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Emerging Africa to raise N250bn capital for infrastructure development in Northern Nigeria

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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.”

Also Read: CIVIL PARAMILITARY RELATIONSHIP: NSCDC GIVES FREE MEDICAL…

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 Urges Europe and Africa to Build Bridges, Not Walls

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Nigeria Urges Europe and Africa to Build Bridges, Not Walls

By: Michael Mike

Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar has called on Europe and Africa to reject isolationist tendencies and embrace a partnership rooted in shared history, geography, and responsibility.

Delivering the keynote address at the 2026 Annual Conference of Spanish Ambassadors in Madrid, attended by 182 diplomats, Ambassador Tuggar framed Europe and Africa not as distant continents but as interconnected regions whose destinies are historically and economically linked.

Speaking under the theme, “Good Neighbourliness: Building Bridges or Building Walls,” he urged policymakers to focus on tangible realities rather than abstract divisions, highlighting the Mediterranean as a historic connector of peoples.

Tuggar recounted Africa’s longstanding contributions to the modern world—from the trans-Saharan gold trade of the 14th century to early Atlantic commerce in sugar and palm oil—emphasising that contemporary relations cannot ignore this shared past. He proposed that Africa be recognised alongside Europe and Ibero-America as a core component of Spain’s broader historical identity.

On migration, the Foreign Minister acknowledged its sensitivity while warning against policies driven by fear. He reaffirmed Nigeria’s opposition to irregular migration but cautioned that securitised approaches in the Sahel often exacerbate instability, dismantle local economies, empower traffickers, and undermine governance.

He praised Spain’s circular migration schemes as a pragmatic, humane model that aligns with centuries-old patterns of seasonal work across West Africa.

Highlighting Nigeria–Spain collaboration, Tuggar cited joint initiatives in migration management, police training, and the fight against human trafficking. He commended Spain for demonstrating that engagement, dialogue, and development-focused partnerships yield more sustainable results than coercion.

Turning to development, the minister stressed that Africa’s marginal share of global trade is incompatible with its demographic weight. He argued that reliance on raw material exports in exchange for manufactured goods perpetuates underdevelopment, urging investment in value-addition and development finance as mutually beneficial strategies for stability.

Tuggar also cautioned against the shrinking space for diplomacy amid over-militarisation and polarised domestic politics. He called for diplomats to champion dialogue, compromise, and long-term solutions, particularly in addressing democratic backsliding and unconstitutional changes of government in parts of West Africa. He highlighted Nigeria’s leadership in launching a Regional Partnership for Democracy with the United Nations Development Programme, a program designed to strengthen democratic resilience in ways that respect local histories and cultures.

He urged Spain’s diplomatic corps to promote good neighbourliness not only within Europe but globally, stressing that in a world tempted by walls and withdrawal, true statesmanship lies in building bridges where geography, history, and shared interest already demand them.

Nigeria Urges Europe and Africa to Build Bridges, Not Walls

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Karai-Karai leader urges Bauchi government to engage youths for better productivity

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Karai-Karai leader urges Bauchi government to engage youths for better productivity

By: Yahaya Wakili

The leader of the Karai-Karai cultural heritage, Bala Bara Ma Jalam, Malam Usman Marqui Ma Jalam (known as Marqui), has called on the Bauchi state government to pay more attention to youths to engage them with something to do in the state.

He reiterated that, because youths are the backbone of everything in the society, anything to be done has to involve youths first; therefore, in reality, youths have been left behind, so the government should have done something to revive the teeming youths in the state.

Marqui made the call while briefing the newsmen at his residence shortly after this year’s Bala Bara Ma Jalam celebration in Jalam, Dambam local government area of Bauchi state.

According to Marqui, neglecting the youths without something to do is pushing them to get involved in crime, such as terrorism, kidnapping, banditry, and other criminal activities in the society; therefore, we are appealing to the Bauchi state government to create something for the youths so that they can be self-reliant.

“As they know and everybody knows, this Karai-Karai tribe culture call Bala Bara Ma Jalam used to take place in every first week of the new year, and we are celebrating it today, Tuesday, 6th January, 2026, at Jalam town in the Dambam local government of Bauchi state,” Marqui said.

He maintained that, as history comes, any tribe has its own culture, because the tribe that doesn’t have its own culture is not a complete tribe, and by the grace of Almighty God, we will face the next year’s Bala Bara Ma Jalam celebration, inshallah.

Karai-Karai leader urges Bauchi government to engage youths for better productivity

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Cuba Accuses U.S. of Military Aggression Against Venezuela, Pledges Unwavering Support

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Cuba Accuses U.S. of Military Aggression Against Venezuela, Pledges Unwavering Support

By: Michael Mike

Cuba has issued a fierce condemnation of what it claims was a military attack by the United States on Venezuela, describing the alleged action as a serious breach of international law and a threat to regional peace.

In an official statement released in Havana on Saturday, the Cuban Revolutionary Government said it stood in full solidarity with Venezuela and its leadership, backing calls by Caracas for proof of life of President Nicolás Maduro and First Lady Cilia Flores. Cuba also demanded their immediate release, alleging they were being held by U.S. authorities.

Havana characterised the reported operation as a “cowardly and criminal act,” accusing Washington of escalating a long-running campaign of pressure and hostility against Venezuela.

According to the statement, U.S. actions in the Caribbean intensified from September 2025, including increased naval activity justified by what Cuba called unfounded allegations.

The Cuban government said the alleged aggression was driven by imperial ambitions, claiming it was aimed at asserting dominance over Latin America and gaining access to Venezuela’s vast natural resources. It warned that the move was intended not only to undermine Venezuela’s sovereignty but also to intimidate other governments in the region.

Cuba placed responsibility for any deaths or damage resulting from the situation on the U.S. administration, naming President Donald Trump and senior officials as accountable for the consequences of what it described as reckless actions.

Recalling the 2014 Proclamation of Latin America and the Caribbean as a Zone of Peace, signed in Havana by regional governments, Cuba said the current developments represented a direct challenge to that collective commitment.

The statement urged the international community to reject what it called an unlawful act against a United Nations member state, warning that allowing such an action to go unanswered would set a dangerous precedent. Cuba stressed that Venezuela had not attacked the United States or posed a military threat.

Reaffirming its close alliance with Caracas, Cuba said it remained prepared to support Venezuela in defending its independence and sovereignty, calling on governments, parliaments and social movements worldwide to condemn the alleged aggression.

Cuba Accuses U.S. of Military Aggression Against Venezuela, Pledges Unwavering Support

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