National News
79th UNGA: US Chamber Of Commerce Commits $320m To Mortgage Financing, SMEs, Others In Nigeria

79th UNGA: US Chamber Of Commerce Commits $320m To Mortgage Financing, SMEs, Others In Nigeria
*** As VP Shettima assures of President Tinubu’s dedication to investor-friendly nation
By: Our Reporter
Nigeria’s participation at the 79th Session of the ongoing United Nations General Assembly recorded the first success on Monday, as the President Bola Ahmed Tinubu administration’s commitment towards mortgage refinancing and women empowerment received the support of the United States Chamber of Commerce with a commitment of about $320 million.
This is just as Vice President Kashim Shettima , who is leading the federal government delegation and representing President Tinubu at this year’s UNGA, has met with other members of Nigeria’s delegation to strategise on Nigeria’s engagements in New York.

At a US-Nigeria Executive Business Roundtable hosted by the US Chamber of Commerce, Nisha Biswal of the American International Development Finance Corporation announced that with a portfolio of $1 billion, it was investing $200 million in mortgage refinancing in Nigeria.
The sum of $100 million has been earmarked for FCMB to finance SMEs in Nigeria, with particular interest in women empowerment.
The US Chamber of Commerce also announced that $20 million has been approved for a firm, Robust International, for processing of cashew nuts in Nigeria.
Biswal said the American Chamber remained committed to working with Nigerians in the development and pursuit of sustainable economic policies.
Appreciating the gesture of the group, Vice President Shettima reiterated President Tinubu’s commitment to investor-friendly policies.
He stated: “I urge you to give Nigeria the benefit of the doubt. The current administration led by President Bola Ahmed Tinubu is the most investor-friendly administration in the history of Nigeria. When fuel subsidy was an albatross around Nigeria’s neck, President Tinubu, from day one, hit the ground running by withdrawing the fuel subsidy and unifying the multiple opaque foreign exchange markets.”
Earlier on Monday, Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, led other members to brief the Vice President on the activities and itinerary lined up for him in New York.
Tuggar outlined the programmes and activities, saying the Vice President is expected to deliver President Bola Ahmed Tinubu’s national statement at the General Debate of the UN General Assembly.
Apart from President Tinubu’s national statement delivery, Vice President Kashim Shettima is also expected to meet with the Secretary General of the United Nations.
Aside other heads of states lined up to meet with the Vice President, there are also scheduled meetings with the head of the African, Caribbean and Pacific States; the President of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala; Director General of the International Atomic Agency, and multinational companies, among others.
Also on the itinerary of the Vice President is a meeting with the Bill and Melinda Gates Foundation and a host of other international partners.

Top Nigerian officials present at the meeting included the Minister of Communications, Innovation & Digital Economy, Dr. ‘Bosun Tijani; Minister of Women Affairs, Uju Kennedy-Ohanenye; Minister of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji; Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, and Minister of Industry, Trade and Investment, Doris Nkiruka Uzoka-Anite.
Others are Minister of Solid Mineral Development, Dele Alake; Minister of State for Environment, Dr. Iziaq Kunle Salako; Minister of Defence, Alhaji Mohammed Badaru Abubakar and Director-General of the National Intelligence Agency, Mohammed Mohammed, among many others.
79th UNGA: US Chamber Of Commerce Commits $320m To Mortgage Financing, SMEs, Others In Nigeria
National News
ECOWAS Calls for Investment in Plastic Eco-innovation to Ward of Threat of Pollution

ECOWAS Calls for Investment in Plastic Eco-innovation to Ward of Threat of Pollution
…Reaffirms commitment to clean environment
By: Michael Mike
The Economic Community of West African States (ECOWAS) has called upon all stakeholders in the region to Invest in eco-innovation and plastic alternatives as part of the efforts to address plastic pollution in the region.
The West African sub-region is said to generate nearly eight (8) million metric tonnes (MT) of plastic waste every year, a figure that is set to rise by 52% in the next five years.

