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AT 2025 WEF, VP Shettima Markets Nigeria, Africa As Investment Destination

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AT 2025 WEF, VP Shettima Markets Nigeria, Africa As Investment Destination

** Says Africa Has Indeed Woken Up

By: Our Reporter

Vice President Kashim Shettima has said serious investors can now take unfettered advantage of Nigeria’s growing investment climate to tap from the limitless opportunities in the country and the African continent.

VP Shettima spoke on Tuesday during a forum titled, “Roadmap to Co-create Investment Opportunities for Africa’s Frontier Markets,” at the ongoing annual meeting of the 2025 World Economic Forum ( WEF) in Davos, Switzerland.

At the session which was co-chaired by Mirek Dusek, Managing Director of World Economic Forum, and chaired by Marie-Laure Akin Olugbade, Senior Vice President, African Development Bank (AFDB) group, discussions focused on the Humanitarian and Resilience Investing Roadmap for Africa.

He told the forum that the tales they hear about the country and the African continent as a whole are really not that of doom and gloom as being painted by doomsday proponents.

The Vice President noted that Nigeria is poised to invade the global business platform with modernisation and robust investments, assuring that President Bola Ahmed Tinubu, a seasoned chartered accountant, is working to make the nation an investment destination in Africa.

“For 20 years, I have been in the Nigerian banking industry. I was a general manager in Nigeria’s largest bank, Zenith Bank. I grew up in that ecosystem. The President himself is a seasoned chartered accountant. So, I believe that Nigeria is ready for business, Nigeria is ready to embrace the path of modernization with very robust investment,” he declared.

Acknowledging however that the nation may still have certain deficits, VP Shettima pointed out that Nigeria is looking up to the African Continental Free Trade Area (AfCFTA) to address the challenges.

He stated: “We are having a huge deficit but we are looking forward to the AfCFTA and that involves investing in infrastructure for instance the coastal highway from Calabar to Lagos is the largest single investment in Africa. We are building corridors to the North.

“We have the West African gas pipeline. We are thinking ahead of time akin to the Belt and Road Initiative. We are partnering with 14 African countries to invest in gas infrastructure down to Morocco.”

Senator Shettima insisted that Africa is not all about tales of doom and gloom, maintaining that the continent has woken up from its slumber.

Likening Napoleon Bonaparte’s opinion about China to the case of Africa, the VP said, “So, Your Excellencies, ladies and gentlemen, the stories you hear about Africa are not that of doom and gloom. From DRC to Somalia, South Africa, Egypt, Ethiopia, Ghana, and Cote d’Ivoire, Africa is waking up from its slumber.

“I remember what Napoleon Bonaparte said about China, he said “China is a sleeping giant but when she wakes up, she will rattle the world”. So, Africa has woken up and we will take our rightful place in the comity of nations because as I said earlier, the trajectory of global growth is facing Africa. We are the youngest continent.”

Also drawing a leaf from the late Nigerian head of state, Gen. Murtala Mohammed, VP Shettima said Africa has come of age and can no longer be treated like an adolescent.

“I want to quote Murtala Mohammed – a Nigerian military leader at an extraordinary summit of the OAU, about 50 years ago. He said “Africa has come of age, it is no longer under the orbit of any extra-continental power, and it shall no longer take orders from any country, however powerful,” he concluded.

Meanwhile, in a show of African leadership collaboration at the World Economic Forum in Davos, Nigeria’s Vice President, Senator Shettima, on Tuesday joined South African President, Cyril Ramaphosa, as special guest of honor at a high-level briefing, following his earlier participation in the Africa Investment Forum.

….VP Shettima, Botswana’s President Hold Talks

  • Meet WTO DG, Okonjo – Iweala

Similarly, Vice President Kashim Shettima and the President of Botswana, Duma Boko, on Tuesday held a bilateral meeting where areas of mutual interest between both countries were discussed.

The meeting, which took place on the sidelines of the World Economic Forum 2025 in Davos, Switzerland, is part of Nigeria’s commitment to fostering stronger intra-African relations and economic cooperation.

Both leaders emphasized the importance of leveraging their countries’ strengths to promote mutual growth and development.

