International
Burundi Appeals for Investments from Nigerians
Burundi Appeals for Investments from Nigerians
By: Michael Mike
The government of Burundi has appealed for investments from Nigerian investors, insisting that the Eastern African country has the environment to grow their wealth.
A delegation from the country who was in Abuja, Nigeria made mouth watering incentives to Nigerian investors who might be interested in investing in the country.
Special Envoy of the Burundi President, Ambassador Liberat Fumukeko, who led a delegation to Nigeria, urged captains of industries to catch on to the abundant opportunities in Burundi.
Fumukeko said that there are juicy incentives for Nigerian investors that decide to invest in his country.
He said: “We have come to Nigeria with the delegation from Burundi and we have come to invite people from the private sector in this country to come to Burundi and explore the investment opportunities because we feel like there’s something this country, (Nigeria) as an African power can do in terms of trade investment with other part of Africa.”
On the attractions on ground for investors, the envoy said: “Well, I mentioned that we have a legislation and an investment legislation and this one is very clear any investor coming into our country can repatriate there profit and their money provided that they comply with all the local policies, especially in the area of taxation. So they pay taxes like everyone else and they will have equal treatment and be able to repatriate their profit.”
On his visit to Nigeria, the envoy said: “We thought it would be proper to come down here and have a face to face interaction with the private sector of Nigeria so that we can understand exactly what they can do in this region.”
On his part, Engr Mustapha Bello, former Minister of commerce and industry who was part of the Nigeria business community that met with the visiting envoy, commended the Burundian government for the audacious move.
He said: “First I must commend the Ambassador. I think he has done extremely well. I can’t remember when last I’ve seen any head of embassy in Abuja inviting business community members to interact with them. I think he has done well, he has started well by bringing a high level delegation from the president of Burundi to Abuja to come and make a presentation to us.
So, I think what is left for us as Nigerians is to take advantage of the opportunity we’ve been exposed to and then to see how we can build the bridge and that bridge is exactly creating Nigeria- Burundi business council.
“Then the two sides will now continue interacting, organizing trade delegations, investment missions and the like.
“I think the most important thing is, we have the market, the capacity and the people who have the resources, this are the key things we require to be able to begin to engage with the country and I’m not sure within the continent if you begin to look at the statistics and the data that the number of rich people we have in Nigeria, I don’t think there’s any country that has half of that in the continent of Africa. I’m not sure, so for Burundi to expose its opportunities to Nigeria is to say the list that they have started whatsoever the embassy should be doing that the normal diplomatic work that ambassadors should do. I think very soon the Burundians will come to understand that the ambassador is doing something good for them as their representative in Nigeria.”
The former minister also explained his role in the meeting, which he said involved sharing information and inviting serious minded investors. He said: “My responsibility is to facilitate sharing the information and invite those who are serious business people and then take them over so that they can share their resources.
“We too, we are looking at the area of agriculture and doing the analysis of food sectors that will be good for us to put our own resources into, then when we meet again we will be able to tell you which sector we are in, that is key for us.”
Burundi Appeals for Investments from Nigerians
International
Aftermath of Modi’s Visit: Nigeria Should Expect Rise in Already Existing Over 200 Indian Companies, Growth in $27 billion Indian investment, Indian Government Promises
Aftermath of Modi’s Visit: Nigeria Should Expect Rise in Already Existing Over 200 Indian Companies, Growth in $27 billion Indian investment, Indian Government Promises
By: Michael Mike
Nigeria should expect more Indian investment in Nigeria with the growth in over 200 companies presently operating in the country and increase in the present investment of over $27 billion in the nation’s economy by Indian interest, the Indian government has assured.
Addressing the media on Sunday in Abuja on the fallout from the visit of Indian Prime Minister, Narendra Modi to the country, the Secretary of Economic Relations at India’s Ministry of External Affairs, Dammu Ravi, said: “While Indian companies are very strong in the traditional areas of manufacturing in Nigeria, with more than 200 companies having invested $27 billion in the economy here, there are new areas that are being identified, which include, as we discussed, the agriculture part of it, particularly lentils and other things which are being considered as a possibility. Then irrigation services, seed, hybrid seed development, research and development on good seeds, climate-resistant seeds and other things are being considered so that that area can also come into focus between the two countries.
“So we talked about mining, we talked about various issues pertaining to small and medium enterprises, the skill development part of it.
“Already we have some experts who have been training for more than six months in SMEDAN over here, entrepreneurial development skills. And also through the Indian Technical and Economic Cooperation where we have been sending people to India for skill development, that also came into focus. So we would be considering all these things too, we are diversify the areas of our cooperation in trade and economic relations, as well as to strengthen our trade cooperation.”
He also revealed that India is interested in further investment in Nigeria’s oil and gas industry, stating that: “There was a very good concentration of topic on oil and gas investment. Some Indian companies are already working on the CNG areas, which is the focus area of the President also. There are companies which are working in CNG city-wide network as well as setting up the outlets for CNG over here. CNG kits are being also sent over here so that it can be put in the cars and vehicles to use the CNG.”
