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
President Tinubu Flags Off the Construction of Dikwa–Gamboru Ngala, Bama–Banki International Road Projects
President Tinubu Flags Off the Construction of Dikwa–Gamboru Ngala, Bama–Banki International Road Projects
By: Bodunrin Kayode
President Bola Tinubu on Saturday flagged off the construction of the 49.55-kilometre Dikwa–Gamboru Ngala Road and the 49.15-kilometre Bama–Banki Road, describing the strategic highways as critical to economic growth, regional integration, and national security.
The two road projects, regarded as economic lifelines of North-East Nigeria, serves as key gateways to neighbouring African countries, which will bolster cross-border trade, facilitate the movement of agricultural produce, and strengthen security operations in a region recovering from over a decade of insurgency.
The groundbreaking ceremony was held along the Maiduguri–Gamboru Ngala Road, where President Tinubu was represented by Vice President Senator Kashim Shettima.
The Vice President said the rehabilitation of the roads would improve connectivity and deliver on the administration’s commitment to infrastructure development across the country.
“His Excellency, President Bola Ahmed Tinubu, GCFR, has made infrastructure a central priority. This is what Mr. President promised Nigerians, and I’m here today to affirm our readiness to redeem the promise and to convey his goodwill and gratitude for the support you have shown us,” Shettima said.
“The Bama–Banki Corridor carries special strategic weight. It is a top route of agriculture, movement, and national security. The Dikwa–Gamboru Ngala Road belongs to the same vision of reconnecting communities and restoring economic confidence across Borno State.”
The President also commended Borno State Governor, Professor Babagana Zulum, for prioritising infrastructure and maintaining a strong partnership with the Federal Government.
“The partnership between the Federal Government and Borno State shows what becomes possible when public institutions are united by the urgency of service. Certainly, Your Excellency, Professor Babagana Umara Zulum, you are one of the best-performing governors in the federation,” Tinubu stated.
Governor Zulum expressed appreciation to President Tinubu for approving the road projects and other critical interventions in Borno State.
“The successful commencement of this project reflects the strong partnership between the Federal Government and the Borno State Government. We deeply appreciate and remain eternally grateful to the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, GCFR, for his unwavering commitment to the development, peace, and security of the North East and Nigeria as a whole.
“Borno State Government recognizes that infrastructure remains a critical foundation for development. Since assuming office, our administration has prioritized the rehabilitation and construction of roads, schools, hospitals, water facilities, and other critical infrastructure as part of our commitment to improving the lives of our citizens,” he added.
Governor Zulum also pledged the state’s political support for President Tinubu in the next presidential election.
“I want to assure the President and indeed the Vice President that, Insha Allah, come January 2027, the people of Borno State will overwhelmingly vote him into office.”
The Governor equally praised his representative Vice President Shettima for his sustained support towards the reconstruction and development of Borno State.
“Your Excellency, your personal interest in the reconstruction and development of our state continues to inspire confidence among our people. We sincerely appreciate your leadership and steadfast commitment.” said Zulum.
Zulum also acknowledged the humanitarian contributions of Alhaji Aliko Dangote, particularly through the Aliko Dangote Foundation, during the state’s recovery from insurgency and the 2024 flood disaster.
He recalled the construction of Dangote Village, the donation of ₦1.5 billion to the National Emergency Management Agency (NEMA), ₦1 billion to the Borno State Government following the 2024 flood, and the distribution of relief materials to internally displaced persons.
“Through the Aliko Dangote Foundation, thousands of displaced persons received food and non-food items. Essentially, in 2017, he donated 106 trucks of food to IDPs.
“Alhaji Aliko Dangote has also donated ₦1.5 billion to NEMA to support flood victims in Borno State in the year 2024.”
Governor Zulum assured that the road projects would be closely monitored to ensure value for money and strict compliance with quality standards. He also appealed to the Minister of Works to grant the Borno State Government a waiver to regulate the activities of heavy-duty truck drivers using the roads intermittently.
Earlier, the Minister of Works, Senator David Umahi, disclosed that the projects would be executed in two phases and expressed confidence that construction would be completed within six months.
The ceremony was attended by the Borno State Deputy Governor, Umar Kadafur; APC Deputy National Chairman (North), Hon. Ali Dalori; senators; members of the House of Representatives; the Shehu of Borno, represented by the Shehu of Dikwa; ministers; members of the Borno State House of Assembly; APC leaders; the Secretary to the State Government; the Head of Service; the Acting Chief of Staff; commissioners; heads of government agencies; and other dignitaries.
