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
National News
“While the rest of us sleep, you keep watch over Nigeria” — Governor Diri praises soldiers’ sacrifices
“While the rest of us sleep, you keep watch over Nigeria” — Governor Diri praises soldiers’ sacrifices
By: Zagazola Makama
Governor Douye Diri of Bayelsa State has lauded the Nigerian Army for the sacrifices made by soldiers in protecting the country, describing their efforts as vital for national security and peace.
Governor Diri spoke during a courtesy visit by the Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, and a delegation of senior military officers to Government House, Yenagoa, on Thursday.

The purpose of his visit to Bayelsa State was to commiserate with the state government over the loss of the Deputy Governor, Senator Lawrence Ewhrudjakpo, and to express the Nigerian Army’s appreciation for the support and cooperation extended to military formations operating in the state.
The visit also aimed at strengthening civil-military relations, assessing the operational environment within the Area of Responsibility of the 6 Division, and reaffirming the Army’s commitment to sustaining peace and security in Bayelsa State and the wider Niger Delta region.
Addressing the COAS and senior officers, Governor Diri said, “Do not mind what ignorant people may say. For those of us in government, we see and appreciate the sacrifices you make for this country. While the rest of us sleep, you keep watch over Nigeria.”
“Our soldiers pay the ultimate price so that we can live in peace; Bayelsa will never take their sacrifices for granted,” Diri said.
The Governor praised the military for maintaining peace and security in Bayelsa State, noting that the collaboration between the Nigerian Army and state government had made the state one of the safest in the country.

Diri said soldiers had continued to place the security of the nation above personal comfort, often operating under difficult conditions and away from their families to ensure peace and stability in Bayelsa and the wider region.
According to him, the state remains deeply appreciative of the professionalism, discipline and selfless service of military personnel, noting that their sacrifices have contributed significantly to the relative peace and safety currently enjoyed in Bayelsa.
The governor said the state government recognised that the burden borne by soldiers extended beyond the battlefield, stressing that adequate welfare and decent accommodation were critical to sustaining morale and operational effectiveness.
Diri assured the Nigerian Army of the state’s continued support and cooperation, adding that Bayelsa would remain committed to strengthening civil-military relations in recognition of the sacrifices made by security personnel in the line of duty.
He commended the GOC, Garison and brigade commanders as well as officers for working diligently with civilians and government authorities to protect lives and property.
Governor Diri also highlighted the state’s support to the Nigerian Army, particularly the construction of residential accommodation within the 16 Brigade’s area of responsibility.
The project includes nine units of three-bedroom senior non-commissioned officers’ apartments and two blocks of nine two-bedroom non-commissioned officers’ apartments, aimed at easing accommodation challenges for soldiers and boosting their operational efficiency.
He described the initiative as a “gesture that demonstrates our commitment to supporting the men and women who defend our territorial integrity” and assured the military of continued collaboration for the mutual benefit of the state and national security.
The COAS, Lieutenant General Waidi Shaibu, commended Governor Diri for the support and reiterated the Army’s appreciation for the cooperation with the state government, describing it as crucial for enhancing the welfare of soldiers and the effectiveness of security operations.
The visit also drew members of the State House of Assembly, the State Executive Council, senior military officers, as well as Principal staff Officer from the Army Headquarters who witnessed the interactions between the state government and the Army leadership.
“While the rest of us sleep, you keep watch over Nigeria” — Governor Diri praises soldiers’ sacrifices
National News
Civil Society Groups Slam Tinubu, National Assembly Over Budget Re-enactment, Demand Fiscal Transparency
Civil Society Groups Slam Tinubu, National Assembly Over Budget Re-enactment, Demand Fiscal Transparency
By: Michael Mike
A coalition of Nigerian civil society organisations has accused President Bola Tinubu and the National Assembly of breaching constitutional and fiscal laws through the repeal and re-enactment of the 2024 and 2025 Appropriation Acts, warning that the actions undermine transparency and democratic accountability.
In a statement issued in Abuja, under the platform Nigerian Economy Civil Society Action, the groups described the development as a dangerous abuse of fiscal process, alleging that billions of naira were spent without prior legislative approval.
The organisations expressed outrage that eighteen days after the presentation of the federal executive budget, neither the Budget Office of the Federation nor the National Assembly had made the budget documents publicly available. They said the absence of published budget details prevented citizens from scrutinising government spending and participating meaningfully in the budgeting process.
