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$1bn Spent To Recover Territories Seized By Terrorists — Buhari

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Despite spending over $1bn to reclaim Boko Haram-held territories in Borno, Adamawa and Yobe States since 2015, Nigeria’s security and that of the Lake Chad Basin remains unstable due to lingering conflicts in Libya, the Central African Republic and Russia’s aggression in Ukraine.

President Muhammadu Buhari said this on Tuesday, shortly after receiving the “Award for Strengthening Peace in Africa” conferred on him by the Abu Dhabi Peace Forum in Nouakchott, the Mauritanian capital.

“Although we are winning the war, however, as a country and sub-region, we continue to be negatively impacted by events in Libya, the Central Africa Republic, The Sahel and the war in Ukraine,” Buhari told his counterparts at the African Conference for Peace, 2023.

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The President premised his argument on the free circulation of “all sorts of small and light weapons” orchestrated by foreign fighters.

He also reasoned that the idleness of African youths and non-inclusion in discussing issues that concern them is providing a steady recruitment pool for the extremist organisations wreaking havoc in various parts of the continent.

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He, therefore, urged leaders to place a premium on youth development, with more seriousness and actionable ideas in promoting skills acquisitions while discouraging idleness.

This is according to a statement signed by the Special Adviser on Media and Publicity to the President, Femi Adesina, titled ‘President Buhari receives award for peace in Africa, lists conditions for future harmony.’

The President said, “When I assumed power in 2015, Boko Haram held about two-thirds of Borno State, half of Yobe State, and a couple of local government areas in Adamawa State, all in the North-East of Nigeria.

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“We have been able to retrieve these swathes of territories by investing over $1bn to acquire hard and software weaponry from the US and other friendly countries to carry out sustained operations against insurgency since 2015.”

According to him, these monies would have been better spent on critical infrastructure such as healthcare and education.

“Our Armed Forces and those of our partners in the Multinational Joint Task Force (consisting of Chad, Niger, Cameroon, Benin Republic and Nigeria) continue to demonstrate great bravery while paying the ultimate price in securing our collective freedom.

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“Despite the difficult times we face, we continue to spend very scarce and lean resources to ensure that we have a well-resourced military force to take on this task. Ideally, these are resources that could be spent on education, healthcare, infrastructure and other social services, but without peace, we have learnt the hard way that our children cannot go to school or seek good healthcare,” the President stated.

He explained that the scenario created serious instability and served as a litmus test for member countries of the Lake Chad Basin Commission in devising means to restore the livelihoods within the region.

The President urged his counterparts to concretise efforts to curtail and possibly prevent the circulation of Small Arms and Light Weapons and the festering of foreign fighters into Africa.

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To the current chairperson of the AU, Senegalese President Macky Sall, Buhari said the next Summit of Union must find a pragmatic African approach to resolving the over a decade-old instability that made the country a haven for all kinds of weapons and foreign fighters.

READ ALSO: 2023: Nigeria Now Ungovernable, Things Have Fallen Apart – Anglican Primate

In his remarks, the President of the Forum for Promoting Peace in Muslim Societies, Shaykh Abdallah Bin Bayyah, said the 2023 conference theme was based on the recommendations of the “Nouakchott Declaration” that emerged from the inaugural conference.

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Bayyah explained that the award was given to Buhari for providing good leadership, promoting peace in a multi-ethnic, multicultural and multi-linguistic country like Nigeria and extending his experience and wisdom to other African countries.

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

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Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

READ ALSO:Film Premiere: Edo In Talks With Embassies To Promote Safe Migration —Agazuma

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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

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He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

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READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

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“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

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First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

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Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

READ ALSO:I’ve Been Blacklisted In Music Industry For 13 Years – Seun Kuti

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

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Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

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Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

READ ALSO:My Beef With Wizkid Is For Life – Seun Kuti

By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

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Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

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