National News
Infracredit, French Development Agency (Afd) Sign Agreement To Support Sub-National Public-Private Partnership Projects In Nigeria
Infracredit, French Development Agency (Afd) Sign Agreement To Support Sub-National Public-Private Partnership Projects In Nigeria
By: Michael Mike
InfraCredit, a specialised infrastructure credit guarantee institution in Nigeria and the Agence Française de Développement (AFD) have signed a Technical Assistance Financing Agreement.
Under the latter, AFD will provide project preparation and development technical assistance support for InfraCredit’s prospective pipeline of public private partnership (PPP) projects in selected state governments that require support to improve their bankability and attract private sector participation. Thus, it will enable them access long-term local currency financing from the domestic debt capital markets.
Technical and legal assistance as well as feasibility studies for projects selected in agreement between InfraCredit and AFD will enable, among others, to support the development of infrastructure projects and job creation.
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InfraCredit’s Annuity PPP Guarantee was developed to facilitate the sustainable financing of new infrastructure projects alongside subnational governments in Nigeria. Such eligible projects could benefit from InfraCredit’s guarantee, which can mobilise up to 20-year local currency financing from the domestic debt capital markets.
Speaking on the Agreement, Chief Executive Officer of InfraCredit, Chinua Azubike, stated that “To date, InfraCredit’s guarantees have enabled the issuance of up to USD266 Million (NGN Equivalent) of local currency infrastructure bonds, of which 61% include PPP projects. However, an increasing pipeline of sub-national infrastructure projects requires project preparatory support to deliver well-structured bankable projects that can access the debt capital markets. This collaboration will enable state governments adopt new funding tools and PPP models that will attract and retain private sector’s financial incentive to invest in viable infrastructure projects. AFD’s technical assistance funding will enable InfraCredit build deal pipelines of well-prepared state government-supported and private sector-led infrastructure projects to be executed.”
Speaking on the Agreement with InfraCredit, Xavier Muron, Country Director of AFD in Nigeria, noted that: “This €600,000 grant to Infracredit will finance studies and technical assistance for future infrastructure projects via public-private partnerships throughout Nigeria. Ultimately, it aims at mobilising further the private sector in infrastructure projects.”
Infracredit, French Development Agency (Afd) Sign Agreement To Support Sub-National Public-Private Partnership Projects In Nigeria
ISWAP Terrorists Kill Hunters’ Leader in Borno
By: Zagazola Makama
Suspected ISWAP terrorists have killed the chairman of the hunters’ group in Garjang village, Damboa Local Government Area of Borno State.
Sources told Zagazola Makama that the incident occurred at about 5 a.m. on Sunday.
The victim, identified as Habu Dala, 53, was abducted from his home by the terrorists, who took him through Mulharam to Forfot villages in Damboa LGA.
Villagers mobilised in search of Dala and later found his corpse bearing gunshot wounds.
Troops of Operation HADIN KAI, members of the Civilian Joint Task Force (CJTF), and the hunters’ group visited the scene.
The remains were evacuated to the General Hospital, Damboa, where he was certified dead and later released to his family for burial in accordance with Islamic rites.
ISWAP Terrorists Kill Hunters’ Leader in Borno
Nine Injured in Kwali Farmers–Herders Clash
By: Zagazola Makama
Nine persons sustained machete injuries in a clash between Bassa farmers and Fulani herders in Gomoni Village, Kwali Area Council of the FCT.
Sources told Zagazola Makama that the fight, which broke out on Aug. 9 at about 3:30 p.m., followed alleged destruction of melon and maize farms belonging to the Bassa community by cattle.
It was gathered that the Nigeria army troops
along with joint team of operatives, and vigilantes were deployed to the scene following a distress call.
Six Bassa and three Fulani victims with varying degrees of machete cuts were taken to Rhema Foundation Hospital, Kwali, for treatment.
Authorities confirmed that the situation had been brought under control and normalcy restored, while investigation was ongoing.
Nine Injured in Kwali Farmers–Herders Clash
National News
VP Shettima Attends Wedding Fatiha Of Aisha Shehu Aliyu and Muhammad Jalal Babangida Aliyu
VP Shettima Attends Wedding Fatiha Of Aisha Shehu Aliyu and Muhammad Jalal Babangida Aliyu
By: Our Reporter
Vice President Kashim Shettima on Saturday attended the wedding fatiha of Aisha, daughter of Shehu Aliyu, an Executive Director with First Bank of Nigeria, and Muhammad Jalal, son of former Niger State Governor, Dr. Mu’azu Babangida Aliyu, Talban Minna, at the National Mosque, Abuja.
The solemnisation, led by the Chief Imam of the National Mosque, Dr. Muhammad Kabir Adam, alongside other Imams, featured prayers for the couple’s blessings.
Vice President Shettima stood in for the bride, while Dr. Mu’azu Babangida Aliyu represented the groom, culminating in the presentation of the dowry and the formal tying of the marital knot.
The event was graced by prominent dignitaries, including former Vice President Namadi Sambo, former Jigawa State Governor Sule Lamido, Minister of State for Agriculture and Food Security Senator Aliyu Sabi Abdullahi, former Kaduna State Governor Ahmed Makarfi, former Minister of Special Duties Kabiru Turaki, Katsina State Deputy Governor Faruk Lawal Jobe, the Emir of Borgu, Niger State, Muhammad Sani Dantoro among many others.
VP Shettima Attends Wedding Fatiha Of Aisha Shehu Aliyu and Muhammad Jalal Babangida Aliyu
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