President Tinubu Flags Off the Construction of Dikwa–Gamboru Ngala, Bama–Banki International Road Projects
National News
Tinubu Flags Off Dikwa–Gamboru Ngala, Bama–Banki Road Projects
Tinubu Flags Off Dikwa–Gamboru Ngala, Bama–Banki Road Projects
..:Describes Zulum Best Performing Governor
…Zulum Hails Tinubu’s Commitment to Borno Recovery Process
By: Our Reporter
President Bola Ahmed Tinubu on Saturday flagged off the construction of the 49.55-kilometre Dikwa–Gamboru Ngala Road and the 49.15-kilometre Bama–Banki Road, describing the strategic highways as critical to economic growth, regional integration, and national security.
The two road projects, regarded as economic lifelines of the North-East, serve as key gateways to neighbouring African countries, which will bolster cross-border trade, facilitate the movement of agricultural produce, and strengthen security operations in a region recovering from over a decade of insurgency.

The groundbreaking ceremony was held along the Maiduguri–Gamboru Ngala Road, where President Tinubu was represented by Vice President Senator Kashim Shettima.
The Vice President said the rehabilitation of the roads would improve connectivity and deliver on the administration’s commitment to infrastructure development across the country.

“His Excellency, President Bola Ahmed Tinubu, GCFR, has made infrastructure a central priority. This is what Mr. President promised Nigerians, and I’m here today to affirm our readiness to redeem the promise and to convey his goodwill and gratitude for the support you have shown us,” Shettima said.
“The Bama–Banki Corridor carries special strategic weight. It is a top route of agriculture, movement, and national security. The Dikwa–Gamboru Ngala Road belongs to the same vision of reconnecting communities and restoring economic confidence across Borno State.”
The Vice President also commended Borno State Governor, Professor Babagana Umara Zulum, for prioritising infrastructure and maintaining a strong partnership with the Federal Government.

“The partnership between the Federal Government and Borno State shows what becomes possible when public institutions are united by the urgency of service. Certainly, Your Excellency, Professor Babagana Umara Zulum, you are one of the best-performing governors in the federation,” the Vice President stated.
Governor Zulum expressed appreciation to President Tinubu for approving the road projects and other critical interventions in Borno State.
“The successful commencement of this project reflects the strong partnership between the Federal Government and the Borno State Government. We deeply appreciate and remain eternally grateful to the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, GCFR, for his unwavering commitment to the development, peace, and security of the North East and Nigeria as a whole,” Zulum remarked.
“Borno State Government recognizes that infrastructure remains a critical foundation for development. Since assuming office, our administration has prioritized the rehabilitation and construction of roads, schools, hospitals, water facilities, and other critical infrastructure as part of our commitment to improving the lives of our citizens,” he added.
Governor Zulum also pledged the state’s political support for President Tinubu in the next presidential election.
“I want to assure the President and indeed the Vice President that, Insha Allah, come January 2027, the people of Borno State will overwhelmingly vote him into office.”
The governor equally praised Vice President Shettima for his sustained support towards the reconstruction and development of Borno State.
“Your Excellency, your personal interest in the reconstruction and development of our state continues to inspire confidence among our people. We sincerely appreciate your leadership and steadfast commitment.”
Zulum also acknowledged the humanitarian contributions of Alhaji Aliko Dangote, particularly through the Aliko Dangote Foundation, during the state’s recovery from insurgency and the 2024 flood disaster.
He recalled the construction of Dangote Village, the donation of ₦1.5 billion to the National Emergency Management Agency (NEMA), ₦1 billion to the Borno State Government following the 2024 flood, and the distribution of relief materials to internally displaced persons.
“Through the Aliko Dangote Foundation, thousands of displaced persons received food and non-food items. Essentially, in 2017, he donated 106 trucks of food to IDPs. Alhaji Aliko Dangote has also donated ₦1.5 billion to NEMA to support flood victims in Borno State in the year 2024.”
Governor Zulum assured that the road projects would be closely monitored to ensure value for money and strict compliance with quality standards. He also appealed to the Minister of Works to grant the Borno State Government a waiver to regulate the activities of heavy-duty truck drivers using the roads.
Earlier, the Minister of Works, Senator David Umahi, disclosed that the projects would be executed in two phases and expressed confidence that construction would be completed within six months.
