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Afri-Caribbean Investment Summit Charts Path for Stronger Economic Ties, Shared Prosperity

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Afri-Caribbean Investment Summit Charts Path for Stronger Economic Ties, Shared Prosperity

By: Michael Mike

The Afro-Caribbean Investment Summit, have marked a significant step in strengthening the ties between the two regions; Africa and the Caribbean, with a focus on sustainability, economic diversification, and collaboration for shared prosperity.

The historical event which took place in Abuja Nigeria, was organised by Aquarian Consult, in partnership with the government of Saint Kitts and Nevis, with theme, ‘bridging continents: Africa and the Caribbean, a partnership for prosperity.’

The event brought together political, business, and academic leaders from both Africa and the Caribbean to discuss the potential for deeper economic partnerships and long-term development.

Prime Minister of St. Kitts and Nevis, Dr. Terrence Michael Drew while delivering his keynote address highlighted the deep-rooted connection between Africa and the Caribbean.

He described Africa not just as a distant relative to the Caribbean but as the “mother” of the region.

He called for a shift from occasional discussions to a more structured, sustained collaboration in economic, cultural, political, and spiritual areas.

Drew emphasized that both regions must chart a course toward greater cooperation, recognizing their shared stories, challenges, and potential.

He highlighted the importance of addressing climate change, noting that the Caribbean, like many parts of Africa, has already felt the devastating effects of global warming.

Drew presented the geothermal energy project in Nevis as a model for sustainable energy, aiming to reduce the region’s dependency on fossil fuels and promote renewable energy solutions. He proposed that this effort could serve as a model for both African nations and small island developing states across the globe.

“The COVID-19 pandemic exposed the vulnerabilities of global supply chains, especially in the food sector. In response, St. Kitts and Nevis has been investing in modernizing its agricultural systems with a focus on climate-resilient crops and sustainable farming techniques.

“We call on Africa’s agricultural expertise to partner in these efforts, joint research, farm exchanges, and technology partnerships could revolutionize food production for both regions.

“We need reform in our financial systems to support innovation and economic growth. Young entrepreneurs, women, and small businesses often struggle to access the capital needed to bring their ideas to life. It is importance we create innovative financial instruments, such as diaspora bonds and microfinance programs, which could foster economic independence and growth across the Afro-Caribbean bloc.”

Former President of Mauritius, Dr. Ameenah Gurib-Fakim, also emphasized on the structural challenges facing Africa. She noted that while Africa is home to vast natural resources and a growing youthful population, it accounts for a disproportionately small share of global trade and GDP.

Gurib-Fakim highlighted the Africa Continental Free Trade Area (AfCFTA) as a critical step toward creating a unified market that could unlock Africa’s manufacturing potential.

However, she warned that Africa’s economic transformation would only be possible if the continent invests in science and technology and addresses its skills gap in order to meet the demands of the modern economy.

Gurib-Fakim also stressed the importance of education reform to drive innovation and entrepreneurship. She criticized the continent’s educational systems, which she argued “limits the development of critical thinking and problem-solving skills necessary for success in knowledge-based economies.”

For her part, Ms. Aisha Maina, General Managing Director of Aquarian Consult, emphasized the concept of a “Global Africa,” referring to the shared identity and common heritage of people of African descent around the world.

She declared that the time has come for the Global South to invest in itself, reject externally imposed development metrics, and create its own standards for growth.

Maina called for greater collaboration between Africa and the Caribbean, not just in trade but in innovation and entrepreneurship.

She stressed that “both regions must come together, leveraging their collective strengths, to overcome historical divisions and forge a path toward mutual prosperity.”

Also, Prof. Benedict Okechukwu Oramah, President of the Africa Export-Import Bank (Afrexim Bank), reinforced the need for institutionalized cooperation between Africa and the Caribbean.

He highlighted the shared history of colonization and displacement, but also the immense potential for the two regions to collaborate on a global scale.

Oramah emphasized the role of Afreximbank in facilitating trade and investment, urging both regions to harness their natural resources and intellectual capital to build industries that can compete on the global stage.

Oramah concluded by stating that the unity of Africa and the Caribbean could form one of the world’s most powerful political and economic blocs, with the capacity to shape global affairs.

The summit, he said, “was a step toward creating a structured, organized framework for Afro-Caribbean collaboration, with the goal of increasing trade, innovation, and sustainable development.”

Afri-Caribbean Investment Summit Charts Path for Stronger Economic Ties, Shared Prosperity

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Troops Intercept ISWAP Logistics Supplies Along Banki–Kumshe Route in Borno

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Troops Intercept ISWAP Logistics Supplies Along Banki–Kumshe Route in Borno

By: Zagazola Makama

Troops of Operation Hadin Kai (OPHK) have intercepted suspected logistics supplies meant for ISWAP/JAS terrorists along the Banki–Kumshe route in Borno State.

Military sources disclosed that the interception occurred at about 1:30 a.m. on May 8, 2026, when troops of 152 Task Force Battalion on ambush duty engaged suspected terrorists crossing from the Cameroon border axis into Nigeria.

The troops reportedly laid ambush positions along the Banki–Kumshe road before sighting and engaging the insurgents transporting supplies.

According to the sources, the terrorists were forced to withdraw in confusion following the encounter, while troops carried out limited exploitation of the area.

Items recovered during the operation included eight bicycles, six 25-litre jerrycans containing Premium Motor Spirit (PMS), 32 surgical drips, 19 packs of drugs, one can of vitamins, 200 motorcycle repair parts, 12 phone batteries, a phone charger, 25 bags of grains, 11 packs of sewing thread, kola nuts, 93 rolls of detergents, food items and other sundry materials.

