Africa has the assets to close infrastructure funding gap, says Standard Bank

Africa has the capacity to bridge its infrastructure funding gap by unlocking the value of its own revenue-generating assets, according to Standard Bank’s Global Head of Energy and Infrastructure, Dele Kuti.

Speaking at a high-level forum in Dar es Salaam on Wednesday, August 5, 2026 Kuti said the continent already possesses the assets and capital needed to finance transformative infrastructure projects, provided they are effectively structured and leveraged.

The event brought together senior government officials, financial institution executives and business leaders to discuss innovative financing solutions under the theme, “Reinvesting for Expansion: Recycling as a Catalyst for Growth.”

Kuti said commercial banks have a critical role to play by developing innovative financing models that directly link infrastructure assets to their funding, with institutions such as the African Development Bank (AfDB) helping to mobilise long-term investors once projects are underway.

He also urged African countries participating in Africa50 to establish investment platforms that clearly identify bankable projects and connect them with available capital, saying such mechanisms would accelerate infrastructure development across the continent.

“The capital is available, the opportunities exist, and commercial banks are ready to provide short-term financing that can quickly kick-start transformational projects while long-term funding is being secured,” Kuti said.

Fed Govt orders varsities to expel students linked to kidnapping

The Federal Government has directed vice-chancellors, rectors and provosts of tertiary institutions to dismiss, after due investigation, any student involved in kidnapping or related crimes.

The Minister of Education, Tunji Alausa, gave the directive during a meeting with the Pro-Chancellor, Governing Council and management of the Federal University of Lafia, yesterday.

In a statement by his Special Adviser on Media and Communications, Ikharo Attah, the minister said: ‘Any student found culpable, after due investigation, of planning or participating in the kidnapping of fellow students has no place in our tertiary institutions. Such individuals must be dismissed. Our campuses must never become safe havens for criminal elements.’

He said Nigeria’s universities, polytechnics and colleges of education were largely safe, but recent isolated cases involving students outside campuses showed the need for stronger intelligence gathering and closer collaboration with security agencies, including the Department of State Services (DSS).

Alausa reiterated that no public institution should negotiate with or pay ransom to kidnappers, warning that doing so would encourage criminality. He directed governing councils to establish internal intelligence mechanisms, saying he had met the Minister of Defence, Gen. Christopher Musa (rtd.), to strengthen the Safe Schools Initiative nationwide.

On infrastructure, the minister said the Federal Government would fund security upgrades, including perimeter fencing, in tertiary institutions through TETFund’s 2027 intervention programme, and urged eligible institutions to apply early. He also reaffirmed plans to expand the Energising Education Programme with the Federal Ministry of Power for institutions needing more electricity capacity.

Earlier, the Pro-Chancellor of the Federal University of Lafia, Dr Adebimpe Adebajo, commended the Federal Government’s support to the institution but identified inadequate hostel accommodation, power supply to its second campus and insecurity as major challenges. She said some students were suspected of involvement in off-campus kidnapping activities, adding that the university opposed ransom payment because it would embolden criminals.

The Vice-Chancellor, Prof. Mohammed Isa Kida, commended the minister’s reforms and appealed for the Energising Education Programme to be extended to the university’s second campus, along with additional office space and staff. Alausa advised the university to submit formal requests for consideration under the relevant programmes.

’Go and make it,’ Peller, Jarvis slam critics over wedding backlash

TikTok couple Peller and Jarvis have responded to critics of their recent traditional wedding, urging them to focus on their own lives rather than express jealousy.

The couple tied the knot on Saturday in a ceremony that sparked widespread reactions on social media.

In a video posted online, the pair appeared cheerful as they danced and sang, mocking those who questioned their decision to marry young.

‘Na we dey love, na them dey cry. Go and make it. No dey jealous. Na we dey buy car. You will run mad. Stop thinking,’ they sang in the now-trending clip.

The Nation reports that Peller and Jarvis’ wedding became one of the most talked-about events on Nigerian social media over the weekend.

