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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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The Emir of Tikau urges the new Emir of Gamawa to carry his people along for the development of the emirate

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The Emir of Tikau urges the new Emir of Gamawa to carry his people along for the development of the emirate

By: Yahaya Wakili

His Royal Highness the Emir of Tikau in Yobe State, Alhaji Abubakar Muhammadu Ibn Grema II, has called on the new emir of Gamawa in Bauchi State, Alhaji Adamu Abdulkadir Adamu, to carry everybody along in the emirate for the development of the nation.

The royal father made the appeal today at his place in Sabon Garin Nangere while receiving the new emir of Gamawa in Bauchi state, His Royal Highness, Alhaji Adamu Abdulkadir Adamu. He said the creation of emirates is a great development for the nation.

“As we know, there was a very strong relationship between the Gamawa and Tikau emirates, and these will continue existing, and we share a boundary with them, and there was something that was raised between us and them, and anything that affected them affected us directly.” The Royal Father said.

According to Mai Tikau, the most cases we have are the conflicts between the farmers and the herders from time to time. Sometimes they will enter our territory, and sometimes we will enter their own, adding that, for the issue of the border, we hope with your coming as the new emir of Gamawa, this problem will be solved.

Speaking earlier, the emir of Gamawa, Alhaji Adamu Abdulkadir Adamu, said they were at Tikau Place to express their appreciation to the royal father, the emir of Tikau, for his support given to us since we emerged as the new emir of Gamawa.

He said, “Immediately His Excellency, the Executive Governor of Bauchi State, Hon. Bala Abdulkadir Muhammad Kaura, created this emirate. Mai Tikau is the first person who sent a delegation to Gamawa to congratulate us.”

The Emir of Tikau urges the new Emir of Gamawa to carry his people along for the development of the emirate

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Former Minister visits Gimba Memorial School in Potiskum

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Former Minister visits Gimba Memorial School in Potiskum

By: Yahaya Wakili

The former Minister of Police Affairs and Leader of the African Democratic Congress (ADC) in Yobe State, Alhaji Adamu Maina Waziri, has paid a surprise visit to Hafsatu Gimba Ahmed Memorial School in Potiskum, where he was warmly received by the students and the school management.

During the visit, the former minister distributed educational materials and foodstuff to the pupils and commended the school’s leadership for its commitment to quality education.

Adamu Waziri moved from classroom to classroom, where he engaged directly with students in a cheerful and fatherly manner and charged them to take their studies seriously, noting the importance of reading as a key to personal and national development.

He commended the proprietor of the school, Dr. Hassan Gimba Ahmed, the publisher/editor-in-chief of NEPTUNE PRIME, for his dedication to education and community service as a whole, adding that what Dr. Hassan Gimba has done here is not just building a school but building a legacy.

Earlier, the proprietor of the school, Dr. Hassan Gimba Ahmed, ably represented by the school’s management, thanked Alhaji Adamu Maina Waziri for his generosity and continued interest in youth development and described the visit as a major encouragement to the school and the community hosting it.

“This gesture underscores Adamu Maina Waziri’s ongoing commitment to supporting education and nurturing the next generation of Nigerian leaders even beyond his years of public service.

The highlight of the visit concluded with a group photograph and heartfelt appreciation from students, many of whom said they were inspired by the former minister’s humility and kindness.

The former minister of police affairs was accompanied by Dr. Zainab Boni Haruna, Engr. Abubakar Adamu Waziri (alias Cargo), Hon. Umar Khali, ADC state party chairman, Hon. Lawan Mammadu Kori, and Dr. Mamu Muhammad, among others.

Former Minister visits Gimba Memorial School in Potiskum.

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Troops Kill Two Terrorists, Rescue 62 Abducted Persons in North-West Operations

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Troops Kill Two Terrorists, Rescue 62 Abducted Persons in North-West Operations

By: Michael Mike

Troops of the Joint Task Force North West under Operation FANSAN YAMMA have recorded significant operational gains with the killing of two suspected terrorists in Kebbi State and the rescue of 62 abducted persons in Zamfara State.

The coordinated operations, carried out by troops operating under Sector 2, were based on credible intelligence and involved close collaboration with other security agencies and local vigilante groups.

In Kebbi State, the troops ambushed suspected members of the Lakurawa terrorist group around Kerani village, near the boundary between Augie Local Government Area of Kebbi State and Binji Local Government Area of Sokoto State. During the operation, two of the suspects were neutralised, while two motorcycles believed to have been used for criminal operations were recovered. The suspects were reportedly dressed in camouflage outfits, and the motorcycles were modified for long-distance movement.

In a separate operation in Zamfara State, the troops raided Munhaye Forest, a known criminal hideout, following intelligence that several kidnapped victims were being held in the area. The operation led to the successful rescue of 62 abducted persons, who have since been moved to a secure location.

Military authorities said arrangements are ongoing to reunite the rescued victims with their families, while efforts continue to track and dismantle remaining criminal elements operating in the forests and border communities.

The military noted that the latest successes reflect the sustained commitment of Operation FANSAN YAMMA to restoring peace and improving security across the North-West region.

The development was disclosed in a statement issued on Wednesday by Lieutenant Colonel Olaniyi Osoba, Acting Deputy Director, Army Public Relations, 8 Division Nigerian Army, Sector 2, Operation FANSAN YAMMA.

Troops Kill Two Terrorists, Rescue 62 Abducted Persons in North-West Operations

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