He noted that on pharmaceuticals and medicine, there are nearly $4 billion of investment by Indian companies in the pharmaceutical sector here in Nigeria, and there is already existing eye hospitals of India in Abuja and Lagos, as well as another multi-speciality hospital.
He said: “I can also tell you that there is going to be a bigger hospital, a 300-bed hospital that has come up in Abuja, which will be open very shortly with expert doctors and technicians and others from India with modern technology. So that hospital chain would also be expanding itself into other geopolitical areas too.”
He said India, in agreement with Nigeria, looks forward to the reform of the United Nations Security Council, stating that there is urgent need to update the global governance structure to reflect current realities.
He noted that the existing structure, established in 1945, no longer meets the needs of the modern world and that significant changes are required.
Ravi highlighted the shared stance of India and Nigeria in advocating for a more inclusive Security Council, pointing out that both nations represent the interests of the Global South, which remains underrepresented in international decision-making.
He insisted that: “The world has changed significantly since the establishment of the UN, but the Security Council’s structure has not evolved accordingly.
“Nigeria and India are on the same page on the need for reform. We have to keep working on that in different forums to sensitise the countries on the need for our positions.”
The call for reform came as part of a broader effort by developing nations to secure a greater voice in global governance.
Ravi underscored the importance of unity among countries in the Global South, including major players like India and Nigeria, to advocate effectively for changes in the UNSC’s composition.
The UNSC currently has 15 members, including five permanent members with veto power: the United States, Russia, China, the United Kingdom, and France.
However, despite having 54 member states in the UN, Africa lacks permanent representation.
The US recently proposed expanding the council to include two permanent seats for African countries, with Nigeria, South Africa, and Egypt emerging as leading contenders due to their economic and political influence.
According to Ravi, the key to successful reform lies in collective action.
He noted that countries from the Global South, which have experienced significant political and economic growth over the past few decades, should have a more substantial role in international decision-making.
He said, “We need to build this understanding that there is a need for the UN reform and that is the fundamental. The reform is necessary and it has to be done quickly.”
Addressing the question of African representation, Ravi acknowledged that Africa has its own consensus on the need for reform.
However, he pointed out the complexity of aligning the positions of various African nations with those of other countries advocating for change, such as India.
Aftermath of Modi’s Visit: Nigeria Should Expect Rise in Already Existing Over 200 Indian Companies, Growth in $27 billion Indian investment, Indian Government Promises
International
STRUGGLE FOR PALESTINIAN STATEHOOD AS THE DEFINING LIMINAL MOMENT OF OUR TIME
STRUGGLE FOR PALESTINIAN STATEHOOD AS THE DEFINING LIMINAL MOMENT OF OUR TIME
By: Yusuf Maitama Tuggar
A liminal moment is a time of realization that the way things are is no longer sustainable, yet the way thing will become is yet to happen. In other words, a liminal moment is a period of transition. The quest of Palestinians for statehood and the right to exist is going through a transition period in which the world is awakening to the fact that Israeli occupation of Gaza and the West Bank and the institutionalised system of segregation used to administer the territories is neither tenable nor sustainable. Although the violence and carnage being meted out to the Palestinians appears at first glance to strengthen the hands of the Israeli government and provides opportunity for settlers to expand territorial ambitions, a closer examination reveals it to be a pyrrhic victory. The resolve of the innocent civilians on the receiving end is only getting stronger, determined to avert another Nakba, the term referring to the exodus that followed the 1948 partitioning that created the state of Israel. Many Palestinians lost their homes in the event, never to return again. Families still clutch on to the keys of their houses as mementos of a mistake passed down from one generation to another, that must never be repeated again. The struggle for Palestinian statehood is the liminal moment of our time.
When it comes to standing up against injustice and racial discrimination, Nigeria has maintained an admirable consistency. We deployed resources and energy over three decades towards the liberation of Angola, Mozambique, Zimbabwe, Namibia and Apartheid South Africa. Nigeria follows the dictum of International Relations guru Hans Morgenthau of making ethical foreign policy behaviour an integral part of its state objective. President Bola Tinubu continued this tradition when he spoke out equably for an end to the violence in Palestine and Lebanon during the Arab-OIC Extraordinary Summit in Riyadh on 11th of November 2024, calling for the actual implementation of the two-state solution that has been the subject of several UN Resolutions, dating back to Resolutions 242 and 338 of 1967. President Tinubu’s intervention was considered by other countries in attendance as providing the missing mechanism when he suggested the creation of a secretariat to monitor implementation of the Summit’s resolutions and provide regular reports to the leadership, until peace is achieved. This was unanimously adopted as a late addition to the draft resolution and hailed as a departure from previous ones that lacked implementation mechanisms.
