyata” Idris’ unexplained disappearance, I have a few thoughts to share.

Dadiyata and I followed each other on Twitter when I was active there, so I have a fair sense of what he tweeted about. El-Rufai correctly described Dadiyata as a Kwankwasiyya devotee. But Dadiyata was openly critical not just of Ganduje but of several APC figures, including Buhari and El-Rufai. Sadly, his Twitter handle has now been disabled, perhaps because of extended inactivity.

When Dadiyata was active on Twitter, Rabiu Kwankwaso and Atiku Abubakar were in the PDP, and Kwankwaso’s supporters were strongly associated with Atiku’s presidential bid.

While Ganduje may indeed have had strong political incentives to view Dadiyata as a threat in view of the intense rivalry between Ganduje and Kwankwaso, El-Rufai’s suggestion that Dadiyata was not a fierce critic of his does not square with the public record.

From my recollections, Dadiyata’s Twitter commentary frequently targeted El-Rufai, as many people have already pointed out.

It is also difficult to ignore that Bashir El-Rufai, El-Rufai’s son, had, in a December 2019 tweet, mocked both Dadiyata’s disappearance and the social media campaign for his safe return, saying, “Dangerous lies in the public space have consequences.”

That’s no proof that El-Rufai was guilty of disappearing Dadiyata, but given El-Rufai’s close relationship with his children, Bashir’s tweet is at least circumstantial evidence of El-Rufai’s knowledge of and unease with Dadiyata’s biting commentaries (disguised as “dangerous lies in the public space”) and his interest in making him pay for it (“consequences”).

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From my perspective, both El-Rufai and Ganduje have a probable political and emotional investment in squelching and disappearing Dadiyata, and I won’t be shocked if it later emerges that they collaborated to achieve this and that El-Rufai is squealing now only because he is still smarting from his painful exit from the inner circle of power, is now politically at odds with Ganduje, and thinks there will be no consequence for his disclosure.

I searched credible public records for a list of critics El-Rufai caused to be arrested, detained, prosecuted, or tortured when he was governor. Although many people mention “more than 20,” I was able to verify 15.

The U.S. State Department’s 2019 Human Rights Report, for example, said nine community elders in Southern Kaduna were detained “by order of Kaduna State Governor Nasir El-Rufai” in retaliation for criticizing him.

In 2016, a journalist by the name of Jacob Onjewu Dickson was arrested and charged for reporting that El-Rufai was pelted with stones. In the same year, Dr. John Danfulani, a lecturer, was arrested and prosecuted for his criticism of El-Rufai.

Other critics El-Rufai arrested and harassed are Audu Maikori (music executive, 2017); Luka Binniyat (journalist, 2017); Stephen Kefas (journalist/activist, 2019); and Bello Yabo (Islamic scholar, 2020).

The 15 is not, by any means, a ceiling. It is merely the lowest defensible count from cases I can verify. But I am certain there are more.

As for Ganduje, I have found at least five identifiable people who were arrested, detained, remanded, or taken to court for criticizing him.

They are Mu’azu Magaji, former Kano commissioner and critic; Abdulmajid Danbilki Kwamanda, politician and critic; Mubarak Muhammad and Nazifi Isa Muhammad, TikTok satirists; and Jaafar Jaafar, publisher of Daily Nigerian.

While most governors in Nigeria are morbidly intolerant of even the mildest criticism, El-Rufai enjoys notoriety as perhaps the most thin-skinned and intolerant governor since 1999.

Given their records of intolerance to criticism, the best I can surmise is that El-Rufai and Ganduje found common cause in silencing Dadiyata since he was severely critical of both of them.

Now, since El-Rufai appears to have information about Dadiyata’s disappearance, even going so far as to mention an unnamed police officer who reputedly told someone that Dadiyata’s arrest was ordered from Kano, we have, for the first time ever, a solid, potentially helpful investigatory lead.

Law enforcement authorities should, without delay, invite El-Rufai to disclose the identity of the police officer under conditions that allow independent verification. Ganduje’s disclaimer is not enough. He should also be questioned.

The disappearance of a citizen over expressed opinions is too grave to be reduced to political theater or media spectacle. I hope this provides an opportunity for Dadiyata’s family to get closure on this sordid episode.

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JUST IN: Kano Governor Removes Galadima, Appoints Emir of Gaya as Polytechnic Council Chair

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By Yusuf Danjuma Yunusa

Kano State Governor, Abba Kabir Yusuf, has relieved Engr. Buba Galadima of his appointment as Chairman of the Governing Council of Kano State Polytechnic.

The development was announced in a statement issued on Saturday by the governor’s spokesperson, Sunusi Bature Dawakin Tofa.

According to the statement, the governor has approved the appointment of the Emir of Gaya, Alhaji Dr. Aliyu Ibrahim Abdulkadir, as the new Chairman of the institution’s Governing Council.

The government said the decision was part of ongoing restructuring efforts aimed at aligning the polytechnic with the administration’s “Kano First Agenda.”

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Although members of the Governing Council are expected to serve a three-year tenure, the statement noted that Galadima’s appointment was terminated before its expiration due to reforms targeted at enhancing the institution’s performance.

Governor Yusuf expressed appreciation to Galadima for his service during his time as chairman and wished him well in his future endeavours.

He also urged the newly appointed chairman to deploy his experience and leadership capacity toward repositioning Kano State Polytechnic for improved academic and administrative excellence.

Galadima, a prominent figure in the New Nigeria Peoples Party (NNPP) and a close ally of Senator Rabiu Musa Kwankwaso, has been vocal in recent political developments in the state.

In an earlier interview with Trust TV, conducted amid speculation about Governor Yusuf’s political realignments, Galadima cautioned the governor against taking actions he described as contrary to Kwankwaso’s political influence.

He had asserted that many political office holders in Kano, across party lines, emerged through what he called the “Kwankwaso school of politics,” describing the former governor as a key political force in the state.

The latest development comes against the backdrop of shifting political dynamics in Kano State.

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Ramadan Unlikely to Begin on Wednesday – Nigerian Astronomer

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By Yusuf Danjuma Yunusa

Ramadan is unlikely to commence in Nigeria on Wednesday, February 18, 2026, following astronomical projections that indicate the crescent moon will not be visible on Tuesday evening.

Abubakar Simwal, an astronomer and member of the National Moonsighting Committee of Nigeria, said calculations show that the new moon will be too young and positioned too low on the horizon to be sighted—either with the naked eye or through a standard telescope.

According to Simwal, the astronomical conjunction of the Ramadan moon will occur at 1:01 p.m. Nigerian time on Tuesday, February 17. By sunset that day, the crescent will be less than six hours old across Nigeria, with an average elongation of about two degrees.

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He added that the moon is expected to set approximately nine minutes after sunset nationwide, a window he described as insufficient for visibility under established astronomical criteria.

“With this data, it is astronomically established that the crescent will not be visible in Nigeria on Tuesday, February 17, 2026, either with the naked eye or with a standard telescope. These calculations are carried out with a high degree of precision,” Simwal said.

Based on the projections, Ramadan is therefore likely to begin on Thursday, February 19, subject to official confirmation.

However, the formal declaration of the commencement of Ramadan rests with the Nigerian Supreme Council for Islamic Affairs under the leadership of the Muhammadu Sa’ad Abubakar, following the nationwide moonsighting exercise.

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