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Nigeria to Benefit from US$500 million Development Plan
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
News
Spate in Bloodshed in the North: KACRAN Calls for Diplomatic Solution
Spate in Bloodshed in the North: KACRAN Calls for Diplomatic Solution
By: Michael Mike
As fresh waves of violence leave communities in mourning across Northern Nigeria, the Kulen Allah Vitality Self-Reliance Association (KACRAN) has called for an immediate diplomatic surge to end the spiraling insecurity that has claimed more than 200 lives in recent attacks in Niger and Kwara states.
In a statement issued on Sunday, the association condemned what it described as a relentless cycle of killings, kidnappings and livestock rustling that has devastated families and crippled rural economies.
It also decried the reported abduction of 176 persons in parts of Kwara State, urging security agencies to ensure their swift and unconditional release.
KACRAN said while the military has continued to confront armed groups across the region, force alone cannot deliver lasting peace.
“Permanent peace is built on trust, dialogue and unity of purpose, not bullets alone,” the association said, warning that prolonged militarisation of internal conflicts risks creating more complex and entrenched crises.
The group acknowledged ongoing security interventions under President Bola Tinubu and commended the leadership of the National Security Adviser, Nuhu Ribadu, as well as the Chief of Defence Staff, Christopher Musa.
It praised the sacrifices of troops on the frontlines but expressed concern that despite a defence budget exceeding N5 trillion in 2026, attacks continue in several communities.
According to KACRAN, the persistence of violence suggests the need for a complementary political and diplomatic framework to address the root causes of instability, including poverty, youth unemployment, communal mistrust and competition over land and grazing resources.
The association proposed what it termed a “diplomatic roadmap” anchored on three key pillars: coordinated leadership among Northern governors and stakeholders; structured dialogue to rebuild trust between affected communities; and economic reinvestment in agriculture and youth empowerment.
It stressed that redirecting resources toward job creation, infrastructure and holistic agricultural development — spanning crop farming, livestock and fisheries — would undercut the economic incentives driving criminality.
“Peace and security in the North is the bedrock of peace in Nigeria,” said Hon. Khalil Bello, National President of KACRAN, urging Northern leaders to close ranks and take collective responsibility for restoring stability.
The North has faced years of overlapping security challenges, from banditry and kidnapping to farmer-herder clashes and organized criminal networks. Entire villages have been displaced, schools shut down and farmlands abandoned, worsening food insecurity and economic hardship.
Security analysts note that while military operations have recorded tactical successes, the absence of sustained dialogue and socio-economic reforms has allowed violence to resurface in cycles.
KACRAN warned that Nigeria must avoid the prolonged instability seen in conflict-ridden nations, emphasizing that unity and inclusive engagement remain the only viable path to sustainable peace.
Spate in Bloodshed in the North: KACRAN Calls for Diplomatic Solution
News
Nigerians in Diaspora Commission Boss Demands Justice Over Killing of Nigerian Driver in South Africa
Nigerians in Diaspora Commission Boss Demands Justice Over Killing of Nigerian Driver in South Africa
By: Michael Mike
The Chairman/Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has strongly condemned the killing of a 22-year-old Nigerian e-hailing driver, Isaac Satlet, in Pretoria, South Africa, describing the incident as deeply troubling and unacceptable.
In a statement issued in Abuja on Sunday, Dabiri-Erewa called on South African authorities to ensure the immediate arrest and prosecution of all those involved in the crime. She said the recurring cases of violence and criminal attacks against Nigerians living in South Africa have become a serious source of concern.
The NiDCOM boss noted that Nigeria and South Africa share a long history of diplomatic, economic and historical ties, rooted in solidarity during the anti-apartheid struggle, however expressing disappointment that despite this relationship, some individuals continue to perpetrate violent crimes against fellow Africans.
Dabiri-Erewa urged South African authorities to guarantee the protection of lives and property of non-indigenes, stressing that justice must not only be done but be seen to be done in the case of the murdered driver.
She reiterated the Commission’s resolve to strengthen rapid response protocols and institutionalise structured escalation mechanisms for handling diaspora-related emergencies. According to her, NiDCOM will intensify risk mapping strategies and deepen structured engagement with host authorities to improve the safety of Nigerians abroad.
Meanwhile, South African police have reportedly arrested a female suspect in connection with the brutal murder of Satlet, which occurred on February 11, 2026, in Pretoria West. The suspect is expected to appear before the Atteridgeville Magistrate’s Court on February 16, 2026, on charges of car hijacking and murder.
Police reports indicate that Satlet had picked up two passengers — a male and a female — through an e-hailing platform before he was attacked and his vehicle hijacked. His body and the stolen car were later discovered in Atteridgeville.
Dashcam footage reportedly captured part of the incident and played a crucial role in the swift arrest of the female suspect. Authorities are still searching for the male suspect, with further arrests anticipated.
The killing has sparked widespread outrage within the Nigerian community in South Africa and back home, with renewed calls for improved safety measures for e-hailing drivers who often operate in high-risk environments.
Satlet, described by friends and associates as hardworking and ambitious, was a student preparing to graduate next month. He had reportedly planned to pursue further studies in Canada, making his death even more devastating for his family and loved ones.
Over the past decade, diplomatic relations between Nigeria and South Africa have occasionally come under strain due to recurring xenophobic attacks and criminal incidents involving foreign nationals, including Nigerians. Several bilateral meetings and joint commissions have been convened to address concerns over citizens’ safety and promote cooperation on migration and security issues.
NiDCOM, established to engage and protect Nigerians in the diaspora, has repeatedly advocated structured frameworks with host countries to respond swiftly to emergencies affecting Nigerian nationals abroad. The Commission has also called for improved documentation, safety awareness, and collaboration between diaspora groups and local law enforcement agencies.
Dabiri-Erewa reaffirmed that while Nigeria respects the sovereignty of South Africa, the safety and protection of Nigerian citizens abroad remain non-negotiable.
Nigerians in Diaspora Commission Boss Demands Justice Over Killing of Nigerian Driver in South Africa
News
Kidnapped worshippers of St. John Catholic Church regain freedom in Benue, four suspects arrested
Kidnapped worshippers of St. John Catholic Church regain freedom in Benue, four suspects arrested
By: Zagazola Makama
The Benue State Police Command has confirmed the release of worshippers abducted during a night vigil at St. John Catholic Church, Ojeji, in Ado Local Government Area of the state.
Sources disclosed that the victims were freed unhurt following sustained search and rescue operations mounted by security operatives in the area.
In connection with the incident, two suspects, Abubakar Jibril and Ashiru Ibrahim, were earlier arrested on Feb. 11, 2026, by the Divisional Police Officer (DPO) in Ado. The suspects were reportedly found in possession of five rounds of 7.62mm ammunition at the time of their arrest.
Further follow-up operations by the Intelligence Response Team (IRT) from Abuja, in collaboration with tactical teams, led to a raid on a hideout linked to one of the suspects. During the operation on Feb. 14, an AK-47 rifle and eight rounds of 7.62mm ammunition were recovered, while two additional suspects were arrested.
The suspects are believed to be involved in the kidnapping of worshippers during the church’s night vigil.
Authorities said investigations by the State Criminal Investigation Department (SCID) and the IRT are ongoing, with efforts intensified to track down other members of the syndicate.
Kidnapped worshippers of St. John Catholic Church regain freedom in Benue, four suspects arrested
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