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Amina Mohammed: Africa, the Best Investment Proposition of 21st century

Amina Mohammed: Africa, the Best Investment Proposition of 21st century
By: Michael Mike
United Nations Deputy Secretary-General Amina Mohammed has observed that Africa is the best investment proposition of the 21st century, in view of its natural resources, arable land and massive population.
She said: “The long term structural endowments of our continent are as strong as ever, most of the world’s natural resources are in Africa and 60% of the world’s arable land and a massive population of motivated youth, Africa is the best investment propositions of the 21st century.”
She gave the verdict at the second edition of the Africa Social Impact Summit co-convened by the Sterling One Foundation and the United Nations in Nigeria, and held in Lagos.
According to a statement on Tuesday, she cautioned that investment in Africa must go beyond extracting raw material, and emphasized that “It must build the roots of a modern economy, hard and soft infrastructure alike, and this must include bold investments into Africa’s strongest asset, its people at the continental, national and local levels.”
Mohammed advocated for channeling massive, targeted investments into youth development, local employment and employability, climate smart solutions, education, health, renewable energy and improved water and sanitation facilities.
However, she cautioned that it would require the private and public sectors working together to scale the necessary financing instruments, guarantees de-risking mechanisms, to strengthen Africa’s development finance network and its institutions.
Lagos State Governor, Babajide Sanwo-Olu, stressed the need for all to come together with a renewed spirit of collaboration, innovation, and determination, to build a prosperous and sustainable Africa for all.
Sanwo-Olu, who was represented by his Deputy, Dr. Obafemi Hamzat, said that the various projections suggested that Africa would be home to over half of the world’s poorest people by 2030, and that alone underscored the urgency and importance of the summit and the work all needed to do.
“I call upon the private sector, with its scale, sustainability, and innovation, to take the lead in driving change. We must harness the strength of our multi-stakeholder partnerships and leverage enterprise-driven innovations to create impact ecosystems that foster inclusive growth and recovery.” The Governor said.
The Chief Executive Officer of Sterling One Foundation, Olajeju Ibekwe, disclosed that the second edition of the Africa Social Impact Summit was a marked improvement on the 2022 edition.
She said: “I am also humbled by the intentionality of the private sector to own the sustainable development goals and move the needle. We are grateful to the partnership of the United Nations as our co-convenor for this conference.”
Ibekwe expressed hope for several partnerships and innovations to emerge from the summit, adding that: “And we are also looking forward to existing social impact initiatives in different rural communities, accessing more resources, multilevel resources to be able to do more and spread their impact from communities to communities across the Africa.”
Earlier, the UN Resident and Humanitarian Coordinator in Nigeria, Matthias Schmale, emphasized that “You can’t do business on a dead planet. Africa’s private sector can be a catalyst for change, supercharging our trajectory towards the 2030 Agenda.”
To achieve the pace and scale of transformative change that the world needs, Schmale noted that private sector investments must not just be motivated by profit but by considerations of what would have the greatest social impact.
He urged the CEOs and investors to embed sustainability into their decision making and align their business practices with the SDGs.
The theme of the Summit held on 10 – 11 August 2023, was ‘Global Vision, Local Action: Repositioning the African Development Ecosystem For Sustainable Outcomes.’
Amina Mohammed: Africa, the Best Investment Proposition of 21st century
News
RHI Presents Food Items to Vulnerable Groups in Yobe State

RHI Presents Food Items to Vulnerable Groups in Yobe State
…Making it the 20th State to Benefit from the Support
By: Our Reporter
The Renewed Hope Initiative (RHI) Food Outreach Program, launched in Abuja in March 2024 to provide monthly support to vulnerable groups and persons with disabilities, has reached Yobe State—making it the 20th state to benefit from the initiative.
Since its inception, the program has covered Abia, Adamawa, Benue, Borno, Cross River, Delta, Edo, Ekiti, Enugu, Gombe, Kaduna, Kano, Kogi, Kwara, Lagos, Nasarawa, Oyo, Plateau, and Sokoto States before arriving in Yobe.
With generous support from the Abdul Samad Rabiu Africa Initiative (ASR Africa) and another industrialist who prefers to remain anonymous, assorted food items were delivered, bringing relief to many households, particularly those with disabilities.
The First Lady and Chairman of the Renewed Hope Initiative, Senator Oluremi Tinubu, noted that donors provide two truckloads of food items to each beneficiary state for onward distribution. Represented by the Wife of the Vice President, Hajiya Nana Shettima, she highlighted Yobe as a major beneficiary of RHI programs and interventions.
These include:

