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Business

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ICT

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Capital Market

NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

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Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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Insurance

Sovereign Trust Insurance Set for Market Leadership via N5bn Rights Issue

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Guinea Insurance Signals Recovery Momentum Amid Elevated Claims

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Mutual Benefits Pays ₦13.6bn Claims in Q1 2026, Reinforcing Trust in Insurance

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Mutual Benefits Customer to Nigerians: Embrace Insurance Because it Works

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NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Business

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ICT

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Capital Market

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Insurance

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Japan Supports North-East Rehabilitation with $1.5m

The Government of Japan has released $1,500,000 to fund community stabilisation activities in Nigeria’s North-East region. These funds will be utilised through an ongoing programme launched in 2016, implemented by the United Nations Development Programme in Nigeria.

The interventions being implemented in the region are aimed at supporting victims of Boko Haram insurgency in the three most affected States of Adamawa, Borno and Yobe.

This builds on on-going activities that the Government of Japan has been supporting which have facilitated the rehabilitation of 20 public infrastructures and provided emergency employment to more than 2,000 Internally Displaced People (IDPs) and returnees.

In addition, more than 4,000 farmers and over 1,000 small businesses were supported with inputs and capital that helped improve and expand their sources of livelihood. The Government of Japan has already invested USD6.5 million in North-East Nigeria stabilization activities.

The funding from the Government of Japan will be utilised within the framework of Integrated Community Stabilisation Programme which UNDP has been implementing in the region intended to directly benefit 125,000 people in the three States.

An additional one million people will indirectly benefit from interventions under the project. Implemented through an integrated approach, the project’s goal is to support over 2,200 farmers, 500 small businesses, 5 community public infrastructures and provide emergency employment to over 850 community members.

“Stabilisation efforts in North-East are helping families and communities begin to rely less on humanitarian aid and more on themselves. This support from the Government of Japan will go a long way in laying a foundation for development to take place again in the region,” said Khardiata Lo Ndiaye, acting UNDP Resident Representative. Ms. Khardiata added that meeting urgent early recovery needs of the crisis affected communities remained a huge challenge requiring more partners and investment.

Mr. Shigeru Umetsu, Chargé d’affaires ad interim of Japan to Nigeria, reassured that the Government of Japan will continue to support Nigerian people’s efforts aimed at restoring stability and livelihoods for the communities in in the North-East region.

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