More than 80 per cent of plastic waste is reported to be poorly managed in West Africa, adversely affecting human health, ecosystems and blue-economy sectors such as fishing and tourism.
ECOWAS made the call in Abuja on Tuesday at an occasion commemorating the World Environment Day, with the theme: “Together, We Can Beat Plastic Pollution”.
The Commission expressed worries that plastic pollution has become a transboundary problem that requires a coordinated regional response.
The Commissioner, Economic Affairs & Agriculture, Massandje Toure-Litse, speaking on the need to tackle plastic pollution,, said, is a test of the region’s resolve to act together, as governments, private sector actors, civil society, and citizens.
Toure-Litse, who was represented by the Acting Director, Environment and Natural Resources, Mr. Yao Bernard Koffi, therefore reaffirmed the commission’s commitment to a clean environment.
The ECOWAS commissioner said: “There is growing recognition that plastic pollution is a transboundary problem that requires a coordinated regional response.
“Tackling plastic pollution is a test of our resolve to act together — as governments, private sector actors, civil society, and citizens.
“ It is fitting that in this landmark year, we reaffirm our commitment to a clean, resilient, and sustainable environment for future generations.
“The theme for this year, “Together, We Can Beat Plastic Pollution”, resonates deeply with our regional priorities. Plastic pollution is not only a global menace but a regional and national crisis.
“There is growing recognition that plastic pollution is a transboundary problem that requires a coordinated regional response. ECOWAS has therefore committed to addressing persistent challenges by adopting Regulation C/REG.17/12/23 on plastics management in 2023, requiring member states to harmonize regulations on plastic products and adopt best practices in plastic waste management.
“Let us be reminded that this challenge is not insurmountable.”
The Commissioner also noted that it is not all gloomy as Ghana and Nigeria are witnessing innovative approaches, scaling up circular economy initiatives.
She also revealed that Senegal and Côte d’Ivoire have introduced plastic bag bans and extended producer responsibility frameworks, while noting that the ECOWAS Commission is supporting Member States to harmonize environmental standards and promote green industrialization.
The Commissioner added that: “But we must do more collectively and urgently. The ECOWAS Vision 2050 identifies environmental sustainability as a pillar of inclusive development. Tackling plastic pollution is a test of our resolve to act together — as governments, private sector actors, civil society, and citizens.

“To this end, a draft regional plastics management plan has been developed with support from the World Bank.
“We call upon all stakeholders in the region to: Invest in eco-innovation and plastic alternatives; Support community-led waste management solutions; Strengthen enforcement of environmental regulations; and Foster youth-driven climate action, because the future belongs to them.”
She further added: “As we celebrate World Environment Day in this Jubilee Year, may our legacy be one of action over words, solutions over excuses, and unity over indifference. The ECOWAS Commission stands ready to work side-by-side with Nigeria and all partners to beat plastic pollution not tomorrow, but today.
“Let us rise to this moment. Let us protect our environment.”
On his part, Nigeria’s Minister of Environment, Balarabe Abbas Lawal, said “Plastic pollution is not just an environmental issue but also an economic and public health crisis.”
He decried that every minute, plastic waste is being dumped into our oceans, rivers, and drainage systems, endangering wildlife and contributing to flooding in our urban centres.
He decried that: “Like many other nations, Nigeria faces significant challenges in managing plastic waste.”
He said the country suffers from burden of unchecked plastic pollution.
Lawal said: “Our cities and rural communities suffer from the burden of unchecked plastic pollution ranging from sachet water bags littering our streets to microplastics entering our food chain and causing public health concerns.”
He therefore assured ECOWAS of the Federal Government of Nigeria’s commitment to a cleaner, greener, and more resilient environment.
“I would like to assure you that the Federal Government of Nigeria, under the leadership of President Bola Ahmed Tinubu, GCFR, is committed to a cleaner, greener, and more resilient environment. In line with the Renewed Hope Agenda, we are taking decisive steps to address plastic pollution at all levels,” he said.
The Minister also listed efforts made by the Nigeria government to tame plastic pollution to include: developing and implementing a National Policy on Plastic Waste Management, which provides a strategic framework for reducing plastic use, promoting recycling, and encouraging innovation in alternatives to single-use plastics.
He also noted that the ministry is supporting innovative circular economy models to drive recycling and promote plastic alternatives, especially across government ministries, departments, and agencies.
He added that the ministry launched the Extended Producer Responsibility (EPR) Programme, which mandates producers to take responsibility for the entire lifecycle of their plastic products—from production to disposal.
He said that “The Ministry is collaborating with key stakeholders across government, industry, and civil society to ensure that environmental policies translate into meaningful impact.”
ECOWAS Calls for Investment in Plastic Eco-innovation to Ward of Threat of Pollution
National News
Benue Killings: President Tinubu Asked to be Audacious in Seeking Solution

