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How Zulum Signposts Borno Renascence

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How Zulum Signposts Borno Renascence

…_Accomplished more than 20 Impact-driven Engagements in One Month._

Global testaments: Zulum’s policies, programmes and projects are credible milestones to Borno rebirth

By: auda Iliya

Often, the beginning of the year is typically devoid of splendour and fanfare following the festive season.

However, this was not the case for the Borno State governor, Babagana Umara Zulum, as he began the New Year in his vintage tradition of trotting around the state, delivering service to the various communities according to the state recovery policies and programmes.

Governor Zulum had registered nearly 30 high-impact, people-centred accomplishments, covering various parts of the state and extending beyond the country’s shores, in the month of January 2025.

On the 1st day, the Governor delighted pensioners in the state with a New Year gift, announcing the allocation of 8 billion naira for the payment of outstanding pensions and gratuities for retired primary school teachers and other civil servants.

Zulum plays no politics with the issue of education and its providers – the teachers, serving or retired, to whom he accords critical recognition, as he lays the sound foundation for the state’s rapid recovery, stabilization and growth, with education as the springboard.

Therefore, to spur all serving teachers to offer their best services and assure them of an economically-secure retirement life, Zulum, for a spectacular instance, announced that backlog of liabilities in pensions and gratuities be cleared for retired primary school teachers and other civil servants that have worked with the government between 2019 and 2021, promising: “I will clear all liabilities before I leave office in 2027.”

In a striking move, Zulum spent his first official working day of the year in Bama, with a daring and historic visit to Abbaram, a community in the outskirt of Bama town, in a bid to advance recovery and resettlement efforts in the region.

Since 2019, Zulum has been trotting around the state, clearing all encumbrances in the resettlement and rehabilitation of the returnee communities and ministering to their needs.

“Our goal is not just to rebuild what was lost but to lay a foundation for a sustainable future. We will assess communities for IDP relocation, reconstruct critical infrastructure, and establish educational facilities to serve the people of Bama,” he said.

Similarly, during his 2-day working visit to Bama, he announced the spectacular gesture of subsidizing the price of petrol to N600 for farmers in communities affected by insurgency and his simultaneous distribution of farm inputs to 5,000 returnees.

While a litre of petrol sold between N1,000 and N1,200 in Maiduguri and surrounding LGAs, it was subsidized to the farmers for N600. This was aimed at alleviating the financial burdens faced by farmers in communities that have suffered economic and infrastructural destruction due to years of conflict.

Zulum recalled that a similar initiative implemented in Damasak, Mobar Local Government Area, last year has significantly increased food production and improved livelihoods.

Consequently, on the 6th day, the governor signed the 2025 appropriation bill of N615.8 billion into law. Zulum presented the budget estimate of N584.76 billion on the 9th of December, 2024, passed by the State Assembly on 24th December with a marginal increase of N31 billion after extensive deliberations by members of the House.

“This year is very important for me because I want to complete all my promises I made during 2023 electioneering campaigns,” Zulum said.

On the same day, Zulum presided over the maiden state executive council meeting for the year 2025, where 42 memos were considered.

Some of the far-reaching decisions made included the approval to rename Borno State University to Kashim Ibrahim University Maiduguri, streets naming and house numbering, the dualisation of Airport road, and other projects in the health and education sectors.

Relatedly, on the 7th day, Governor Babagana Umara Zulum delivered the 20th-anniversary lecture Al-Hikmah University in Ilorin, Kwara State, themed “Two Decades of Excellence: Al Hikmah University’s Impact on Scholarship and Educational Development in Nigeria “.

On 8th day, the Governor visited N’djamena, Chad republic for the 2025 MNJTF, Operation Desert Sanity 2 medal award.

In his usual benevolence, Zulum donated N300 million to the families of troops who lost their lives in the ongoing battle against Boko Haram insurgents.

He said the donation would be disbursed through the “Tribute to Our Troops Charity Foundation,” which aims to honour the fallen heroes, celebrate serving men and women who fight endlessly to keep Nigeria’s territorial integrity intact and reach out to the families they left behind.

