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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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2027: Constituents declare support for Tinubu, Goje’s re-election

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2027: Constituents declare support for Tinubu, Goje’s re-election

Yamaltu/Deba constituents have declared support for President Bola Tinubu and Senator Danjuma Goje’s re-election ahead of the 2027 General Elections.

Dr Newton Moses, declared the support in a statement read on behalf of the people of Yamaltu/Deba Local Government Area of Gombe State on Friday in Gombe.

Moses said voting for experienced leaders in 2027 remained key to addressing Nigeria’s challenges and delivering dividends of democracy to Nigerians.

He said the group’s decision to support Tinubu and Goje was guided by patriotism, and a sincere desire to see competent, and result-driven leadership that would benefit their constituents and the country.

He said that Goje’s leadership in the past 16 years at the Senate has benefitted the constituents and given effective representation to the people of Akko and Yamaltu/Deba LGAs that make up the district.

He dismissed allegations that the people of Yamaltu/Deba have been marginalised and were demanding the seat to be zoned to Yamaltu/Deba and not Akko where Goje is from.

He said that the constitution did not impose any zoning limitation or tenure restriction on membership in the National Assembly, hence urged those seeking the seat to test their popularity through election.

“We are not part of that group saying Goje should not return to the senate in 2027; that is not the voice of the grassroots from Yamaltu Deba.

“ Goje has, over the years, built invaluable networks and acquired the experience necessary to effectively advocate for the interests of his constituency and contribute meaningfully to national development.

“ By returning Goje to the Senate, Gombe Central stands to gain even more.

“ His established influence will ensure greater access to federal opportunities, increased developmental projects, and stronger representation in critical national decisions,” he said.

The group further advised President Tinubu to stay away from those working to tarnish the good name of Goje, stating that Goje’s influence in Gombe was important for the success of the All Progressives Congress in 2027.

Moses said at a time when Nigeria is focused on economic recovery, institutional strengthening, and inclusive growth under Tinubu, it was imperative that proven leaders like Goje to continue contributing his expertise toward national progress.

2027: Constituents declare support for Tinubu, Goje’s re-election

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Hope in the Hard Times: Ashlee Momoh Foundation Spreads Easter Joy to Military Widows

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Hope in the Hard Times: Ashlee Momoh Foundation Spreads Easter Joy to Military Widows

By Comrade Philip O. Ikodor

The Ashlee Momoh Foundation (AMF), a non-profit organization dedicated to supporting the families of fallen officers, marked the Easter season with a heartwarming outreach to military widows at different locations in Abuja and Nasarawa state, respectively on April 2nd, 2026. This thoughtful initiative was designed to bring joy, hope, and support to the widows of our fallen Military Officers, who have made immense sacrifices for their country.

“Easter is the season of renewal, hope, and the triumph of light over darkness,” Princess Ashlee said. “It reminds us that even after the longest winter, spring arrives and even after the deepest sorrow, there is the possibility of a new dawn.” The outreach was designed to show support and encouragement to the military widows, and to felicitate with them on the occasion of Easter.

Princess Ashlee Momoh reassured the widows that while their loved ones are no longer physically present, their legacy lives on, and AMF is committed to standing with them, supporting them, and celebrating their strength. “Today, we celebrate you, our heroes’ widows, and the sacrifices you’ve made,” she said.

The event was filled with moments of joy and fulfilment, as beneficiaries received gift items, cash gifts, and scholarship opportunities. The Foundation also announced enlistment for skill acquisition and empowerment programs, aimed at equipping the widows with the tools they need to rebuild their lives.

The outreach was a testament to AMF’s unwavering commitment to supporting the families of fallen officers, and its dedication to making a positive impact in the lives of those who have made immense sacrifices for their country. As one beneficiary put it, “This Easter, we’ve received more than just gifts – we’ve received hope, love, and a sense of belonging.”

The Ashlee Momoh Foundation’s Easter outreach was a powerful reminder that even in the darkest moments, there is always hope, and that together, we can overcome any challenge.

Hope in the Hard Times: Ashlee Momoh Foundation Spreads Easter Joy to Military Widows

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Six die, 12 injured in Kwara road crash

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Six die, 12 injured in Kwara road crash

By: Zagazola Makama

Six persons have been confirmed dead and 12 others injured in a fatal road traffic accident along the Okolowo–Jebba expressway in Kwara State.

Police sources said the accident occurred at about 6:00 a.m. on April 2 near Danjuma Bakery area, involving a Toyota Hummer bus and a stationary truck.

According to the sources, the bus with registration number BTR-161-XA was conveying 18 passengers from Lagos State to Katsina State when it rammed into a parked truck with registration number BUU-495-ZD.

The truck was reportedly driven by Kamarudeen Abdullahi, said to be from Jos North Local Government Area of Plateau State.

The impact of the collision resulted in the death of six passengers on the spot, while 12 others sustained varying degrees of injuries.

The injured victims were rushed to the University of Ilorin Teaching Hospital, Oke-Oyi, for medical attention, while the remains of the deceased were deposited in the hospital morgue for autopsy.

Police said investigation had commenced to determine the circumstances surrounding the crash.

Six die, 12 injured in Kwara road crash

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