General
$83m IFC-Backed Funding Boosts Nigeria’s Off-Grid Electricity Drive
By Adedapo Adesanya
Nigeria has secured $83 million in fresh financing to expand off-grid electricity supply as the country continues to shift towards decentralised power solutions to boost accessibility and alternative solutions.
The funding, backed by the International Finance Corporation (IFC) under the Distributed Access through Renewable Energy Scale-Up programme, is targeted at private developers deploying solar mini-grids and standalone systems in rural and underserved communities.
The agreement was signed during the 2026 Spring Meetings of the World Bank Group and IMF in Washington, marking a transition from small pilot projects to large-scale execution.
This intervention comes at a critical time, when Nigerians are tapping into solar alternatives as petrol prices continue to rise amid current Middle East disruptions.
According to the World Bank, about 85 million Nigerians, roughly 40 per cent of the population, still lack access to electricity. Even among those connected to the grid, supply remains unreliable. National output continues to hover between 4,000 and 5,000 megawatts, a level widely considered inadequate for an economy of Nigeria’s size.
The Head of the Nigeria Electrification Programme, Mr Olufemi Akinyelure, made it clear that the market is evolving beyond experimentation.
“This marks a shift from programme design to execution at scale. Distributed renewable energy in Nigeria is now a bankable market, not a pilot segment,” he said.
The $83 million facility is designed as a revolving debt model, combining concessional and commercial funding to provide long-term capital to developers. This approach reduces risk, improves access to finance, and allows projects to scale across multiple locations without repeated funding bottlenecks.
In practical terms, the first phase will support companies such as Darway Coast, PriVida Power, Prado Power, GVE Projects and StarTimes Smart Energy, while another group of developers is already lined up for the next round. The fund will allow the shortlisted firms to deploy power faster to communities that have waited decades for reliable electricity.
Backed by a $750 million World Bank facility, the initiative aims to reach over 17.5 million Nigerians by 2028 and deliver about 465 megawatts of distributed renewable energy capacity. Current data from the Nigeria Electrification Programme shows that more than 4.1 million people have already benefited, alongside the installation of over 175 mini-grids and 1.1 million solar home systems.
For many rural communities, it will help boost small businesses, healthcare delivery, and education. Traders can extend operating hours, clinics can preserve vaccines, and students can study beyond daylight. In areas where petrol and diesel generators dominate, the shift to solar also cuts fuel costs and reduces exposure to volatile energy prices.
According to the IFC Managing Director, Mr Makhtar Diop, the role of blended finance in unlocking scale helps address long-standing barriers within the energy ecosystem.
Special Adviser to the President on the Economy, Ms Sanyade Okolie, who represented the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the federal government sees investment as critical to lifting millions of Nigerians out of poverty.
She added that the focus remains on attracting capital that delivers measurable improvements in living standards.
“For Mr President, the priority is to transform the Nigerian economy in a way that lifts people out of poverty. People must feel the difference,” she said.
On his part, the Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, linked the programme to Nigeria’s ambition of building a one trillion-dollar economy, stressing that infrastructure, particularly power and digital systems, will determine how fast that target can be reached.
General
Tinubu Confirms Killing of Abu-Bilal Al-Manuki by Nigerian, US Forces
By Modupe Gbadeyanka
President Bola Tinubu on Saturday confirmed the killing of a senior ISIS leader, Mr Abu-Bilal Al-Manuki, in an overnight operation carried out by the United States and Nigeria.
President Donald Trump had earlier announced the elimination of the notorious terrorist via a post on his Truth Social.
Later, in a statement today, Mr Tinubu praised the action, describing it as “a significant example of effective collaboration in the fight against terrorism.”
“Our determined Nigerian Armed Forces, working closely with the Armed Forces of the United States, conducted a daring joint operation that dealt a heavy blow to the ranks of the Islamic State,” he said in the statement.
According to him, early assessments confirm the elimination of the wanted IS senior leader, Abu-Bilal Al-Manuki, also known as Abu-Mainok, along with several of his lieutenants, during a strike on his compound in the Lake Chad Basin.
He commended the partnership between Nigeria and America in waging war against terrorists, thanking his US counterpart “for his leadership and unwavering support in this effort.”
“I commend the personnel involved on both sides for their professionalism and courage, and I look forward to more decisive strikes against all terrorist enclaves across the nation,” the Nigerian leader added.
