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Nigeria to Benefit from US$500 million Development Plan

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Nigeria to Benefit from US$500 million Development Plan

By: Michael Mike

Nigeria is one of the country to benefit from a Memorandum of Understanding (MoU) signed for the co-financing of up to US$500 million of debt transactions to facilitate long-term sustainable development across developing economies and low-income countries in Africa, Asia, and the Caribbean.

The MoU was signed between British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor with Amsterdam-based ILX Management (ILX), an SDG and Climate-Focused Emerging Market Private Debt Fund.

According to a statement jointly signed by Clare Murray of British International Investment and Simone Boes of ILX Management, BII and ILX will invest across a broad range of sectors including renewable energy, infrastructure, financial services, manufacturing and agribusiness to increase the flow of capital into impactful businesses and projects.

The statement added that this new partnership will enable both parties to leverage each other’s expertise and provide additional financial firepower across Africa, Asia and the Caribbean. ILX and BII will share information on prospective projects, emerging technologies, and financial innovation. They will also establish a roadmap to mobilise private sector capital, specifically focusing on providing institutional investors with greater access to high-impact private debt investment opportunities in scalable businesses driving productive, sustainable and inclusive growth.

CEO, BII, Nick O’Donohoe said: “This partnership has been driven by our shared view of the need to invest to meet the SDGs. It furthers our ambition to create new job opportunities in developing economies and will provide private credit to help bridge the finance gap faced by many businesses. This asset class remains nascent, comprising of just 3 per cent of private credit globally, and is the natural next step for allocators of global private credit.”

CEO, ILX Management B.V., Manfred Schepers, said “ILX has already received over US$1 billion in commitments from leading Dutch pension funds and is currently raising a successor fund for a targeted US$ 2 billion commitments from European pension funds. Working with BII, together we will increase financial capacity for project finance, financial services debt and private sector debt across Africa, Asia and the Caribbean. We have a strong track record of investing alongside the leading Multilateral Development Banks and other Development Finance Institutions in climate, and SDG-targeted projects across emerging economies globally and look forward to the opportunities this partnership will bring.”

UK Minister for Development and Africa, Andrew Mitchell, on his part said “This MoU with ILX is an example of British International Investment’s pioneering approach to mobilising the private finance needed to deliver the UN Sustainable Development Goals. I am proud that FCDO provided early-stage funding to ILX, which went on to secure over US$1 billion in commitments to its first investment fund.

This new partnership will mobilise up to US$500m of additional finance for low-income countries across Africa, Asia, and the Caribbean, improving access to renewable energy and quality infrastructure and helping businesses to thrive.”

Nigeria to Benefit from US$500 million Development Plan

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NTAC DG Commends CIFCFIN for Giant Strides on 2nd Founders’ Day

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NTAC DG Commends CIFCFIN for Giant Strides on 2nd Founders’ Day

By: Michael Mike

The Director General of the Nigerian Technical Aid Corps, Rt. Hon. Yusuf Buba Yakub, has commended the Chartered Institute of Forensics and Fraud Investigators of Nigeria (CIFCFIN) for its remarkable achievements since its establishment, describing the Institute’s progress as “giant strides”.

The commendation was made during CIFCFIN’s 2nd Founders’ Day celebration, which took place,Thursday,in Abuja,and also featured the induction of new members, professional practitioners, and Fellows of the Institute; in addition to a few Awards to some deserving individuals.

The event,which was chaired by Hon. Justice Moore Abraham Aseimo of the Supreme Court of Nigeria,had in attendance several dignitaries,including the CIFCIN Founder and Pioneer President,
Dr. Iliyasu Buba Gashinbaki;Alh. Mairiga Aliyu Katuga,Chairman of the Securities and Exchange Commission (SEC) as well as Dr. Isa Egah Salifu, Registrar/CEO and Secretary to the Council of CIFCFIN.

Others included the
former EFCC Chairman, Mr. Ibrahim  Magu; representative of the Development Bank of Nigeria;representative of the Inspector General of Police as well as the representative of the Corps Marshall of the Federal Roads Safety Corps (FRSC),among many other senior officials of Government and stakeholders of the Institute.

In his remarks,Rt.Hon. Buba expressed pride in the milestones attained by CIFCFIN, noting that the Institute’s growth reflects a strong commitment to professionalism in forensics and fraud investigation,both of which are critical to Nigeria’s fight against corruption and economic crime.

Among those honoured at the event were the NTAC DG,whose role as the sponsor of the Bill for the establishment of the Institute was applauded by all.

The ceremony concluded with an official photo session with the Institute’s leadership and invited guests.
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Christian Genocide: Information Minister Asks CSOs to Correct Misinformation About Nigeria

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Christian Genocide: Information Minister Asks CSOs to Correct Misinformation About Nigeria

By: Michael Mike

The Minister of Information and National Orientation, Mohammed Idris, has appealed to Civil Society Organisations to help correct the misrepresentations of Nigeria as a violator of religious freedom.

The Minister made the appeal at the 25th Anniversary of ActionAid in Abuja.

He said there is an urgent need for CSOs in the country to counter the narratives by applying evidence-based insights into the Nigerian situation.

Idris while addressing the misconceptions about Nigeria abroad, insisted that the country is not a violator of religious freedom and reaffirmed that such freedoms are clearly guaranteed in the constitution.

