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FG Floats N1trn Infra-Co to Tackle Infrastructure Deficit

President Muhammadu Buhari has approved the establishment of a Public Private Partnership (PPP), styled Infrastructure company named Infra-Co with an initial seed capital of one trillion naira.

President Muhammadu Buhari
Mr Buhari has also asked Vice President Yemi Osinbajo to chair a Steering Committee tasked with setting up the company.
Laolu Akande, Mr Osinbajo’s spokesman, in a statement on Friday in Abuja, said it was envisaged that over time, the entity would grow up to N15 trillion in assets and capital.
Infra-Co will be one of the premier infrastructure finance entities in Africa and will be wholly dedicated to Nigeria’s infrastructure development.
The entity has been developed with concept designs from the National Economic Council (NEC) and the Central Bank of Nigeria (CBN).
The initial seed capital for the entity will come from the CBN, the Nigerian Sovereign Investment Authority (NSIA), and the Africa Finance Corporation.
The board of Infra-Co will be chaired by the Central Bank Governor and include the Managing Director of NSIA, and President of the Africa Finance Corporation.
Others in the board are representatives of the Nigerian Governors Forum, and the Ministry of Finance, Budget and National Planning.
The Board will also have three independent directors from the private sector.
To address infrastructure deficit, the Federal Government continues to explore innovative options, including through financing initiatives such as the Presidential Infrastructure Development Fund (PIDF) designed to cater for the 2nd Niger Bridge, the Abuja-Kaduna-Zaria-Kano Expressway, among others.
There is also the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme which is being used for the funding of the Bodo-Bonny Bridges and Road (with the Nigeria Liquefied Natural Gas, NLNG).
The scheme is also used for funding of the Apapa-Oshodi-Oworonshoki Expressway (with Dangote Group), among others.
Infra-Co will finance public asset development, rehabilitation and reconstruction as well as invest in cutting edge infrastructure projects for roads, rail, power and other key sectors.
News
EFCC Seals Anti-Corruption Alliance with Anambra Security Chiefs, Traditional Rulers

In a strategic drive to bolster inter-agency and institutional synergy against economic and financial crimes, the Anambra Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has launched courtesy visits and awareness campaigns targeting key law enforcement agencies, judicial bodies, and traditional institutions in Anambra State.

On March 5, 2026, Acting Zonal Director ACE I Ofen-Imu Atiba Sunday led a delegation to: State Director of the Department of State Services (DSS), C. Anukposi; State Commandant of the Nigeria Security and Civil Defence Corps (NSCDC), Akachia Godwin; State Comptroller of the Nigeria Immigration Service (NIS), Umerah Timothy Nwanegbo; State Sector Commander of the Federal Road Safety Corps (FRSC), Bridget Asekhauno; State Commandant of the National Drug Law Enforcement Agency (NDLEA), Onubogu Charles Orakwue; and His Majesty, Igwe Chidubem Iweka, Eze Iweka III (Eze Ogalagidi), Eze Obosi and Chairman of the Anambra State Traditional Council, along with his cabinet.
The Acting Zonal Director stressed that combating corruption demands sustained cooperation among institutions and community leaders to boost intelligence gathering, prevention strategies, and enforcement. “Collaborative efforts among stakeholders, including community leaders, are essential to safeguarding Nigeria’s economic stability and future,” he declared.
Highlighting crime trends in the Directorate’s jurisdiction—covering Anambra and Imo States—Sunday noted that public sector corruption, land and property fraud, tax fraud, advance fee fraud, cybercrime, bank fraud, and open market abuses dominate.
Responses were uniformly positive. DSS State Director Anukposi pledged robust support, underscoring intelligence sharing and joint operations to counter threats to national security and economic stability.
NSCDC Commandant Godwin lauded the EFCC’s proactive stance, citing ongoing collaboration on illegal bunkering, vandalism of public assets, and oil theft.
NIS Comptroller Nwanegbo affirmed readiness to partner on border control, migration monitoring, and intelligence against transnational financial crimes.
FRSC Sector Commander Asekhauno hailed the EFCC’s push for accountability, urging use of the Corps’ database and sustained rule-of-law partnerships for national development.
NDLEA Commandant Orakwue committed to tackling criminal networks linking drug trafficking, money laundering, and economic crimes.
At the Eze Obosi’s palace, the monarch welcomed the EFCC’s outreach, decried corruption’s toll on communities, and vowed Traditional Council backing to instill ethics and integrity. He promised to rally other leaders for grassroots anti-corruption sensitization.
News
NCDC Issues Public Advisory on Cerebrospinal Meningitis

