News
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
Nigeria, China Seek Expanded Cooperation in Tourism, Heritage, Creative Industries
Nigeria, China Seek Expanded Cooperation in Tourism, Heritage, Creative Industries
By: Michael Mike
Nigeria and China have intensified efforts to strengthen bilateral cooperation in tourism, culture, and the creative economy, with both countries identifying the sectors as major drivers of economic growth, cultural diplomacy, and people-to-people relations.
This commitment was reaffirmed at the weekend during the 2026 China Tourism Day celebration hosted by the China Cultural Centre in Nigeria (CCIN) in Abuja, where government officials, diplomats, tourism stakeholders, artists, and cultural enthusiasts gathered to celebrate the growing partnership between the two nations.
Speaking at the event, Yang Jianxing said tourism remains one of the most effective instruments for fostering mutual understanding and strengthening ties among nations.
He explained that the theme of this year’s celebration, “Enjoying Quality Tourism, Exploring Beautiful Landscapes,” reflects the increasing global importance of tourism as a platform for intercultural dialogue and peaceful coexistence.
According to him, both China and Nigeria possess rich historical civilizations, diverse cultural identities, and globally recognised tourism assets capable of deepening cooperation between their peoples.
Yang cited iconic destinations including the Great Wall of China and Mount Tai, alongside Nigeria’s Osun-Osogbo Sacred Grove and Zuma Rock, describing them as enduring cultural symbols that continue to connect civilizations across continents.
He noted that several joint cultural initiatives organised over the years by both countries, including the Happy Chinese New Year programmes and China-Nigeria Cultural and Tourism Festivals, had expanded cultural exchanges through artistic performances, traditional exhibitions, and culinary experiences.
“These activities have not only strengthened friendship between our peoples but have also promoted the spirit of harmony, mutual respect, and cultural inclusiveness,” he said.
Yang further disclosed that China was prepared to deepen collaboration with Nigeria under the framework of the China-Africa Year of People-to-People Exchanges, with fresh opportunities expected in heritage preservation, tourism promotion, cultural innovation, and the creative industries.
He encouraged more Nigerians to explore educational and tourism opportunities in China while expressing optimism that more Chinese visitors would also discover Nigeria’s rich cultural heritage, artistic diversity, and tourism potential.
Also addressing participants, Abdulkarim Ibrahim described the event as another milestone in the long-standing diplomatic and cultural relationship between Nigeria and China, which he said has continued to flourish for more than five decades.
Nigeria, China Seek Expanded Cooperation in Tourism, Heritage, Creative Industries
News
Zulum Lauds Peaceful Conduct of APC House of Reps Primaries in Borno
Zulum Lauds Peaceful Conduct of APC House of Reps Primaries in Borno
By: Michael Mike
Governor of Borno State, Babagana Umara Zulum, has commended the peaceful and orderly conduct of the All Progressives Congress primary election for the House of Representatives across the state.
Zulum gave the commendation on Saturday shortly after supervising the APC primary election for the Gubio, Kaga and Magumeri Federal Constituency held in Magumeri town.
Hundreds of party supporters from the three local government areas gathered at the venue to welcome the governor and APC officials overseeing the exercise.

Speaking with journalists after the primary, Zulum said the process was conducted in line with the Electoral Act 2026 and the constitution of the APC, which allows aspirants to adopt consensus arrangements.
“We are here to witness the primary election in line with the Electoral Act 2026 and the APC constitution, which allows for consensus arrangements among aspirants,” the governor stated.
He explained that although three aspirants initially indicated interest in contesting for the party’s House of Representatives ticket, two later withdrew in support of the incumbent lawmaker, Hon. Usman Zannah.
“We have three contestants vying for the position of the House of Representatives, but fortunately, under the consensus arrangement as enshrined in the constitution of our party, the All Progressives Congress (APC), two of the aspirants stepped down for the incumbent member, Hon. Usman Zannah,” he said.
According to the governor, party members and stakeholders from the constituency affirmed their support for the consensus candidate during the exercise.
Zulum congratulated Hon. Zannah on his emergence and praised the aspirants who stepped down — Hon. Shettima Shehu and Alhaji Mohammed Sanda Ngamdu — describing their action as a demonstration of unity, sacrifice and political maturity.
“I want to extend my congratulations to the candidate and the others who stepped down for him,” he said. “I also want to express my appreciation to all APC supporters and the people of Borno State for ensuring a peaceful voting process.”

The governor stressed that the consensus arrangement adopted by the party was voluntary and not designed to deny any aspirant the opportunity to contest.
“Under the consensus arrangement, the government of Borno State and the party have never taken a decision to stop anybody from contesting,” he explained. “Consensus is a voluntary option, and anybody who does not wish to go for a consensus election has the right to participate in a direct primary.”
Chairman of the APC Primary Elections Committee for Gubio, Kaga and Magumeri Federal Constituency, Hon. Yuguda Saleh Vungas, also confirmed that party stakeholders agreed on consensus as the mode of primary election.
He commended Governor Zulum for creating an enabling environment for the smooth and peaceful conduct of the exercise.
Through a voice vote, APC members from the three local government areas unanimously affirmed Hon. Usman Zannah as the party’s consensus candidate for the House of Representatives seat.
Officials of the Independent National Electoral Commission and APC national headquarters monitored the exercise.
Governor Zulum was accompanied by the APC consensus gubernatorial candidate, Engr. Mustapha Gubio, Secretary to the State Government Bukar Tijani, and Acting Chief of Staff, Dr. Babagana Mustapha Mallumbe.
Zulum Lauds Peaceful Conduct of APC House of Reps Primaries in Borno
News
U.S., Nigerian Forces Eliminate ISIS Second-in-Command in Joint Operation
U.S., Nigerian Forces Eliminate ISIS Second-in-Command in Joint Operation
By: Zagazola Makama
The United States has announced the elimination of Abu-Bilal al-Minuki, described as the second-in-command of the global Islamic State terrorist network, during a joint counterterrorism operation conducted with Nigerian security forces.
In a statement issued on Friday, Donald Trump said American forces, working alongside the Nigerian Armed Forces, carried out what he described as a “meticulously planned and very complex mission” targeting the terrorist leader.
According to Trump, Abu-Bilal al-Minuki had been operating from Africa and was considered one of the most active terrorist figures globally.
“Tonight, at my direction, brave American forces and the Armed Forces of Nigeria flawlessly executed a meticulously planned and very complex mission to eliminate the most active terrorist in the world from the battlefield,” Trump said.
He stated that the operation was enabled through intelligence sources that tracked the activities and movements of the ISIS commander.
Trump added that the removal of al-Minuki would significantly weaken the global operations of the terrorist group and reduce its capability to coordinate attacks, including plots targeting American interests.
He also thanked the Nigerian government for its cooperation and partnership in the operation.
“With his removal, ISIS’s global operation is greatly diminished. Thank you to the Government of Nigeria for your partnership on this operation,” he said.
Neither the U.S. nor Nigerian authorities immediately disclosed the exact location or operational details surrounding the mission.
The development marks one of the most significant counterterrorism operations involving U.S. and Nigerian forces in recent years against transnational terrorist elements linked to the Islamic State network.
U.S., Nigerian Forces Eliminate ISIS Second-in-Command in Joint Operation
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
News1 year agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
