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
Troops Foil Kidnapping Attempt, Rescue Injured Victim in Kaduna
By: Zagazola Makama
Troops of Sector 7, Sub-Sector 71 of Operation Enduring Peace have foiled a kidnapping attempt along a highway in Sanga Local Government Area of Kaduna State.
Security sources told Zagazola that the incident occurred at about 12:15 a.m. on May 21 when troops deployed at Ungwan Gora checkpoint responded to distress information on suspected kidnappers operating along the road at Ungwan Dariya village.
The troops reportedly moved swiftly to the location, forcing the suspected kidnappers to abandon their mission and flee into surrounding areas.
During the operation, one victim was rescued with injuries sustained during the attack.
The victim was immediately evacuated to Confidence Hospital, Fadan Karshi, for medical treatment.
Security sources said efforts were ongoing to track and apprehend the fleeing suspects, while patrols had been intensified along the axis to prevent further incidents.
Troops Foil Kidnapping Attempt, Rescue Injured Victim in Kaduna
Suspected Kidnap Collaborator Dies in Custody After Arrest in Nasarawa
By: Zagazola Makama
A suspected collaborator of kidnappers has died after becoming unconscious while in military custody in Nasarawa State.
Security sources said troops of Sector 2 under Operation Whirl Stroke (OPWS) intercepted the suspect at about 7:00 a.m. on May 19 at Ancha community in Akwanga Local Government Area.
The suspect was reportedly apprehended at Anguwan Makama following allegations of involvement in activities linked to kidnapping operations in the area.
During preliminary interrogation, the suspect reportedly became unconscious.
He was immediately evacuated to Nunku Primary Health Care Centre for medical attention, where he was confirmed dead by health officials.
Sources added that the remains of the deceased were released to his family for burial in accordance with local customs.
Security authorities said further assessment would continue in line with standard procedures, while operations against kidnapping networks in the area remain ongoing.
Suspected Kidnap Collaborator Dies in Custody After Arrest in Nasarawa
U.S. AFRICOM Delegation Visits Maiduguri, Reaffirms Counterterrorism Cooperation
By: Zagazola Makama
A delegation from the United States Africa Command (AFRICOM) has visited the Headquarters Joint Task Force North East Operation Hadin Kai in Maiduguri to strengthen ongoing counterterrorism cooperation in the Lake Chad region.
Security sources said the delegation, led by the Deputy Director of Operations/Cyber, Rear Admiral Cameron Chen, arrived at Maimalari Cantonment on May 20, where they were received by the Deputy Theatre Commander, Air Vice Marshal O.F. Akinboyewa.
The visit featured a detailed briefing on the current threat assessment in the North-East and ongoing counterterrorism and counter-insurgency operations across the theatre of operations.
Discussions during the engagement focused on enhancing intelligence sharing, intelligence surveillance and reconnaissance (ISR) support, logistics interdiction, and improved operational coordination within the Lake Chad basin.
The delegation also reviewed ongoing multinational efforts aimed at degrading terrorist capabilities and disrupting logistics networks across the region.
Security sources said both sides reaffirmed their commitment to continued collaboration under counterterrorism and counter-insurgency frameworks, including preparations for Operation Lake Sanity III.
The visit was described as successful and conducted without incident.
Authorities noted that international cooperation remains a key component in sustaining pressure on terrorist groups operating in the North-East.
U.S. AFRICOM Delegation Visits Maiduguri, Reaffirms Counterterrorism Cooperation
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