General
Nigeria Steps up AI Surveillance, Anti-Drone Systems for National Security
By Adedapo Adesanya
Nigeria is set to strengthen its defence architecture by deploying artificial intelligence-powered surveillance systems and advanced anti-drone technology as part of efforts to modernise the country’s military capabilities, according to the Minister of Defence, Mr Christopher Musa.
He disclosed this during a high-level visit to Monaco, where he led a Nigerian delegation to conclude discussions on the multi-domain Hybrid Intelligence Shield (HIS) project.
According to Mr Musa, the initiative is designed to enhance border security, protect urban centres and improve the country’s response to emerging security threats.
The project is expected to introduce AI-driven surveillance systems capable of identifying threats rapidly through smart algorithms, while anti-drone technology will be deployed to intercept and neutralise unmanned aerial threats.
The government also plans to establish national and regional command-and-control centres to improve real-time coordination and response to security incidents across the country.
Mr Musa said the initiative would place strong emphasis on technology transfer and local capacity development through the establishment of a military Centre of Excellence in Nigeria.
He added that the federal government would leverage partnerships with international firms, including Marss UK Ltd, while simultaneously building indigenous capabilities to address insurgency, illegal mining, piracy and other security threats.
Nigeria has continued to battle multiple security challenges in recent years, including insurgency in the North-East, banditry and kidnappings in the North-West, farmer-herder clashes in the North-Central region, crude oil theft in the Niger Delta and piracy in the Gulf of Guinea.
Nigeria is stepping up its defence as the border region of Nigeria, Benin and Niger on the southern edge of the Sahel region is becoming a new stronghold for jihadists, as militants turn forests and pastoral networks in West Africa into bases for recruitment and international attacks.
Attacks in Nigeria have also risen, with data from the website of the Armed Conflict Location & Event Data (ACLED), a conflict-monitoring group, affirming that the number of suicide bombings in Nigeria by March already matched the annual average over the past six years.
The Nigerian military has also been dealt a blow to its military bases and senior figures targeted. In April, Brigadier-General Oseni Omoh Braimah was killed when Islamist fighters attacked a base in Borno State.
To also meet the defence goal, Nigeria is stepping up efforts to build domestic arms-manufacturing capacity.
General
Nigeria, Morocco to Seal Atlantic Gas Pipeline Deal by Q4 2026
By Adedapo Adesanya
Nigeria and Morocco are set to sign a major intergovernmental agreement later this year to push forward the long-delayed Nigeria-Morocco Gas Pipeline project, a multi-billion-dollar energy corridor expected to reshape gas trade across West Africa and Europe.
The agreement, expected to be signed in the fourth quarter of 2026 by President Bola Tinubu and King Mohammed VI of Morocco, follows the completion of preliminary technical studies for the ambitious project, according to officials from both countries.
The pipeline, also known as the African Atlantic Gas Pipeline, is projected to stretch about 6,900 kilometres along offshore and onshore routes across West Africa, making it one of the largest gas infrastructure projects on the continent.
With an estimated cost of $25 billion, the pipeline is designed to transport up to 30 billion cubic metres of gas annually once completed.
Discussions on the project gained fresh momentum during a telephone conversation between Nigeria’s Minister of Foreign Affairs, Mr Bianca Odumegwu-Ojukwu, and her Moroccan counterpart, Mr Nasser Bourita.
The project would not only strengthen energy cooperation between the two countries but also improve regional economic integration and expand Africa’s access to European energy markets.
According to Morocco’s hydrocarbons and mining agency, ONHYM, part of the gas supply will support Morocco’s domestic energy demand, while large export volumes will be directed to Europe.
The project, first proposed about a decade ago, is seen as a strategic alternative gas supply route amid rising global energy security concerns and Europe’s search for more diversified energy sources.
Beyond the pipeline, Nigeria and Morocco are also exploring broader economic partnerships, particularly in fertiliser production and distribution to support food security across Africa.
Both countries also agreed on the need to revive the Nigeria-Morocco Business Council to strengthen trade and investment relations under the African Continental Free Trade Area framework.
Analysts noted that the project could significantly boost gas monetisation opportunities for Nigeria, expand regional infrastructure development, and deepen economic ties between West African nations and Europe if successfully executed.
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