Security sources also disclosed that a Cameroon phone number written on a piece of carton was recovered among the seized items.

Troops later changed ambush positions and continued surveillance operations within the area to deny terrorists freedom of movement.

Military authorities said no casualty was recorded among troops during the operation, while exploitation and intelligence activities were ongoing to track fleeing insurgents and dismantle their supply network.

The interception forms part of ongoing counter-terrorism operations aimed at disrupting logistics routes and weakening the operational capabilities of insurgents operating within the North-East theatre.

Troops Intercept ISWAP Logistics Supplies Along Banki–Kumshe Route in Borno

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Governor Buni speaks on primary elections where consensus failed

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Governor Buni speaks on primary elections where consensus failed

By: Yahaya Wakili

Governor Mai Mala Buni of Yobe State has revealed that the All Progressives Congress (APC) is open to a fair, credible, and transparent primary election if there is no general agreement on the consensus mode.

Governor Buni started this while commenting on the crisis rocking the party over the governor candidate for the 2027 general election. He said the party has not foreclosed direct election to produce its candidates for the contestable offices for the 2027 general election.

According to him, the party is still working on dialogue; “we are talking to each other and reaching out to the stakeholders, including the aspirants, to arrive at an amicable solution.”

“As the governor of Yobe state, I will be the happiest person to see that the state and party are peaceful and united, noting that we remain citizens of Yobe state and members of APC.

“My expectation is to see us more united and collectively working for our candidates to win the 2027 general elections,” Governor Buni said.

Governor Buni further said, “As a founding member, former secretary, and national chairman of the All Progressives Congress (APC), the unity and progress of the party mean so much to me personally; therefore, I will continue to support and protect the ideals of the party to remain Nigeria’s ruling political party.”

He expressed optimism that the aspirations for public offices in the state are driven by the desire to serve the people for a better and improved life.

Governor Buni speaks on primary elections where consensus failed

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Nigeria Moves to Strengthen Climate Accountability with New Transparency Committee

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Nigeria Moves to Strengthen Climate Accountability with New Transparency Committee

By: Michael Mike

The Federal Government has inaugurated a Project Steering Committee (PSC) to drive the implementation of the Global Environment Facility-backed Capacity Building Initiative for Transparency (CBIT), in a move aimed at improving Nigeria’s climate data systems and environmental accountability.

The initiative, coordinated by the Federal Ministry of Environment, is designed to enhance the country’s ability to track, report and verify climate actions, particularly in line with its obligations under the Paris Agreement.

Speaking during the inauguration in Abuja, the Director of Forestry at the ministry, Halima Bawa-Bwari, described the committee as a strategic mechanism to strengthen coordination and oversight of the project. Represented by Deputy Director Aiwuyo Christopher, she noted that the PSC would provide policy direction, ensure institutional alignment and address implementation challenges.

According to her, the CBIT programme—established under the Global Environment Facility following decisions reached at COP21 in Paris—supports countries in meeting enhanced transparency requirements under the Paris Agreement.

For Nigeria, she said, the project is critical to improving the generation, management and reporting of greenhouse gas emissions data across major sectors of the economy.

She explained that the initiative would reinforce institutional frameworks for data management, build technical capacity among stakeholders and support the development of a digital platform to promote transparent and accessible climate data.

Bawa-Bwari stressed that the success of the project would significantly improve Nigeria’s ability to meet its international reporting obligations with greater accuracy, consistency and credibility.

She also underscored the importance of collaboration, noting that effective implementation would depend on strong cooperation across sectors such as Agriculture, Forestry and Other Land Use (AFOLU), Energy, Transport, Industrial Processes and Product Use (IPPU), and Waste.

“The role of the committee is central to ensuring that the project achieves its objectives and contributes meaningfully to Nigeria’s climate commitments,” she said, urging members to demonstrate commitment and provide strategic leadership.

Also speaking, the Director of Planning, Research and Statistics at the ministry and GEF Operational Focal Point for Nigeria, Babagana Bukar, said the committee would play a key role in guiding implementation, resolving bottlenecks and aligning the project with national priorities, including the Energy Transition Plan and Nigeria’s Nationally Determined Contributions (NDCs).

He emphasised that transparency remains fundamental to credible climate action, describing it as the backbone of effective environmental governance rather than a mere procedural requirement.

In his remarks, the representative of the Food and Agriculture Organisation (FAO) in Nigeria and ECOWAS, Hussein Gadain—represented by Adesoji Adeyemi—reaffirmed the organisation’s commitment to supporting countries in meeting transparency requirements through improved data systems and stronger partnerships.

He noted that the CBIT initiative is specifically designed to help countries enhance their capacity to monitor emissions and track climate actions across key sectors.

Similarly, the Director-General of the Nigeria Conservation Foundation (NCF), Joseph Onoja, highlighted the importance of collaboration in achieving sustainable outcomes. He said the partnership reflects a shared commitment among stakeholders to ensure effective implementation and measurable impact.

Onoja stressed the need for coordinated efforts to avoid duplication and promote synergy, noting that unified approaches would deliver more sustainable and impactful results.

Also contributing, a representative of the National Council on Climate Change (NCCC), Ann Umas, said the initiative is aimed at building a strong, data-driven foundation for climate governance, enabling informed decision-making and long-term sustainability.

The inauguration event was organised by the Department of Forestry of the Federal Ministry of Environment in collaboration with FAO and the Nigeria Conservation Foundation.

With the establishment of the steering committee, Nigeria is taking a significant step toward strengthening its climate transparency framework, improving data integrity and positioning itself for greater credibility in the global climate space.

Nigeria Moves to Strengthen Climate Accountability with New Transparency Committee

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