The ceremony drew congratulatory messages from fans and fellow content creators.

However, it also attracted criticism from some Nigerians who argued that the couple was too young to be getting married.

Both Peller and Jarvis are prominent TikTok creators with millions of followers.

They have been open about their relationship on social media and frequently share content together.

Victory critical to state’s future, says Basiru

The National Secretary of the All Progressives Congress (APC), Senator Ajibola Basiru, has described the August 15 Osun governorship election as critical to the state’s future, urging party members to brace up for the task ahead.

In a statement issued on Tuesday after a high-level strategic meeting at the APC National Secretariat in Abuja, Basiru called on party leaders to intensify mobilisation efforts, remain united, and work tirelessly to secure victory for the party’s candidate, Asiwaju Munirudeen Bola Oyebamiji (AMBO).

He charged party faithful and supporters to stay focused, law-abiding, and committed to democratic values, while encouraging eligible voters to participate peacefully in the poll.

According to the statement, party leaders at the meeting reaffirmed their unwavering commitment to the APC and expressed confidence in its growing acceptance across the state. They stressed that their collective experience, capacity, and resolve would be fully deployed to ensure a successful, issue-based, and peaceful campaign.

The meeting also reviewed the party’s preparedness for the election, deliberating on strategies to strengthen grassroots mobilisation, enhance voter engagement, consolidate party unity, and ensure a coordinated campaign across all local government areas and wards in the state.

Basiru expressed optimism that Osun is poised for a new era of purposeful leadership, inclusive governance, sustainable development, and shared prosperity under Oyebamiji.

He concluded by reminding members that the election is not just about winning power but about shaping the future of Osun State, urging them to redouble their efforts to deliver victory for the APC.

Group urges Fed Govt to tap bamboo resources for cleaner environment

The Made in China Goods Traders Association of Nigeria (MICGTAN) has called on the Federal Government to prioritise the development and utilisation of Nigeria’s vast bamboo resources as part of efforts to promote environmental sustainability, reduce carbon pollution and unlock new economic opportunities.

Its National President, Oluwole Adigun Samuel, made the appeal in Abuja while outlining the association’s plans to convene a national stakeholders’ conference on bamboo development and its role in climate change mitigation.

Adigun, in a statement, said bamboo has enormous environmental and economic potential that remains largely untapped in Nigeria despite growing global recognition of the plant as a renewable resource capable of absorbing significant amounts of carbon dioxide and supporting green industrial growth.

According to him, deliberate government policies aimed at promoting bamboo cultivation, processing and value-chain development would not only contribute to cleaner air but also create employment opportunities, stimulate local industries and support the country’s climate commitments.

He stressed that countries across Asia have successfully leveraged bamboo as a sustainable raw material for furniture production, construction, paper manufacturing, textiles and renewable energy, noting that Nigeria stands to benefit from similar investments.

‘We believe bamboo is one of Nigeria’s most under-utilised natural resources. Beyond its environmental benefits, it can drive industrial growth, generate jobs and contribute meaningfully to the nation’s transition to a green economy,’ Adigun said.

The MICGTAN president appealed to relevant ministries, agencies, development partners, research institutions and private sector organisations to collaborate with the association in organising a national stakeholders’ conference that would bring together policymakers, investors, environmental experts and industry players to develop practical strategies for expanding bamboo utilisation across the country.

He noted that the proposed conference would serve as a platform for knowledge sharing, investment promotion and policy dialogue aimed at positioning bamboo as a strategic resource for sustainable national growth.

Adigun also urged the Federal Ministries responsible for environment, agriculture, industry and trade to work together in developing policies that encourage commercial bamboo plantations, value addition and local manufacturing.

The association also expressed profound appreciation to the Government of the People’s Republic of China, the International Bamboo and Rattan Organisation (INBAR), the International Centre for Bamboo and Rattan (ICBR), and China Aid for providing the opportunity to participate in the recently concluded international conference on ‘Bamboo as a Substitute for Plastic Initiative’ held in Beijing, China.