On the 9th day, Governor Babagana Umara Zulum inaugurated 3 boards in an efforts to bolster the healthcare delivery service in the state. They are, the Kashim Ibrahim Teaching Hospital management board, the Hospitals Management Board and the State Primary Healthcare Development Board.

On the same day, Zulum commissioned some projects executed by the management of Borno Geographic Information Service (BOGIS) where the he commended the Executive Secretary, Engr. Adam Bukar Bababe for transforming land administration in the state.

On the 10th day, the Governor played host to the Director General, Nigerian Institute of Leather Science and Technology (NILEST), Dr. Auwal Mustapha Imam at the Government House. Zulum expressed commitment to revitalizing the leather and hides and skin industry to drive economic growth.

Zulum on the 11th day launched Nigeria’s first-of-its-kind livestock ranch at Ngarannam, Mafa Local Government Area of Borno State.

Delivering his address, Governor Zulum noted that Ngarannam Livestock Improvement and Ranch Settlement is a 4-square km project built for 461 nomadic families from eighteen communities affected by Boko Haram insurgency.

On the 13th day, the Borno State governor launched a free eye surgery programme for 10,000 residents suffering from various visual impairments, including cataracts.

As part of his agricultural production resuscitation drive in the Lake Chad shores, Governor Zulum on the 15th day, inspected the 2,000-hectare solar-powered surface irrigation system being used for the cultivation of wheat and cassava in Mile 3, Baga, Kukawa local government.

The governor emphasized that this irrigation project marks a significant milestone in efforts to enhance farming activities and achieve food security not only in Borno State but across the nation.

Another gleaming signpost to Borno renascence is Zulum’s mass housing units and ICT centre at Monguno.

The German Ambassador, Annet Gunther on the 16th day unveiled the resettlement houses for internally displaced persons (IDPs), Nigeria’s UNDP Country Representative, Elsie Attafuah conducted the commissioning of a 100-person capacity ICT centre to facilitate digital education.

Zulum announced that these accommodations will play a crucial role in the voluntary decongestion and eventual closure of some IDP camps in Monguno, ensuring a smoother transition for resettling families.

So exceptionally well, Governor Zulum seems to have performed in signposting a renascent Borno that the Society for Peace Studies and Practice (SPSP) on the 20th day, decorated the Governor with a fellowship and announced a plan to commission a study on the positive impact of his administration.

EU has joined supra national agencies in the race to praise Governor Zulum Borno Post-Conflict recovery efforts.

On the 24th day, the European Union noted with fascination the Muna Vocational Training Institute, which trains youth, particularly those affected by the over one-decade-long Boko Haram insurgency.

Similarly, on the 27th day, the Governor opened the Banki International Cattle Market in the border town of Banki, Bama local government.

On the 28th day. Zulum joined the Vice President, Senator Kashim Shettima to officially open the 6th Expanded National MSME Clinics and Fashion Hub in Maiduguri, where an unconditional grant of N300,000 was given to participating entrepreneurs.

On the 29th day, Zulum participated in the 5th edition of the Lake Chad Basin Governors’ Forum meeting in Maiduguri.

Zulum emphasized during the 3-day meeting that his administration has prioritized agricultural transformation as a key pillar of our recovery strategy, with a focus on irrigation systems, resilient crop production and support for smallholder farmers to ensure food security for the people.

He called for the establishment of large-scale irrigation farms as key solution to addressing the escalating food insecurity in the Lake Chad Basin region.

The adoption of the Borno Model of societal recovery by the governors of the eight terror-troubled states of the Lake Chad Basin at the end of the fifth edition of their Forum’s meeting in Maiduguri, Borno State, Friday, January 31, 2025 delivered two salient messages about the rebuilding and stabilization of a region pummeled for a decade and a half by a global-class terror and its concomitant humanitarian crisis.

Global and regional agencies and personalities have delivered lavish testament to the fact that every policy, programme and project by Governor Babagana Zulum’s administration in Borno State is a signpost to a post-terror renascent Borno bubbling with possibilities, potentials and opportunities for a sustainable prosperity.