The Vice President, who congratulated President Duma Boko on his election victory, called for deeper partnerships and collaborations between African nations, saying it is time Africa united and presented a common front on interests regarding the continent.

During the meeting, Vice President Shettima welcomed the Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, introducing her to the Botswana President.

The Vice President commended Dr. Okonjo-Iweala’s exceptional achievements, describing her as one of Africa’s finest.

Other areas of interest discussed between the two leaders included trade, investment and strengthening of diplomatic ties.

AT 2025 WEF, VP Shettima Markets Nigeria, Africa As Investment Destination

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Rebuilding the North-East: Inside Nigeria’s Largest Post-Conflict Recovery Experiment

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Rebuilding the North-East: Inside Nigeria’s Largest Post-Conflict Recovery Experiment

How the NEDC is attempting to turn years of devastation into a pathway for long-term development

By Michael Olukayode

For more than a decade, Nigeria’s North-East has remained a symbol of prolonged conflict and humanitarian collapse. The insurgency led by Boko Haram and its breakaway factions did far more than disrupt security—it dismantled entire communities, shattered economic systems, and altered the social and cultural foundations of a region once anchored by farming and cross-border trade.

The human cost has been staggering. More than 350,000 people are estimated to have died directly and indirectly from the conflict. Over 2.5 million individuals were forced from their homes, while at the height of the crisis, about 8.4 million people required urgent humanitarian support. Entire settlements across Borno, Adamawa, and Yobe were destroyed, leaving behind a region marked by displacement and ruin.

A System Built from Collapse

The scale of destruction prompted the establishment of the North-East Development Commission (NEDC) in 2017 under former President Muhammadu Buhari. It was created not simply as a relief agency, but as a long-term institutional response to structural breakdown across an entire region.

Early post-conflict assessments placed the cost of destruction at over $9 billion. Infrastructure losses were extensive: thousands of homes were destroyed, more than 1,400 schools were damaged or completely wiped out, and in some areas over 70 percent of health facilities became unusable. The agricultural sector—long the backbone of the regional economy—collapsed almost entirely, deepening poverty and food insecurity.

To coordinate recovery, the Commission was tasked with implementing the North-East Stabilisation and Development Master Plan (NESDMP), a blueprint designed to move the region from emergency humanitarian response into structured reconstruction and sustainable development.

From Emergency Response to Large-Scale Reconstruction

Since beginning operations, the NEDC has implemented interventions worth hundreds of billions of naira, funded through federal allocations and supported by development partners.

Its activities span all six states of the region—Borno, Adamawa, Yobe, Bauchi, Gombe, and Taraba—where thousands of projects have either been completed or are ongoing.

Across its portfolio, the Commission has:
• Built and rehabilitated thousands of housing units for displaced families
• Executed more than 1,000 infrastructure projects, including roads, schools, and healthcare centres
• Distributed millions of relief items during peak humanitarian emergencies
• Supported agricultural programmes reaching hundreds of thousands of farmers

The Managing Director/Chief Executive Officer of the Commission, Mohammed Goni Alkali, explained that the institution is now deliberately evolving its focus.

“We are transitioning from humanitarian interventions to sustainable development,” he said. “The priority is building systems that can endure beyond immediate recovery.”

He added that reconstruction must be understood beyond physical structures.

“It is not only about rebuilding infrastructure. It is about restoring livelihoods, rebuilding institutions, and restoring hope to communities,” Alkali said.

Gradual Return to Normalcy Across Communities

On the ground, signs of recovery are beginning to emerge across the region, though unevenly.

Large numbers of internally displaced persons have started returning to reconstructed communities, easing long-standing pressure on overcrowded camps. Schools that were destroyed or abandoned during the peak of the insurgency are being rehabilitated and reopened, restoring access to education for thousands of children.

Healthcare delivery has also improved, with rebuilt and newly equipped facilities expanding access, particularly in rural areas that were previously cut off. Road reconstruction projects are reconnecting isolated communities, improving movement, trade, and access to services.

The Governor of Borno State, Professor Babagana Umara Zulum, acknowledged the role of the Commission in supporting recovery efforts.

“The NEDC has played a critical role in supporting the rebuilding of communities and restoring hope to our people,” he said.

