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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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Youth attempt to disarm soldiers enforcing curfew in Niger

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Youth attempt to disarm soldiers enforcing curfew in Niger

By: Zagazola Makama

Some youths in Borgu Local Government Area of Niger State allegedly attempted to disarm soldiers enforcing a curfew before fleeing the scene, security sources have said.

Zagazola gathered that the incident occurred at about 10:35 p.m. on March 10 when troops of the 221 Battalion, Wawa Cantonment, were on patrol to enforce the curfew declared by the Chairman of Borgu Local Government.

According to the sources, the troops were patrolling along the Correctional Service Office area in New Bussa when they intercepted some motorcycles.

During the encounter, some aggressive youths reportedly began stoning the soldiers and attempted to struggle with them in a bid to seize a rifle, while also hurling abusive language.

The troops fired warning shots into the air to disperse the youths, who later fled the scene.

The Controller of the Nigerian Correctional Service subsequently reported the incident to the police.

Following the report, the Divisional Police Officer (DPO) in New Bussa immediately mobilised more security personnel to the area, but the youths had already dispersed.

Community leaders, including the village head, were later invited and cautioned to maintain peace and ensure residents avoid confrontations or misunderstandings with security personnel.

Security sources said no arrest was made and no injury was recorded, while the military troops continued their patrol in the area.

Youth attempt to disarm soldiers enforcing curfew in Niger

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ISWAP appoints Abu Ameer as new pulka commander after neutralization of Modu Kundiri

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ISWAP appoints Abu Ameer as new pulka commander after neutralization of Modu Kundiri

By: Zagazola Makama

Following the recent neutralization of Modu Kundiri, the senior commander (Qa’id) of Pulka camp in Gwoza Local Government Area of Borno State, the Islamic State West Africa Province (ISWAP) has appointed a replacement to sustain its operational command in the area.

Intelligence reports obtained on the evening of March 11, 2026, revealed that ISWAP leadership quickly designated Abu Ameer as the new commander (Qa’id) of Pulka camp. The move pointed out to the group’s efforts in maintaining command continuity despite recent setbacks.

Kundiri had served as the senior commander, also known as Qa’id, of the group’s Pulka camp, a strategic operational hub located in the southern axis of Borno near the border with Adamawa State and Cameroon.

Pulka occupies a critical position in the insurgency landscape due to its geographical proximity to the border regions linking Borno State with Adamawa State and neighbouring Cameroon.

The area has historically served as a transit corridor for insurgent fighters, logistics supplies and communication networks operating across multiple theatres.

According to intelligence discussions intercepted on March 11, fighters loyal to the group are still present in Ngalta village, located between Pulka in Gwoza LGA and Madagali Local Government Area in Adamawa State.

The disclosure reportedly came during internal exchanges among insurgent members, where a fighter identified as Konto informed another member, Manya, about the continued presence of fighters in the area.

Such conversations indicated that despite losing commanders, the group continues to maintain operational cells and surveillance elements within the Pulka–Ngalta–Madagali corridor.
The continued presence of fighters in Ngalta village suggests that the insurgents may still retain limited operational capability along the Borno–Adamawa border axis. Such locations often function as temporary regrouping points or staging areas for movement between remote settlements.

The development therefore point to the need for sustained intelligence gathering, aerial surveillance and coordinated ground operations across the corridor.

Zagazola emphasise the importance of maintaining strong collaboration between military forces, local vigilante groups and community intelligence networks to detect insurgent movement.

The development comes amid ongoing operations by the Nigerian military to dismantle ISWAP strongholds across the Northeast and reinforce stability in affected communities.

ISWAP appoints Abu Ameer as new pulka commander after neutralization of Modu Kundiri

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Buni attends funeral prayers of Wali Shettima, elder brother, in Nauru

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Buni attends funeral prayers of Wali Shettima, elder brother, in Nauru

By: Yahaya Wakili

The Executive Governor of Yobe State, Hon. Mai Mala Buni CON, COMN, and other top government functionaries attended today the funeral prayers for Ba Wali Shettima, elder brother to Yobe State Secretary to the State Government, Alhaji Baba Mallam Wali mni, in Nguru town of Yobe State.

Ably represented by his deputy, Hon. Idi Barde Gubana (Wazirin Fune), the funeral prayers were led by the chief imam of Nguru Central Mosque, Shiek Ibrahim Shehu Ahmad.

The governor described the death of the renowned Islamic scholar Ba Wali as a huge loss not only to the Nguru community but to the whole Yobe state.

Gubana further extolled the virtues of the late Ba Wali as a committed and dedicated cleric, an epitome of peace and knowledge who contributed his own quota towards teaching and propagating Islam.

Late Ba Wali died at the University Teaching Hospital, Damaturu, on Tuesday after a protracted illness at the age of 80. He is survived by a wife, ten (10) children, and many grandchildren.

Special prayers were offered by Chief Imam Shiek Ibrahim Shehu Ahmad. May Aljanna Firdausi be the reward of his good deeds. Amin, suma Amin.

Buni attends funeral prayers of Wali Shettima, elder brother, in Nauru

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