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FG Extends Invitation to Foreign Investors to Boost Power Sector

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Nigeria has extended invitation to foreign investors with the assurance that the electricity sector is ripe for investment and transformative growth.

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, extended the invite during his address at the African Energy Summit in Dar es Salaam, Tanzania.

Speaking to a gathering of selected investors and development partners ahead of the Africa Heads of State Energy Summit, Edun noted the government’s commitment to achieving macroeconomic stability, advancing clean energy goals, and ensuring universal energy access.

He described Nigeria’s power sector as a pivotal area for investment and collaboration, aligning with the country’s broader energy transition goals under the “Mission 300” initiative.

A statement from the ministry said Edun detailed the Federal government’s focus on ensuring energy security while pursuing the global shift toward sustainable energy solutions. According to the minister, the Nigerian electricity sector offers vast opportunities for foreign and domestic investors. With a focus on clean energy transition and grid modernization, the government aims to increase the capacity and reliability of the power sector, unlocking its potential to drive economic growth.

Edun also informed the audience that President Bola Tinubu would personally participate in the summit, signifying Nigeria’s commitment to leading conversations on energy access and clean energy in Africa. The president’s attendance is expected to strengthen collaborative efforts among African nations, investors, and development partners toward achieving the continent’s energy and climate goals.

“Nigeria’s electricity sector is poised for transformative growth, and investors are invited to be a part of this exciting journey,” Edun said. He expressed optimism that Nigeria’s robust investment climate, supported by the government’s economic reforms, would attract global stakeholders to help drive progress in the energy sector.

“With one of the largest populations in Africa, Nigeria’s demand for reliable electricity continues to grow, presenting immense opportunities for investment. The federal government has already taken steps to reform the power sector, focusing on expanding access to renewable energy sources, encouraging private-sector participation, and ensuring regulatory stability to attract investors.

“As President Tinubu is set to join the discussions, Nigeria aims to build on its energy ambitions, securing investments that will empower its citizens, strengthen the economy, and contribute to Africa’s clean energy future,” he said.

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Glo Extends “Borrow Me Credit” Services for Customer Inclusion

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National telecommunications operator, Globacom has extended its “Borrow Me Credit” service in a calculated move meant to guarantee that none of its customers will ever be disconnected because of a low or zero airtime balance.

According to a statement released by Globacom in Lagos, the service’s eligibility requirements have been simplified to offer millions of active prepaid consumers nationwide quick airtime and data solutions. The company made it clear that even though there is a service fee, the main objective is still to provide instant assistance whenever the customer’s balance is low.

The enhanced “Borrow Me Credit” service also allows subscribers to “Borrow Special Data “and additionally “Borrow Airtime/Data for Others”. This allows Glo customers to act as a lifeline for friends and family members who may be out of reach or unable to recharge immediately, further strengthening the bonds of the Glo community through shared connectivity.

“Whether it is an urgent business call, a late-night research project, or staying in touch with loved ones during an emergency, Glo’s “Borrow Me Credit” ensures that a low balance never results in a zero-communication experience,” the company hinted.

The service caters to a wide range of customer needs, with airtime and data denominations available from as low as N25 up to N4,000, ensuring flexible options for different usage requirements.

Globacom added that the structure of the service is designed to ensure higher borrowing limits to customers with stronger usage profile and greater engagement on the network.

By maintaining a consistent presence on the network, prepaid customers unlock various tiers of credit and data, ranging from basic emergency airtime to substantial Data Plans “Borrow Me Credit” ensures that the service is sustainable and provides the most frequent users with higher limits to match their digital lifestyle.

All eligible Glo prepaid customers are encouraged to explore the benefits of the “Borrow Me Credit” service by simply dialing *303# and choosing from the available airtime or data options. Customers can also visit the official Globacom website for more information regarding eligibility criteria and the service charge policy.

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Bandits Invade Kwara Community, Abduct Scores, Set Emir’s Palace Ablaze

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Suspected bandits have reportedly invaded the Yashikira community in Baruten Local Government Area of Kwara State, early this morning, setting the Emir’s palace ablaze and abducting several residents, including women and children.

It was gathered that the attack occurred late at night when the heavily armed assailants stormed the community, firing sporadically.

According to sources in the area, the gunmen attacked the palace during the invasion, setting parts of the royal residence on fire before whisking away multiple victims.

Residents said the attackers operated for hours without resistance, leaving behind destruction and fear in the border community.

Another local source described the incident as terrifying, noting that villagers were caught unaware as the gunmen invaded the town under the cover of darkness.

Sources say Security forces have launched immediate rescue operations to free victims of the Yashikira abduction, which occurred on Sunday night.

Military and police operatives have established a cordon in the area as part of the efforts to rescue about 10 persons who were reportedly taken from the community in an overnight attack on the palace of the Emir of Yashikira.

The police are yet to issue an official statement on the incident.

The development comes after bandits on Saturday night invaded a prayer ground at Ori-Oke Ajaiye, on the outskirts of Ikiran village in Ekiti Local Government Area of Kwara State, killing three worshippers and abducting 15 others during a vigil.

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Glo Celebrates Oba Adetona’s Legacies at Ojude Oba 2026

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Africa’s biggest corporate supporter of culture, Globacom, is commemorating the life and legacy of the late Awujale of Ijebuland, Oba Sikiru Kayode Adetona, at this year’s Ojude Oba Festival, marking the 21st consecutive year of its sponsorship of the cultural event.

This year’s edition, themed “Ojude Oba 2026: Celebrating the Legacy of Oba Sikiru Adetona,” is taking place at the Festival Pavilion opposite the royal palace in Ijebu Ode, Ogun State.

The celebration pays glowing tribute to the remarkable accomplishments of the late monarch, who transited on Sunday, July 13, 2025, after an illustrious reign spanning 65 years.

The departed monarch ascended the throne on April 2, 1960, and during his reign, the profile and prestige of the Ojude Oba Festival grew tremendously, making it one of Africa’s most celebrated cultural events.

In a statement issued in Lagos, Globacom posited that Oba Adetona’s unwavering dedication to preserving and promoting Ijebu culture, traditions, and values was a major factor behind the company’s continued support for the festival.

According to the company, “This year’s celebration goes beyond our traditional role as sponsor over the past two decades. It is an opportunity to honour the exceptional legacy of the revered monarch, Oba Adetona, whose vision and commitment elevated Ojude Oba to its present status.”

Globacom recalled that the late Awujale played a pivotal role in transforming the festival into a unifying platform that brought together Ijebu sons and daughters from across the world, regardless of religious affiliation.

This inclusive vision and royal leadership, said Glo,  inspired the company to begin sponsoring the festival 21 years ago. Over the years of Globacom’s sponsorship, Ojude Oba has evolved into a globally recognized cultural celebration, attracting thousands of visitors and dignitaries from within and outside Nigeria.

The company reaffirmed its commitment to sustaining its support for the festival as part of its broader objective of showcasing Nigeria’s rich cultural heritage to the world.

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