The ceremony was attended by the Borno State Deputy Governor, Hon. Umar Usman Kadafur; APC Deputy National Chairman (North), Hon. Ali Bukar Dalori; senators; members of the House of Representatives; the Shehu of Borno, represented by the Shehu of Dikwa; ministers; members of the Borno State House of Assembly; APC leaders; the Secretary to the State Government; the Head of Service; the Acting Chief of Staff; commissioners; heads of government agencies; and other dignitaries.
Tinubu Flags Off Dikwa–Gamboru Ngala, Bama–Banki Road Projects
National News
PEBEC Targets Seamless Digital Government as 98% of MDAs Meet Business Reform Standards
PEBEC Targets Seamless Digital Government as 98% of MDAs Meet Business Reform Standards
By: Michael Mike
The Director-General of the Presidential Enabling Business Environment Council, Zahrah Mustapha Audu, has unveiled plans to integrate digital platforms across federal Ministries, Departments and Agencies (MDAs) to eliminate duplication, reduce regulatory bottlenecks and create a seamless experience for businesses, following significant gains in public sector service delivery reforms.
Audu disclosed that 98 per cent of the 69 MDAs monitored by the council now meet prescribed responsiveness standards after a targeted reform programme designed to improve compliance with the Business Facilitation Act.
Speaking during an interaction with journalists in Abuja, she said PEBEC’s next phase of reforms would focus on ensuring government agencies no longer operate in isolation but are digitally connected to enable secure information sharing and faster service delivery.
According to her, while many agencies have digitised their operations, businesses still face unnecessary delays because they are repeatedly required to submit the same information to different regulators.
She cited the National Identification Number (NIN) as an example, noting that agencies should no longer demand documents containing information already available on government databases.
“Our objective is to create an environment where businesses provide information once, and relevant government agencies can securely access it instead of making investors repeat the same process multiple times,” she said.
Audu explained that the reforms are part of PEBEC’s broader mandate to eliminate bureaucratic obstacles, simplify regulatory processes and position Nigeria as a preferred investment destination.
Rather than adopting a confrontational approach, she said the council works collaboratively with government institutions to resolve operational challenges.
“PEBEC is not a name-and-shame organisation. We identify gaps and provide technical support to help agencies improve their services,” she said.
She revealed that the council recently concluded a 90-day Business Environment Enhancement Accelerator Programme, during which reform champions embedded across 69 MDAs worked with PEBEC to strengthen compliance with the Business Facilitation Act.
The initiative, she said, resulted in 98 per cent of the agencies meeting service delivery timelines and responding promptly to enquiries from businesses and members of the public.
Audu noted that the council is now shifting attention from basic compliance to competitiveness, with the goal of making Nigeria a more business-friendly destination than neighbouring economies such as Ghana, Benin Republic and Kenya before benchmarking against leading global performers.
As part of efforts to simplify business regulation, she said PEBEC reviewed licensing procedures and documentation requirements across several agencies to eliminate obsolete and repetitive processes that increase the cost and time of doing business.
She also identified top-performing agencies during the council’s assessment, commending the Nigeria Customs Service for fully complying with reform requirements while reducing cargo clearance timelines and simplifying import and export procedures.
Other agencies recognised for exceeding compliance expectations include the Nigerian Ports Authority, the National Information Technology Development Agency and the National Pension Commission, all of which introduced additional customer-focused reforms beyond the minimum standards.
Audu stressed that the assessment was not intended to rank agencies but to institutionalise reforms capable of improving the experience of businesses dealing with government institutions.
She warned that inefficiency in a single government office can undermine investor confidence in the entire country.
“If someone has a bad experience with one government agency, they do not separate that agency from the government. They simply conclude that Nigeria is not working,” she said.
To sustain the reforms, Audu disclosed that PEBEC will continue its quarterly mystery-shopping exercise, under which officials anonymously access government services to independently assess service quality from the perspective of ordinary users.
She added that the council also operates live performance trackers that allow agencies and the public to monitor compliance levels and identify areas requiring improvement.
According to her, the 2026 Business Facilitation Act Compliance Report is expected to be released in November after the completion of the annual assessment.
She said PEBEC’s long-term goal is to entrench a public service culture built on transparency, efficiency and accountability while creating a fully integrated digital government that makes regulatory compliance faster, easier and more predictable for businesses and investors.
PEBEC Targets Seamless Digital Government as 98% of MDAs Meet Business Reform Standards
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