Economy
Government Donates Land For Air Force Base In Akwa Ibom
Government Donates Land For Air Force Base In Akwa Ibom
Government donates land for Air force base in Akwa Ibom… pledges continuous partnership with security agencies
Akwa Ibom State Governor, Pastor Umo Eno, has announced the donation of a parcel of land for the establishment of barracks for the Forward Operational Base (FOB) of the Nigerian Air Force (NAF) in the State.
At a courtesy visit on him by the Chief of Air Staff, Air Marshal Hassan Bala Abubakar, at the Government House, Uyo, the Governor made a presentation of the land documents.
He said the State under his leadership was committed to sustaining the trajectory of peace and security in the State and expressed hope that the Air Force base will be of great value in protecting the State’s and national boundaries.
The Governor, who has paid high premium on security since assumption of office, said the State will continue to partner with all the security agencies including NAF, and urged the Force to continue with its good works in the State and county generally.
“We thank you for the Air Force base that is going to be strategically located in Akwa Ibom State. Before now, apart from the school and the presence at the airport, the Air Force was the only arm of security that was not really on ground in Akwa Ibom State.
“But with this establishment of forward base operations, we believe that the Air Force is now fully integrated into our security architecture as a State and we welcome you. We hope and trust that you will continue to work to protect our international boundaries knowing that Akwa Ibom is a litoral State, especially to help with our air operations to ensure that we continue to maintain security in the land.
“As a State we take security very seriously, and that is why the State has continued to remain one of the most peaceful states in this country. So we will continue to work with all security agencies including the Air Force,” he said.
The Governor who appreciated the Chief of Air Staff for the academic standard at the Air Force School, requested for some concessions to enable the school accommodate more Akwa Ibom children.
In his remark, Air Marshal Abubakar appreciated the Governor for the land donation, his continuous support to national security initiatives and for his proactive vision in promoting infrastructural development and investment in the State.
“Permit me to, on behalf of the entire NAF family, appreciate you for the gracious donation of land for the establishment of barracks accommodation for a Forward Operational Base (FOB) at an accessible distance from the Eket Airstrip.
“This would not only fast track the setting up of the necessary facilities for this strategic process but would add great value for both national defense and homeland security in support of other forms of civil commercial enterprise.
The FOB, when established would provide further assurance of safety and security of persons and property, thereby fostering the entrenchment of Akwa Ibom State as a very good investment and tourism destination.
NAF
“I am particularly grateful for the strategic collaboration between Akwa Ibom State and the Nigerian Air Force (NAF), especially in providing the enabling support for the momentous transfer of the Eket Airstrip to the NAF. This significant step demonstrates your commitment towards the strengthening of security within the State for several reasons.”
He said the transfer of the Airstrip to NAF would help to extend air power for national security, protection of territorial integrity as well as support the drive to promote a thriving blue economy, adding that NAF would be better positioned to protect critical national assets around the Akwa Ibom State shoreline when they become fully operational.
“Some of these assets include the Floating Liquefied Natural Gas Plant, the Ibom Deep Sea Port and the BUA Refinery. These assets, which hold immense national and economic value, would greatly benefit from the enhanced security presence of the NAF at Eket. Your Excellency, Akwa Ibom State, would reap the dividends of this improved strategic posture,” he said.
He appreciated the Governor for the warm reception and hospitality for his team, and assured of continuous support for the security component of the ARISE Agenda.
On hand to receive the delegation were the Deputy Governor, Senator Akon Eyakenyi, Speaker of the State House of Assembly, Rt Hon Udeme Otong; Executive Assistant/Chief Delivery Advisor, Mr Aniefiok Johnson; and members of the State Executive Council.
Eid-el-Fitr: NRC Sets To Run Three Lagos–Ibadan Train Trips Monday
Eid-el-Fitr: NRC sets to run three Lagos–Ibadan train trips Monday. He assured passengers of NRC’s continued commitment to safe, reliable, and efficient rail services.
This was contained in a statement issued on Friday in Lagos by NRC chief public relations officer, Callistus Unyimadu.
He said the additional trip was in response to high passenger turnout during the Eid-el-Fitr travel period.
“The extra trip is aimed at easing passenger movement and providing more travel options for commuters returning after the Eid-el-Fitr celebrations.
“Under the schedule, departures from Lagos (Mobolaji Johnson Station, Ebute Metta) will be at 7.45 a.m., 1.40 p.m., and 4.00 p.m.
“From Ibadan (Obafemi Awolowo Station, Moniya), trains will depart at 8.00 a.m., 10.50 a.m., and 4.30 p.m.,” he said.
Mr Unyimadu assured passengers of NRC’s continued commitment to safe, reliable, and efficient rail services.
NRC Sets To Run Three Lagos–Ibadan Train Trips Monday
He advised travellers to arrive early, comply with ticketing and security procedures, and plan their journeys.
“The corporation appreciates the continued patronage of its services and wishes all passengers a safe and pleasant journey,” he added.
UBA, BII Sign Letter Of Intent To Explore Trade Finance Collaboration Across Africa
United Bank for Africa (UK) Limited (“UBA UK”) and British International Investment plc (“BII”), the UK’s development finance institution and impact investor, announced that they have signed a letter of intent to develop trade finance collaboration opportunities.
