NEWS
Quest Merchant Bank Named Transaction Advisor for Nigeria’s Landmark Project BRIDGE Digital Infrastructure Initiative
L-R: Project Lead, PIU Project Bridge, Jumoke Akande; Honourable Minister of Communications, Innovation and Digital Economy, Federal Republic of Nigeria, Dr. Bosun Tijani; Head, Investment Banking, Quest Merchant Bank, Yetunde Falore; Acting Managing Director/CEO, Quest Merchant Bank, Afolabi Olorode at the project BRIDGE workshop held in London recently
Lagos, Nigeria – 18 March 2026 – Quest Merchant Bank has been appointed as Transaction Advisor for Project BRIDGE (Broadband Infrastructure Development for Digital Economy), a flagship national broadband initiative led by Honourable Minister, Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE), Dr. ‘Bosun Tijani.Project BRIDGE is a strategic digital infrastructure initiative designed to significantly expand Nigeria’s fibre-optic infrastructure and accelerate broadband penetration across the country. The project will deploy approximately 90,000 kilometres of open access fibre-optic cable, strengthen nationwide connectivity and enable inclusive digital and economic growth.As Transaction Advisor, Quest Merchant Bank will support FMCIDE and the Project BRIDGE Project Implementation Unit in structuring and implementing the project’s financial and commercial framework. The mandate includes developing bankable investment structures, supporting investor engagement, and designing the public–private partnership framework required to facilitate successful project execution and long-term sustainability.Commenting on the appointment, Afolabi Olorode, Ag. Managing Director/CEO Quest Merchant Bank, said:“Project BRIDGE represents a critical step in strengthening Nigeria’s digital backbone and unlocking the immense opportunities within the country’s digital economy. We are honoured to partner with the FMCIDE under the leadership of Honourable Minister, Dr. ‘Bosun Tijani on this important initiative and look forward to applying our transaction advisory and infrastructure finance expertise to help deliver a robust and investable framework that will attract private capital and support long-term national development.”Also speaking on the appointment, Yetunde Falore, Head of Investment Banking, Quest Merchant Bank, said:“Nigeria’s digital economy is entering a defining phase, and infrastructure initiatives such as Project BRIDGE will play a central role in expanding connectivity, deepening digital inclusion, and supporting sustainable economic growth. We align with the criticality of this project and are proud to bring in our expertise to help drive a timely, efficient and successful project delivery in our role as Transaction Advisor.Project BRIDGE aligns strongly with His Excellency, President Bola Ahmed Tinubu’s Renewed Hope national transformation agenda, which prioritises the expansion of digital infrastructure, technology-driven productivity, and increased private-sector engagement in delivering critical national assets. By accelerating broadband penetration and strengthening the country’s digital backbone, the initiative is expected to unlock significant opportunities across key sectors—including education, healthcare, agriculture, commerce, and the wider innovation ecosystem. Under this appointment, Quest Merchant Bank will be supporting the Honourable Minister and the Project Implementation Team in structuring and delivering a financially robust Special Purpose Vehicle (SPV) by shortlisting qualified Private Sector participants to partner with the Nigerian Government (backed by World Bank, Africa Development Bank and European Bank for Reconstruction & Development) to deliver a world class private sector led, wholesale open Access Fibre Company. The project targets SPV set up and project break-ground by Q3 2026.
NEWS
Governor Dauda Lawal Hails Troops for Successful Fight against Banditry, Terrorism across Zamfara State
Governor Dauda Lawal has commended the troops of the Joint Task Force (North West) Operation Fansan Yamma for achieving significant operational successes against bandits in Zamfara State. The troops of the Joint Task Force launched an elaborate and coordinated onslaught in the early hours of Thursday, May 7, 2026, in the Kaura Namoda and Birnin Magaji Local Government Areas of Zamfara State. Following the encounter, troops effectively neutralised three gang leaders and recovered a cache of weapons and ammunition, which included an AK-47 rifle, a machine gun, a locally fabricated handgun, seven rifle magazines and a total of 571 rounds of ammunition.Governor Lawal described the renewed military offensive as timely, particularly due to the successful operation recorded on May 10, 2026, which disrupted a significant gathering of notorious terrorist leaders and neutralised several commanders. The troops acted on an intelligence report that confirmed that the terrorists had converged at a concealed location in Tumfa Village, Shinkafi Local Government Area, with the intention to coordinate attacks and criminal activities targeting innocent communities in the state. The Air Component launched a precision airstrike on the identified terrorist hideout that successfully destroyed the structure, which served as the terrorists’ meeting point. The governor further reiterates Zamfara State Government’s commitment to ongoing support and logistics for the military and other security agencies operating in the state.