Restoring the Economic Lifeline

Before the insurgency, agriculture was the dominant economic activity in the North-East, employing a large portion of the population. The conflict disrupted farming cycles, displaced rural communities, and left vast tracts of farmland abandoned.

Recovery efforts are now focusing on reversing that collapse. Through the distribution of seeds, fertilisers, and farming equipment, as well as investments in irrigation and dry-season farming, agricultural production is gradually resuming. Small businesses and cooperatives are also receiving support to stimulate local economies.

According to Alkali, economic recovery remains central to the Commission’s strategy.

“Without livelihoods, recovery cannot be sustained,” he said. “Economic empowerment is therefore at the core of our interventions.”

Moving Away from Long-Term Aid Dependence

One of the most significant shifts emerging in the region is the gradual transition from humanitarian dependency to self-reliance.

Although millions of people still require assistance, returning communities are increasingly rebuilding their own economic and social systems as stability improves.

Former United Nations Resident and Humanitarian Coordinator in Nigeria, Matthias Schmale, noted that recovery efforts are beginning to produce measurable improvements.

“There is clear evidence that living conditions are improving and that basic services are being restored,” he said.

Security Gains and Lingering Vulnerability

Despite notable progress in stabilisation, the North-East remains fragile. Military operations have significantly degraded insurgent capabilities, but sporadic attacks continue in some areas.

The Chairman of the Governing Board of the NEDC, Major General Paul Tarfa (rtd.), stressed that development must consolidate security achievements.

“Security gains must be reinforced with development initiatives. Only then can we achieve lasting peace,” he said.

Persistent Gaps in the Recovery Process

Even with extensive interventions, major challenges remain. Millions of residents are still dependent on humanitarian assistance, unemployment among young people remains high, and environmental pressures—including climate-related shocks—continue to threaten agricultural recovery.

In addition, funding limitations remain a key constraint, with the scale of needs far exceeding available resources.

The Managing Director acknowledged these gaps but reaffirmed the Commission’s commitment.

“The level of devastation is enormous, but we are committed to working with all stakeholders to deliver sustainable recovery,” Alkali said.

A Region Still in Transition

The North-East today exists in a complex state between crisis and recovery. It remains one of Nigeria’s most vulnerable regions, but also one of its most ambitious reconstruction theatres.

What is unfolding is a slow transformation: from destruction to rebuilding, from dependency to resilience, and from emergency survival to structured development.

Former United Nations Resident and Humanitarian Coordinator in Nigeria, Matthias Schmale, noted that recovery efforts are beginning to produce measurable improvements.

“There is clear evidence that living conditions are improving and that basic services are being restored,” he said.

Observing during his tenure in the country that: “The transition is visible, but sustaining it will require long-term investment and strong collaboration.”

Conclusion: Beyond Reconstruction

The work of the North-East Development Commission goes beyond rebuilding damaged infrastructure. It represents an attempt to reimagine post-conflict recovery at scale—linking humanitarian relief with long-term development planning.

From housing and healthcare to education and livelihoods, the foundations of a new regional reality are gradually taking shape.

Yet, as stakeholders consistently emphasise, the true measure of success will not be the number of projects completed, but whether the region can sustain stability, dignity, and opportunity over time.

In the North-East, the story of recovery is no longer only about survival.

It is about building a future that once seemed impossible—and ensuring it endures.

Rebuilding the North-East: Inside Nigeria’s Largest Post-Conflict Recovery Experiment

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UK–Nigeria Trade Mission Turns State Visit Momentum into High-Impact Commercial Deals Across Key Growth Sectors

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UK–Nigeria Trade Mission Turns State Visit Momentum into High-Impact Commercial Deals Across Key Growth Sectors

By: Michael Mike

The United Kingdom has concluded its first trade and investment mission to Nigeria since the recent State Visit, reinforcing efforts to convert high-level political commitments into concrete commercial outcomes for businesses in both countries.

Organised by the UK Department for Business and Trade and delivered by DMA Invest in partnership with the Nigeria Investment Promotion Commission (NIPC), the two-day mission brought together 43 delegates from 30 British companies. The delegation engaged Nigerian counterparts to explore partnerships and investment opportunities across key sectors of mutual interest.

