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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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Nigeria: Again, troops killed 10 terrorists in Borno
Nigeria: Again, troops killed 10 terrorists in Borno
Troops of Operation HADIN KAI in another encounter along Gamboru-Dikwa-Marte neutralized 10 additional insurgents and secured weapons and equipment in Borno State, northeast Nigeria.
NEWSng reports that in a precision night operation, troops of Sector 1 from 24 Task Force Brigade Operation HADIN KAI (OPHK) successfully defeated a terrorist attempt to infiltrate into Gamboru Ngala from the Flatari axis. The miscreants subsequently diverted towards Dikwa after suffering casualties but were again ambushed, and scores were neutralized on the Dikwa-Marte road.
At approximately 23:50 hours on 25 October 2025, while manning a pre-established ambush position, the troops identified and engaged the hostile elements. The unit delivered heavy and accurate suppressive fire, forcing the insurgents to retreat in disarray.
At first light, following a period of limited visibility, the area was systematically exploited. The subsequent clearance operation confirmed a total of 10 insurgents had been neutralized. A thorough search of the vicinity led to the recovery of a significant cache of arms, ammunition, and equipment.
Lt. Col. Uba Sani, the media and information officer for Operation HadinKai, said that recovered items include:
· Firearms: 5 x AK-47 rifles, one PKT machine gun, 3 x locally-made (Dane) guns, 2 x fabricated pistols.
· Ammunition: 5 x AK-47 magazines loaded with 7.62 mm special rounds, a huge cache of 7.62 x 54 mm linked ammunition, and boxes of cartridges.
· Equipment: 2 x motorcycles, 2 x bicycles, 1 x radio.
· Personal Effects: 1 x Dane gun barrel, 1 x water flask, 1 x raincoat, 1 x blanket, and assorted charms.
The Military High Command commended the troops for their gallantry, vigilance, and tactical proficiency during the operation. The success of the ambush underscores the effectiveness of ongoing counter-insurgency efforts and reaffirms the commitment of OPHK to sustaining offensive actions, protecting civilians, and restoring lasting peace and stability in the Northeastregion.
End
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19 kidnapped victims regain freedom in Katsina under peace deal
19 kidnapped victims regain freedom in Katsina under peace deal
By: Zagazola Makama
Nineteen persons abducted by bandits in Katsina State have regained their freedom following the ongoing peace accord under the Operation Safe Corridor Initiative.
The victims, comprising men and women from Sabuwa and Funtua Local Government Areas, were released on Thursday morning at Innono Jigo Village in Sabuwa LGA as part of reconciliation efforts with repentant bandits.
They include Safaratu Basiru, 27, Jamila Auwalu, 22, and 17 others who had been held in captivity for several weeks.
Local officials and community leaders received the freed victims and conveyed them to Haske Private Health Centre, Sabuwa, for medical examination before reuniting them with their families.
Authorities in the area said the situation was being closely monitored as part of sustained efforts to consolidate peace and stability in the state.
19 kidnapped victims regain freedom in Katsina under peace deal
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Gov. Uba Sani Says No Citizens Should be Pushed into Poverty Seeking Essential Medical Care
Gov. Uba Sani Says No Citizens Should be Pushed into Poverty Seeking Essential Medical Care
…Pate Calls for National Consensus on Prioritizing Health Care
By: Michael Mike
Kaduna State Governor, Uba Sani has advocated for access to affordable medical care for all Nigerians, insisting that no citizens should be pushed into poverty for seeking essential medical care.
The Coordinating Minister of Health and Social Welfare, Dr. Ali Pate also called for national consensus on prioritizing healthcare system in the country.
Speaking at a High-Level Health Media Dialogue with Media Executives in Nigeria with theme: “Escalating Executive and Media Action for Health Accountability and Financing,” on Thursday in Abuja, Kaduna State governor said: “We believe no Nigerian family should be pushed into poverty by seeking essential medical care. Here, equity is not rhetoric for us. It is a principle of governance and justice…”

Sani, while noting that health facilities have been elevated in all parts of Kaduna state, said these landmark facilities significantly reduces the need for medical tourism, lessening the financial and emotional burdens in families.
He noted that emergency care is given priority, said: “We have launched the Kaduna State Emergency Medical Services ambulance system,” which has ensured that countless lives ensuring that urgent intervention reach patient within critical calling hour.
He added that: “Our consensus, as of today in Kaduna, the government has made it free for every emergency case in the first 24 or 48 hours without paying a penny, every patient will be treated free the first 48 hours in Kaduna,”
On his part, Pate said the issue of health affordability is universal and Nigerians need to know that the federal government is working on this.
He said: “There is real pain of affordability. Half of the world’s population doesn’t have access to basic healthcare services, not only in Nigeria, but we tend to self flagellate and not build a consensus to fix it, because it takes national consensus. It’s not a technical issue.
“Fixing health is not just a technical issue because we have had technical expertise for a very long time. It’s not also purely technocratic in terms of just having the right actors that know how to manage doing fundamentally, it’s a political choice that is reflective of political consensus within a country. It is when a country does not build a consensus on the prioritization of health or of education that it doesn’t allocate the resources or use the resources in that right way. And that goes beyond government.”
He noted that with the new tax reform has offered an opportunity for health to be adequately funded in the country.
Also speaking, the Country Director, Gates Foundation Nigeria Uche Amaonwu, said the health of our mothers, children and families, and by extension Nigeria’s human capital depends on what we do next for primary health care.
He assured that the Gates Foundation remains deeply committed to working alongside government and partners to ensure that every Nigerian family can rely on a strong, well financed primary healthcare system.
Earlier in her welcome speech, the Executive Director. International Society of Media in Public Health, Mrs. Moji Makanjuola reiterated the importance of budgeting adequately to health sector
She said “while we acknowledge the remarkable progress made, we must also confront — with courage and compassion — the realities reflected in our health indices.”
She said according to the 2023 Nigeria Demographic and Health Survey (NDHS), Nigeria still records one of the highest maternal mortality ratios in the world at 512 deaths per 100,000 live births, and an under-five mortality rate of 102 deaths per 1,000 live births. These figures translate to approximately 82,000 Nigerian women dying annually due to pregnancy-related causes, and one in every ten Nigerian children dying before the age of five.
“These statistics are not meant to indict but to inspire — to spotlight the urgency for deeper reforms, more coordinated investments, and sustained accountability. They also highlight why our collective focus on strengthening PHC systems remains both timely and essential.
“Primary Health Care Centres (PHCs) represent the bedrock of Universal Health Coverage (UHC) — the first and most critical point of contact for millions of Nigerians, especially those in rural and underserved communities. Yet, data from the National Primary Health Care Development Agency (NPHCDA) reveals that only 20% of the over 30,000 PHCs nationwide are fully functional.
“When PHCs work — maternal and child mortality declines, immunization coverage improves, productivity rises, and the cycle of poverty linked to ill health is broken. Our task, therefore, is not merely to acknowledge these challenges but to transform them into opportunities for lasting change.”
Gov. Uba Sani Says No Citizens Should be Pushed into Poverty Seeking Essential Medical Care
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