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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
News
Troops Intercept Suspected Terrorist Logistics Supplier, Seize PMS in Borno
Troops Intercept Suspected Terrorist Logistics Supplier, Seize PMS in Borno
By: Zagazola Makama
Troops of Operation HADIN KAI have arrested a suspected ISWAP/JAS logistics supplier and intercepted a large quantity of Premium Motor Spirit (PMS) concealed in a tricycle in Borno State.
Security sources said the suspect was apprehended at about 9:10 a.m. on April 21 by troops of 159 Battalion at a checkpoint within Sector 2 Area of Responsibility.

The suspect was reportedly conveying PMS concealed in 15 sacks, disguised with bags of sachet water in an attempt to evade detection.
Preliminary investigations indicated that the consignment was being transported to Kanama town and neighbouring communities around Dikwa and Bultuwa, areas believed to be within terrorist influence.
Items recovered from the suspect include a mobile phone and the sum of ₦34,950.
The sources said the suspect and recovered exhibits are in military custody for further investigation and necessary action.
They added that the interception forms part of ongoing operations aimed at disrupting terrorist logistics networks and denying them access to critical supplies across the North-East theatre.
Troops Intercept Suspected Terrorist Logistics Supplier, Seize PMS in Borno
News
Troops Repel Terrorist Infiltration in Kanama, Neutralise Four Insurgents
Troops Repel Terrorist Infiltration in Kanama, Neutralise Four Insurgents
By: Zagazola Makama
Troops of Operation HADIN KAI have repelled a Boko Haram/ISWAP terrorist infiltration into Kanama town, neutralising four insurgents during a swift response operation in Borno State.
Security sources said the incident occurred at about 6:00 p.m. on April 22 when troops of 159 Battalion, deployed in Kanama, responded to sounds of gunfire within the town.

On arrival, the troops reportedly discovered that terrorists had infiltrated parts of the community.
The troops immediately made contact and engaged the attackers with disciplined fire, forcing them to retreat in disarray.
Subsequent exploitation of the general area led to the neutralisation of four terrorists.
One member of the Civilian Joint Task Force (CJTF) sustained injuries during the encounter and has been evacuated for medical attention.

No military equipment was lost during the operation.
Items recovered from the terrorists include two torchlight mobile phones and the sum of ₦21,000.
Security sources said the general situation across the theatre remains calm but unpredictable, while troops’ morale and fighting efficiency remain high.
Troops Repel Terrorist Infiltration in Kanama, Neutralise Four Insurgents
News
UK–Nigeria Trade Mission Deepens Education, Skills Partnership
UK–Nigeria Trade Mission Deepens Education, Skills Partnership
By: Michael Mike
A high-level United Kingdom trade mission on education and skills has concluded a week-long skills and schools trade mission to Nigeria, laying a solid foundation for expanded collaboration in education and workforce development between both countries.
The mission, which ran from April 19 to 23 in Abuja and Lagos, brought together leading UK private schools, skills providers and education institutions with Nigerian stakeholders, including policymakers, investors and school operators.
Organised by the UK Department for Business and Trade, the engagement is part of the UK’s broader International Education Strategy, which identifies Nigeria as one of five priority markets for global education partnerships. The initiative is being championed by Steve Smith, who is expected to return to Nigeria later this year to sustain momentum.
The mission builds on diplomatic and educational engagements during a recent state visit to the United Kingdom in March, further reinforcing the growing importance of education within UK–Nigeria bilateral relations.

At the heart of discussions was the expansion of in-country delivery of British education, including the establishment of internationally recognised UK schools in Nigeria, as well as the development of industry-aligned skills programmes, particularly in Technical and Vocational Education and Training (TVET).
In Abuja, the delegation held high-level talks with Nigeria’s Minister of Education, Tunji Alausa, securing strong political backing for deeper institutional cooperation. Both sides explored pathways for partnerships that would strengthen Nigeria’s education system while equipping young people with skills tailored to labour market demands.
The delegation also visited several British curriculum schools and colleges in Abuja and Lagos, gaining first-hand insight into teaching standards and operational models already in place within Nigeria.
Speaking at the conclusion of the mission, British Deputy High Commissioner, Jonny Baxter, highlighted education as a key pillar of bilateral engagement.
“The UK and Nigeria share a deep and longstanding relationship, and opportunities in education are one of its most exciting frontiers,” he said, noting that the mission demonstrated “strong appetite on both sides to deepen collaboration.”
He added that connecting UK institutions with Nigerian partners would help build sustainable, in-country education systems, while positioning Nigeria as a regional hub for high-quality learning.
Also reflecting on the mission, Sarah Chidgey described the initiative as a practical demonstration of the UK’s education strategy in action.
According to her, progress in UK–Nigeria education collaboration has grown steadily since her first visit in 2022, with the current mission reinforcing mutual commitment to expanding access, quality, and innovation in the sector.
The delegation included representatives from prominent UK institutions such as Harrow International School, The King’s School Canterbury, Whitgift School, Bedford School, and Pearson, among others.
The mission concluded with a robust pipeline of follow-up activities, including one-on-one engagements, memorandum of understanding (MoU) discussions, and agreed next steps aimed at translating dialogue into tangible partnerships.
Analysts say the initiative signals a shift toward more structured and commercially viable education cooperation between both countries, with potential benefits spanning student mobility, local capacity building, and skills development aligned to Nigeria’s economic priorities.
With sustained engagement expected in the months ahead, stakeholders believe the mission could mark a turning point in positioning Nigeria as a major destination for international education investment in Africa.
UK–Nigeria Trade Mission Deepens Education, Skills Partnership
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