NEWS
Afreximbank Charges African Countries to Expedite Action on Industrialization
By Tony Obiechina, Abuja
The African Export-Import Bank (AFREXIM Bank) has called on African countries to redouble their efforts towards industrialisation of the continent.AFREXIM Bank’s Senior Executive, Denny’s Danya, made the call at the opening of the 32nd Africa Export-Import Bank Annual General Meeting in Abuja on Wednesday.
The AGM was declared open on behalf of President Bola Tinubu by Vice President Senator Kashim Shettima who was represented by his Special Adviser on Economic MattersDanya noted that Africa must be firm in its aspirations for industrialisation. “In an era where there is scarcity of funding for African institutions, our homegrown institutions must be given all the support they require. We must focus on building strong, independent institutions, promoting good governance, and fostering regional cooperation. It is imperative to highlight that institutional strengthening also requires political support from our leaders, so as not to undermine our own institutions.”He added that routine policies and reforms—including sound macroeconomic management, structural adjustments, and investments in key areas such as infrastructure and human capital—are crucial for fostering sustainable development across the continent.He stated that for the continent to grow, efforts must be geared toward promoting value addition to Africa’s exports, as well as diversification of the continent’s export basket and export destinations.“We must improve regional trade through the AfCFTA. We need to forge new trading partnerships and strategic alliances to leverage our collective strength and resources. Such partnerships and alliances will enhance access to new markets, offer competitive advantages, and boost innovation.”He explained that in the face of economic uncertainties, there is the need to harmonise the continent’s strengths to shape a prosperous future.He maintained that it is imperative to build strong, independent institutions, promote good governance, and foster regional cooperation in order to build a resilient Africa.The Governor of the Central Bank of Nigeria, Olayemi Cardoso on his goodwill message disclosed thatNigeria got over $52 billion from Afreximbank for trade financing Projects.According to him this makes Nigeria the Bank’s single largest beneficiary since inception in 1993.Speaking under the theme, “Building the Future on Decades of Resilience,” Cardoso commended the bank’s transformation from a modest institution to a major force in Africa’s development finance landscape.He noted that Afreximbank’s capital base had grown from $750m at inception in 1993 to over $40bn by the end of 2023.He added that routine policies and reforms—including sound macroeconomic management, structural adjustments, and investments in key areas such as infrastructure and human capital—are crucial for fostering sustainable development across the continent.He stated that for the continent to grow, efforts must be geared toward promoting value addition to Africa’s exports, as well as diversification of the continent’s export basket and export destinations.He explained that in the face of economic uncertainties, there is a need to harmonise the continent’s strengths to shape a prosperous future.He maintained that it is imperative to build strong, independent institutions, promote good governance, and foster regional cooperation in order to build a resilient Africa.The CBN governor called on African leaders, financial institutions, and the diaspora to pursue a development model that is “African-led and African-owned”, especially in the face of rising global uncertainties.Cardoso also used the platform to outline recent efforts by Nigeria to stabilize its financial system and currency. He pointed to new diaspora-friendly policies such as the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA) as ways to harness the economic power of Nigerians abroad.“These initiatives aim to boost remittances and attract investments into critical sectors of the economy,” he explained.Cardoso hailed Afreximbank for redefining the role of the African diaspora to include Afro-descendants in the Caribbean and the Americas, describing the bank’s approach as both inclusive and visionary.He stressed the importance of coordinated engagement between African governments and diaspora communities to accelerate growth and investment across the continent.Amid global economic fragmentation, Cardoso warned that Africa must reduce dependence on external actors and instead deepen intra-African trade, regional integration, and homegrown innovation.“Rising trade protectionism and shifting geopolitical dynamics are undermining Africa’s development prospects,” he warned.He also commended the outgoing Afreximbank President Prof. Benedict Oramah for his leadership, citing landmark achievements such as the Africa Medical Centre of Excellence in Abuja, developed in partnership with King’s College London.“It is not many that have the fortune of making big dreams come true… Professor Oramah, I salute you,” Cardoso added.In closing, the CBN governor called on African leaders to combine vision with execution, noting that only a few manage to do both effectively.The African Export-Import Bank (AFREXIM Bank) has called on African countries to take deliberate actions toward industrialisation.AFREXIM Bank’s Senior Executive, Denny’s Danya, made the call at the opening of the 32nd Africa Export-Import Bank Annual General Meeting in Abuja.Danya posited that Africa must be firm in its aspirations for industrialisation.“In an era where there is scarcity of funding for African institutions, our homegrown institutions must be given all the support they require. We must focus on building strong, independent institutions, promoting good governance, and fostering regional cooperation. It is imperative to highlight that institutional strengthening also requires political support from our leaders, so as not to undermine our own institutions.”He added that routine policies and reforms—including sound macroeconomic management, structural adjustments, and investments in key areas such as infrastructure and human capital—are crucial for fostering sustainable development across the continent.He stated that for the continent to grow, efforts must be geared toward promoting value addition to Africa’s exports, as well as diversification of the continent’s export basket and export destinations.He explained that in the face of economic uncertainties, there is a need to harmonise the continent’s strengths to shape a prosperous future.He maintained that it is imperative to build strong, independent institutions, promote good governance, and foster regional cooperation in order to build a resilient Africa.
NEWS
APC Unveils Winners of Adamawa House of Representatives Primaries
From Yagana Ali, Yola
The All Progressives Congress (APC) has officially announced the winners of its House of Representatives primary elections across the eight federal constituencies in Adamawa State, setting the stage for the party’s campaign ahead of the next general elections.
The results were declared on Sunday in Yola by the chairman of the election committee, Ahmed Yusha’u, who described the exercise as peaceful, transparent and credible across the 21 local government areas of the state.