The international conference brought together 45 participants from eight countries: Nigeria, Liberia, The Gambia, South Africa, the Philippines, Laos, Indonesia and Moldova, providing a platform for cross-country collaboration, knowledge exchange and the sharing of best practices on bamboo development and sustainable alternatives to plastic.

The Nigerian delegation comprised Akinyemi Akanji, Olusehinde Olatunji, Olorunfemi Olusola and Sowande Olusiji, all from the Federal University of Agriculture, Abeokuta (FUNAAB), as well as Oluwole Adigun Samuel and Ayobami T. Oladahunsi of the Made in China Goods Traders Association of Nigeria (MICGTAN).

Adigun gave special recognition to Consul General of the People’s Republic of China in Lagos, Ms Yan Yuqing, for her exceptional support and kindness in facilitating the Nigerian delegation’s participation at the conference. He described the experience as invaluable, noting that it exposed participants to global best practices and innovative strategies for promoting bamboo as a sustainable alternative to plastic.

‘We are sincerely grateful to the Chinese Government, China Aid, INBAR and ICBR for organising and supporting this important global initiative. We are particularly indebted to Mrs. Yan Yuqing, the Consul General of China in Lagos, whose goodwill and support made it possible for us to be part of this landmark conference in Beijing. The knowledge gained will greatly contribute to our efforts to promote bamboo development and environmental sustainability in Nigeria,’ Adigun stated.

He maintained that with increasing global concerns over climate change and carbon emissions, Nigeria cannot afford to overlook the opportunities presented by bamboo as a renewable resource capable of improving environmental quality while supporting economic diversification.

The association reaffirmed its commitment to promoting environmentally friendly initiatives and expressed its readiness to partner with government institutions, development agencies and other stakeholders to advance the sustainable development of Nigeria’s bamboo industry.

Tanzania’s National Housing is redeveloping aging buildings in Sh535 billion project

The National Housing Corporation (NHC) is redeveloping ageing properties across the country through public-private partnerships (PPPs) worth Sh535 billion, as it seeks to unlock the value of underutilised public assets while creating modern commercial and residential developments.

The programme has expanded to 62 projects nationwide, transforming old buildings in prime urban locations into new business and housing complexes expected to stimulate economic activity, create jobs and improve city landscapes.

NHC Public Affairs and Information manager Mr Yahya Charahani said the corporation’s redevelopment strategy had progressed from planning to implementation, with several projects already completed and many others nearing completion. ‘Out of the first 21 projects, five have been completed and are already operational. Businesses have moved in and some developments are now occupied,’ he told The Citizen.

He said the projects demonstrate how partnerships between the public and private sectors can maximise the value of government-owned land by combining it with private investment, technical expertise and innovation.

‘Through these partnerships, we are transforming underutilised properties into productive assets that contribute to economic growth while providing modern facilities for businesses and residents,’ he said.

According to Mr Charahani, the first phase comprises 21 joint venture projects whose agreements were signed between April and October 2024. Valued at about Sh179 billion, the projects have implementation periods of between two and three years.

NHC’s progress report shows that several developments have already been completed, while most are at advanced stages of construction. Of the 21 projects, three have been completed, 10 have exceeded 80 percent completion, four are between 50 and 79 percent complete, and the remaining four are below the halfway mark.

He said the progress achieved in the first phase had laid a solid foundation for expanding the programme.

Following its initial success, NHC has added another 41 projects, bringing the total number of developments under the programme to 62, with a combined investment value of Sh535 billion.

Among the completed projects is a nine-storey commercial building at Plot 1/19 on the corner of Uhuru and Congo streets in Kariakoo, Dar es Salaam, which is already occupied by businesses.

Kariakoo, Tanzania’s largest commercial hub, has become one of the programme’s key focus areas because of the growing demand for modern business premises.

