News
Over 230 EU Companies Active in Nigeria, Account for 130,000 Jobs –Report
Over 230 EU Companies Active in Nigeria, Account for 130,000 Jobs –Report
By: Michael Mike
Over 230 European Union companies are currently operating in Nigeria, accounting for over 130,000 jobs in the country’s economy, according to the report of a recent study by Commercium Africa.
The study commissioned by the European Union also showed that 42 per cent of the companies arrived in Nigeria in the last decade, underlining the country’s economic potential and the increasing tempo of investment from the European Union in Nigeria’s economy in recent years.
In addition to Nigeria being a major destination of choice for European investments, the European Union is the country’s largest trading partner by a wide margin, with notable balance of trade in favour of Nigeria, the new report showed.
It for the first time, mapped out the presence of EU companies in Nigeria, also showing that EU companies invested over €2 billion into the Nigerian economy in the last fiscal year, reaching a turnover of about €4 billion during the period.
According to the report, four in every five or 80 per cent of the EU companies are headquartered in Lagos, Nigeria’s commercial capital, with manufacturing being the largest individual sector, and accounting for 19 per cent of over 230 firms. European companies are also contributing to the pool of skills in the Nigerian economy, having provided 6,000 of their employees with professional training opportunities, the report notes.
Welcoming these findings, the European Union Ambassador to Nigeria and ECOWAS, Ms Samuela Isopi hailed the footprints of EU businesses in the country.
She said: “As we delve into the extensive presence and contributions of the EU companies in Nigeria, it becomes evident that the European Union’s partnership with Nigeria goes beyond trade figures. Our commitment to Nigeria’s growth is reflected in the investments, job opportunities, and economic contributions made by the EU companies. This first mapping highlights the importance of our relationship and the potential for further collaboration in various sectors. We remain dedicated to working hand in hand with Nigeria for mutual prosperity.”
The President of the European Business Chamber Nigeria (EuroCham), Mr Yann Gilbert, expressed delight with the findings of the study, which he described as impactful. “The results illustrate the substantial and consistent contribution of EU companies to the Nigerian economy over the years, underlining the important role played in fostering economic growth, job creation, human capital development, circular economy and innovation spread all over the Federal Republic of Nigeria.”
He added that: “Moreover, the results confirm the consistent strengthening of our bilateral ties, emphasizing the positive collaborative spirit that defines EU-Nigeria relations.”
Over 230 EU Companies Active in Nigeria, Account for 130,000 Jobs –Report
Military
Mutiny: Presidential Guard Tightens Security Around Niger Presidency Amid Reports of Military Protest
Mutiny: Presidential Guard Tightens Security Around Niger Presidency Amid Reports of Military Protest
By Zagazola Makama
Security was significantly reinforced around Niger’s Presidential Palace in Niamey following reports of unrest involving elements of the country’s armed forces, security sources told Zagazola Makama.
According to multiple security sources, the heightened deployment of the Presidential Guard, supported by armoured vehicles around the Presidential Palace on the night of July 3 and into July 4, followed what was described as a limited protest by personnel of an armoured unit within the Niger Armed Forces (FAN).
The sources said some soldiers reportedly declined deployment to frontline positions in northern Tillabéri Region, particularly around Inatès and Chinagodrar, citing inadequate heavy equipment and insufficient operational resources to confront the growing security threats in the area.
The protest was described by one source as a “small mutiny,” although there has been no official confirmation from the Nigerien authorities.
Security sources said the development triggered concern within the country’s leadership, prompting the reinforcement of security around the Presidential Palace and temporary restrictions on movement in the surrounding area as a precautionary measure.
The Tillabéri Region remains one of Niger’s most volatile security zones, with recurrent attacks by armed extremist groups, including factions linked to the so-called Islamic State in the Greater Sahara (ISGS).
As of the time of filing this report, the Nigerien government and military authorities had not issued any official statement regarding the reported protest or the increased security presence around the Presidency.
The situation remains under close observation.
Mutiny: Presidential Guard Tightens Security Around Niger Presidency Amid Reports of Military Protest
Two suspected criminals arrested during patrol in Plateau
By: Zagazola Makama
Troops of Sector 1 under Operation Enduring Peace have arrested two suspected criminals during a routine patrol in Jos East Local Government Area of Plateau.
Security sources disclosed that the suspects, identified as Azi Ezekiel, 21, and Ajiji Emmanuel, 19, were apprehended at about 10:30 a.m. on Saturday along the road leading to Forbur Village.
The sources said the suspects were intercepted by troops of Sector 1, Sub-Sector 12, while conducting a routine patrol in the area.
According to the sources, the two suspects have been handed over to the Keystone Police Station in Forbur for further investigation and possible prosecution.
The arrest forms part of ongoing security operations aimed at combating criminal activities and enhancing safety across Plateau State.
Two suspected criminals arrested during patrol in Plateau
Troops arrest suspected kidnapper in Plateau community
By: Zagazola Makama
Troops of Sector 4 of Operation Enduring Peace have arrested a suspected kidnapper during a security operation in Barkin Ladi Local Government Area of Plateau.
Security sources said the suspect, identified as Mohamdu Surajo, 29, was arrested at about 6:45 p.m. on Friday at Sabon Layi Village following sustained security operations in the area.
The sources disclosed that the suspect is currently in military custody and is undergoing preliminary interrogation to aid ongoing investigations.
They added that the arrest is part of continued efforts by security forces to dismantle criminal networks and enhance security across Plateau State.
Troops arrest suspected kidnapper in Plateau community
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