World Bank Committed $2.5 Billion into Nigeria’s Infrastructure, Education, Healthcare Sectors in 5 Years Mobilised $5bn private capital into country in 2025 Digital reforms, transparency needed to unlock SME procurement, BPP, LCCI say
Nume Ekeghe and Dike Onwuamaeze
The World Bank Group said it has committed over $2.5 billion to Nigerian suppliers over the
past five years, funding projects across infrastructure, healthcare, and education.
Equally, the International Finance Corporation (IFC) said it mobilised $5 billion in private capital last
year to support businesses and create jobs in the country. The disclosures were made at a
seminar focused on procurement Continued on page 8
Sachet Drinks War: MAN, Unions Condemn NAFDAC, Say Actions Inimical to Businesses...
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Wednesday 28 January, 2026 Vol 31. No 11252. Price: N400
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Erdogan: Turkiye Targeting $5bn in Trade With Nigeria, Also to Help in Fighting Terrorism
Nigeria will continue to play its big role for peace, stability in Africa, Tinubu declares Both nations agree to establish joint economy, trade c’ttee to facilitate the Turkish investment Nine bilateral agreements on defence cooperation, diplomacy academy, media and communication, education signed Deji Elumoye in Abuja
President of the Republic of Turkiye,
Recep Tayyip Erdogan, has disclosed his country’s commitment to a $5 billion trade volume target with
Nigeria, even as he hinted at his country’s resolve to help Nigeria fight insecurity.
According to him, discussions on the deal, among several others, have already commenced.
Erdogan, who stated this in Ankara, yesterday, at a joint press briefing with President Bola Tinubu,
who is in the country for a state Continued on page 8
Edun: FG Restoring Confidence in Power Sector, as N501bn Bond for Gencos is 100% Subscribed 5 generation firms sign N827bn deal, others pending Gencos pledge capacity expansion after settlement Payments to cover 290,644.84GW/ hr billed since 2015 Power grid collapses for second time in 2026, recovery completed LCCI: Incessant grid issues pose threat to businesses
Emmanuel Addeh in Abuja and Peter Uzoho, Dike Onwuamaeze in Lagos The federal government yesterday announced the successful issuance
of a N501 billion inaugural bond for Generation Companies (Gencos) under the Presidential Power Sector Debt Reduction Programme (PPSDRP), recording 100 per cent Continued on page 8
TINUBU IN ANKARA...
President Bola Ahmed Tinubu (left) and Turkish President, Recep Tayyip Erdoğan on Tuesday after both countries agreed to a $5 billion trade volume and signed nine bilateral agreements covering Diaspora Policy, Defence Cooperation, Economy and Trade, Halal Quality Infrastructure, Higher Education, Media and Communication, Education, the Foreign Affairs Academy, and Social Services and Development