News
World Bank earmarks $30 million to fight desertification in Borno
World Bank earmarks $30 million to fight desertification in Borno
By: Bodunrin Kayode
30 million dollars has been earmarked for the Borno State Agro Climatic Resilience in Semi-Arid landscapes (ACRESAL) project aimed at battling desertification due to climate change by the world bank.
The grant which is to be spread across six years for various projects to counter erosion and other forms of challenges in the savanna is to attract a counterpart funding of N500m from the Borno State government.
This was revealed by the coordinator of the project in the State Ayuba Peter while addressing newsmen in his office in maiduguri over the weekend.
Ayuba said that the project will be of immense benefit to Borno residents because they reside within the sahel savanna region which is the worse hit from gradual desert encroachment, one of the haul marks of climate change.
The coordinator told newsmen in his office in maiduguri that the world bank “support implementation team” was in maiduguri to fast track the execution process of some already marked sites like Ngamdu which has been on the drawing board since the era of the Nigerian Erosion and Watershed management projects (NEWMAP).
“We benefitted about two years of the NEWMAP project and they had to fold up which is why ACRESAL inherited the projects and had to bring them to the front burner for speedy execut
” The project actually started in July 2022, to address some of the challenges we faced in the north of Nigeria when it comes to climate changes. And that is why there is need for agro climatic resilience which is why the World Bank will be helping us to get to our targets hopefully. “
Speaking on stakeholders of the project at federal and state levels, the coordinator went on:” The project involves the ministry of Environment of each of the 19 northern states and the federal capital territory (FCT) and our Commissioner of Environment Eng. Emat Kois is the chair of the state steering committee. The Commissioners of Agriculture and water resources are co-chairs of the project. “
Responding to the current uneven spread of the project due to security reasons, the Coordinator said that for now projects being executed can be found in Bayo especially in Briyel, Uba and Ngamdu in Kaga council areas respectively”.
He posited that security concerns in certain areas marked out, has been a major challenge which is why other desirable areas have not been considered for implemention for now.
“projects inherited from NEWMAP are flow and erosion control in Ngamdu, which was not implemented because the timing was not favorable to the completion before the period expired. Coupled with the fact that pending projects were added to assist the benefitting community further.
Ayuba confirmed that Borno Governor Babagana Zulum has released the first batch of counterpart funding totalling N100m which qualifies the state to move into the second stage of the loan scheme.
“We believe his excellency is highly committed to the project as such the release of the next counterpart funding of N400m will not be an. Issue.” he concluded.
Meanwhile, Borno Governor Professor Babagana Zulum has visited the Ngamdu erosion site which he says is critical to his people.
He said that over 500 residents in Ngamdu in Kaga council area used to be displaced during the peak of the rainy season adding that whatever dykes that are to be built should be constructed to save the people from these annual torrents which threaten the lives of the residents.
World Bank earmarks $30 million to fight desertification in Borno
News
Gunmen abduct 15 passengers, kill one in Benue
Gunmen abduct 15 passengers, kill one in Benue
By: Zagazola Makama
Armed men dressed in military uniforms have abducted 15 passengers and killed one person during an attack on a commercial bus in Okpokwu Local Government Area of Benue State.
Sources confirmed on Tuesday that the incident occurred on Sunday at about 7:30 p.m. at Ado-Okpoga, along the Oju–Ado-Ekiti route.
The sources said the bus, a Hummer vehicle driven by one Gbenga Peter, 35, was travelling from Oju LGA in Benue to Ado-Ekiti in Ekiti State with 23 passengers on board when it was intercepted by nine armed men.
“On reaching Ado-Okpoga, the bus was attacked by nine unknown armed bandits wearing army uniforms. Fifteen passengers were abducted into the bush,” the sources said.
During the нападение, one passenger, identified as Idiku Meshak Ogbete, 22, was shot dead. The driver and eight other passengers managed to escape and later reported the incident at Okpokwu Police Station.
The Divisional Police Officer (DPO) in Okpokwu was said to have immediately mobilised patrol teams alongside other tactical units, including Operation Whirl Stroke, the Benue State Civil Protection Guards and other security agencies.
“The corpse of the deceased has been removed and deposited at the mortuary in Okpoga. A coordinated search of the surrounding bushes is ongoing to track the suspects, effect arrests and rescue the abducted victims,” the sources added.
Gunmen abduct 15 passengers, kill one in Benue
News
Lagos Moves to Build West Africa’s Leading International Financial Centre
Lagos Moves to Build West Africa’s Leading International Financial Centre
By: Michael Mike
Lagos State has taken a major step toward repositioning Nigeria as a global investment destination with the unveiling of a comprehensive roadmap to establish a Lagos International Financial Centre (LIFC), envisioned as the leading financial hub in West Africa.
The roadmap is contained in a new report titled “Establishing an International Financial Centre in Lagos (LIFC), Nigeria”, produced by TheCityUK in collaboration with the UK Government, Lagos State Government, the Lagos International Financial Centre Council (LIFCC), and EnterpriseNGR. The report was formally launched at the State House, Marina, Lagos.

