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Chinese bank approves $254.76m loan for Kano-Kaduna railway

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The China Development Bank has announced the approval of a $254.76m (€245m) loan to support the Kano-Kaduna railway project in Nigeria.

According to information released on its website on Tuesday, the financial backing is expected to ensure the seamless continuation of the construction work.

It said on its website, “China Development Bank released on Tuesday that the bank has recently granted a loan of 245m euros ($254.76m) to the Kano-Kaduna railway project in Nigeria, providing financial support for the smooth progress of the project.”

The railway, a standard-gauge line stretching 203 kilometres, will link Kano, a key commercial city in northern Nigeria, to the nation’s capital, Abuja.

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Once operational, it will provide residents with a safer and more efficient mode of transport, improving regional connectivity.

In addition to easing transportation, the project is expected to spur economic growth by fostering the development of industries along its corridor.

It is also set to create numerous employment opportunities during its construction and subsequent operations.

The Kano-Kaduna railway has been listed as a practical cooperation project under the Third Belt and Road Forum for International Cooperation.

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The project is being executed by the China Civil Engineering Construction Corporation and financed by the CDB.

According to the bank, construction is progressing well. The CDB reiterated its commitment to working closely with the Nigerian government to ensure the disbursement of funds and effective management of the next phases of the project.

The China Exim Bank, who was to be the funder of this project, backed off, with Nigeria announcing the CDB as the new financier.

The CDB noted, “Going forward, it will closely coordinate with Nigerian partners to ensure the smooth disbursement of subsequent loans and effective post-loan management.”

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Last year, President Bola Tinubu assured that the Ibadan-Abuja-Kaduna-Kano railway project would be completed to satisfaction.

The Federal Government hopes that the ongoing construction of the Kaduna to Kano rail line will be completed before the end of this year.

About N44.4bn has been budgeted this year for the completion of the Abuja-Kaduna Railway project, Lagos-Ibadan railway, and other railway projects across the country.

The Foreign Minister of the People’s Republic of China, Wang Yi, is scheduled to arrive in Abuja on Wednesday for an official visit.

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During the visit, Yi, who is a member of the Political Bureau of the Central Committee of the Communist Party of China, will engage in discussions aimed at strengthening ties between Nigeria and China.

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Primaries:”You’ve no right to declare winners, APC chairman tells state primary electotoral chairmen, insists only NWC can declare winners

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The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has declared that no state chapter or electoral committee of the party has the authority to announce winners of the party’s ongoing primary elections, insisting that only the National Working Committee (NWC) can ratify and officially declare results.

Yilwatda made the clarification on Sunday night in an interview with a national tv station.

According to the APC chairman, all results from the primaries conducted across the country must be transmitted to the party’s national headquarters in Abuja, where the NWC will carry out final verification before any winner is officially recognized.

“The states cannot announce winners until the NWC gives its verdict,” he stated during the live interview, stressing that the party’s constitution and internal guidelines place the final authority for primary election declarations on the national leadership.

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The directive effectively nullifies several results already announced by state chapters and local collation committees following the recently concluded primaries.

The development comes amid growing controversies trailing the APC primaries in some states, with allegations of irregularities and manipulation emerging from different camps.

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Rep Ugochinyere Alleges Plot to Frame Him, Warns Against Move to Silence Opposition Parties

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…accuse police unit of abducting constituents, as he appeal to IGP, PSC to intervene

By Gloria Ikibah

Member representing Ideato North and South Federal Constituency of Imo State in the House of Representatives, Ikenga Imo Ugochinyere, has accused some officers attached to the Tiger Base and Violent Crime Response Unit of the Imo State Police Command of abducting and torturing his constituents in what he described as an attempt to implicate him in criminal activities.

Speaking at a press conference in Abuja on Monday, the lawmaker alleged that some of the detained individuals were being forced to make statements linking him to terrorism, gun-running and murder.

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He said: “Imo police are abducting my constituents and torturing them in a bid to frame me for frivolous criminal allegations, terrorism, gun-running and murder,” Ugochinyere alleged.

“They are creating fear and uncertainty in Imo State and attempting to intimidate opposition voices ahead of the elections.”

The federal lawmaker claimed that the activities of some officers attached to the controversial Tiger Base unit had turned the police structure into what he described as a tool for political persecution.

He appealed to the Inspector-General of Police and the Police Service Commission to intervene urgently and investigate the officers involved, particularly those allegedly linked to unlawful arrests, extortion and torture.