Indeed, the month of January had been full of engagements, as Zulum signposts Borno renascence.

Dauda Iliya is the Special Adviser on Media/Spokesperson to Borno State Governor.

How Zulum Signposts Borno Renascence

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UNFPA, Signify partner to illuminate 10,000 healthcare facilities in seven states

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UNFPA, Signify partner to illuminate 10,000 healthcare facilities in seven states

…₦-free solar intervention targets underserved communities, strengthens maternal healthcare, emergency response, safety of women and girls

By: Michael Mike

The United Nations Population Fund (UNFPA) and the Signify Foundation have entered into a three-year partnership to deploy 10,000 solar lighting solutions to healthcare facilities in seven states and the Federal Capital Territory (FCT), in a move to address poor lighting and improve access to essential health services in underserved communities.

The initiative, which targets hard-to-reach communities, is designed to tackle one of the often-overlooked challenges confronting healthcare delivery in Nigeria: inadequate and unreliable electricity, particularly in facilities providing maternal and reproductive healthcare services.

Under the partnership, 4,170 Philips Essential SmartBright solar streetlights and 5,830 solar floodlights will be installed across selected healthcare facilities in Borno, Yobe, Lagos, Ogun, Sokoto, Akwa Ibom and the FCT.

The first consignment of 3,334 units, comprising 1,390 solar streetlights and 1,944 solar floodlights, is expected to arrive in Nigeria before the end of 2026.

The intervention is expected to improve the safety, accessibility and operational capacity of health facilities, particularly those serving women, girls, adolescents and other vulnerable populations.

Facilities to benefit include safe spaces, youth-friendly centres, obstetric fistula centres and MAMII health facilities, where reliable lighting is critical to ensuring that patients can access services in secure and dignified environments.

The partnership also comes against the backdrop of persistent electricity challenges in underserved communities, where inadequate lighting can constrain the delivery of healthcare, particularly at night, and expose patients and health workers to additional safety risks.

For maternal healthcare facilities, the availability of reliable lighting is particularly important for emergency deliveries, obstetric interventions and other situations requiring immediate medical attention outside normal working hours.

UNFPA Resident Representative in Nigeria, Ms Muriel Mafico, said reliable electricity remained one of the strongest enablers of quality healthcare, describing the partnership as an important intervention towards improving health outcomes in both development and humanitarian settings.

She said the provision of solar lighting would strengthen healthcare delivery by improving local infrastructure and enabling communities to extend service hours.

“This partnership will strengthen Nigeria’s healthcare delivery system by improving local lighting infrastructure.

“Reliable lighting will enable communities to extend service hours, strengthen emergency and maternal health responses, and improve confidentiality and safety for survivors in designated safe spaces. It will also create opportunities for youth engagement,” Mafico said.

She added that illuminating critical community facilities would support safer environments, strengthen community resilience and contribute to better outcomes for vulnerable populations.

Beyond healthcare delivery, the initiative is expected to improve protection and dignity for women and girls, particularly survivors of gender-based violence who require access to confidential support services in safe spaces.

The lighting intervention will also benefit adolescents and young people accessing youth-friendly centres, where a secure and welcoming environment is essential to encouraging them to seek information and essential health services.

Director of the Signify Foundation, Yue Cui, said the partnership reflected the importance of providing healthcare facilities with the infrastructure required to deliver services safely and effectively.

She said quality healthcare depended not only on medical personnel, medicines and equipment but also on creating safe and adequately lit environments for patients and health workers.

“Solar lighting is a practical solution, it is easy to install and maintain, and can serve communities for years.

“At a time when humanitarian resources are stretched, we hope this partnership shows how our interventions can make essential healthcare services safer and more accessible,” Cui said.

The partnership builds on previous interventions by the organisations in Syria and Sudan, extending their collaboration on sustainable lighting solutions to underserved communities in Nigeria.

The three-year programme also highlights the growing role of renewable energy interventions in strengthening essential social infrastructure, particularly in communities where conventional electricity supply remains unreliable or inaccessible.

