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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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Security forces Conduct Show of Force In Jos, Bukuru During Church Services
Security forces Conduct Show of Force In Jos, Bukuru During Church Services
By: Zagazola Makama
Joint Security forced in Plateau State on Sunday conducted a joint show of force across major flashpoints within Jos metropolis and the Bukuru general area to ensure peaceful church services and strengthen public confidence.
The operation involved troops of Operation Enduring Peace, personnel of the Nigerian Air Force 551 Station, Operation Keystone, the Nigeria Security and Civil Defence Corps (NSCDC), and other security agencies.
Security sources said the exercise commenced at about 7:30 a.m. and was aimed at denying criminal elements freedom of action while providing adequate security coverage during church services.
The coordinated patrols and visibility operations covered identified vulnerable areas and strategic locations within Jos and Bukuru.
According to the sources, the operation was conducted without any security breach or incident, while religious activities across the affected areas remained peaceful.
The security agencies reaffirmed their commitment to sustaining collaborative operations aimed at maintaining law and order as well as protecting lives and property in Plateau State.
Security forces Conduct Show of Force In Jos, Bukuru During Church Services
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Teenage Sensations Rosemary, Miracle Win Gold for Nigeria, Secure World Championship Spot
Teenage Sensations Rosemary, Miracle Win Gold for Nigeria, Secure World Championship Spot
Nigeria recorded a major triumph at the 24th CAA Senior Athletics Championship in Accra, Ghana, as teenage athletes Rosemary and Miracle delivered a stunning performance to win gold for the country in the women’s 4x100m relay event.
The young stars, both students of NTIC Secondary School, helped Team Nigeria clinch the gold medal with an impressive time of 42.94 seconds, further underlining the country’s growing strength in athletics.
Their victory also secured Nigeria a ticket to the World Championships in Gaborone, while guaranteeing qualification for the 2027 World Championship in China.
The feat was particularly remarkable for Rosemary, who was making her senior debut for Nigeria at the continental championship.
Sports enthusiasts have since praised the duo for proving that age is no barrier to excellence, with many describing their performance as a glimpse into the bright future of Nigerian athletics.
Teenage Sensations Rosemary, Miracle Win Gold for Nigeria, Secure World Championship Spot
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The Role of Intelligence in the Nigeria-US Joint Counter-Terrorism Operations That Neutralized Top ISWAP Commander, Fighters
The Role of Intelligence in the Nigeria-US Joint Counter-Terrorism Operations That Neutralized Top ISWAP Commander, Fighters
By Augustine Aminu
On Friday, May 16, 2026, the world was jolted by news of the killing of top commander of the Islamic State’s West Africa Province (ISWAP), Abour Mainok and several other fighters. Also known as Abu Bilal al-Minuki, and considered the second-in-command of ISIL (ISIS) globally, the top terrorist commander was reportedly killed during a joint Nigeria-U.S. Counter Terrorism operation in Metele, Borno State.
Ever since the elimination of al-Minuki, considered one of the biggest blows in recent times to terrorists in the world over, torrents of encomium have been pouring in for the Nigeria -U. S. joint terrorism operations.
Posting on his Truth Social handle, U. S. President Donald Trump, wrote, “Brave American forces and the Armed Forces of Nigeria flawlessly executed a meticulously planned and very complex mission to eliminate the most active terrorist in the world from the battlefield,”
Al-Minuki, added President Trump, “thought he could hide in Africa, but little did he know we had sources who kept us informed on what he was doing.”
On his part, President Bola Tinubu stated that both countries had “recorded a significant example of effective collaboration in the fight against terrorism”.
Early assessments indicate that al-Minuki, along with “several of his lieutenants,” were killed during a strike on his compound in Metele, Borno State,” Tinubu said.
“Nigeria appreciates this partnership with the United States in advancing our shared security objectives,” he added. “I extend my sincere gratitude to President Trump for his leadership and unwavering support in this effort,” he added.
A few days after President Trump praised Nigerian Intelligence services for helping to hunt down Abu-Bilal al-Minuki, a man he described as “the most active terrorist in the world,” US Air Force General, Dagvin R.M. Anderson, Commander of U.S. Africa Command, also spoke glowingly of Nigeria’s Intelligence services.
Remarked Anderson, “The Nigerians have been instrumental throughout the last several months, developing the target, helping us with the Intelligence and providing support. So, it could not have been done by our own Forces. We needed to do that in conjunction with them.”
Security sources who analyzed President Trump’s terse statement, alongside that of the to head of AFRICOM, General Anderson, were quick to point out that the “sources” who kept the United States and Nigerian Armed Forces informed of the movements of al-Minuki and his fighters, may be none other than Nigeria’s Intelligence agencies: the Department of State Services (DSS), the Nigerian Intelligence Agency (NIA), and Defence Intelligence Agency (DIA).
Interestingly, six days before al-Minuki’s elimination, something crucial to the fight against terrorism happened in one North central town, well over 1,100 kilometres away from Metele, Borno State, where al-Minuki and over 175 of his fighters would meet their Waterloo.
Just as DSS, NIA and DIA operatives were helping US and Nigerian troops monitor the movement of Al-Minuki and his fighters around the Lake Chad region, a set of DSS operatives covertly captured a notorious leader of one of ISWAP’s critical cell in Nigeria . His name is Abdulrahman Ozovieh Muhammad alias Abu Ghozi.
Abu Ghozi, security sources believe, masterminded the December 2020 attack on a military checkpoint in Okene, killing two naval personnel and carting away their weapons.
Additionally, Abu Ghozi is believed to have masterminded the 11th March, 2021 bank robbery at Okuku, in Oda-Atin LGA of Osun State; carried out several attacks on police formations in Okene, Okehi and Adavi LGAs. He didn’t spare security checkpoints along Okene-Auchi, Okene –Kabba and Okene-Ajaokuta roads.
Also believed to be behind several kidnaps, including the October 2025 kidnap of a Chinese national in Okpella, Edo State, during which eight personnel of the Nigerian Security and Civil Defence Corps (NSCDC) were killed, is Abu Ghozi.
In January, 2026, his group reportedly attacked and burnt down the house of the Chief Priest at Uhodo area of Okehi LGA. Members of his suspected terrorist group were, before his arrest by the DSS, reportedly set to attack detention facilities in Kainji and Abuja, to release detained members of their group.
Security sources believe that Abu Ghozi’s capture by DSS officers may have greatly helped the Nigerian Intelligence Services (DSS, NIA and DIA) gather further Intelligence that was ultimately used to nail al-Minuki and his fighters six days later in faraway Metele, Borno State.
No doubt, Nigeria’s Intelligence community and their military counterpart again proved very invaluable to the recent successes in the global fight against terrorism, and helped position Nigeria as a very trusted ally in the fight against terrorism.
For the first time since Nigeria began fighting terrorism circa 2010, the country has now fully turned the heat on terrorists, smoking them.out on a daily basis.. The recent successes recorded shows that with our Armed Forces increasingly relying on the intelligence supplied by the DSS, NIA and DIA, Nigeria will sooner than later overcome her security challenges.
Aminu has been online editor of several newspapers, and lives in Abuja
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