News
FG Launches Biodiversity Finance Initiative to Safeguard Nation’s Ecosystem
FG Launches Biodiversity Finance Initiative to Safeguard Nation’s Ecosystem
By: Michael Mike
In a landmark move towards safeguarding the nation’s forests, ecosystems, and biodiversity that underpin livelihoods across the country, the federal government has launched the Biodiversity Finance Initiative (BIOFIN).
It is an important step towards bridging financial gap for biodiversity conservation while strengthening partnerships among government institutions, the private sector, civil society, and local communities.
Speaking at the launch of the initiative in Abuja, the Director of Forestry at the Ministry of Environment, Mrs Halima Bawa-Bwari, said BIOFIN will support sustainable forestry practices that balance ecological integrity with economic growth, while empowering communities as custodians of biodiversity.

She said: “The urgency to act has never been greater. The National Biodiversity Strategy and Action Plan (NBSAP) provides us with a clear roadmap to conserve, sustainably use, and equitably share the benefits of biodiversity.”
She noted that: “BIOFIN complements this vision by mobilising innovative financing solutions, ensuring that our commitments are not only aspirational but achievable.”
She said Nigeria has consistently demonstrated its commitment to biodiversity conservation, while explaining that through the NBSAP, “the country has pledged to integrate biodiversity financing into national development planning, strengthen institutional frameworks, and mobilise both domestic and international resources.”
She said that this commitment was already reflected: Increased budgetary allocations to forestry and conservation programme; Partnerships with development organisations to unlock innovative financing mechanisms; Mainstreaming biodiversity into key sectors such as agriculture, energy, and infrastructure; and community -driven initiatives that ensure local communities benefit directly from conservation efforts
She however called on all stakeholders to collaborate in strengthening Nigeria’s biodiversity agenda.
She said: “Let us commit to innovative thinking, collaborative action, and unwavering dedication to safeguarding our forests and biodiversity for generations to come.

“Together, we can ensure that the Biodiversity Finance Initiative becomes a beacon of hope and a model of sustainability, aligned with Nigeria’s commitments under the NBSAP and our broader national development and Renewed Hope agenda.”
While revealing that the organisation’s mission is to activate and accelerate the transition towards a nature-positive global economy, said: “Businesses in Nigeria are increasingly paying attention to nature as part of their broader work on sustainability, but they are not yet all aware of how their work contributes to national plans to protect, restore and sustainably use nature.”
She insisted that collaboration will help accelerate progress for nature in Nigeria by connecting private sector leadership with national biodiversity and climate priorities—turning global goals into national action.
She disclosed that: “In 2022, 196 countries made a historic commitment through the Global Biodiversity Framework (GBF), a global plan to halt and reverse nature loss by 2030,” stating that the government cannot achieve this alone.
She noted that: “Businesses and financial institutions must play a central role in delivering the transition toward a nature-positive future. Through this partnership, the organisations will convene leading Nigerian companies and government representatives through a Business Advisory Group (BAG).”
On her part, the representatives of Natural Eco Capital, Rantiola Babatimehin, stated that the organisation remains commitment to strengthening sustainability by helping public and private bodies build resilient, eco-conscious businesses and economies.
She said: @As a member of the Capitals Coalition, we collaborate with governments, financial institutions, and investors to tackle issues around natural capital, climate change, low-carbon development, sustainable finance, and circular economy.”
The Director-General of the Nigerian Conservation Foundation, Dr Joseph Onoja, insisted that conservation of biodiversity is everybody’s business.
He said: “Every organisation and every individual involved in business should also play a role in safeguarding biodiversity. That is why we established the Business Advisory Group—so that together, we can develop a Business Action Plan for Biodiversity and identify practical steps to strengthen biodiversity conservation in Nigeria.”
The Ministry’s Biodiversity Desk Officer, Sikeade Egbuwalo, explained that BIOFIN and Nigeria’s NBSAP can be adequately financed by mobilising more public and private sector investments, unlocking new revenue streams, and aligning economic incentives with conservation.
FG Launches Biodiversity Finance Initiative to Safeguard Nation’s Ecosystem
News
Gombe Govt restates commitment to MSMEs growth
Gombe Govt restates commitment to MSMEs growth
The Gombe State Government, on Friday engaged stakeholders in the finance sector towards easing access to credit and ensuring the growth of Micro, Small and Medium Enterprises (MSMEs) in the state.
Malam Muhammad Magaji, the state’s Commissioner of Finance and Economic Development stated this in Gombe while declaring open the State Action on Business Enabling Reforms (SABER) Programme, themed: “Guide to Access Credit”.
Magaji said that the meeting was aimed at creating an environment conducive for business growth by removing the bottlenecks around accessing finance.
He said that the administration of Gov. Inuwa Yahaya of Gombe State has prioritised the development of businesses and industries to drive economic prosperity for the state, create jobs and improve the wellbeing of residents.
Magaji who was represented by Mr Jalo Ibrahim, the Permanent Secretary, Ministry of Finance and Economic Development said that the state is now more deliberate in supporting small business owners to grow.
According to him, Yahaya-led administration’s commitment to MSMEs growth is to ensure inclusive growth of the economy in view of the role of such small businesses to economic transformation.
“We are engaging the financial institutions and relevant stakeholders to see how we can remove the barriers affecting access to credit to SMEs in the state.
“This is part of the current administration’s commitment to strengthening access to loan facilities that would give life to small businesses and help more youths start up businesses.
“We are very committed as a government to see to it that we provide all the needed supports to make doing business in Gombe State easy.
“Government will inject more money into the system to serve as collateral for business owners and also serve as guarantor to those who are willing to access finance,” he said.
On his part, Alhaji Nasiru Aliyu the Commissioner for Trade, Industry, and Tourism,
Gombe State restated the state government’s commitment to industrialising the state and attracting investors.
Aliyu said that Yahaya’s administration had invested a lot to boost industrial growth and turn the state into the industrial and evonomic hub of North East.
Mr Kabiru Tsoho, the SABER focal person for Gombe State said that the SABER Programme is a World-Bank project aimed at easing businesses towards accelerating the growth of the economic sector.
Tsoho said the engagement would help remove impediments to accessing finance and encouraging business growth.
“This will help improve business environment and encourage investment which would provide more opportunities for jobs to be created and for economic empowerment of women and youths,” he said.
Mr Sanusi Abdullahi, Chairman, Traders Association of Nigeria, Gombe State chapter commended the initiative by the state government and World Bank to make doing business easy.
Abdullahi said with improved access to loans, there would be more youth employment and improvement in the standard of living of residents of the state.
Gombe Govt restates commitment to MSMEs growth
News
Troops arrest gunrunner, recover arms, ammunition in Plateau
Troops arrest gunrunner, recover arms, ammunition in Plateau
By: Zagazola Makama
Troops of 3 Division of the Nigerian Army under Operation Joint Task Force, Operation Enduring Peace (OP Enduring Peace), have arrested a suspected gunrunner and recovered arms and ammunition in Bokkos and Mangu Local Government Areas of Plateau State.
The operations, conducted on Thursday, were part of ongoing efforts to mop up illicit arms and ensure a peaceful yuletide season within the Joint Operations Area, military sources said.

