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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
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Embrace peace-building via education – CDS tells youth

Embrace peace-building via education – CDS tells youth
By: Zagazola Makama
The Chief of Defence Staff (CDS), Gen. Christopher Musa, has called on Nigerian youths to embrace peace-building through education and social media.
He, however, ddescribed Nigerian youth as the country’s most potent force against violent extremism, terrorism, and insurgency.
Musa made the call while addressing a students, civil society organisations, traditional leaders and security officials at a Multi-sector conference on countering extremism ideology and insurgency on Saturday in Maiduguri.
The event was organised by the Kaltu Foundation for Peace, Network of Civil Society Organisation.
The event which focused on “Building Resilience Against Violent Extremism Through Youth Engagement and Civic Dialogue,” featured the unveiling of a new book.
The book is titled Stand Against Violence, Terrorism, and Extremism: An Admonition to Nigerian Youths, co-authored by Gen. Musa and other senior defence stakeholders.
In his keynote address, the Defence Chief emphasised that the burden of national security and peace cannot rest solely on the military, stressing that “the future of Nigeria lies in the hands of its youth.
“If we want to defeat insurgency, it is the youth that will do it. If we want to prevent violent extremism and reclaim our schools, our homes and our dignity, it is the youth that must lead the charge,” Musa declared.
Drawing from his personal military experience in the region, Gen. Musa reflected on his service in the North-East as Theatre Commander of Operation Hadin Kai and Commander of the Multinational Joint Task Force, stressing the resilience of the people and the importance of civic support to military success.
He thanked the people of Borno for their sustained cooperation with the armed forces, adding that the current military leadership under Maj.-Gen. Abdulsalam Abubakar as “capable and committed.
“Nation building is a continuous, painstaking, and tireless effort, especially for patriotic and well-meaning Nigerians like you,” he said. “We must not relent.
“Things are improving. With your support, we will achieve total peace,” he said.
Speaking on the power of information in the digital age, Musa warned against the misuse of social media platforms by extremist elements, calling on the youth to use technology to promote peace, unity, and truth.
“Social media today does not merely shape opinions, it influences behaviour, identity, and belief systems.
“We must repurpose it as a tool for civic education, truth-telling, countering disinformation, and supporting our security forces,” the CDS said.
He urged students and youth to become “ambassadors of peace,” leveraging peer influence and community engagement to challenge radical ideologies and reclaim their spaces from those who sow division and hatred.
“Let us start a new movement. A movement of young Nigerians committed to rebuilding their communities through values that reflect our collective national identity – peace, unity, truth, and purpose,” Musa said.
The CDS, however, expressed optimism that the publication would become a key resource in educational and security institutions, saying he welcomed reviews and constructive criticism.
“There are no perfect solutions to the complex issues we face but through multilateral collaboration and thoughtful dialogue, we can sharpen our strategies and outpace the ever-evolving tactics of non-state actors,” he added.
Musa also paid tribute to the Borno government, traditional rulers, scholars and members of the academic and civil society for what he described as their “unwavering commitment to peace.”
The event was attended by top officials from the military, Borno Government, Network of Civil Society Organisations, youth groups, and students from tertiary institutions across the North-East.
Embrace peace-building via education – CDS tells youth
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Two arrested over beating death of teenager over missing phone in Yobe

Two arrested over beating death of teenager over missing phone in Yobe
By: Zagazola Makama
Two young men have been arrested in Ngalda town, Fika Local Government Area of Yobe State, for allegedly beating an 18-year-old boy, Abbas Zakari, to death over a missing phone and power bank.
Zagazola gathered from sources that the incident occurred on Friday, June 27, at about 5:00 p.m., when the suspects, identified as Musa Sale, 25, and Muntari Suleiman, 23, accused the deceased of stealing two mobile phones (an Android and a keypad model) and a power bank.
According to a relative, Hussaini Zakari, who reported the matter to the police, the suspects apprehended Abbas in Potiskum, where he had reportedly gone to sell the items, and recovered the handsets from him.
Instead of handing him over to the police upon returning to Ngalda, the suspects allegedly took matters into their own hands and severely beat the teenager with sticks.
The victim was rushed to the General Hospital in Fika by police officers, but was confirmed dead on arrival by a medical doctor. His remains were released to his family for burial in accordance with Islamic rites.
The suspects have since been arrested and have reportedly confessed to the assault during preliminary interrogation.
Police say the case will be transferred to the State Criminal Investigation Department (SCID) for further investigation and prosecution.
Two arrested over beating death of teenager over missing phone in Yobe
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Tinubu Commissions Locally Made Electric Vehicles in Nasarawa

Tinubu Commissions Locally Made Electric Vehicles in Nasarawa
By: Michael Mike
President Bola Ahmed Tinubu has officially commissioned indigenous electric vehicles, tricycles and motorcycles in Nasarawa State,
This marks an important milestone in Nigeria’s transition to sustainable transportation.
The event, which also featured the launch of several legacy infrastructure projects, showcased the commitment of Governor Abdullahi Sule’s administration to innovation and environmental sustainability.

The commissioning ceremony signifies the formal establishment and operation of electric vehicle technology in the state—an initiative aligned with President Tinubu’s national policy on sustainable transportation.
Governor Sule revealed plans to empower residents across Nasarawa with electric vehicles, a move aimed at easing transportation challenges and reducing reliance on fossil fuels.
Speaking at the event, the Chief Executive Officer of Electric Motor Vehicle Company (EMVC), Prince Mustapha Audu, expressed gratitude to both President Tinubu and Governor Sule for supporting local innovation and embracing the future of transportation.
Audu described EMVC as one of Nigeria’s leading electric vehicle manufacturers, with branches in other states. He commended Governor Sule for pioneering the future of mobility in Nasarawa, noting the global shift towards electric vehicles, especially as many countries move to phase out compressed natural gas (CNG) vehicles by 2030.
He said: “We have SUVs that can travel 1,200 km per charge, and sedan models suitable for ride-hailing services with a 400 km range. We also have locally made tricycles and motorcycles—popularly known as Igwe—that are affordable and built for Nigerian roads.”
Highlighting innovation in infrastructure, Audu explained that the vehicles will be supported by solar-powered charging stations. “Our charging stations can power three vehicles simultaneously without relying on the national grid or generators. We plan to increase them to five stations shortly,” he stated.
He explained that with just ₦5,000, vehicle owners can fully charge their cars depending on battery capacity.
He said the electric vehicles are powered by lithium batteries designed to reduce carbon emissions and enhance clean energy usage. To support long-term adoption, EMVC is also setting up battery assembly lines, EV repair centers, and training hubs across the state.
He further said: “Each electric vehicle comes with a minimum two-year warranty,” noting that: “Unlike traditional vehicles with over 25,000 components, electric vehicles have fewer than 300 parts—most of which are cosmetic. This greatly reduces maintenance costs and complexity.”
He emphasized that common issues will mostly be electrical, and the company already has trained technicians on the ground, with plans to train more as demand grows.
Audu acknowledged challenges such as poor road conditions and climate, but assured that the vehicles were designed with Nigerian realities in mind.

He expressed confidence in the durability of the locally manufactured electric vehicles, tricycles, and motorcycles, urging Nigerians to embrace the cleaner, cheaper alternative to transportation.
Tinubu Commissions Locally Made Electric Vehicles in Nasarawa
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