UNFPA, the United Nations’ sexual and reproductive health agency, works towards a world where every pregnancy is wanted, every childbirth is safe and every young person’s potential is fulfilled.

The Signify Foundation, an independent non-profit organisation primarily funded by Signify, works to expand access to lighting among underserved communities across the world.

With the first consignment expected before the end of 2026, the partnership is expected to provide an additional layer of support to healthcare facilities, particularly those operating in difficult humanitarian and development environments.

UNFPA, Signify partner to illuminate 10,000 healthcare facilities in seven states

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Nigeria, India Sign Human Rights Agreement as Fagbemi Pledges Support for Implementation

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Nigeria, India Sign Human Rights Agreement as Fagbemi Pledges Support for Implementation

…AGF calls for stronger institutional independence, practical safeguards for citizens amid emerging AI-related human rights challenges; NHRC records 384,196 complaints in October

By: Michael Mike

Nigeria and India have signed a bilateral agreement to strengthen human rights protection, institutional capacity and access to justice, with the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, pledging the Federal Government’s support for its implementation.

Fagbemi described the agreement as a strategic partnership between the two countries, stressing that its success would ultimately be measured by its impact on ordinary citizens, particularly vulnerable and marginalised groups seeking justice.

The agreement, executed between Nigeria’s National Human Rights Commission (NHRC) and its Indian counterpart, is designed to deepen institutional cooperation, facilitate knowledge transfer, promote technical exchanges and strengthen operational capacity in addressing human rights violations.

The Attorney-General stated the Federal Government’s position when he received a joint delegation of the two commissions at the Federal Ministry of Justice in Abuja, describing the partnership as timely in an increasingly interconnected world where effective human rights protection requires stronger legal frameworks, institutional collaboration and respect for the rule of law.

The development followed an engagement between the two commissions and the Chief Justice of Nigeria (CJN) at the Supreme Court Complex, Abuja, as part of a working visit by the Indian delegation.

The Nigerian delegation was led by the Executive Secretary of NHRC, Chief Tony Ojukwu, SAN, OFR, FICMC, while the Indian delegation was headed by the Chairperson of India’s NHRC, Justice V. Ramasubramanian, accompanied by the Commission’s Joint Secretary, Mr Samir Kumar.

Fagbemi said the partnership brought together two major democracies with shared common-law traditions, diverse populations and dynamic constitutional frameworks. He also expressed satisfaction with the thematic areas identified for cooperation under the agreement.

He specifically highlighted access to justice and the protection of digital rights as critical areas requiring urgent attention, particularly as emerging technologies, including Artificial Intelligence (AI), continue to reshape society and create new human rights concerns.

According to him, both countries must develop legal safeguards to protect data privacy, prevent algorithmic bias and safeguard civic space, while ensuring that technological advancement does not undermine fundamental freedoms.

He said the Ministry of Justice expected the two commissions to produce actionable research and policy recommendations capable of addressing these emerging challenges.

Beyond emerging technologies, the Attorney-General stressed that Nigeria’s commitment to human rights must be reflected in the practical implementation of constitutional guarantees and international obligations rather than merely in the existence of legal provisions.

He cited the African Charter on Human and Peoples’ Rights, which Nigeria domesticated through the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act, Cap. A9, Laws of the Federation of Nigeria 2004, as a major instrument underpinning the country’s human rights jurisprudence.

The Charter provides important protections relating to non-discrimination, human dignity, fair trial and personal liberty, reinforcing the fundamental rights guaranteed under Nigeria’s Constitution.

Fagbemi maintained that the true measure of a country’s commitment to human rights was its ability to translate constitutional provisions into accessible institutions, accountable public authorities and an independent judiciary.

He assured the Indian delegation that the Federal Ministry of Justice fully supported the bilateral initiative and was prepared to facilitate technical engagements, joint legal reviews and policy consultations aimed at improving the efficiency of the justice sector.

The Attorney-General also reaffirmed the institutional independence of Nigeria’s National Human Rights Commission, stressing that its autonomy was essential to its credibility and effectiveness.