In the early hours of the day, troops, in conjunction with operatives of the Department of State Services (DSS), raided a suspected criminal hideout at Gwender Village in Bokkos Local Government Area, following intelligence reports.
Although the suspects reportedly fled before the arrival of the troops, a search of the hideout led to the recovery of one fabricated AK-47 rifle with a magazine, one fabricated pistol and several rounds of ammunition of different calibres.
In a related operation, troops working with a DSS Tactical Team mounted a snap checkpoint at Mairana in Mangu Local Government Area, based on credible intelligence.
During the operation, a Fulani youth was intercepted and arrested while in possession of two boxes of ammunition containing 1,400 rounds of 7.62mm special ammunition.
The suspect and the recovered items are currently in custody for further investigation, while troops have intensified follow-up operations to apprehend other members of the suspected criminal syndicate.
The military reiterated its commitment to sustaining pressure on criminal elements to ensure peace and security across Plateau State and the wider Joint Operations Area.
Troops arrest gunrunner, recover arms, ammunition in Plateau
News
Zulum disburses N1bn, trains 1,050 youths on GSM repairs
Zulum disburses N1bn, trains 1,050 youths on GSM repairs
By: Our Reporter
Borno State Governor, Prof. Babagana Umara Zulum, has launched an empowerment package worth N1,000,000,000 targeting thousands of young residents, mostly GSM repairers and technicians.
The initiative targets 1,050 youths who will be trained on phone repairs and maintenance; about 3,000 other apprentices will receive cash.

Each of them will receive a complete set of modern working tools, including an 852D hot air rework station, a separating machine Kc2025, a battery booster S2025 pro, an adjustable temperature soldering iron V900c, a digital multimeter DT9205Plus and a precision screw driver set 60 in 1, to enhance their own repair businesses.
In addition to the tools, all 1,050 GSM repair trainees will receive direct cash support to serve as seed capital for their ventures.
The disbursement comprises four categories: the first group, consisting of 26 beneficiaries each receiving N1 million; the second group, 189 beneficiaries each receiving N300,000; the third group, 835 beneficiaries each receiving N100,000; and the fourth category, 3,500 apprentices, each receiving N100,000 and different calibres of working tools. The training cost is N482 million.

Speaking during the launching ceremony, Zulum said: “It gives me immense pleasure and a deep sense of fulfilment to stand before you today on this historic occasion—the official launch of the disbursement of N1 billion empowerment scheme alongside the training of operators at the GSM Market here in Maiduguri.”
The governor also recalled several initiatives by his administration on investment in human capital development.
He said, “Only recently, this administration took a bold and visionary step by sponsoring two hundred youths to study aircraft piloting and aeronautic engineering at Isaac Balami University.
“This initiative is designed to place Borno State on the global aviation map and demonstrate that, despite our challenges, we are preparing our youths for world-class opportunities. The process is almost completed.

“So far so good, about 400 Borno state indigenes are pursuing PhDs and master’s degrees abroad. In addition, 100 of our youths are currently studying Medicine and related courses in China.”
The occasion was attended by the senator representing Borno Central, Barrister Kaka Shehu Lawan; members of the House of Representatives; the deputy speaker of the Borno State House of Assembly, Engr Abdullahi Askira; commissioners and senior government officials.
Zulum disburses N1bn, trains 1,050 youths on GSM repairs
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