The high-level event attracted senior government officials, diplomats, and private sector leaders, including Lagos State Governor Babajide Sanwo-Olu, British Deputy High Commissioner to Nigeria Jonny Baxter, EnterpriseNGR Chairman Aigboje Aig-Imoukhuede, and EnterpriseNGR Chief Executive Officer Obi Ibekwe.
The initiative is aligned with Nigeria’s Agenda 2050 and the Lagos State Development Plan 2052, positioning the LIFC as a long-term catalyst for economic transformation. According to the report, the proposed financial centre will deepen capital markets, mobilise international investment, drive innovation, and support sustainable economic growth across Lagos, Nigeria, and the wider West African region.
The report underscores the importance of strong public-private collaboration, noting that Lagos’ demographic advantage, expanding financial ecosystem, and strategic location make it well-suited to host an international financial centre that meets global standards.
One of the report’s core recommendations is the creation of an independent IFC framework for Lagos. This model would provide regulatory certainty, simplified tax and policy regimes, and a transparent governance structure aimed at improving investor confidence and enhancing Nigeria’s competitiveness in global finance.
To differentiate Lagos from other emerging financial centres, the report identifies three priority sectors for initial focus: green and sustainable finance, fintech and financial innovation, and commodities trading and capital markets. These sectors are considered critical to Nigeria’s future economic diversification and resilience.

The report also highlights the need for robust legal and regulatory reforms, calling for close coordination between Lagos State, the Federal Government, regulators, and the private sector to ensure smooth implementation of the LIFC vision.
Human capital development is another key pillar of the strategy. Recommendations include strengthening local talent pipelines, easing visa requirements for international professionals, and creating an enabling environment that supports skills transfer and high-value job creation for Nigeria’s growing youth population.
In addition, the report proposes competitive and targeted tax incentives, streamlined business processes, and investment-friendly policies designed to attract long-term capital aligned with national development priorities.
Speaking at the launch, Governor Babajide Sanwo-Olu reaffirmed Lagos State’s commitment to the project, describing the International Financial Centre as essential to boosting market competitiveness and facilitating seamless trading.
“Lagos is Nigeria’s largest economic and financial centre, and we must create an ecosystem that attracts investment, improves liquidity, and strengthens market infrastructure,” the governor said, adding that the LIFC would unlock new opportunities for public-private partnerships in technology and capital market development.
British Deputy High Commissioner Jonny Baxter said the report reflects the deepening UK-Nigeria partnership, combining Lagos’ strengths with UK expertise to support financial sector development.
He noted that, if effectively implemented, the LIFC could unlock significant domestic and international investment, expand capital markets, create jobs, and promote sustainable growth beyond Lagos State.
Also speaking, TheCityUK’s Managing Director for International, Nicola Watkinson, described Nigeria as a high-growth market with strong long-term potential. She said the LIFC could play a vital role in attracting global capital, supporting fintech and green finance innovation, and creating high-value employment opportunities for young Nigerians.
With the launch of the report, stakeholders say the focus now shifts to implementation, as Lagos seeks to translate vision into action and establish itself as a globally competitive financial centre for West Africa.
Lagos Moves to Build West Africa’s Leading International Financial Centre
News
Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience
Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience
By: Michael Mike
As Valentine’s Day approaches, Transcorp Hilton Abuja is set to transform into one of the capital’s premier destinations for romance and social experiences, unveiling an all-inclusive lineup of activities designed for both couples and singles.

This was disclosed in a statement issued at the weekend by the hotel’s Communications and Marketing Manager, Ms Ijeoma Osuji, who said the iconic hospitality brand will host a three-day “Valentine Weekend Package” from February 13 to 15.
According to the statement, the experience is designed to cater to a wide range of guests, from long-term couples seeking a romantic getaway to individuals looking to connect and celebrate the season of love in a vibrant social setting.
For visitors seeking a complete escape, the hotel is offering a bespoke room package that combines luxury accommodation with carefully curated romantic add-ons, promising a serene retreat from the city’s bustle alongside world-class hospitality.
The weekend programme features a diverse mix of entertainment and lifestyle experiences. Among the highlights is the “Signature Couples Event,” a grand and intimate gathering featuring a specially curated Valentine menu, games, music, and comedy performances.
Guests can also look forward to “A Night of Humour,” a comedy showcase featuring top-tier entertainers, aand“Theatre Magic on Stage,” a specially curated romantic stage play designed to engage audiences through powerful storytelling and emotional connection.
For culinary enthusiasts, the hotel will host Dual Restaurant Experiences, with its signature outlets; Zuma Grill and Bukka Restaurant, offering exclusive Valentine-themed dining packages tailored to diverse tastes.
Breaking away from the traditional focus on couples, the hotel is also introducing a Poolside Party for Singles, providing a chic, lively atmosphere for Abuja’s social crowd to mingle under the stars, accompanied by music and refreshing cocktails.
To help guests capture lasting memories, professional couples’ photography sessions will also be available, allowing visitors to document their special moments against the hotel’s scenic backdrops.
“We wanted to create a weekend that wasn’t just a meal, but a memory,” the hotel’s management said in the statement. “Whether it’s through laughter at our comedy special or a beautiful moment captured during a photo session, our goal is to celebrate love in all its forms.”
Reservations for the Valentine Weekend Package are now open, with organisers confident that guests will experience a memorable, immersive celebration at what remains one of Abuja’s most vibrant social hubs.
Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience
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