He specifically drew attention to Section 6(3) of the National Human Rights Commission (Amendment) Act, 2010, which provides that the Commission, in exercising its statutory functions, shall not be subject to the direction or control of any other authority or person.

According to him, the administration has continued to respect and protect the Commission’s statutory independence, describing it as fundamental to institutional integrity.

He further noted that the relationship between the NHRC and the Federal Ministry of Justice had been characterised by constructive institutional synergy, mutual respect and a shared commitment to advancing human rights.

The Attorney-General commended Ojukwu and the Nigerian commission for spearheading the bilateral initiative, while expressing appreciation to the Indian delegation for bringing its expertise and institutional experience to the partnership.

Meanwhile, Ojukwu has disclosed that the National Human Rights Commission recorded 384,196 complaints across its 38 locations nationwide in October 2026, representing an increase of more than 45,000 complaints, or 14 per cent, compared with September.

Presenting the Commission’s October 2026 Human Rights Situation Dashboard, the NHRC Executive Secretary said the monthly report remained an important part of the Commission’s commitment to transparency, accountability and evidence-based human rights protection.

He explained that the dashboard provides an opportunity to assess the country’s human rights situation, identify emerging patterns of violations and draw the attention of relevant authorities and stakeholders to issues requiring intervention.

Ojukwu stressed that the dashboard was more than a statistical report, noting that every complaint represented a person, family or community whose rights and dignity deserved protection.

According to him, the increase in complaints could partly reflect greater awareness of human rights and improved access to the Commission’s complaint mechanisms, while also underscoring the continuing challenges confronting individuals and communities across the country.

The October data showed that complaints relating to freedom from discrimination constituted the largest thematic category, with 217,243 complaints.

Of this figure, 184,624 were recorded under the protection of internally displaced persons, highlighting the scale of protection needs among displaced populations and the importance of ensuring that displacement does not deprive individuals and families of their dignity, security and access to basic rights.

Ojukwu said the figures reinforced the need for public institutions to remain responsive, accountable and guided by their human rights obligations.

The NHRC Executive Secretary also highlighted persistent insecurity as a major human rights concern during the reporting period, citing reports of killings, armed attacks and abductions across different parts of the country.

He said the Commission’s Human Rights Observatory documented incidents involving attacks on farming communities, travellers, students, traditional leaders and security personnel.

Particularly concerning were reports of mass killings and abductions in parts of Taraba, Borno, Zamfara, Niger and Plateau States, among other locations.

According to Ojukwu, the incidents have direct human rights implications, affecting the rights to life, liberty, dignity and security of person, disrupting livelihoods, restricting freedom of movement and exposing children and other vulnerable persons to further risks.

He urged relevant security agencies to intensify efforts to protect affected communities, rescue abducted persons and ensure that perpetrators were brought to justice in accordance with the law.

The Commission also expressed concern over the continuing vulnerability of women and children to sexual and gender-based violence, exploitation and abuse.

Ojukwu disclosed that the October Observatory recorded several incidents involving alleged rape and sexual abuse of children, trafficking, domestic violence and other forms of abuse.

Reports of children subjected to severe physical violence, abandonment and neglect further demonstrated the need for stronger child protection mechanisms.

He called for stronger preventive measures, prompt and effective investigations, support for survivors and improved access to justice.

The Commission also documented alleged violations by public authorities and security personnel, alongside concerns relating to freedom of expression and civic space.

Ojukwu reiterated that democratic participation must be protected and disagreements must not be resolved through violence or intimidation. He also stressed the importance of investigating allegations of abuse by public officials through appropriate accountability mechanisms.

The Executive Secretary further raised concerns over electoral violence and political intolerance ahead of the January elections, calling on political actors to exercise restraint and conduct themselves within the provisions of electoral laws and human rights standards.

He emphasised that elections, both in process and outcomes, reflected the interplay of various human rights, with the right to participation serving as a cornerstone of constitutional democracy.

However, he observed that the playing field of the electoral process had not been level, inclusive or peaceful.

