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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
Fourteen Abducted Victims Released in Maru, Zamfara State; Two Killed in Captivity
By: Zagazola Makama
Fourteen victims abducted in December 2025, including six family members of Inspector Hussaini Abubakar of Maru Police Division, have been released by their captors.
Zagazola reliably gathered that the release occurred at about 1:00 p.m. on Feb. 26, 2026. Unfortunately, two of the victims, identified as Bashir Marafa, aged 45, and Halliru Kabiru, aged 50, were killed while in captivity.
Sources added that a pregnant woman among the abductees delivered a baby girl while in captivity. The victims are currently receiving medical attention at the General Hospital, Maru.
Fourteen Abducted Victims Released in Maru, Zamfara State; Two Killed in Captivity
Two Abducted Victims Rescued in Tsafe, Zamfara; One Killed in Bandit Attack at Talata Mafara
By: Zagazola Makama
Two persons abducted earlier this month in Tsafe Local Government Area of Zamfara State have been rescued, while a separate bandit attack in Talata Mafara LGA left one person dead and others missing.
Sources confirmed that Bashir Adamu Iyatawa, 42, and Kenneth Allahmagani, 35, both from Zaria City, Kaduna State, were abducted at Unguwar Chida Village in Tsafe on Feb. 16, 2026.
They were rescued on Feb. 26, debriefed, and later taken to a hospital for medical attention before being handed over to their relatives.
In a separate incident, armed bandits loyal to a local bandit leader, Na Sanda, attacked the outskirts of Jangebe town in Talata Mafara LGA on Feb. 27 at about 2:00 a.m.
The attack resulted in the death of Misbawu Aminu, 30, and the abduction of an unspecified number of persons to an undisclosed location.
Joint troops of Operation FANSAN YANMA and local vigilante groups are reported to be pursuing the fleeing bandits. Authorities have assured that efforts to rescue the abducted victims and apprehend the culprits are ongoing.
Two Abducted Victims Rescued in Tsafe, Zamfara; One Killed in Bandit Attack at Talata Mafara
Boko Haram Attack on CJTF Leaves One Dead in Gwoza, Borno state
By: Zagazola Makama
One member of the Civilian Joint Task Force (CJTF) was killed following an ambush by suspected ISWAP terrorists along the Warave–Gwoza Road in Gwoza Local Government Area of Borno State.
Sources said the incident occurred on February 25 at about 7:30 a.m. when gunmen attacked members of the CJTF and hunters on routine patrol. Fifty-year-old Bello Adamu, a member of the CJTF, was fatally injured in the attack.
Army troops of Operation HADIN KAI, Police Tactical Units, and CJTF personnel visited the scene, documented the incident, and evacuated the victim to Gwoza General Hospital, where he was certified dead on arrival. His body was released to his family for burial according to Islamic rites.
Monitoring of the area continues to prevent further attacks.
Boko Haram Attack on CJTF Leaves One Dead in Gwoza, Borno state
Fourteen Abducted Victims Released in Maru, Zamfara State; Two Killed in Captivity
Two Abducted Victims Rescued in Tsafe, Zamfara; One Killed in Bandit Attack at Talata Mafara
Boko Haram Attack on CJTF Leaves One Dead in Gwoza, Borno state
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