According to Yusha’u, the primaries were conducted in strict compliance with the Constitution of the Federal Republic of Nigeria, the Electoral Act, as well as the APC constitution and guidelines guiding internal party elections.
He commended party officials, delegates, aspirants and security personnel for their roles in ensuring a smooth and orderly process, noting that the conduct of the exercise reflected the party’s commitment to internal democracy.
“The exercise was conducted successfully in a free, fair and credible atmosphere,” he said, while expressing confidence that the party would emerge stronger and more united after the primaries.
The candidates who secured the party’s tickets to contest the House of Representatives seats in the next general elections are: Nyampa Zakaria — Michika Federal Constituency, James Barka — Gombi/Hong Federal Constituency, Kwamoti Laori — Demsa/Numan/Lamurde Federal Constituency, Golfa Mallam — Guyuk/Shelleng Federal Constituency, Suleman Gankuba — Jada/Ganye/Mayo-Belwa/Toungo Federal Constituency, Aliyu Boya — Fufore/Song Federal Constituency, Ahmad Salihijo — Yola North/Yola South/Girei Federal Constituency and Ramatu Bello — Mubi North/Mubi South/Maiha Federal Constituency.
Before the commencement of the primaries, Yusha’u had appealed to all aspirants and their supporters to maintain peace and demonstrate maturity throughout the exercise.
He urged party members to embrace unity and sportsmanship in the aftermath of the elections, stressing that the APC’s collective interest remains more important than individual ambitions.
Political observers in the state see the emergence of the candidates as a significant step in shaping the political landscape ahead of the forthcoming elections, with expectations that campaigns will intensify across the various constituencies in the coming months.
NEWS
Northwest Varsity Kano Matriculates 7,929 Students
From Rabiu Sanusi, Kano
Northwest University Kano on Friday held its 13th Matriculation Ceremony for newly admitted students of the 2025/2026 academic session, with a total of 7,929 students formally admitted into various academic programmes across the institution’s 10 faculties.
The colourful ceremony, which took place at the Muhammadu Sanusi II Lecture Hall, was described as historic and memorable as it marked the first matriculation exercise presided over by the university Vice-Chancellor, Professor Amina Salihi Bayero.
The event also recorded another milestone with the formal inclusion of students of the Institute of Continuing Education admitted into part-time degree programmes alongside regular students of the university for the first time.
Speaking during the ceremony, Professor Amina Salihi Bayero urged the newly matriculated students to uphold discipline, moral conduct, and academic excellence throughout their stay in the institution.
She reminded the students that the university awards degrees based not only on academic performance but also on character, stressing the need for them to protect the image and reputation of the institution.
The Vice-Chancellor noted that although it was her first matriculation ceremony as the head of the university, she had participated in previous ceremonies in different capacities, including as Head of Department, Dean, Deputy Vice-Chancellor and Professor.
Professor Amina also expressed appreciation to the Kano State Governor, Alhaji Abba Kabir Yusuf, for his continued support toward the growth and development of the university.
She commended the governor for efforts aimed at repositioning the institution and improving the learning environment for both students and staff.
“Students must remain law-abiding, focused and dedicated to their studies while contributing positively to the development of the university through hard work and responsible conduct.
In his remarks the Registrar of the university, Dr. Adm.Isyaku Adamu administered the matriculation oath to the newly admitted students and charged them to strictly adhere to the rules and regulations governing the institution.
Some of the matriculated students who spoke shortly after the ceremony expressed happiness over securing admission into the university and pledged to remain committed to their studies and conduct themselves responsibly.
The ceremony ended amid excitement, goodwill and renewed hope for a successful academic journey for the newly admitted students.
NEWS
NNPCL Credits PINL–Community Partnership as Bayelsa Records Zero Pipeline Infractions in April
From Mike Tayese, Yenagoa
The Nigerian National Petroleum Corporation Limited (NNPCL) has credited the result to the working partnership between Pipeline Infrastructure Nigeria Limited (PINL) and the host communities along the corridor.
The commendation came at a stakeholder meeting convened by PINL in Bayelsa to review operational performance and community engagement.
For the full month of April, no incidents were recorded on the Trans Niger Pipeline (TNP) or the Eastern Gas Network across Bayelsa State — no bunkering, no spillage, no infractions
“For the past month, there has been no incident in the whole of Bayelsa as far as we are concerned,” said Omojevwhe Akponime, Head of NNPCL’s Project Monitoring Office for the Eastern Corridor.
“That shows that the community and PINL are one in common.”
Akponime linked the result to rising production on the TNP, and called on the royal fathers, CDC chairmen, women’s leaders and youth groups present to sustain the collaboration. “Each time you give them your support, they will always do more for you,” he said.
PINL’s General Manager for Community and Stakeholder Relations, Dr. Akpos Mezeh, placed the achievement against the national target.
“Production has continued to increase,” Mezeh said. “By the grace of God, we’ll meet our target of 2.5 million barrels per day. It shows that the stakeholders are performing their obligations strictly in the partnership.”
Mezeh used the meeting to present cheques to beneficiaries of PINL’s women empowerment programme, encouraging recipients to invest the funds into their businesses. He also called on youth across the corridor to reject vandalism.
“If you go and spend money to install any illegal connection, you cannot reap it,” he said. “In the next 24 hours, we will get intelligence, and you will lose out. Vandalism is no longer profitable.”
Speaking for the beneficiaries, Madam Love Theophilus reinforced the message. “This empowerment is for business,” she told the women. “It’s not for big wrapper. It’s not for good shoes. Use the money to promote your business.”
The Trans Niger Pipeline is one of Nigeria’s most critical crude evacuation arteries. A month without infraction in Bayelsa is a direct contribution to national production and to the 2.5 million barrels per day target.