Ojukwu said the Commission had witnessed rising electoral violence and political intolerance in recent weeks, urging political actors to respect human rights and the law.

He also reiterated the Commission’s call for the prosecution of persons who had incited hateful and divisive speeches.

Despite the challenges, Ojukwu acknowledged developments during the reporting period that demonstrated the continuing relevance of institutions and processes in advancing human rights protection.

He cited decisions of the ECOWAS Community Court of Justice, including cases concerning the rights of persons in detention and the protection of communal land rights, as examples of the importance of access to justice and regional human rights accountability.

He also highlighted the Commission’s advocacy for economic and social rights during Nigeria’s 66th Independence Anniversary, when it called for rights-based development and equal justice for all.

Similarly, during World Teachers’ Day, the Commission emphasised the need for increased investment in teachers, schools and learning facilities, recognising that the right to quality education required safe learning environments and adequately supported teachers.

Ojukwu also highlighted the Commission’s collaboration with the Centre for Human Rights, University of Pretoria, and BAOBAB for Women’s Rights on the protection of women’s rights.

The Commission convened a two-day stakeholders’ engagement on Nigeria’s implementation of the Protocol to the African Charter on Human and Peoples’ Rights on the Rights of Women in Africa, popularly known as the Maputo Protocol.

The engagement brought together government representatives and civil society organisations to discuss implementation of the Protocol, including the responsibilities of government institutions and the contribution of civil society through monitoring, documentation and shadow reporting.

The Commission also welcomed the participation of the Special Rapporteur on the Rights of Women in Africa, Honourable Commissioner Janet Ramatoulie Sallah-Njie.

Earlier, during the engagement with the Chief Justice of Nigeria, Ojukwu emphasised the complementary responsibilities of the judiciary and national human rights institutions in protecting fundamental freedoms, upholding the rule of law and ensuring access to justice.

He identified complaint management, Alternative Dispute Resolution, security sector accountability, comparative legal research, digital rights, Artificial Intelligence ethics and environmental justice as priority areas for cooperation between both countries.

The Chief Justice reaffirmed the commitment of the Nigerian Judiciary to human rights protection and encouraged both commissions to exchange experiences and adopt best practices, particularly in strengthening safeguards for vulnerable groups, including women, children and persons with disabilities.

The Indian delegation described the engagement as significant to relations between the two countries, noting that the MoU represented a first-of-its-kind institutional partnership for India’s National Human Rights Commission.

According to Ojukwu, the agreement provides a framework for cooperation in the exchange of expertise and best practices, capacity building, joint research and publications, as well as engagement on regional and international human rights issues.

He said the partnership would provide an opportunity for both institutions to learn from each other’s experiences, deepen institutional capacity, broaden their knowledge base and strengthen their respective approaches to the promotion and protection of human rights.

The NHRC Executive Secretary expressed the Commission’s commitment to translating the agreement into practical programmes and sustained cooperation through deliberate planning, regular engagement and the implementation of mutually agreed activities.

The agreement is expected to promote sustained institutional exchanges, strengthen complaint-handling mechanisms, improve professional capacity and encourage comparative research into legal and policy approaches to human rights protection.

Ojukwu also stressed that human rights protection could not be achieved by the Commission acting alone, requiring the commitment of government institutions at all levels, security and law enforcement agencies, the justice sector, civil society organisations, development partners, the media and citizens.

He said the NHRC remained committed to strengthening its monitoring and reporting mechanisms, improving the handling and resolution of complaints, and ensuring that documented concerns informed policy, institutional reforms and appropriate interventions.

He maintained that the Commission’s objective was not merely to record violations after they occurred, but to contribute to a system in which violations were prevented, victims obtained justice and public institutions were held accountable.

Fagbemi, however, cautioned that the ultimate benchmark of the agreement must go beyond official engagements and institutional exchanges to deliver tangible improvements in the lives of citizens, especially those most vulnerable to violations and denied access to justice.

He expressed confidence that the partnership would advance the shared commitment of both countries to human dignity, justice and the protection of fundamental rights.