Benue Killings: President Tinubu Asked to be Audacious in Seeking Solution
By: Michael Mike
President Bola Tinubu has been asked to be audacious in the battle to end insecurity and incessant attacks and killings in parts of the country.
Reacting to recent Benue killings which left scores dead, an hostile environment journalist and Chairman, Northern Christian Youth Professionals, Isaac Abrak in a letter to President Bola Tinubu, copy of which was made available journalists, said: “But we cannot afford to fold our arms in despair. We must act differently. We must try something new, even if it has never been attempted anywhere in the world. For the sake of our people—our children, our farmers, our security personnel—we must do something bold to stop this carnage.”
Abrak, while stating that “many of those who will oppose this letter are not the ones burying loved ones or watching their communities burn. They analyze from afar, removed from the pain. But real solutions come from those who feel the loss, from the hearts of those closest to the suffering. The Forest Guard must be led not by theories, data sheets, or “Harvard-trained analysts” alone—but by those who bleed when our villages bleed,” said: “I write this letter with a heavy heart. As someone who has spent most of my life reporting from hostile zones across our region, it has become painfully clear that the cycle of killings in our beloved country—particularly in the Middle Belt, as seen again in Benue—is unrelenting.
“Despite the gallant efforts of our military, police, and other security agencies, the attacks persist. Each time our forces strike a blow against the perpetrators, they appear to retreat briefly—only to re-emerge with even greater violence, targeting our most vulnerable: poor, innocent rural dwellers.”
Abrak said: “Mr. President, you understand this urgency. That is why you honored your campaign promise by approving the establishment of the Armed Forest Guard —a groundbreaking initiative that has all the potentials to be the game-changer we desperately need.
“We believe that this Forest Guard has the potential to work—100 percent. Why? Because history in Nigeria has already shown us the way.
“When you introduced LASMA and LAWMA in Lagos, you transformed the so-called “Area Boys”—once a nuisance on our streets—into contributors to order and cleanliness. When CJTF was established in Borno, the same young men once targeted by Boko Haram were mobilized to protect their communities, and they became a vital force in pushing the terrorists back.”
He said: “Mr. President, after 16 years of reporting from conflict zones, I can say with conviction that those responsible for these killings are not strangers—they are often part of the very communities we are trying to protect. Whether they are Fulani, Tiv, or from any other ethnic group, they are either complicit or, at the very least, enabling the violence.
“That is why the Forest Guard must be community-driven. Carefully selected young men and women—hunters, ex-servicemen, with deep roots and love for their communities—should be recruited to defend their forests. If implemented with sincerity, this initiative will succeed just like LASMA, LAWMA, and CJTF did.
“Of course, there will be critics—there always are. Many will see only the challenges and not the possibilities. But you have shown time and again that real leadership is about confronting problems, not running from them. I was in Lagos and witnessed firsthand how you stood firm in the face of criticism to birth innovations that have since transformed lives.”
National News
At 4th ASIF Meeting, President Tinubu Demands Collective Action To Develop Africa

At 4th ASIF Meeting, President Tinubu Demands Collective Action To Develop Africa
** Urges relevant institutions to utilise continent’s sovereign wealth funds with sound financial discipline
By: Our Reporter
President Bola Ahmed Tinubu has called for collective action and regional cooperation among African countries in actualising transformative development on the continent.
Specifically, he said shrewd utilisation of sovereign wealth funds is crucial in ongoing efforts to close the infrastructure gap, build climate change resilience and create job opportunities for the growing youth population on the continent.

The President gave the charge on Monday in Abuja when he declared open the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF), hosted by the Nigeria Sovereign Investment Authority (NSIA).
President Tinubu who was represented by his deputy, Vice President Kashim Shettima, noted that the forum’s meeting with the theme, “Leveraging African Sovereign Wealth Funds to Mobilise Global Capital for Transformative Development in Africa,” was holding at a time the world is witnessing rapid transformation and is under pressure to think outside the box.
For Africa, the Nigerian leader said it is time to position the continent to seize the opportunities rooted in the wave of global change, just as he asked African nations to take a cue from evolving sovereign wealth funds across the world, which have moved beyond serving as mere fiscal buffers to become architects of national transformation.
“Our future lies not in working in silos but in pursuing regional cooperation and collective ambition. Our sovereign wealth funds must become the anchors for pan-African investment platforms that de-risk projects, standardise processes, and deliver sustainable outcomes at scale. This is not just a strategy. This is a necessity,” he declared.

