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EBID Launches ESG Financing Framework

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EBID Launches ESG Financing Framework

By: Michael Mike

The ECOWAS Bank for Investment and Development (EBID) has published its inaugural Environmental, Social, and Governance (ESG) Financing Framework, signalling its commitment to sustainable development and green financing of key projects in priority sectors.

The Framework, which has received a positive assessment from ISS Corporate Solutions, will play a crucial role in linking EBID’s resource mobilization strategy with its objectives of promoting resilient, inclusive, and sustainable growth in its member states.

A statement from the bank quoted it’s President and Chairman of the Board of Directors, Dr George Agyekum Donkor as saying: “We are thrilled to launch our ESG Financing Framework and receive this positive assessment from ISS ESG Solutions,” he added that: “EBID is committed to leading the charge for green financing in the ECOWAS region and fostering the emergence of an economically strong, industrialized, and prosperous West Africa. This Framework will allow us to structure and execute ESG-related funding transactions that support the deployment of capital outlined in our Strategic Plan 2021-2025.”

According to him, “EBID’s ESG Financing Framework includes four green project categories and seven social project categories, all of which have been assessed as generating a positive contribution to sustainability”, with no project categories assessed as having “no net impact” or having a lower assessment.

The ISS Second-Party Opinion, published alongside the Framework, highlights the Bank’s commitment to the Sustainability and Development Goals (SDGs) and its objectives of promoting economic integration, healthcare delivery, social protection, and climate resilience.

The publication of the ISS Second-Party Opinion demonstrates EBID’s commitment to sustainable development and provides greater transparency on the actions it is taking to foster sustainable growth in its member states. With its balance sheet size set to increase by 80% over the next five years, EBID is well-positioned to make a positive impact on the ECOWAS region and become the leading regional investment and development bank in West Africa.

Donkor said: “We are proud to play a role in supporting EBID’s ESG initiatives and the positive impact they will have on the ECOWAS region,” said ISS Corporate Solutions. “This Framework is a testament to EBID’s commitment to sustainable development and demonstrates their position as a leader in green financing in the region.”

The statement said EBID was advised by Rothschild & Co on the structuring of the Sustainable Finance Framework and on the Second Party Opinion review process.

EBID is a leading regional investment and development bank, owned by the fifteen (15) ECOWAS Member States, namely, Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. Based in Lomé, Togolese Republic, the Bank is committed to financing developmental projects and programmes covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows. EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations and related services.

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Nigeria, China May Head for Diplomatic Row Over Shooting of Immigration Officer at Chinese Firm

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Nigeria, China May Head for Diplomatic Row Over Shooting of Immigration Officer at Chinese Firm

By: Michael Mike

Nigeria is not taking lightly the shooting of an immigration officer at a Chinese firm in Jos, Plateau State.

The Minister of Interior, Hon. Olubunmi Tunji-Ojo who narrated the story,
The federal government has threatened a serious diplomatic row with the Republic of China over maltreatment of a Nigerian Immigration Service officer shot by a Chinese company in Nigeria for asking for the company’s expatriate list.

Minister of Interior, Hon. Olubunmi Tunji-Ojo, who narrated the story on Thursday in Abuja at a stakeholders sensitisation workshop on the implementation of the Nigeria Visa policy 2025, said Nigeria is not handling the matter with kid gloves as it would be taken up as a diplomatic issue.

Tunji-Ojo lamented that the development alone is an attack on Nigeria. It will never be condoned.

He said the Immigration officer, who was on official duty, had visited the Chinese company in Jos, Plateau state, to check the list of the company’s expatriates, but the owner of the company ordered a security officer in the premises to shoot the government official.

Tunji-Ojo said: “I won’t go to China as a Nigerian, open a company and tell my security to shoot a government official in uniform. It’s never done anywhere in the world.

“These officers put their lives on the line. These officers serve this country with their all. And you will not come from anywhere and ask them to shoot them in their fatherland.

“It will no longer happen. We will take it up with you. Because that company, we (Nigerian government) have the power to withdraw their business permit Nigeria and declare them illegal.”

He wondered how it had become an offence for an Immigration officer to visit a foreign company and demand to see their expatriate list.

He said: “It will not happen again. So we’re going to be very hard. We will not stop your business. We will not overburden your business. But don’t make us inferior in our own land. No, please.

“And we’re going to be very tough on this. Because talking to you, I’m not just talking with passion on this topic, I’m talking with a lot of anger, because that guy that was shot is a Nigeria that we all swore to protect by virtue of the laws of Nigeria, by the constitution. That Immigration guy was not shot by a terrorist, is a father, he is a son to somebody. He is a husband to somebody. That cannot happen anywhere in the world.