For decades, many buildings in the area have struggled to meet the needs of a rapidly expanding commercial district, with ageing infrastructure, congestion and limited modern facilities posing challenges to traders and investors.

Under the redevelopment programme, obsolete buildings are being replaced with modern mixed-use developments incorporating office space, retail outlets and accommodation facilities.

Several other projects are nearing completion, including developments at Plot 13/44 on Aggrey and Sikukuu streets in Kariakoo and Plot 26/T on Rwagasore Street in Mwanza, both of which have reached about 99 percent completion.

Other developments in Kariakoo, including those along Congo and Tandamti streets, as well as in the Msimbazi and Swahili-Narung’ombe areas, have recorded progress of between 90 and 96 percent.

Mr Charahani said implementation of the second phase was already underway, with contractors undertaking demolition, site preparation and construction in several regions.

‘The second phase extends the benefits of the programme beyond Dar es Salaam, with projects underway in Mwanza, Arusha, Iringa and other regions to support urban development,’ he said.

He added that, beyond improving urban infrastructure, the projects are creating employment opportunities, with each development engaging between 60 and 80 construction workers during implementation.

Once completed, the new commercial and residential facilities are also expected to generate further employment and business opportunities across the country.

PCA, Mitsui set farm trial to boost coconut yield

The Philippine Coconut Authority (PCA) has signed an agreement with Japan’s Mitsui Group to test nanotechnology for coconut farms, boosting productivity for the country’s largest agricultural export.

Following eight months of discussions, the PCA and Mitsui signed a memorandum of agreement (MOA) on July 27 to create a two-year field trial that will utilize nanotechnology in improving the yield and tree health of the country’s coconuts.

Under the MOA, Mitsui will provide their proprietary nano-formulated nutrient technology, while the PCA will determine trial sites for the implementation of the project.

PCA administrator and CEO Dexter Buted said the initiative opens avenues for the country’s coconut sector by introducing agricultural technologies that could improve productivity, tree health and farm resilience.

‘If the technology proves effective, it can help our coconut farmers produce more with fewer inputs while making the industry more globally competitive,’ he added.

The proprietary formula delivers nutrients directly to the coconut tree, unlike conventional fertilizers which are spread out on the soil.

Tiny capsules containing nutrients and crop protection materials will be injected directly into the trunk, allowing better absorption while also using less nutrient solution.

The agency noted that the Japanese technology has successfully been used in palm oil plantations to manage pest infestations.

For his part, Agriculture Secretary Francisco Tiu Laurel Jr. said modernizing the coconut sector would provide stronger income to rural communities, improve export earnings and generate economic opportunities for coconut stakeholders.

‘Investments in innovation such as this will help ensure that our biggest agricultural export remains globally competitive,’ he added.

Exports of coconut-based products last year rose by 34 percent to an all-time high of $3.57 billion from $2.66 billion in 2025, according to the Philippine Statistics Authority.

The PCA said earlier that it expects another record high result this year, despite the threat of below-normal rainfall activity due to the El Niño weather event.

DepEd preparing master plan for AI in schools

The Department of Education (DepEd) is preparing a master plan to ensure teachers and learners are ready for the implementation of artificial intelligence (AI) in schools, according to Education Secretary Sonny Angara.

In an interview with The STAR’s ‘Truth On The Line’ last Monday, Angara said the AI master plan is part of President Marcos’ directive in his fifth State of the Nation Address (SONA) to equip Filipinos with the skills needed for emerging technologies.

‘We are in the process of really coming up with a master plan. The master plan involves all our teachers being conversant with AI. And once they’re conversant, they will be able to teach AI. So, as the President said in his SONA, 1.8 million of our students and the teachers have learned the basics of AI,’ Angara said.

The DepEd is also tapping the private sector to strengthen the digital literacy of teachers and students.

According to Angara, private partners such as Khan Academy and Ayala Foundation will be providing advanced AI tools at lower costs or even for free.