Acknowledging that Africa is currently facing a development dilemma, as it contends with limited fiscal space amid growing expectations and demands for long-term capital to fuel inclusive and sustainable growth, President Tinubu, however, identified creativity as a solution to the puzzle.
He said, “There can be no greater inspiration to reimagine how we invest, whether in setting up critical infrastructure, strengthening our climate resilience, promoting food security through agricultural innovation, supporting micro, small and medium enterprises, or embracing the digital economy to create jobs and expand opportunity.
“None of these is possible without catalytic institutions that combine strategic foresight with sound financial discipline. This is why the Nigeria Sovereign Investment Authority stands not only as a steward of our sovereign capital but as a vehicle for the delivery of strategic infrastructure.
“It is a catalyst in our national quest to redeem renewable energy, healthcare, agriculture, and much more. It is also a hub for pioneering innovative capital mobilisation solutions tailored to the realities of our continent.”

The President noted that ASIF has the pan-African apparatus to harness the collective strength of the continent’s sovereign investment institutions, just as he maintained that the time to act was now.
“We must act and act now to close the infrastructure gap, build resilience to climate change, and create jobs for our expanding youth population. This is precisely why platforms like the Africa Sovereign Investors Forum are not just relevant but essential.
“ASIF offers a pan-African mechanism to harness the collective strength of our sovereign investment institutions. It gives us the power to share knowledge, co-invest across borders, and speak with a unified voice in the global financial ecosystem. Through this kind of collaboration, we will attract the scale of capital required to unlock Africa’s latent potential,” he stated.
President Tinubu applauded the formal launch of the ASIF Investment Platform, saying it is a strategic initiative that deepens collaboration among Africa’s sovereign wealth funds.
The platform, according to him, is not just an innovative tool but also a bold move that pools the continent’s capital, expertise, and networks to mobilise financing for high-impact, cross-border projects, as well as “a step forward in advancing inclusive and sustainable development across the continent.”
He expressed delight that the Nigeria Sovereign Investment Authority (NSIA, as a founding member of ASIF) has taken an active role in advancing the vision, even as he commended its leadership for “mobilising like-minded African funds and international partners to design long-term, impactful investment solutions”.
Earlier, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, listed priorities for stakeholders at the forum to include capital mobilisation at scale, regional and intercontinental collaboration, human capital and policy alignment, noting that they are critical for transformative development across the continent.
He expressed hope that the ASIF meeting would birth significant transactions that can mobilise the required resources, drive economic transformation across Africa, forge impactful partnerships and build a sustainable future.
In his remarks, President of AfreximBank, Prof. Benedict Oramah, emphasised the need for stakeholders to keep African sovereign wealth funds on the continent by investing in domestic markets.
He noted that the forum can help reshape Africa’s development financing in a manner that gives the continent greater opportunity to determine its development trajectory.
The AfreximBank boss dismissed insinuations that Africa does not have bankable projects, noting that the potential across the region is huge and the challenge lies with stakeholders, especially managers of sovereign wealth funds in the continent, to rethink strategies for investment, prioritising domestic investments.
On his part, Chairman of African Sovereign Investors Forum (ASIF), Mr Obaid Amrane, said while Africa is open for business, the forum is committed to facilitating the participation of sovereign investors in Africa’s transformation.
He said in just three years, ASIF has made significant strides in enhancing Africa’s global positioning, closing the infrastructure funding gaps across the continent and promoting greater collaboration among governments and sovereign investors in transformative projects that impact lives across the length and breadth of the region.
In his remarks, the Managing Director, Nigeria Sovereign Investment Authority, Mr Aminu Umar-Sadiq, explained the focus of the meeting, noting that private capital plays a critical role in driving investments in infrastructure development on the continent.
He outlined the priority areas of the meeting and noted that the forum will catalyse investments across Africa and beyond, impacting lives through projects across diverse fields.
For his part, Pan-African activist, Prof. PLO Lumumba, called on leaders across Africa to leverage huge resources domiciled on the continent to invest in the future of unborn generations by investing more within the continent, noting that sovereign funds should be invested within and not outside Africa.
He said it is an intergenerational duty for political and economic leaders on the continent to cater for generations yet unborn, adding that Africa’s resources are inexhaustible, hence leaders must invest in the future of generations to come.
Also present at the event were Minister of Industry, Trade and Investment, Dr Jumoke Oduwole; President/CEO of Africa Finance Corporation, Mr Samaila Zubairu; CEO & Special Representative of the UN Secretary General for Sustainable Energy for All and Co-Chair, UN-Energy, Ms Damilola Ogunbiyi; Chairman of Federal Inland Revenue Service, Mr Zacch Adedeji; CEO of Africa50, Mr Alain Ebonisse, and Director General, International Solar Alliance, Mr Ashish Khanna, among others.
At 4th ASIF Meeting, President Tinubu Demands Collective Action To Develop Africa
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