News
AfDB Approves $200m Facility For BoI To Boost Economy In Nigeria
AfDB Approves $200m Facility For BoI To Boost Economy In Nigeria
The African Development Bank (AfDB) Group has approved a 200 million dollar financing facility for the Bank of Industry (BoI).
The intervention is designed to support Nigeria’s industrial growth and strengthen private sector productivity across strategic sectors.
The bank disclosed this in a statement issued on Friday in Abuja.
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The facility will provide medium- and long-term financing for businesses seeking expansion capital.
The funding targets infrastructure, transport, agro-food processing, healthcare, pharmaceuticals, and green industrialisation sectors.
The bank said the intervention aligned with efforts to deepen industrial capacity and improve economic competitiveness in Nigeria.
It added that at least 30 per cent of the facility would support small and medium-sized enterprises.
The bank noted that women-owned businesses and youth-led enterprises would receive priority support under the arrangement.
It said inclusive financing remained critical to sustainable growth and wider economic participation.
“The package also includes a 650,000 dollar grant from the Fund for African Private Sector Assistance.
“The grant will strengthen SME capacity and support climate-smart business initiatives across productive sectors,” the statement read.
The bank said an additional technical support component would complement the financing package.
It said the support would be delivered under the Affirmative Finance Action for Women in Africa initiative.
According to the bank, the initiative will improve financing access for women-led enterprises.
“The intervention is expected to promote job creation, boost exports and strengthen local manufacturing.
“It will also reduce Nigeria’s dependence on imported industrial products,” the statement also read.
The Director-General of AfDB’s Nigeria Country Department, Abdul Kamara, said the approval reflected the bank’s confidence in Nigeria’s industrial potential.
Mr Kamara said the institution remained committed to supporting industrialisation and private sector development across the country.
He said the financing would support SMEs, women entrepreneurs, and youth-led businesses driving economic diversification.

AfDB
Mr Kamara added that stronger local enterprises would contribute to sustainable industrial transformation.
The Managing Director of the Bank of Industry, Olasupo Olusi, described the facility as another milestone in BoI’s partnership with AfDB.
Mr Olusi said both institutions had maintained a productive relationship focused on economic development.
He said the financing would unlock investment opportunities, create jobs and promote inclusive growth nationwide.
Mr Olusi added that the intervention would strengthen local manufacturing and support Nigeria’s long-term development goals.
News
ADC Postpones Presidential, Governorship Screening To Monday 18th, 2026
ADC Postpones Presidential, Governorship Screening To Monday 18th, 2026
The African Democratic Congress (ADC) wishes to inform all presidential and governorship aspirants that the party’s screening exercise earlier scheduled for this weekend has been postponed to Monday, 18th May 2026.
Furthermore, due to the security situation affecting some parts of Northern Nigeria, the screening of affected federal lawmakers aspirants will now take place in Abuja.
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All affected aspirants will be duly contacted with the updated schedules and necessary details.