- The Tony Elumelu Foundation Women Economists Empowerment Program, which supported 500 women with ₦50,000 each.
- The RHI Women Agricultural Support Scheme, where 20 women received ₦500,000 each.
- A ₦68.9 million grant from the Federal Ministry of Agriculture to the Young Farmers Club.
- Annual financial support to senior citizens, with 100 beneficiaries receiving ₦100,000 each in 2023 and 250 beneficiaries receiving ₦200,000 each.
- A ₦50 million financial grant to 1,000 petty traders.
- The Women in ICT Program, aimed at empowering women in the digital economy.
According to Senator Tinubu, these interventions are designed to complement the Renewed Hope Agenda of President Bola Ahmed Tinubu.
Yobe State Governor, Mai Mala Buni represented by his Deputy Governor, Alhaji Idi Barde Gubana reaffirmed his government’s commitment to the initiative, noting that the state has aligned with RHI through various empowerment programs for women, children, and vulnerable groups. These include the distribution of household items, skill acquisition schemes, and post-insurgency recovery programs that have economically empowered many women.
The State Coordinator of RHI and Wife of the Yobe State Governor, Hajiya Hafsat Kollere Buni, expressed gratitude to the First Lady for extending such impactful support to Yobe State. She also looked forward to stronger collaborations to further project the ideals of RHI and improve the lives of the people.
Also present at the event was Dr. Ubong Udoh, Managing Director of the Abdul Samad Rabiu Africa Initiative, one of the key donors to the program.- RHI Presents Food Items to Vulnerable Groups in Yobe State


News
Monguno says lack of national cohesion fuels insurgency

Monguno says lack of national cohesion fuels insurgency
By: Zagazola Makama
Former National Security Adviser, Maj.-Gen. Babagana Monguno (rtd.), has warned that Nigeria’s fight against insurgency will remain elusive without national cohesion and a united front across society.
Monguno stated this in Abuja on Thursday at the launch of Scars: Nigeria’s Journey and the Boko Haram Conundrum, a new book authored by former Chief of Defence Staff, Gen. Lucky Irabor (rtd.).
He said Boko Haram and other violent groups had thrived by exploiting Nigeria’s divisions, stressing that disunity among citizens, political actors, and institutions weakened the country’s capacity to defeat terrorism.
“Without national cohesion, insurgency will not end. Terrorists feed on our fault lines – ethnic, religious, political – and they weaponise them against us. If we remain divided, no amount of military might will deliver lasting peace,” Monguno said.
He urged Nigerians to rise above parochial sentiments and embrace a spirit of patriotism, solidarity, and common purpose. According to him, the fight against insurgency must go beyond the battlefield to include reconciliation, justice, and inclusive governance.
The retired General emphasised that the scars left by Boko Haram were not just physical but also psychological and social, making unity a vital condition for national healing.
“The book reminds us that security is not just the work of soldiers. It is the responsibility of leaders, institutions, and citizens. Unless we build cohesion, insurgency will continue to mutate in different forms,” he added.
Monguno commended Gen. Irabor for documenting his experience, describing the work as a guide that combines history, strategy, and national lessons for the future.
The event was attended by former Presidents Olusegun Obasanjo and Goodluck Jonathan, the Minister of Defence, service chiefs, traditional rulers, diplomats, and senior government officials.
Monguno says lack of national cohesion fuels insurgency
News
Kukah says military operations alone cannot end insurgency, stresses soft power approach

Kukah says military operations alone cannot end insurgency, stresses soft power approach
By: Zagazola Makama
The Catholic Bishop of Sokoto Diocese, Most Rev. Matthew Hassan Kukah, has said Nigeria cannot defeat insurgency through military operations alone, stressing the need to embrace soft power and address root causes of insecurity.
Kukah made this known in Abuja on Thursday while reviewing Scars: Nigeria’s Journey and the Boko Haram Conundrum, a new book authored by former Chief of Defence Staff, Gen. Lucky Irabor (rtd.).
He said the country’s reliance on military doctrines and repeated counter-insurgency operations had failed to produce lasting peace because Boko Haram represented an ideology, not just an armed threat.
“For years, we have had Operation Lafiya Dole, Operation Restore Order, Operation Hadin Kai, Operation Safe Haven, and many others. Yet, when one operation fails, another is launched. These operations have not ended the insurgency because you cannot fight an idea with weapons alone,” Kukah said.
The cleric argued that describing the insurgency only in military terms forecloses other sources of information and non-kinetic solutions that are critical to peacebuilding.
According to him, Boko Haram’s struggle is framed as a jihad, and many of its fighters see death as martyrdom, making them indifferent to conventional deterrence.
“The challenge before us is not merely about defeating insurgents on the battlefield, but about understanding the soft issues of life and death. Guns cannot build peace; soft power must complement military power,” he said.
Kukah pointed to chapters 11, 12 and 13 of Irabor’s book, which emphasise reconciliation, good governance, justice, and national healing as critical conditions for security.
He praised the author’s reflections for going beyond military strategy, describing them as “the writings of a priest” that call for dialogue, reforms and moral renewal.
The bishop added that Nigeria must prioritise structural reforms, political inclusion, patriotism, and judicial integrity to tackle grievances that feed extremism.
“The urgency now is to invest in soft power – in human development, reconciliation, and building trust in institutions. Military operations can only create space; it is ideas and justice that will sustain peace,” Kukah said.
The event attracted former Presidents Olusegun Obasanjo and Goodluck Jonathan, senior government officials, service chiefs, diplomats, and other dignitaries.
End
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