The proposed initiative aims to expand access to trade and working capital facilities for businesses operating across Africa.
Access to trade finance remains one of the most significant structural constraints on African trade. Businesses, particularly small and medium-sized enterprises, are frequently unable to secure letters of credit, guarantees, and supply chain finance on commercially viable terms, limiting their capacity to export and import competitively. This trade finance gap is estimated by the African Development Bank to be over USD 80 billion annually.
To help close this gap, UBA UK, the London subsidiary of UBA Group, Africa’s Global Bank, will leverage its deep relationships across the Group’s 20-country African network to originate and structure trade finance transactions. While BII, with a mandate to support productive, sustainable, and inclusive growth across Africa, can support transactions that might otherwise fall outside conventional commercial appetite.
“The signing of this letter with BII represents a landmark moment for UBA UK and for the UBA Group’s global ambitions. As the Group’s hub for Trade Operations, UBA UK is uniquely positioned to connect African businesses with the international financial system. Working alongside BII, we can extend that capability further — mobilising capital where it matters most and helping to close the trade finance gap that holds back so much African potential,” said Lok Mishra, Chief Executive Officer, UBA UK
“British International Investment is committed to catalysing private sector growth across Africa, and trade finance is a critical enabler of that growth. We welcome the opportunity to collaborate with UBA Group, whose pan-African network and deep institutional relationships can help advance our ambition to expand access to trade and working capital finance, particularly in frontier markets,” Chris Chijiuitomi, Managing Director and Head of Africa
The announcement builds on growing momentum around intra-African trade facilitated by the African Continental Free Trade Area (AfCFTA), which entered into force in 2021 and represents one of the world’s most significant trade integration initiatives. Both institutions have identified the operationalisation of AfCFTA as a priority catalyst for a trade finance facility, with UBA UK’s network across major AfCFTA economies offering a basis for supporting businesses navigating the emerging continental market.
This also complements the UK Government’s broader engagement with African economic development, including commitments made at the UK-Africa Investment Summit, and reinforces the City of London’s role as a leading international finance centre for Africa-focused capital mobilisation.
Future cooperation remains subject to further assessment, due diligence and the completion of internal approvals by both parties.
ABOUT UNITED BANK FOR AFRICA (UK) LIMITED
UBA UK is the London-based subsidiary of United Bank for Africa Plc, one of Africa’s leading financial institutions with operations across 20 African countries, the United Kingdom, the United States of America, France, and the United Arab Emirates. UBA UK serves as the Group’s hub for Trade Operations, providing a comprehensive suite of trade finance, treasury, and correspondent banking services to institutional and corporate clients worldwide.
UBA
ABOUT UNITED BANK FOR AFRICA GROUP
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.
ABOUT BRITISH INTERNATIONAL INVESTMENT
British International Investment is the UK’s development finance institution and impact investor. The organisation invests in businesses in developing countries to improve people’s lives and help protect the planet. BII’s work targets the underlying causes of poverty and the climate crisis, helping countries break free from aid dependency for good.
Between 2022-2026, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which has raised over $33.6 billion to empower women’s economic development.
The company has investments in over 1,600 businesses across 66 countries and total net assets of £9.87 billion. For more information, visit: www.bii.co.uk | watch here. Follow British International Investment on LinkedIn, Bluesky and X.
Eid-el-Fitr: President Tinubu Felicitates Muslims, Urges Renewed Unity, Patriotism
Eid-el-Fitr: President Tinubu felicitates Muslims, urges renewed unity, patriotism. Mr Tinubu called on Muslims to reflect on the spiritual lessons of Ramadan.
The president urged them to renew commitment to national unity, peaceful coexistence, and service to humanity as they celebrate the festival across the country on Friday.
This is contained in a statement issued by presidential spokesperson, Bayo Onanuga, on Thursday in Abuja.
Mr Tinubu called on Muslims to reflect on the spiritual lessons of Ramadan, noting that the holy month teaches discipline, sacrifice, compassion, and devotion to God and humanity.
He said: “We have a lot to draw from the noble lessons of Ramadan, especially at a time like this.
“We must continue to abide by the virtues of piety, selflessness, perseverance, kindness and compassion beyond this period.”
The president emphasised the need for Nigerians to remain united across religious and ethnic lines, stressing that national cohesion remains vital for sustainable peace and development.
He urged Muslims to extend acts of kindness and charity to the less privileged, irrespective of religious or ethnic background, in line with the enduring values of Islam.
Mr Tinubu noted that such gestures would strengthen social bonds, promote inclusiveness, and reinforce the spirit of brotherhood that defines the Nigerian society.
The president also called on religious leaders to use the occasion to offer prayers for peace, stability, and economic prosperity across the country.
Tinubu
He expressed optimism that with collective efforts, Nigeria would overcome its challenges and achieve lasting progress for the benefit of all citizens.
Mr Tinubu wished Muslims a joyous celebration, praying that the blessings of Ramadan would bring renewed hope, strength, and guidance to individuals, families, and the nation.
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