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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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How We Turned from Foes to Friends — Franco-German Envoys Share Lessons with Nigeria

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How We Turned from Foes to Friends — Franco-German Envoys Share Lessons with Nigeria

By: Michael Mike

The Ambassadors of Germany and France to Nigeria have urged the country to draw lessons from decades of Franco-German cooperation, stressing that reconciliation, friendship, and shared responsibility are critical drivers of growth, stability, and regional integration.

German Ambassador Annett Günther and French Ambassador Marc Fonbaustier made the call on Wednesday in Abuja during events marking the 63rd anniversary of German-French Day, which commemorates the signing of the Élysée Treaty on January 22, 1963.

Speaking jointly, the envoys reflected on how France and Germany overcame centuries of rivalry and conflict to become close partners and allies after the Second World War.

They noted that the experience demonstrates that even the most hostile relationships can be transformed through sustained dialogue and political commitment.

“The history of reconciliation and European unification shows that no matter how dark the past may seem, a different future is possible,” the ambassadors said, adding that this message is particularly relevant for Nigeria and its partners. “We are stronger together — and stronger as friends.”

They explained that Franco-German cooperation is anchored in formal treaties that mandate continuous consultation between both countries at all levels, including heads of state, foreign ministers, and senior officials. This coordination, they said, now extends beyond Europe to global and African issues.

Fielding questions from journalists, the ambassadors pointed to Nigeria’s strategic role within West Africa, saying the country could apply similar principles to strengthen the Economic Community of West African States (ECOWAS).

Fonbaustier said stronger countries within a regional bloc have a responsibility to drive integration while supporting weaker members to ensure collective progress. “A union only succeeds when all its members move forward together,” he said, noting that unity should be based on shared development rather than narrow national interests.

He described Nigeria as the leading power within ECOWAS and encouraged it to continue playing a central role in promoting regional security, economic integration, and people-to-people exchange.

Günther also echoed these views, highlighting what she described as a “Franco-German reflex” of constant consultation and coordination. She said this habit of cooperation enables both countries to respond jointly to emerging challenges and align their diplomatic efforts, including in Africa.

They both stressed that the Franco-German journey from hostility to partnership offers valuable lessons for Nigeria and the African continent, particularly in fostering regional unity, managing diversity, and building long-term peace through cooperation.

How We Turned from Foes to Friends — Franco-German Envoys Share Lessons with Nigeria

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Bandits ambush police patrol in Katsina, four officers killed

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Bandits ambush police patrol in Katsina, four officers killed

By: Zagazola Makama

Four police officers were killed and two others injured when suspected armed bandits ambushed a patrol along the Guga–Bakori road in Katsina State.

Sources told Zagazola Makama on Wednesday that the attack occurred on Jan. 27 at about 12:45 p.m., targeting operatives of the 27 Police Mobile Force (PMF), Guga Camp, during a routine patrol.

According to the source, the driver of the patrol vehicle lost control after coming under fire, causing the vehicle to crash by the roadside. Officers who died on the spot were identified as UC ASP Abubakar Abdullahi, Insp. Umar Ahmed, and Sgt. Kailani Kabir.

The source added that the assailants carted away the officers’ weapons, including an AK-47 rifle loaded with 30 rounds, a Tokarev pistol with eight rounds, and a long-range gunner rifle.

Two other officers sustained injuries: Cpl. Daniel Japet sustained a fracture, while Cpl. Abdulaziz Sani suffered a gunshot wound.

The Area Commander, Funtua, promptly mobilised joint police alongside troops of Operation FANSAN YANMA to the scene. Victims were evacuated to the General Hospital, Funtua, for autopsy and medical treatment.

Security forces have blocked all potential exit routes, and cordon-and-search operations are ongoing to apprehend the perpetrators and recover the missing arms.

Bandits ambush police patrol in Katsina, four officers killed

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Rival bandit leaders clash as key peace enforcer is killed in Jibia axis, Katsina

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Rival bandit leaders clash as key peace enforcer is killed in Jibia axis, Katsina

By: Zagazola Makama

A prominent bandit leader and key enforcer of a fragile peace arrangement in Jibia, Katsina State, Abdullahi Lantai, also known as “Lantai Officer”, has been killed in a deadly ambush linked to a rival gang.

Security sources told Zagazola Makama on Wednesday that Lantai was executed on Jan. 27 at about 1:00 p.m. by gunmen believed to be loyal to the Bello Turji-led network operating across Sokoto and Zamfara states.

According to the sources, Lantai was lured to what was described as a dialogue and reconciliation meeting following a rivalry clash between his group and the Turji faction on Jan. 24.

“The meeting was reportedly arranged by Turji and Aliyu Aliero to resolve the conflict. However, Lantai and some of his foot soldiers were ambushed and killed on their way to the venue by members of the Turji network led by Dogo Rabe and Black,” a source said.

Preliminary findings indicate that before his assassination, Lantai played a critical role in sustaining a temporary peace deal with bandit leaders in Jibia in collaboration with the Katsina State Government.

“He was a territorial gatekeeper who denied Turji’s gang freedom of action and passage through Jibia forest routes.

“He also blocked transit routes used to move rustled cattle from Zamfara to Maradi in the Republic of Niger, effectively constraining Turji’s operations within the axis,” the source added.

Zagazola warn that the killing could trigger a major escalation in violence across the Jibia axis and its environs.

“This is a calculated power grab. The Turji network appears determined to eliminate a stabilising force and expand its influence, smuggling routes and criminal economy into Katsina State,” the source said.

The threat level in the Jibia axis has now been assessed as high, with strong indications of possible retaliatory attacks by Lantai’s faction and pre-emptive assaults by Turji’s forces to consolidate control.

Residents fear that the relative calm previously enjoyed in the area may give way to renewed instability marked by kidnappings, cattle rustling and attacks on communities as rival groups struggle for dominance.

Zagazola learnt that security agencies are said to be reviewing the situation with a view to deploying robust countermeasures to prevent a total breakdown of the fragile peace in the coming days.

Rival bandit leaders clash as key peace enforcer is killed in Jibia axis, Katsina

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