Nigeria, India Sign Human Rights Agreement as Fagbemi Pledges Support for Implementation

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19 Nigerian Pension Funds Express Interest in Proposed $750m Infrastructure Fund

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19 Nigerian Pension Funds Express Interest in Proposed $750m Infrastructure Fund

…UK-backed FSD Africa partners pension industry to mobilise $600m in domestic capital for energy, transport and digital infrastructure
Michael Olugbode in Abuja

By: Michael Mike

Nigeria’s pension industry is seeking to mobilise approximately $600 million from domestic pension funds for a proposed $750 million infrastructure investment platform, which has already attracted interest from 19 Nigerian pension funds.

The initiative, known as the Pension Industry Infrastructure Platform (PIIP), is being developed by the Pension Industry Leadership Council (PILC) in partnership with UK-funded specialist development agency, FSD Africa, to finance infrastructure projects in Nigeria and selected markets across the region.

The partnership was formalised through the signing of an agreement to support the development of the proposed fund.

Under the agreement, FSD Africa will provide PILC with expert advice and technical support, including assistance in selecting a fund manager through a competitive process, engaging potential investors and Development Finance Institutions (DFIs), building capacity and supporting necessary regulatory reforms.

The initiative, developed by Nigerian Pension Fund Administrators (PFAs), with support from the National Pension Commission (PenCom) and FSD Africa, seeks to bring together pension funds and development finance to provide long-term financing for infrastructure projects.

UK Deputy High Commissioner in Lagos, Jonny Baxter, said the partnership reflected the shared ambition of Nigeria and the United Kingdom to deepen Nigeria’s capital markets, mobilise domestic investment and channel long-term capital into the real economy.

He said the UK was proud to partner with Nigeria’s pension industry and PenCom to advance the investment initiative.

“Both our countries are prioritising tackling the challenge of attracting more domestic capital, including from pension funds, into the real economy. It is great to see Nigeria making concrete progress on its efforts and be a part of those opportunities to turn this ambition into investment, jobs, and economic growth,” Baxter said.

Chair of PILC and Director-General of PenCom, Omolola Oloworaran, described the proposed platform as timely, saying the pension industry was committed to mobilising its long-term savings capital for infrastructure development while safeguarding contributors’ retirement savings.

“The pension industry holds the largest pool of long-term savings capital in the country, and we are committed to mobilising it to deepen infrastructure development, while safeguarding the retirement savings of contributors. This MoU is the first step we are taking as an industry, and it is just the beginning,” she said.

Chief Executive Officer of FSD Africa, Mark Napier, said the proposed investment structure held significant promise for Nigeria and Africa.

He noted that the continent had substantial institutional capital but continued to face major infrastructure funding deficits.

“We have observed for several years now the paradox of Africa having significant institutional capital while at the same time facing big infrastructure funding deficits. We are keen to work with PenCom and the pension industry in Nigeria to address this and unlock the capital they manage towards Nigeria’s priority infrastructure,” Napier said.

The proposed platform is targeting an initial capital mobilisation of $350 million at its first close, expected in 2027, before scaling up to $750 million.

At its final target size, PIIP aims to mobilise approximately $600 million from Nigerian pension funds and at least $150 million from development finance institutions.

An initial assessment of Nigeria’s infrastructure pipeline identified 39 projects with potential relevance to the platform, representing approximately $20 billion in investment needs.

The platform will invest in equity and quasi-equity capital, with at least 60 per cent of its portfolio allocated to projects in Nigeria and the remainder available for selected regional investments.

Its proposed structure will comprise a naira-denominated core investment fund and a separate co-investment vehicle, allowing participating pension funds to invest alongside the core fund in selected projects.

A parallel foreign-currency vehicle may also be established to accommodate international investors.

The structure is designed to provide institutional investors with access to professionally managed, long-term investment opportunities while helping to finance infrastructure projects that improve connectivity, support business growth and contribute to Nigeria’s wider economic development.

19 Nigerian Pension Funds Express Interest in Proposed $750m Infrastructure Fund

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