The minister who acknowledged security challenges even as he emphasized that government efforts are yielding progress, cautioned against narratives that mischaracterise Nigeria and strain its relations with its partners, particularly the United States.

He admitted lthe government’s responsibility to protect citizens, especially children, stating that “our children must be safe in their schools, safe in their communities, and safe in their homes” and highlighted President Tinubu’s recent declaration of a national emergency on security.

He revealed that the emergency measures include new recruitment into security agencies, support for state-level security outfits, and a push for legislative action towards establishing state police.

He described the declaration as a turning point in the fight against terrorism and banditry.

He called on CSOs to deepen their support for open governance, media freedom, digital literacy, and community development, and affirmed that ActionAid’s contributions in these areas remain “complementary and invaluable” to national progress.

The Minister who was the Chairman of ActionAid Nigeria 25 years anniversary celebration commended AAN for its action, service, and transformative work across the country.

He said, “For a quarter of a century, ActionAid has taken development to the frontlines, empowering women and girls, strengthening education, improving healthcare, advocating for governance reforms, supporting communities during crises, and amplifying the voices of the most vulnerable.”

He noted that ActionAid must be praised for its innumerable responses to challenging humanitarian situations and grassroots empowerment work that have shaped policy and community development in profound and measurable ways in Nigeria. “Today, we gather to honour this legacy and to look toward the next chapter.”

The Minister said: “I am equally pleased to unveil the ActionAid building prototype, a strong signal of organisational growth and long-term presence in Nigeria. This forward-looking investment reflects ActionAid’s commitment to deepening its contribution to our nation over the next 25 years and beyond. These milestones deserve our collective applause.”

In his remarks, Country Director, ActionAid Nigeria, Andrew Mamedu, said the struggle of AAN in the last 25 years is to help contain poverty, a struggle he said has not been of convenience but of conviction.

He said: “25 years ago, ActionAid Nigeria began with a simple but radical proposition that poverty is not natural.

And that exclusion is not a condition to be managed by the system. But we have to dismantle it. The true development does not happen when charity is displaced.

“Charity may be rights, give things, that’s charity. But when power is shifted from privilege to the marginalised, from silence to participation, from oppression to agency, our journey has never been one of convenience, it has been one of conviction.

“We have chosen to take sides with women denied their rights, with youth denied their voices, and with communities denied access to opportunities they deserve.

“Because we know that to end poverty, we must confront the structural injustice that creates it. “So for the past 25 years, we have stood shoulder to shoulder with people living in poverty and exclusion. Not as saviours, we don’t see ourselves as saviours, but as allies who are working together.”

Christian Genocide: Information Minister Asks CSOs to Correct Misinformation About Nigeria

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Sheikh Dahiru Bauchi: VP Shettima Charges Young Scholars To Preserve His Message Of Tolerance

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Sheikh Dahiru Bauchi: VP Shettima Charges Young Scholars To Preserve His Message Of Tolerance

By: Michael Mike

Says nation has lost one of the last great titans of Islamic scholarship

Vice President Kashim Shettima has charged emerging Islamic scholars across Nigeria and Africa to preserve and propagate the enduring message of tolerance, dialogue, and inclusivity exemplified by the late renowned Islamic cleric, Sheikh Dahiru Usman Bauchi.

He specifically said that the late Tijjaniyya leader’s commitment to dialogue and inclusivity represents the true heritage of Islam that must guide future generations.

The Vice President gave the charge on Friday after attending the burial ceremony of the late Sheikh Dahiru Usman Bauchi in Bauchi, Bauchi State, where he described the passage of the cleric as a monumental loss not only to Nigeria but to the global Muslim Ummah.

“This nation has lost a colossus—an institution and one of the last great titans of Islamic scholarship. We call on our emerging scholars to embrace the path of dialogue, moderation, accommodation, and inclusivity, because this is the true heritage of Islam—not fanaticism, not extremism,” VP Shetimma said.

Praying for the repose of the late cleric’s soul, the Vice President said, “May Allah grant his soul eternal rest and reward him with Aljannatul Firdaus. May Allah grant his family and millions of followers the fortitude to bear this irreparable loss.”

Also speaking at the burial, the Governor of Bauchi State, Senator Bala Mohammed, described Sheikh Dahiru Bauchi as a towering figure whose legacy transformed Islamic education and uplifted countless families.

“He made remarkable contributions to development and established a strong tradition of Qur’anic research and scholarship. He mentored so many people. We have lost a father, a guardian, a teacher, and a colossus,” the governor said.

Similarly, the Governor of Kano State, Abba Yusuf, described the day as deeply sorrowful, not only for the family of the cleric but for all Nigerians and the entire Muslim Ummah across the world.

Yusuf said Sheikh Bauchi was widely known as an exceptional Islamic scholar who taught Qur’an and Hadith to hundreds of millions of people, especially his family and members of the Tijjaniyya order.

“May God grant his soul eternal rest and give the nation the fortitude to bear this irreparable loss,” he added.

Also speaking, the Governor of Niger State, Mohammed Umar, expressed gratitude to God for the cleric’s life, describing it as well spent. He said the late scholar would be remembered as a distinguished scholar and leader.

Sheikh Dahiru Bauchi: VP Shettima Charges Young Scholars To Preserve His Message Of Tolerance

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