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Emerging Africa to raise N250bn capital for infrastructure development in Northern Nigeria
Emerging Africa to raise N250bn capital for infrastructure development in Northern Nigeria
By: Michael Mike
African investment banking franchise, Emerging Africa Group (EAG) said it will be raising a minimum of N250 billion capital to finance infrastructure development and Micro, Small and Medium Enterprises (MSMEs) in Northern Nigeria in the next two years.
The Executive Vice Chair of the Company, Mrs. Oluwatoyin Sanni disclosed this at the Opening of the new Abuja Office Complex of EAG which will oversee the operation of the investment bank in the entire Northern Nigeria.
Sanni said the North requires huge financing especially in infrastructure in order to speed up development in the region.
She said: “There can’t be development or growth without adequate infrastructure, so what we aim to do is to help them raise funds (North) for infrastructure development. As we speak, we have gone on four different exercises to raise funds for road development in Niger state.”
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She added that: “So first of all, we offer Northern states opportunity to raise funds from the capital market, by private bonds and notes for all their different infrastructure needs. We are also involved in raising funds for some state-backed initiatives. We also provide Micro and SME finance for these small businesses that ordinarily struggle to raise capital and we have many of them both in the North and the rest of Nigeria and Africa.”
Sanni disclosed that Emerging Africa had set out a target to raise up to $1 billion over a five-year period for businesses in Nigeria and the rest of Africa when it started business, but said the company successfully met the target three and half years into the plan.
The Executive vice Chair said this encourage the Group to set a fresh target to raise $4 billion over the next five years for businesses in Africa.
On how the Group raises capital, she explained, “When we target to raise this capital, what we do is that we match-make between the surplus segment of the economy and the deficit segment. We look for partners, local banks, international banks, and development finance institutions, similar investment banks like us, institutional investors and wealthy families. We crowd them all in, to invest in segments and sectors that we think can have a catalytic effect for the development of the economy.”
On the infrastructure funding for development of roads in Niger state, Sanni said the Group did a final signing ceremony for a private bond that it raised, to the tune of N13.2 billion.
She disclosed that the funding was raised for a private infrastructure funding company that would then deploy the money to the development of projects within the state.
She said: “That way we bring private sector accountability, private sector transparency and unique funding structure. Niger state is a partner and a beneficiary to that funding.”
The Executive Vice Chairman said the Group decided to open a more befitting office in Abuja to provide investment management, wealth management, trust services, capacity building, financial technology solutions to develop Abuja and the entire North.
She said: “We are bringing funding access, investment management capability, recent technical skills; we are bringing transparency and quality investment management services to Abuja and to the entire North.”
Emerging Africa to raise N250bn capital for infrastructure development in Northern Nigeria
AU, Nigeria sign MoU to strengthen fight against terrorism
By; Zagazola Makama
The African Union Commission and the Federal Republic of Nigeria have signed a Memorandum of Understanding (MoU) to strengthen collaboration in the fight against terrorism and violent extremism across the continent.
The agreement was signed on Sept. 8 by Amb. Bankole Adeoye, AU Commissioner for Political Affairs, Peace and Security, and Maj.-Gen. Adamu Garba Laka, National Coordinator, National Counter Terrorism Centre (NCTC).
The MoU provides a framework to enhance cooperation and coordination between the AU and Nigeria on counterterrorism initiatives.
Adeoye said the partnership underscored the commitment of both parties to addressing the growing threat of terrorism through coordinated strategies, capacity building and information sharing.
The areas of collaboration include real-time information sharing, deployment of NCTC experts to the African Union Counter-Terrorism Centre (AUCTC), joint research, as well as support for victim recovery, deradicalisation and reintegration.
A Joint Working Group is to be established to monitor progress and oversee the implementation of the MoU.
The agreement reflects the shared commitment of Nigeria and the African Union to promote peace and security across Africa.
AU, Nigeria sign MoU to strengthen fight against terrorism
Residents of Kachia call for media attention as bandit attacks escalate
By: Zagazola Makama
Residents of Kachia Local Government Area in Kaduna State have raised concerns over the apparent underreporting of recurring bandit attacks and kidnappings in the area, urging major media houses to take notice.
In a statement signed by Rev. Fr. Agbo Gabriel, the community expressed frustration that despite enduring more than two years without consistent electricity, and relying on solar power where possible, the security challenges in Kachia and surrounding villages have largely gone unreported.
According to the statement, in the early hours of Sunday, September 7, 2025, bandits attacked Wakeh village in Agunu District, killing eight people, injuring many others, and burning homes and property.
The attacks, the statement says, have similarly affected Ankwa, Bishini, Katari, and other villages, leaving communities displaced, traumatised, and in despair.
“The poor people of Kachia town, who used to host internally displaced persons from surrounding villages, are now themselves being targeted,” Rev. Fr. Gabriel said. “Kidnappings from farms and homes are happening daily, yet media coverage remains virtually absent. We are forced to ask: where are the correspondents or reporters of major media houses in Kaduna and Kachia?”
The statement appealed to Kaduna State Governor, Uba Sani, to urgently address the insecurity in Kachia LGA, highlighting the area’s potential and importance to the state. Residents also called for stronger community-based surveillance, engagement of local leaders, and collective action to protect vulnerable villages.
Rev. Fr. Gabriel emphasised that local vigilance is critical at this time, urging residents to report suspicious activities and support one another in defending their communities.
“Kachia is a land of great potential and does not deserve such neglect,” the statement concluded. “Media houses, we need your attention. Kachia too exists.”
Zagazola report that the Kaduna State had not released any statement regarding the unfortunate incident.
Residents of Kachia call for media attention as bandit attacks escalate
Troops of Operation FANSAN YANMA foil bandits’ attack in Katsina
By: Zagazola Makama
Troops of Operation FANSAN YANMA, in collaboration with the Nigerian Army and Police Command in Katsina State, have foiled an attempted attack by armed bandits in Malumfashi Local Government Area.
Sources told Zagazola Makama that the incident occurred at about 7:35 p.m. following credible intelligence that armed bandits on motorcycles were heading towards Gora village.
Troops of Operation FANSAN YANMA and other security operatives, intercepted the bandits and engaged in a fierce gun duel.
The bandits fled in disarray under superior firepower. No casualty was recorded, and calm has since returned to the area,”said sources.
The sources added that aggressive patrols and clearance operations had been intensified to track down the fleeing criminals.
Troops of Operation FANSAN YANMA foil bandits’ attack in Katsina
Gunmen kill trader in Kafanchan, kaduna
Security forces fortify Kaduna–Abuja rail line, Rigasa station and highway
Two killed as troops repel bandit attack in Katsina
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