Nigeria Centre for Disease Control and Prevention (NCDC) has issued a Public Health advisory on the spread of Cerebrospinal Meningitis (CSM).

It said that the caution is particularly for states within the African Meningitis belt.
In a statement by the Corporate Communications Division of NCDC urged all Nigerians to remain vigilant and adopt preventive measures.
The statement said: “As Nigeria continues through the peak dry season months, the Nigeria Centre for Disease Control and Prevention (NCDC) alerts the public to the ongoing risk of Cerebrospinal Meningitis (CSM), particularly in states within the African meningitis belt.
“Cerebrospinal meningitis occurs more frequently between December and April, when dry, dusty conditions, overcrowding, and poor ventilation increase the risk of transmission.
“The NCDC urges all Nigerians to remain vigilant and adopt preventive measures. Surveillance and response activities remain ongoing nationwide, and laboratory testing is being conducted at the state level while national laboratory capacity is being strengthened.
It explained that Cerebrospinal meningitis is a serious infection of the protective membranes covering the brain and spinal cord.
According to NCDC the affliction is most commonly caused by bacteria, particularly Neisseria meningitidis.
“Bacterial meningitis can progress rapidly and may be fatal within hours if untreated.
“However, early diagnosis and prompt antibiotic treatment significantly improve survival and reduce complications. CSM spreads through respiratory droplets during close contact, especially in overcrowded or poorly ventilated environments.”
It said that symptoms to watch out for include sudden high fever, severe headache, and neck stiffness.
It said other symptoms may include: nausea or vomiting, sensitivity to light, confusion or altered consciousness and seizures.
For In infants and young children, NCDC said the symptoms could bulging soft spot on the head.
The Centre said that early recognition and treatment can save lives.
News
Report finds the Number of Trojan Banker Attacks on Smartphones Increased by 56% in 2025

According to a Kaspersky report “Mobile malware evolution,” the number of Trojan banker attacks on Android smartphones increased by 56% in 2025 compared to the previous year*.

This type of malware is designed to steal user credentials for online banking, e-payment services and credit card systems. Cybercriminals commonly distribute Trojan bankers through messaging apps, as well as through malicious webpages.
The number of new Trojan banker installation packages for Android (unique APK files) also increased sharply, reaching 255,090 packages – a 271% increase over 2024. This may indicate that these tools generate substantial profit for cybercriminals.
Kaspersky experts believe threat actors will continue both to expand delivery channels and develop new Trojan variants trying to evade detection by security solutions. Among all detected Trojan bankers, the leading families were Mamont and Creduz.
“Although Trojan bankers for smartphones are the fastest-growing type of malware, we also observed another important trend: preinstalled backdoors such as Triada and Keenadu appeared more frequently compared to previous years. People purchase completely new, but infected, Android devices and may be unaware of the threat.
Once integrated into the firmware fully functional preinstalled backdoors provide attackers with unlimited control over the victims’ smartphones and tablets. As a result, all information on infected devices can be compromised.
It’s quite difficult to remove such malware. If the device is infected, we recommend users check for firmware updates. After the update, run a scan of the device with a security solution again to make sure newly installed firmware is not infected,” comments Anton Kivva, malware analyst team lead at Kaspersky.
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