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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
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
By: Michael Mike
The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.
In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.
The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.
NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.
According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.
The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.
NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.
The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.
The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
News
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.
The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.
They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.
“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.
“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.
According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.
“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.
“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”
The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.
They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.
They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.
They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.
“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
News
Troops neutralise bandit, recover arms in Plateau raid
Troops neutralise bandit, recover arms in Plateau raid
By: Zagazola Makama
Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.
Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.
“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.
The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.
The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.
Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.
Troops neutralise bandit, recover arms in Plateau raid
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