“We will not tolerate it. Please, no agent, no company is above the law,” the Minister declared

Nigeria, China May Head for Diplomatic Row Over Shooting of Immigration Officer at Chinese Firm

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Nigeria Explores CNG Technology to Power Defence, Industrial Vehicle Fleets

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Nigeria Explores CNG Technology to Power Defence, Industrial Vehicle Fleets

By: Michael Mike

The Minister of Foreign Affairs, Amb. Yusuf Tuggar has led a high-level delegation on a tour of UROVESA—a renowned Spanish manufacturer of military and industrial vehicles.
The visit focused on exploring potential collaboration in Compressed Natural Gas (CNG) technology for powering Nigeria’s defence and industrial vehicle fleets.

The minister was accompanied on the visit by key figures including the Minister of State for Petroleum Resources, Ekperikpe Ekpo; Presidential CNG Initiative representative, Engr. Michael Oluwagbemi; Engr. Henry Oki; and the Special Assistant for Gas Business and Investment to the Minister of State for Petroleum Resources (Gas), where they all engaged in detailed discussions with UROVESA executives.

During the visit, Tuggar emphasized the longstanding trade ties between Nigeria and Spain, noting that Spain remains one of Nigeria’s top trading partners, with Nigerian crude oil exports reaching $3.64 billion in 2023.

He lauded UROVESA’s innovative approach to producing all-terrain, armoured, tactical, and logistical vehicles, and expressed Nigeria’s growing interest in and implementation of CNG-powered solutions.

Tuggar also highlighted Nigeria’s business-friendly economic reforms under President Bola Ahmed Tinubu’s administration, which have positioned the country as a prime destination for investment in clean energy technologies. The discussions provided a valuable platform for further exploration of future collaborations between UROVESA and Nigeria’s Ministry of State for Petroleum Resources (Gas) in CNG-powered vehicle production and supply.

According to a statement by the foreign affairs minister spokesman, Alkasim AbdulKadir, the engagement not only reinforced Nigeria’s commitment to a green energy future but also laid the groundwork for modernizing the nation’s defence and industrial fleets with environmentally friendly and cost-effective energy solutions.

He said the promising outcome of the discussions sets the stage for a strategic partnership that is expected to foster sustainable innovation and drive economic growth for both Nigeria and UROVESA.

Nigeria Explores CNG Technology to Power Defence, Industrial Vehicle Fleets

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ECOWAS Hands Over Drug Rehabilitation Centre to Aminu Kano Teaching Hospital

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ECOWAS Hands Over Drug Rehabilitation Centre to Aminu Kano Teaching Hospital

By: Michael Mike

The Economic Community of West African States (ECOWAS) has handed over a drug rehabilitation center to Aminu Kano Teaching Hospital in North West Nigeria to enhance drug related treatments.

Handing over the facility, the Director Humanitarian and Social Affairs, ECOWAS Dr. Sintiki Tarfa Ugbe, represented by Head of ECOWAS Drug Prevention and Control Division Dr. Daniel Amankwaah expressed the commitment of ECOWAS in fostering regional cooperation and providing technical and financial assistance to member states in tackling substance abuse.

He explained that, the renovated and equipped facility stands as a symbol of ECOWAS shared responsibility to protect public health, promote human dignity, and offer a second chance to those struggling with drug dependence.

He said: “As ECOWAS officially hand over this facility which was funded through ECOWAS own resources, we reaffirm our commitment to expanding access to quality drug treatment services and strengthening the resilience of our communities across West Africa.”

According to him, the ECOWAS Commission, under its drug prevention and control programme launched the support to its Member States to build or renovate their drug treatment centres.

He said: “the project targets all Member States to have at least one national drug treatment centre. So far, 8 centres in 6 Member States have been completed. Additional 12 centres are currently at various stages of construction. In Nigeria, 4 centres have been completed and additional 3 are at various stages.”

He expressed confidence that, the the facility will contribute to improving social functioning, by reducing the harmful effects of substance use, and enhancing the quality of life for people who use Drugs (PWUDs).

The Chief Medical Director Aminu Kano Teaching Hospital (AKTH), Professor Abdurrahman Abba -Sheshe while thanking ECOWAS for the projects, described drug addiction and substance abuse as a pandemic that requires the support of the regional body.

He expressed confidence that, the well equiped facility will transform lives of addicts.

“I commend the NDLEA for their efforts in the fight against drug abuse not only in Kano state but the entire country. It requires all to achieve the desired results.”

The Commander of Narcotics National Drugs Laws Enforcement Agency NDLEA Kano State Ahmad Idris, informed the gathering that, the Kano command successfully counseled and rehabilitated over 100 in clients in 2024 representing a 43% increase from 2023 with significant increase in the campaigns against drug abuse

He noted that, the intensified War Against Drug Abuse WADA activities have contributed to the growth in the rate of client counseling.

“As ECOWAS continues to work towards its vision of a united, prosperous West Africa, its efforts in combating drug addiction will be critical in creating a brighter, healthier future for the region.”

ECOWAS Hands Over Drug Rehabilitation Centre to Aminu Kano Teaching Hospital

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