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Ugochinyere also raised concerns over what he described as a coordinated attempt to deregister opposition political parties through the courts ahead of the 2027 elections.

He mentioned parties including the African Democratic Congress, Accord Party, Action Peoples Party and the Zenith Labour Party as groups allegedly targeted in the legal action.

According to him, the move was aimed at shrinking the political space and frustrating opposition candidates ahead of future elections.

“What kind of anarchy do you want this country to go through?” he asked.

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“You cannot deregister political parties a few months to elections and expect Nigerians to fold their arms. You are playing with fire”, he added.

The lawmaker warned that any attempt to eliminate opposition parties through judicial means could create political instability and undermine democratic participation.

He, however, commended the Court of Appeal for suspending proceedings in the case seeking the deregistration of some political parties.

Ugochinyere praised the appellate court judges for granting a stay of proceedings against a Federal High Court ruling he claimed had raised serious constitutional concerns.

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“The Constitution is clear. Once a party wins even one councillorship seat, deregistration does not arise,” he stated.

He cited Section 225A of the Nigerian Constitution, maintaining that parties which had secured elective positions could not legally be deregistered.

The lawmaker also urged the Independent National Electoral Commission not to challenge a recent Federal High Court judgment relating to aspects of the electoral timetable, warning that further legal disputes could heighten political tension ahead of the elections.

“The country cannot afford confusion at this critical moment.

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“Appealing this judgment will create tension, uncertainty and doubts about the credibility of the elections,” he said.

In his closing remarks, Ugochinyere appealed to President Bola Ahmed Tinubu, the Chief Justice of Nigeria, security agencies and the National Judicial Council to protect democratic institutions and prevent what he described as attempts to weaken opposition politics through intimidation and exclusion.

“Democracy is about participation, not exclusion.
“You don’t claim to be popular while running around disqualifying opponents, deregistering parties and framing critics with criminal allegations”, he said.

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SEDC Launches Venture Capital Drive to Unlock South-East Business Growth

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By Gloria Ikibah

The South East Development Commission has commenced the grand finale of its inaugural South East Venture Capital Programme, marking a major step towards expanding access to investment funding for emerging businesses across the region.

The event, taking place at the International Conference Centre in Enugu, features 50 finalist ventures selected from more than 1,200 applications submitted by entrepreneurs from across the South-East and other parts of the country.

According to the Commission, the initiative forms part of a broader strategy aimed at creating sustainable investment structures for innovation-driven enterprises and strengthening the region’s economic competitiveness.

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The finalists emerged after a rigorous selection process involving video pitch reviews, phased assessments and judging rounds. The businesses were grouped into two categories, the Accelerator Track for ventures with measurable market traction and the Incubation Track for early-stage startups with strong growth potential.

Ahead of the final presentations, participants underwent an intensive investment-readiness bootcamp in Enugu focused on business development, investor engagement and pitch refinement.

Speaking before the grand finale, the Managing Director and Chief Executive Officer of the Commission, Mark Okoye, described the programme as a strategic economic intervention rather than a routine competition.

“What is taking place here is not simply a startup pitch event. It is the deliberate construction of institutional capital infrastructure for the South East. For far too long, exceptional entrepreneurial talent in this region has operated without the kind of structured financial backing required to scale sustainably. The South East Venture Capital Program is our response to that gap, carefully designed to create long-term pathways for capital, innovation, and enterprise growth,” he said.

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The 30 successful ventures selected from the finale will be unveiled during the inaugural investment ceremony scheduled for Tuesday, May 26, 2026. The selected businesses are expected to receive structured early-stage investment support under the South East Venture Capital Fund.

The Commission explained that the Fund was established to tackle one of the region’s longstanding economic challenges, limited access to institutional startup financing. It added that the investment framework is expected to attract up to $50 million in blended financing from public institutions, development finance partners, private investors and diaspora contributors over time.

Also speaking, the Executive Director of Finance at the Commission and Chairman of the South East Venture Capital Programme, Stanley Ohajuruka, said the initiative had already demonstrated the depth of entrepreneurial talent within the region.

“What this programme has demonstrated very clearly is the depth of entrepreneurial ambition that exists across the South East. The volume and quality of participation affirm that there is no shortage of high-potential ventures in the region. The challenge has always been creating credible structures through which promising ventures can access early support, build investor confidence, and progress toward scale. This initiative is an important first step in building that bridge between enterprise and capital,” he stated.

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The programme aligns with the Federal Government’s economic agenda focused on enterprise development, innovation and job creation under the Renewed Hope initiative.

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