President Tinubu has remained deeply concerned by the human suffering in Gaza, especially of children and women. For this reason, Nigeria worked with Red Cross officials and employed its diplomatic channels to facilitate the evacuation of sick and injured children to Egypt, UAE and Jordan. Today three-year-old Alaa Madhon, nine-month-old Salma Chagu of Khan Yunus, another three-month-old baby Alaa and baby Suhail are all alive with the help of Nigeria’s back channel diplomatic efforts. In his speech, President Tinubu reminded the world that the conflict did not begin on October 7th, contrary to media reporting that often gives the impression that the Hamas attack and kidnapping of civilians was the casus belli that justified Israeli aggression and discounting the daily aggression meted out to Palestinians living under the apartheid system in Gaza and the West Bank. He candidly challenged leaders by stating it was not enough to issue empty condemnations and although a countries in a rules-based international order had the right to self-defence, they had to take into account the proportionality of violence they applied, especially on innocent civilians. President Tinubu pointed out that an entire civilian population cannot be dismissed as collateral, in meting out revenge for October 7th. The contradiction of justifying the Israeli aggression against innocent civilians within the context of a rules based international law and order is that the whole point of international law is to rule out revenge. Justice is antithetical to revenge.
Those who attempt to give religious colouration to standing up for what is right and just betray a lack of understanding of the Palestinian quest for statehood. Some of the most prominent figures in that struggle have been Christians; academic Edward Said, PLFP founder George Habash, political activist Hanan Ashrawi are among the recognisable names. And within the state of Israel exist Arabs that are Muslim, Christian and Druze. The Republic of South Africa that instituted a genocide case against Israel in the International Court of Justice is 82% Christian. The nationhood journey of South Africa and the struggle against apartheid make it the most morally appropriate nation to file such a case against Israel where a similar apartheid system confines over 2.2 million people in an open-air prison called Gaza. Like South African Bantustans or homelands, those living within require passes to move around, their fundamental human rights restricted. So South Africans can identify more easily with the plight of the Palestinians as non-citizens on their own land.
But Nigeria can also identify with such a system and share the pain because of our own journey to nationhood. Apartheid was simply an extreme form of indirect rule. The system designed by Lord Lugard and Jan Smuts to answer the native question was to segregate a black majority, creating Sabon Garis and Zangos that restricted movement and mingling among the owners of the land. Black people were not allowed to venture into the Government Reservation Areas (GRAs) of Ikoyi in Lagos and Nasarawa in Kano, else one would be arrested for “wandering”. Late Ibrahim Gusau (who later became a Minister in the first republic) was punished by the colonial authorities for being found in Sabon Gari, with a copy of the West African Pilot, published by anti-colonial agitator Nnamdi Azikiwe. It was therefore not surprising that after gaining independence, Nigeria’s foreign policy maintained a proclivity for standing up against discrimination and injustice. Apart from supporting liberation movements to free others from the colonial choke hold, Nigeria refused to sell oil to Apartheid South Africa and penalised businesses that dealt with racist regimes on the continent. The Balewa government lobbied for the expulsion of South Africa from the Commonwealth and set up the National Committee Against Apartheid across the country, the Gowon government helped strengthen the United Nations Committee Against Apartheid and pushed for recognition of Guinea Bissau and Cape Verde as independent states, the Murtala/Obasanjo administration created the Southern Africa Relief Fund (SAFR) or Mandela tax as it was popularly known, and the Shagari government engineered the Lancaster House Conference that paved the way for Zimbabwe’s independence. President Tinubu continues this noble tradition by standing up for the actualisation of the two-state solution.
Nigeria’s diversity gives it an advantage on the world stage in consensus building through the hard work of conversation and virtues of principled compromise. Though this may be taken for granted at home because it comes naturally to us, it remains an uncommon trait abroad much admired by others. It is a gift that we must continue to tap into in our share political project both at home and abroad.
Yusuf M Tuggar
Minister of Foreign Affairs
Federal Republic of Nigeria
International
Nigeria Congratulates Trump on Election as US President
Nigeria Congratulates Trump on Election as US President
By: Michael Mike
The Nigerian government has congratulated the Republican candidate in the United States of America presidential election, Donald Trump for his victory at the poll.
The Nigerian government in a statement on Wednesday signed by the spokesperson of the Ministry of Foreign Affairs, Amb. Eche Abu-Obe wish the 45th president who has been elected by the reason of the election as the 47th president great success.
The statement read: “Federal Republic of Nigeria wishes to congratulate incoming President Donald Trump on his victory as the next President of the United States of America.
“Nigeria wishes the 47th President of the United States of America great success in steering the affairs of the country and further assures of continued support and cooperation in matters of international peace and security.
“The Federal Republic of Nigeria applauds the Democratic contestant, Kamala Harris, for her efforts and contributions during her tenure as the Vice President of the United States of America.
“In the same vein, Nigeria also applauds outgoing President, Joe Biden, for his leadership and service to the American people.”
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