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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
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Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award
Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award
Governor Muhammadu Inuwa Yahaya of Gombe State will be honoured with a Special Recognition Award by the Sasakawa Africa Association (SAA) Nigeria, in acknowledgement of the state’s sustained partnership and strategic commitment to agricultural development.
The award will be presented at the 2026 SAA Nigeria Annual Stakeholders Workshop on Thursday, April 9, 2026, in Abuja, where top federal officials, development partners, diplomats, and state governments are expected to gather to discuss pathways for strengthening Nigeria’s food systems.
The workshop, holding at Rockview Royale Hotel, Wuse II, is themed “SAA @ 40: Deepening Impact and Expanding Reach at Scale.”
The recognition of Governor Inuwa Yahaya reflects the depth of Gombe State’s collaboration with SAA over the years, which has supported agricultural extension, smallholder productivity, and rural livelihoods.
Since its creation in 1996, Gombe State has maintained a working relationship with SAA, funded by The Nippon Foundation, to implement initiatives that improve food security, nutrition, climate resilience, and inclusive agricultural services, with particular attention to women, youth, and resource-poor farmers.
Speaking ahead of the workshop, Dr. Godwin Atser, Country Director of SAA Nigeria, said:
“This recognition celebrates a partnership backed by action. Governor Inuwa Yahaya’s leadership reflects the kind of subnational commitment essential for transforming agriculture in Nigeria.
Gombe State’s sustained support for farmer-focused interventions demonstrates what can be achieved when political will, institutional alignment, and practical investment converge.”
SAA Nigeria’s collaboration with Gombe State encompasses a wide range of interventions, including Farmer Learning Platforms (FLP), Community Savings and Investment in Agriculture (CSIA), Private Extension Service Provision (PESP), and Community-Based Seed Multiplication (CBSM), among others. Together, these initiatives strengthen the agricultural ecosystem from production to post harvest, improve access to technology, knowledge, and markets, and enhance the capacities of farmers and rural actors.
The partnership also encourages pluralistic extension systems, involving the private sector, farmer organizations, research institutions, and civil society in scaling agricultural services across the state. This multi-dimensional cooperation underscores why Gombe State’s collaboration is deserving of recognition.
As SAA marks 40 years of operations in Africa and 33 years in Nigeria, the organization notes that sustainable agricultural transformation requires long-term commitment, collaboration, and strategic investment, qualities exemplified by Gombe State and Governor Inuwa Yahaya.
The recognition will be part of a broader conversation at the 2026 Annual Stakeholders Workshop, which will review SAA’s 2021–2025 achievements, share lessons, and explore future partnerships to strengthen agriculture in Nigeria and across Africa.
About Sasakawa Africa Association (SAA)
Sasakawa Africa Association (SAA) was established in 1986 by Japanese philanthropist Ryoichi Sasakawa, Nobel Laureate Dr. Norman Borlaug, and former U.S. President Jimmy Carter.
Dedicated to improving the productivity, profitability, and resilience of smallholder farmers in sub-Saharan Africa, SAA operates through agricultural extension, capacity building, and systems strengthening. Active in Nigeria since 1993, SAA collaborates with governments, research institutions, universities, private sector actors, and development partners to advance farmer-centered agricultural transformation.
Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award
News
JNIM terrorists clashes with rival factions in rare encounter in Nigeria’s Kebbi state
JNIM terrorists clashes with rival factions in rare encounter in Nigeria’s Kebbi state
By: Zagazola Makama
A suspected clash between rival terrorists factions has been reported in Kebbi State, raising fresh security concerns in the North-West region.
Sources said the incident occurred on April 4, when a group identified as Jama’at Nusrat al-Islam wal-Muslimin (JNIM) claimed it engaged a rival faction described as “Khawarij”.
The group alleged that one fighter was killed and another captured during the encounter, while three motorcycles and about N10 million were recovered.
However, the identity of the opposing group has yet to be independently verified.
Preliminary indications suggest the rival faction may be linked to Boko Haram or one of its splinter groups, though this remains subject to confirmation.
Security sources said the development could represent one of the first reported inter-jihadist clashes in the region.
JNIM terrorists clashes with rival factions in rare encounter in Nigeria’s Kebbi state
News
Troops foil mob attack, rescue suspected terrorist in Danmusa in Katsina
Troops foil mob attack, rescue suspected terrorist in Danmusa in Katsina
By: Zagazola Makama
Troops of 17 Brigade have foiled an attempt by a mob to lynch a suspected terrorist and burn down a police station in Danmusa Local Government Area of Katsina State.
Security sources said the incident occurred at about 4:30 p.m. on April 5, 2026, when troops deployed at Combat Team 1 in Danali village responded to a distress call from a Nigerian Police outpost in the area.
The police had reported that a large crowd attempted to set the station ablaze and attack personnel after a suspected terrorist was brought into custody.
Troops were immediately mobilised to the scene and successfully prevented further escalation of the situation, restoring order in the area.
During the intervention, police personnel reportedly fired tear gas to disperse the irate crowd, which led to injuries sustained by one civilian.
The injured victim was evacuated to a medical facility for treatment.
Security sources said calm had since returned to the area, while troops continued to maintain presence to prevent a resurgence of violence and ensure stability.
Troops foil mob attack, rescue suspected terrorist in Danmusa in Katsina
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