‘They gave us their AI for free for teachers. On the part of DepEd, we have to push our teachers to really utilize these free technologies. Otherwise, it’s a waste,’ he said.

Acknowledging resistance from some teachers’ groups on the use of AI, Angara maintained that AI should be seen as a tool that supports, rather than replaces, educators.

‘They don’t want to turn on the AI. Because when you turn on the AI, you’re monitoring the use of the teacher. And sometimes, the role of the teacher also has to evolve. Unlike before, where the teacher is like an oracle. It means that all the information, all the knowledge, passes through him,’ he said.

‘Now, the world is not like that anymore. Everything humanity knows is practically online already. So, the teacher is more of a facilitator or a gatekeeper,’ he added. ‘They feel that they’re losing control in a way. But I don’t think they should see it that way. I think they should see it as a way that their life is being life-enhancing. These technologies are life-enhancing.’

ARAL funds

In a separate engagement, Angara has also asked Congress to allocate a separate budget to fund the compensation of DepEd teachers serving as tutors under the ARAL Program, citing the need for clear legal authority and corresponding budget cover.

In his letter to congressional education leaders, Angara said DepEd had studied possible compensation options, with initial estimates showing that a uniform-rate scheme would require around P4.307 billion, while a prime hourly teaching rate-based approach would require at least P7.266 billion.

He cited the vital role of teachers in implementing ARAL, which provides targeted learning recovery support to learners who need additional help in reading, mathematics and other foundational competencies.

Angara said that under Republic Act 12028, or the ARAL Law, and the Fiscal Year 2026 General Appropriations Act, compensation for DepEd teachers serving as ARAL tutors may only be provided in accordance with existing legal and budgetary provisions.

He added that it authorizes compensation for DepEd teachers in the form of overload pay after they have rendered the prescribed six hours of actual classroom teaching.

The FY 2026 budget also does not provide a separate appropriation for ARAL tutor compensation regardless of teaching load, apart from existing allocations for overload pay and the engagement of external tutors.

‘The DepEd position is clear: we want to support and recognize the additional work of our teachers in the ARAL program. But we also need to comply with the law and the funds provided to us. We will provide compensation if there is a clear legal basis and sufficient budget for it,’ Angara said.

He vowed to continue working with Congress, the Department of Budget and Management and other concerned agencies to strengthen ARAL implementation, ensure compliance with the law and the national budget.

‘We will not abandon children who need extra help in learning, nor will we neglect the welfare of teachers who help them. What is needed is a sound policy, clear guidelines, and sufficient funding to make implementation sustainable and equitable,’ he said.

Political rascality can’t stop governor’s re-election, says Davido

Afrobeat star David Adedeji, popularly known as Davido, has declared that no amount of political intimidation-what he described as ‘political rascality’-will prevent Governor Ademola Adeleke from securing re-election in the August 15 governorship election.

Davido, who serves as Chairman of the Imole Youth Campaign Council, expressed confidence that the electorate would return his nephew, the incumbent governor, for a second term.

Speaking at the inauguration of Imole Youth Canvassers in Osogbo Federal Constituency yesterday at Adeleke’s campaign office, he charged youths to mobilise new and undecided voters to support Adeleke, citing the governor’s massive infrastructure projects across the state.

Represented by his deputy, Kayode Olododo, Davido said:

‘Let us be courageous, not minding the current political rascality by some bad losers. Our message is clear to the people of Osun State. We need to tell them what Adeleke has achieved in such a short time. Osogbo Federal Constituency has benefited from this administration in infrastructure and other areas. The youths are better represented in his government than in the previous administration. You are young and useful, so I urge you not to fight anyone but to win the hearts of undecided voters.’

He urged the newly inaugurated mobilisers to take the campaign to the grassroots, engage young voters, and ensure that Adeleke’s achievements are effectively communicated to the electorate.

Earlier, the Director of Operations of the Campaign Council, Dr Musthofa Adebayo, highlighted the role of the canvassers, saying:

‘We are the engine room of this campaign. We are the force that will carry the Imole message to every doorstep and ensure no vote is left behind.’

