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USA Trip: Australia investors arrive Benue, submits PPP frame work for development of A10 GW Solar Photovoltaics Power Plants

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By Francesca Hangeior

Following His Excellency, Rev. Fr. Dr. Hyacinth Iormem Alia’s recent trip to the United States, a delegation of investors from Australia has arrived in Benue State to develop a 10 GW solar photovoltaic power plant.

The investors, Paul Camp and Richard Vargas of United Solar Energy, were received by Dr. Raymond Asemakaha, CFA, Managing Director of Benue Investment and Property Company Limited (BIPC), in the company of representatives of the Commissioner for Justice, Public Order and Attorney-General, Justin Gbagir, and representative of Commissioner for Transport and Power, Prof. Jonathan Uhaa.

The investors presented a comprehensive public-private partnership (PPP) framework for the project to the team, which scrutinised it and is to forward recommendations to the governor.

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The framework outlines the terms of the partnership that the state government is to provide suitable land that will cover the entire project, plus 15 years of environmental approvals and authorizations and a signed master schedule Power Purchase Agreement (PPA) for 25 years.

Other clauses include providing asset-backed green bond security, ISPO, commercially ensuring the viability of the project, and providing tax concessions, incentives, and financial grants.

The PPP agreement will also have the Benue State Government providing access to an incentive scheme on import tax and providing adequate infrastructure, among other conditions.

In return, the Australian investors will provide 100 percent funding, provide jobs for locals, up-skill local manpower, and re-skill unemployed youths in the state.

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After the scrutiny, the team is to forward submissions to Governor Hyacinth Iormem Alia, after which a memorandum of understanding will be signed virtually.

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Security operatives destroy Bello Turji’s food storage facility

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A school building in Fakai village, reportedly used as a food storage facility by the notorious bandit leader Bello Turji, has been destroyed.

The facility, which had been stocked with large quantities of food supplies, was completely razed, leaving the structure in ruins.

According to local sources, the school was repurposed by the bandits to support their operations in the region.

It served as a key logistical hub for storing essential supplies, ensuring the group’s ability to sustain its activities over time.

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The destruction of the stockpile is seen as a major setback for Bello Turji’s network. By eliminating a critical resource hub, the operation is expected to disrupt the group’s supply chain and hinder their ability to operate effectively in the area.

Counter-terrorism expert Zagazola Makama reported that the incident underscores ongoing efforts to counter the influence and operations of bandit groups in the region.

Residents of Fakai village and surrounding areas hope this effort signals further strides toward restoring peace and security.

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Trump launches his own meme coin, value soars

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President-elect Donald Trump launched his own cryptocurrency on Friday, sparking a feverish buying that apparently sent its market capitalization soaring to several billion dollars.

In a message posted on his Truth Social platform and X, Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend.

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” he wrote.

Meme coins have no economic or transactional value and are often seen as a means of speculative trading.

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“This Trump Meme celebrates a leader who doesn’t back down, no matter the odds,” the coin’s official site says.

In the hours following the overnight launch, the crypto community posed questions about the legitimacy of the $TRUMP coin, and its actual link to the president-elect, with some fearing a scam.

But the fact that the announcements came on Trump’s official social media channels seemed to reassure the market, as did the fact that Trump has used one of the companies behind the project, CIC Digital LLC, in the past to sell non-fungible tokens (NFTs).

By mid-morning on Saturday, the market capitalization for $TRUMP stood at nearly $6 billion, according to CoinMarketCap.com.

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Neither Trump nor the company managing the launch, Fight Fight Fight LLC, offered details about how much he made from the initial batch of meme coins released.

The coin’s official site said 200 million meme coins were issued, with Fight Fight Fight saying an additional 800 million would be added over the next three years.

Formerly a cryptocurrency skeptic, the president-elect is now a convert and has become a champion of the concept.

Before this new announcement, Trump and his sons Donald Jr. and Eric started their own crypto venture – World Liberty Financial – and other members of the incoming administration have previously disclosed investments in and backing for cryptocurrencies.

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Last summer, Trump spoke at a Bitcoin conference in Nashville, where he pledged to make America “the crypto capital of the planet” once back in the White House.

The meme coin is Trump’s latest merchandise push, which recently included a line of perfumes, colognes, watches and “President Donald J. Trump First Edition” silver coins selling for $100 each celebrating his election win.

He famously used a photo of him sitting next to first lady Dr. Jill Biden at the re-opening of Notre Dame Cathedral to promote the cologne line.

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IGP approves massive distribution of kits, uniforms to police officers nationwide

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The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, has again approved the distribution of new kits and uniforms to NPF personnel in the rank-and-file cadre, reaffirming his commitment to improving officers’ welfare and boosting their morale.

This initiative underscores his vision of enhancing improved working conditions and professionalism within the force.

Spokesman of the police, ACP Muyiwa Adejobi, who made the disclosure, noted that the IGP expressed optimism that, with the approval of the 2025 budget, more welfare-focused projects will be implemented to further support officers in carrying out their duties effectively.

“The Nigeria Police Force remains dedicated to maintaining a well-equipped and motivated workforce for the safety and security of all Nigerians,” he said.

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