News
Constitution Amendment: South-East Demands Rotational Presidency, Legislative Seats For Women
The people of the South-East have demanded a constitution that allows for the rotation of the presidency and grants full autonomy to Local Governments in the country.
They requested the South-East Zonal Public Hearing on Review of the 1999 Constitution, organised by the Senate on Friday in Enugu.
Speaking during the exercise, Governor Peter Mbah of Enugu State noted that the concept of a rotational presidency was paramount to the Southeast.
The governor said the state believed that adopting a rotational presidency among the six geopolitical zones, this would provide every region, including the Southeast, a fair chance at the nation’s highest office.
\Mbah, represented by the Secretary to the Enugu State Government, Prof. Chidiebere Onyia, added that the idea would foster a greater sense of belonging and national unity.
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Similarly, the governorship should rotate among senatorial zones, and legislative seats should be allocated among constituencies, ensuring broader representation and participation at all levels of governance.
“To further enhance inclusivity, particularly for women, we propose legislative seats. We advocate for one additional Senate seat per state for women and two additional House of Representatives seats per state.
“As a state, we advocate for three additional assembly seats per state for women.
“This measure will significantly boost gender parity and ensure active participation of women in governance and in decision-making processes,” Mbah said.
The governor also called for the institutionalisation of Local Government Councils as a truly autonomous form of government team.
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According to him, the current practice where state governors meant for local governments and appoint caretaker committees instead of elected representatives and hinder grassroots development.
“We urge the committee to reinforce section1999 constitution to ensure the democratic existence of local governments, allowing them to directly access their funds from the national consolidated account,” Mbah said.
The governor equally called for legislative powers, enhancements, and fiscal reforms that would devolve more powers and resources to the states.
He stressed that the current concentration of power at the centre, a legacy of the military rule, had stifled the growth and development of sub-national entities.
“A true federal system requires that states are autonomous entities with sufficient powers and resources to positively impact the lives of their citizens,” he concluded.
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On his part, Governor Francis Nwifuru of Ebonyi State called for the creation of an additional state in the Southeast to bring them on par with other geopolitical zones of the country.
Nwifuru, represented by the Speaker, Ebonyi State House of Assembly, Mr Moses Odunwa, also called a for women’s inclusiveness and reserved political seats for women.
“If a particular seat has been designated for women, all the parties will feature women candidates to fill in the space,” he said.
The public hearing was attended by government officials, traditional rulers, NGOs, and civil society organisations.
(VANGUARD)
News
Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses
The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.
DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.
A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.
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“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.
“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.
“This contradiction will no longer be tolerated,” the statement said.
News
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
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“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
News
Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.
Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.
He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.
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“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.
He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.
“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.
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“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.
DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.
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