According to the groups, the situation was worsened by the repeal and re-enactment of the 2024 and 2025 Appropriation Acts without public hearings or access to the revised documents. They argued that the move violated constitutional provisions which require legislative approval before any public funds are expended.
The coalition noted that the 2024 Appropriation Act, which originally expired at the end of December 2024, was controversially extended by the National Assembly to mid-2025 and later to December 2025. They alleged that despite the extensions, the executive failed to implement the budget as approved before seeking to repeal and re-enact it with an increased expenditure figure, raising the total budget size from ₦35.05 trillion to ₦43.56 trillion.
Describing the process as unprecedented, the groups argued that increasing a budget after its lifespan had ended had no basis in Nigerian law. They maintained that the spending of additional public funds without prior authorisation amounted to a constitutional violation, noting that Nigeria was not operating under a declared fiscal emergency at the time.
On the 2025 budget, the organisations faulted the decision to revise expenditure figures at the end of the fiscal year rather than through a mid-year review, which they said is the globally accepted practice. They rejected claims by the National Assembly that the repeal and re-enactment were intended to align Nigeria’s budgeting process with international best practices.
The groups cited provisions of the Constitution and the Fiscal Responsibility Act which mandate transparency, legislative oversight, and public disclosure of government financial decisions. They said the continued refusal to publish budget documents violated these laws and eroded public trust.
As part of their demands, the civil society organisations called on the National Assembly to halt all unappropriated spending, warning that such actions could constitute grounds for impeachment. They also demanded a firm commitment from the President to comply strictly with constitutional spending limits.
The coalition further urged the immediate publication of the 2026 budget estimates and the re-enacted 2024 and 2025 Appropriation Acts on official government platforms, alongside renewed guarantees of citizen participation in fiscal decision-making.
The statement was jointly signed by the Centre for Social Justice, Africa Network for Environment and Economic Justice, Civil Society Legislative Advocacy Centre, BudgIT, PRIMORG, PLSI and other advocacy groups.
Civil Society Groups Slam Tinubu, National Assembly Over Budget Re-enactment, Demand Fiscal Transparency
National News
UN Urges Nigerian Authorities to Protect Civilians, Schools After Fresh Niger State Attacks
UN Urges Nigerian Authorities to Protect Civilians, Schools After Fresh Niger State Attacks
By: Michael Mike
The United Nations has called on Nigerian authorities to urgently strengthen the protection of civilians and educational institutions following a wave of violent attacks in Niger State and neighbouring areas that left dozens of people dead and many others abducted.
The UN Resident and Humanitarian Coordinator in Nigeria, Mohamed Fall, issued the appeal after assailants attacked a crowded market in Kasuwan Daji, Borgu Local Government Area of Niger State on January 3.
Reports indicate that more than 30 people were killed in the attack, while an undetermined number of victims were taken away by the attackers. Market stalls and residential buildings were also torched during the raid.
Security incidents were also reported in Agwara Local Government Area of Niger State, as well as in parts of Kwara and Ondo states, with casualties including deaths and kidnappings. The renewed violence has heightened fears among residents already grappling with prolonged insecurity across the region.
Agwara local government area has remained a flashpoint for attacks on civilian targets. In November 2025, armed groups abducted more than 300 people during an assault on Saint Mary’s Catholic School in the area. Although the victims were later released, the incident drew national and international condemnation and renewed attention to the vulnerability of schools in conflict-affected communities.
Describing the recent attacks as serious violations of human rights, the UN official stressed that assaults on civilians, particularly women and children, erode the right to life and disrupt access to education. He warned that continued attacks on schools threaten children’s safety and undermine efforts to keep them in classrooms.
The United Nations extended condolences to families who lost relatives in the attacks and wished those injured a speedy recovery. It also called for the immediate release of all abducted persons and urged Nigerian authorities to ensure that those responsible are brought to justice in line with national and international legal standards.
Reaffirming its stance on education in emergencies, the UN reminded Nigeria of its commitment to the Safe Schools Declaration, which aims to protect schools from military use and violent attacks. The organisation noted that recent incidents highlight the urgent need to translate these commitments into concrete action.
The UN said it remains ready to work with federal and state authorities to improve civilian protection and promote safer learning environments amid Nigeria’s ongoing security challenges.
UN Urges Nigerian Authorities to Protect Civilians, Schools After Fresh Niger State Attacks
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