NEWS
Governor Dauda Lawal Approves N3.2 Billion to renovate School of Nursing in Zurmi
His Excellency, the Executive Governor of Zamfara State, Dr. Dauda Lawal, has officially approved the sum of N3.2 billion for the complete renovation, accreditation, and commencement of academic activities at the Zamfara State School of Nursing and Health Sciences, located in Zurmi Local Government Area. This was confirmed in an official statement released marking a major intervention in the state’s ailing healthcare education sector, which has suffered years of neglect and infrastructural decay.According to government sources, the funds will be channeled into three critical areas: the overhauling of lecture halls, administrative blocks, student hostels, and practical demonstration labs to meet modern standards; the settlement of regulatory fees and implementation of curriculum upgrades required by the Nursing and Midwifery Council of Nigeria (NMCN); and enabling the school to admit its first batch of students in over five years, with a focus on midwifery, community health and general nursing. Speaking on the development, the state Commissioner for Health described the approval as a new chapter in healthcare manpower development, noting that the Zurmi school has remained non-functional for nearly a decade due to poor infrastructure and loss of accreditation. Governor Dauda Lawal is not just renovating a school but rebuilding the backbone of primary healthcare delivery in Zamfara, adding that without trained nurses and community health workers, the state’s hospitals cannot function and that this N3.2 billion investment will change the narrative.Residents of Zurmi and prospective students have greeted the news with excitement, with many having lost hope of ever seeing the institution reopen. Governor Dauda Lawal, who has made health sector revitalization a cornerstone of his administration, was quoted as saying that his government remains committed to accessible, quality education and healthcare across all 14 local government areas of the state, adding that no Zurmi child should travel hundreds of kilometers just to become a nurse. The state government has issued a directive to the Ministry of Health and the Ministry of Education to ensure the project is completed within nine months, with accreditation visits scheduled to begin before the end of the current fiscal year.
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NEWS
NASSCO Honours Zamfara Governor Dauda Lawal with Excellence Award for Inclusive Governance
Governor Dauda Lawal of Zamfara State has received the Award of Excellence from the National Social Safety Nets Coordinating Office (NASSCO) in recognition of his administration’s commitment to inclusive governance and social protection delivery.
The award was presented during a stakeholder engagement event with local government chairmen, held at the Transcorp Congress Hall in Abuja.
NASSCO, a federal agency operating under the Federal Ministry of Humanitarian Affairs and Poverty Reduction, is responsible for implementing social safety-net programmes designed to protect and empower vulnerable populations across Nigeria.
In her remarks while presenting the award, the National Coordinator of NASSCO, Dr. Funmi Olotu, stated that the honour reflects Governor Lawal’s dedication to improving social protection systems and promoting inclusive governance in Zamfara State.
Accepting the award, Governor Lawal commended the Federal Government, the World Bank, and other development partners for their continued support of ongoing reforms to strengthen Nigeria’s social protection architecture.
“This engagement is timely and strategic,” Governor Lawal said. “In Nigeria, especially in conflict-affected states like Zamfara, social protection has shifted from welfare to a vital tool for governance, security, poverty reduction, and community resilience.”
He noted that insecurity in Zamfara has led to displacement, disruption of livelihoods, food insecurity, and significant economic hardship, which disproportionately affects women, children, displaced persons, people with disabilities, and rural communities.
The Governor stressed the need for better coordination, transparency, data-driven targeting, and stronger collaboration among federal, state, and local governments to ensure resources reach those who need them most.
He also praised the expansion of the National Social Register and the integration of the National Identification Number (NIN), describing these as steps that improve transparency, efficiency, and accountability in service delivery.
Governor Lawal further called for inclusive development that goes beyond cash transfers to include livelihood support, skills training, agriculture, healthcare, education, financial inclusion, and community resilience. “This will help vulnerable populations move from dependency to sustainable participation,” he said.
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