He added: ‘The Osogbo Federal Constituency youths are ready to deliver victory for Imole, to continue good governance in unity and prosperity for our dear state.’

We’ll preach in buses despite bill, PFN tells Senate

The Pentecostal Fellowship of Nigeria (PFN) yesterday vowed to continue preaching in commercial vehicles across the country despite a controversial provision in the proposed Federal Road Safety Corps (FRSC) (Amendment) Bill, 2026, prescribing a ?50,000 fine for anyone convicted of hawking, trading or preaching in commercial buses.

Declaring that the church would not be intimidated, PFN President Bishop Wale Oke said Christians were prepared to face arrest and imprisonment rather than abandon what he described as their divine mandate to preach the gospel.

The proposed amendment has triggered nationwide debate, with religious organisations, lawyers and other stakeholders divided over whether the provision is a legitimate road safety measure or an infringement on the constitutional right to freedom of religion.

Speaking on Channels Television’s The Morning Brief on Wednesday, Oke insisted that no legislation could override the biblical command for Christians to evangelise.

‘We will preach in buses. If they want to imprison us, let them come and arrest us. We are coming. We will preach in buses; they cannot stop us,’ he said.

The cleric, who also leads Sword of the Spirit Ministries International, said preaching in public places, including commercial buses, remains one of the church’s most effective means of reaching people.

According to him, Christians would continue to proclaim the gospel irrespective of the consequences.

Defending comments he made in a viral video, Oke declared: ‘Make all the stadiums in Nigeria become a prison if you want to enforce that law. We are coming. We will preach in buses; we will preach everywhere.’

He described the proposed provision as an attack on the Christian faith rather than a genuine road safety initiative.

According to him, Nigeria’s Constitution guarantees freedom of religion and gives every citizen the right to profess, practise and propagate his or her faith.

The PFN president urged lawmakers to delete the controversial provision before the bill is passed.

However, the Senate has rejected claims that the amendment seeks to outlaw Christian preaching.

In a statement, the Upper Chamber explained that the provision is not new, noting that similar restrictions have existed since the enactment of the FRSC (Establishment) Act, 2007.

According to the Senate, the prohibition appeared as Item 36 of the Second Schedule to the 2007 Act and has merely been retained as Item 49 in the amendment bill currently before the National Assembly.

It also cited Regulation 220 of the National Road Traffic Regulations, 2012, which contains similar provisions regulating activities considered unsafe inside commercial vehicles.

The Senate maintained that the objective of the amendment is to improve road safety by discouraging activities capable of distracting drivers, obstructing passengers or creating avoidable risks during transit.

It stressed that the legislation is not intended to prohibit street preaching, open-air crusades, evangelism in markets or any other lawful religious activity outside commercial vehicles.

The Senate also clarified that the bill did not originate from Senate Leader Opeyemi Bamidele, explaining that it was passed by the House of Representatives and transmitted to the Senate for concurrence.

It urged religious bodies, civil society organisations and other stakeholders to take advantage of the legislative process by presenting their views before the bill is finally considered.

The controversy has continued to elicit mixed reactions across the country.

While some religious leaders insist that preaching should not be criminalised under any guise, supporters of the amendment argue that commercial vehicles are confined spaces where passengers should not be subjected to unsolicited religious messages or activities capable of distracting drivers.

Legal practitioners have also urged lawmakers to ensure that any restriction imposed in the interest of public safety is narrowly tailored and consistent with the constitutional guarantees of freedom of religion, freedom of expression and freedom of movement.

Observers say the debate underscores the delicate balance lawmakers must strike between protecting the rights of citizens to freely practise their religion and ensuring the safety and comfort of commuters on Nigerian roads.

With the Senate still considering the bill, attention is expected to shift to public hearings where religious organisations, transport operators, legal experts and road safety stakeholders are likely to canvass divergent positions before the legislation is finalised.