ADC
We regret any inconvenience this adjustment may cause and appreciate the understanding and cooperation of all aspirants and stakeholders.
Signed:
Mallam Bolaji Abdullahi
National Publicity Secretary
African Democratic Congress (ADC)
News
Kadpoly Centre Of Tech Excellence, Says Governor Uba Sani
Kadpoly Centre Of Tech Excellence, Says Governor Uba Sani
Kaduna Polytechnic has remained a vital centre for technical education, innovation, entrepreneurship and professional excellence, which has produced graduates who have shaped industries, strengthened institutions and contributed to public life.
Governor Uba Sani of Kaduna State made this known at the 70th anniversary of the polytechnic and its combined convocation ceremony which held at the Tudun Wada Main campus on Saturday.
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An alumnus of Kaduna Polytechnic, the institution conferred on the Governor its prestigious Fellowship Award, an honour he described ‘’not merely as a personal recognition, but as an affirmation of the collective commitment of the Kaduna State Government to educational advancement, youth empowerment, and institutional renewal.’’
According to the Governor, his administration places a lot of emphasis on technical education as ‘’ no society can attain sustainable development without investing deliberately in knowledge, skills, and innovation.’’
‘’ In today’s rapidly evolving global economy, technical and vocational education has become indispensable to industrialisation, agricultural transformation, digital innovation, and national competitiveness,’’ he added.
Governor Uba Sani said that ‘’polytechnics must therefore occupy a central place in our development strategy. They are not peripheral institutions; they are engines of productivity, enterprise, and human capital formation.’’
He disclosed that Kaduna State Government continues to prioritise investment in education at all levels, adding that ‘’ our administration is currently sponsoring 775 students in various programmes at Kaduna Polytechnic. ‘’
‘’This intervention reflects our determination to remove financial barriers and ensure that talented young people, regardless of background, can acquire the skills necessary to contribute meaningfully to society,’’ he maintained.
The Governor further said that his administration has ‘’established three Institutes of Vocational Training and Skills Development located at Rigachikun, Samaru Kataf, and Soba.’’
‘’ These institutes, which are more equipped than most Universities of Science and Technology in the country, are certified by the National Board for Technical Education as among the best-equipped skills development hubs in
Nigeria,’’ he disclosed.
According to him, the Institutes are deliberately designed to prepare young people for the rapidly evolving global economy as they offer specialised training in welding, solar technology, information technology and artificial intelligence.
‘’ Through these interventions, we are positioning Kaduna State as a national hub of technical excellence while addressing the persistent skills gap that has constrained local economic growth and industrial productivity,’’ he added.
The Governor further said that ‘’in the same vein, the iconic Panteka Market, widely recognised as Africa’s largest informal skills hub, has undergone significant modernisation under our administration.
‘’The market has now been equipped with state-of-the-art tools, infrastructure, and training facilities aligned with the Nigerian Skills Qualification Framework.
‘’This initiative is expected to uplift more than 38,000 apprentices
by preserving traditional craftsmanship while integrating modern production techniques, standardisation, and nationally recognised certifications,’’ he added.

Uba Sani
Governor Uba Sani disclosed that ‘’the new and re-worked Panteka Market has since surpassed the legendary Jua Kali of Kenya, which was for several decades regarded as Africa’s largest informal vocational training initiative.’’
He directed that immediate steps to be taken toward the construction of a befitting Lecture Theatre Complex within the Polytechnic.
‘’Arrangements are also underway for the rehabilitation and repair of access roads within both the Main Campus and the By-Pass Campus to improve mobility and provide a more conducive learning environment for students and staff,’’ he promised.
The Governor called on ‘’the private sector, development partners, alumni, and philanthropic organisations to strengthen their support for Kaduna Polytechnic through endowments, research funding, infrastructure partnerships, and mentorship initiatives.
‘’The future of our nation depends substantially on the quality of institutions we build today,’’ he pointed out.
News
IGP Disu Visits Oriire Communities, Orders Intensified Rescue Operations
IGP Disu Visits Oriire Communities, Orders Intensified Rescue Operations
The Inspector-General of Police, IGP Olatunji Rilwan Disu, psc (+), NPM, today paid a visit to Oyo State following the tragic attack and abduction incident that occurred in Oriire Local Government Area of the State in the early hours of Friday, 15th May, 2026. The IGP expressed deep concern over the incident and extended heartfelt condolences to the families of those who lost their lives during the attack.
The IGP was accompanied on the visit by the Commissioner of Police, Kwara State Command, CP Ojo Adekimi, owing to the strategic proximity of the Oriire axis to communities bordering Kwara State, as well as the Commissioner of Police, Schools Protection Squad, CP Abayomi Shogunle, in furtherance of ongoing efforts to strengthen school safety and coordinate effective response measures.
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During the visit, the Inspector-General met with the Commissioner of Police, Oyo State Command, CP Abimbola Ayodeji Olugbenga, psc, mnips, alongside other security stakeholders, where he received operational briefings on ongoing rescue efforts and security deployments across the affected communities.
The IGP assured residents, parents, and guardians that the Nigeria Police Force, in collaboration with other security agencies, has intensified coordinated search-and-rescue operations, intelligence gathering, and tactical deployments aimed at securing the safe return of all abducted victims and bringing the perpetrators to justice.

IGP Disu
He condemned the attack as cruel and unacceptable, reiterating that no effort would be spared in restoring normalcy to the affected communities. The Inspector-General further directed the deployment of additional tactical and intelligence assets to strengthen ongoing operations in the area and adjoining forests.
The Nigeria Police Force remains fully committed to the protection of schools, communities, and all citizens across the country.
DCP ANTHONY OKON PLACID, psc (+), mnipr, mni
Force Public Relations Officer
Force Headquarters, Abuja
16th May, 2026
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