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AfDB reaffirms $2bn Commitment to develop Lake Chad Basin

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The African Development Bank (AfDB) has reiterated its commitment to invest $2 billion in the development of the Lake Chad Basin.

AfDB President, Dr. Akinwumi Adesina, disclosed this on Wednesday at the 5th Lake Chad Governors’ Forum in Maiduguri.

Adesina, represented by Dr. Yaro Balde, Director, AfDB Transition States Coordination Office, said the funds would be spent on water security, transportion, environmental, and social projects in Nigeria, Niger, Cameroon, and Chad.

He listed the pressing challenges in the region, to include climate change, population growth and devastating conflicts that led to the displacement of thousands of people.

“The Lake Chad Basin, once a thriving hub of life and opportunity, has faced profound challenges over the past few decades. Yet, amidst these adversities, the resilience and determination of the region’s communities offer a powerful testament to hope and renewal,” the president said.

He said that the AfDB remained committed to supporting stabilization, recovery, and resilience efforts in the region, noting that a Memorandum of Understanding (MoU) was signed in February 2024 with the Lake Chad Basin Commission to reinforce their collaboration.

“The MoU strengthens our joint efforts towards enhancing water security, building community resilience, and fostering regional integration and economic growth,” Adesina said.

He said in 2024, the bank spent $9 million on restoring the Basin’s ecological functions, improving water flow, and promoting sustainable livelihoods, particularly fishing and agriculture.

” Additionally, the bank contributed $18 million to the $38 million CROSSTAR project, which focuses on restoring security, revitalizing local economies, and fostering social cohesion in the Lake Chad Basin.

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“As a key donor to the Regional Stabilisation Facility, the Bank has also played a leading role in revising the Regional Strategy for Stabilisation, Recovery, and Resilience to address emerging challenges and ensure long-term sustainability,” the president said.

He reaffirmed the Bank’s commitment to deepening collaboration with governments, civil society, and international partners to drive development in the region.

“For the next five years, the AfDB will continue supporting initiatives that reinforce regional stability, economic development, and environmental sustainability.

“This forum provides a unique opportunity to deepen partnerships and craft bold strategies that leave no one behind,” Adesina said.

NAN reports that the forum, organized by the Yobe government in Maiduguri, was attended by stakeholders across the region, focusing on cross-border cooperation, peacebuilding and sustainable development.(NAN)

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Concerned Citizens Raise Alarm Over New Plot to Derail Tinubu’s Reforms on Local Refineries

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A group of concerned citizens has raised the alarm over an alleged plot to sabotage President Bola Ahmed Tinubu’s reforms on local refineries.

The group, Concerned Nigerians led by its National Coordinator Obinna Francis, claims to have uncovered a sinister plot to stop the supply of crude oil to domestic refineries.

According to Francis, the plot is being orchestrated by a cabal within the Nigerian National Petroleum Company Limited (NNPCL), in collaboration with importers of fake petrol.

The group alleges that this cabal is seeking to undermine the government’s economic reforms, which have led to a significant reduction in fuel prices and a subsequent decrease in the cost of food items.

The concerned citizens believe that the plot is driven by a desire to return Nigeria to the era of petrol importation and the reintroduction of subsidies.

They argue that cutting off crude oil supply to domestic refineries would create a shortage of refined products, forcing the country to import fuel.

The group claims that the cabal has been manipulating officials in the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to justify the planned refusal to supply crude oil to local refineries.

They also allege that the cabal has the support of individuals seeking regime change, who hope to capitalize on public anger and protests to bring down the government.

Francis added: “The members of the cabal, working through certain officials of NNPCL, have been manipulating their colleagues in the NUPRC, which has responsibility for overseeing the supply of crude oil to refineries in Nigeria.

“Their plot includes sabotaging exploration and distribution infrastructure to justify the planned refusal to cut off crude supplies. This unholy alliance has the support of individuals who have been angling for a regime change.

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“Our suspicion is that while the NNPCL/NUPRC cabal pursue the monetary gains of truncating the steady supply of refined products, their political wing anticipates that a disruption in refining capacity would lead to petrol scarcity, drive fuel prices up and hike food prices with the attendant anger against the government of the day.

“They desire to weaponize such public anger into anti-government protests that would bring the administration down. We are concerned that if not stopped, this plot will undo all the gains that have been made in the implementation of economic reforms of President Bola Ahmed Tinubu’s government and doom us all.

“We are further concerned that such a plot at this critical time of our economic evolution would plunge the country into an abyss from which it may never resurface.”

The concerned citizens are calling on President Tinubu and the Department of State Services (DSS) to intervene and prevent the plot from being executed. They praised the president’s economic reforms, which have driven Nigeria towards energy sustainability and revived the oil industry.

The group warned that if the plot is not stopped, it would undo all the gains made by the government and plunge the country into economic chaos.

They urged the president to ensure that no one in NNPCL, NUPRC, or any other connected agency undermines the achievements recorded in the sector.

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TRENDING: Desmond Elliot weeps as Meranda resigns as Speaker of Lagos Assembly (VIDEO)

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Actor-turned-politician Desmond Elliot has become a hot topic online after a video surfaced showing his emotional reaction on Monday, shortly after Mojisola Meranda resigned as Speaker of the Lagos State House of Assembly.

Earlier, SPEARNEWS reported that Ms Meranda announced her resignation during a plenary session.

Following her resignation, the impeached Speaker, Mudashiru Obasa, was reinstated to his former position.

In a viral video, Mr Elliot, who represents Surulere Constituency 1 in the Assembly, was emotional over Ms Meranda’s resignation.

Dressed in a black native outfit, the 51-year-old attempted to deliver a farewell speech but was overcome with emotion and struggled to hold back tears.

At one point in the viral video, he found it difficult to continue speaking and requested that another lawmaker take the floor while he composed himself.

“Madam Speaker, can you allow others to speak first?” he asked.

Ms Meranda responded, “Have your seat,” prompting him to sit down, covering his face with one hand as he wiped away tears.

Seyi Lawal, an All Progressives Congress (APC) representative from Ikeja Constituency 1, was granted permission to speak in place of Mr Elliot, who has served in the House since April 2015.

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Kano Govt. flags off Ramadan feeding for 91,000 people daily

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Kano State government has made arrangements to feed 91,000 people in 91 designated centres during the 2025 Ramadan Feeding Programme.

Flagging off the feeding programme in m Fagge Local Government Area on Sunday evening, the Deputy Governor and Chairman of the programme, Alhaji Aminu Abdulsalam, said that that the initiative would run for 27 days.

He said that the programme was aimed at supporting vulnerable residents and would provide daily iftar meals to fasting Muslims, alleviating the challenges faced during Ramadan.

“Since the assumption of office, Gov. Abba Kabir-Yusuf, has institutionalised this initiative to support vulnerable residents by providing daily iftar meals during the holy month of Ramadan.

“The programme, which is part of the state’s annual humanitarian efforts, aims to alleviate the difficulties faced by fasting Muslims during Ramadan.

“Recognising the needs of the state’s large population of Ramadan observers, the Kano State Government remains committed to ensuring that relief reaches those in need,” he explained.

Abdulsalam expressed satisfaction with the seamless commencement of the initiative.

He further urged the catering companies involved to ensure prompt and efficient delivery of meals to all feeding centers, in order to achieve the programme’s objectives.

Abdulsalam was accompanied by key officials, including the Commissioner for Information and Internal Affairs, Ibrahim Waiya, as well as his counterpart in the Ministry of Religious Affairs, Sheikh Tijjani Auwal. (NAN)

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