Bilateral trade between both countries has now reached a record £8.1 billion, with Nigeria remaining the UK’s largest export market in Africa. The mission underscored where UK expertise can support Nigeria’s ongoing economic reforms, with discussions spanning infrastructure, energy and power, water and environmental solutions, agriculture, financial and professional services, logistics and supply chains, standards and certification, as well as technology sectors including education, aviation and communications.

These priorities align with the UK–Nigeria Enhanced Trade and Investment Partnership (ETIP), reflecting areas where UK capabilities and long-term partnership models match Nigeria’s evolving economic agenda.

Beyond sectoral engagement, the mission also sought to challenge outdated perceptions of Nigeria, highlighting its transition toward a reform-driven, opportunity-rich economy with improving macroeconomic fundamentals. Both sides emphasised the importance of deeper private sector collaboration to unlock sustainable growth.

British High Commissioner to Nigeria, Dr Richard Montgomery, said the mission demonstrated a clear shift from diplomatic alignment to practical delivery.

“This trade mission is a clear signal of intent. As the first UK business delegation to Nigeria since the State Visit, it shows how we are turning strong political alignment into real commercial action and long-term partnerships for businesses in both countries,” he said.

He added that collaboration with Nigerian institutions and private sector partners reflects the UK’s long-term commitment to doing business with Nigeria.

Chief Executive Officer of the NIPC, Aisha Rimi, described the mission as a timely step toward translating diplomatic momentum into measurable investment outcomes.

“The strong interest from UK companies reflects growing confidence in Nigeria’s reforms and its position as a leading investment destination in Africa,” she said, adding that the Commission remains committed to facilitating investments that drive job creation and inclusive growth.

On his part, the Vice Chairman of Hitech and ITB, Ronald Chagoury Jr., highlighted recent infrastructure milestones, including a $1 billion ports transaction backed by UK Export Finance, describing it as evidence of strong international investor confidence in Nigeria’s reform agenda.

Chief Executive of DMA Invest, Atam Sandhu, said the mission reflects the value of structured, deal-focused engagement between governments and investors.

“Our role is to convene the right stakeholders and translate strategic alignment into practical commercial outcomes,” he said. “The depth of engagement across infrastructure, energy, finance and other sectors reflects the scale of opportunity in Nigeria.”

All 43 delegates participated in the UK–Nigeria Business Forum alongside senior government officials and private sector leaders from both countries. The forum provided a platform for direct engagement, relationship-building, and exploration of new commercial partnerships aligned with Nigeria’s reform priorities.

The mission is expected to strengthen long-term cooperation between both countries by accelerating investment discussions, deepening trust, and supporting sustainable economic growth.

UK–Nigeria Trade Mission Turns State Visit Momentum into High-Impact Commercial Deals Across Key Growth Sectors

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Human Rights Violation; NHRC, Police Collaborate to Prosecute Offenders

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Human Rights Violation; NHRC, Police Collaborate to Prosecute Offenders

By: Michael Mike

The National Human Rights Commission has joined forces with the Nigeria Police Force to confront rising concerns over human rights abuses, launching a high-level town hall engagement in the Federal Capital Territory aimed at entrenching accountability, professionalism, and rights-based policing.

The strategic dialogue brought together top police officials, human rights experts, and civil society actors to chart a clear path toward ending impunity, strengthening oversight, and restoring public trust in law enforcement institutions.

Representing the Inspector General of Police, Olatunji Disu, Chief Superintendent of Police, Head of the Police Ng CRU, CSP Anietie Okokon Iniedu,delivered a strong message of reform, acknowledging public outcry over misconduct and pledging decisive action to ensure officers operate strictly within the law.

“I have heard the cries of many Nigerians, and we are putting measures together to ensure that this administration will end impunity,” he said, stressing that internal oversight mechanisms, including the Complaints Response Unit (CRU), have been strengthened to enforce compliance with human rights standards and international obligations.

He assured that resolutions from the town hall would go beyond rhetoric, revealing plans to institutionalise the outcomes across all police formations nationwide—from Force Headquarters to divisional commands—ensuring reforms are fully implemented and sustained.

The Executive Secretary of the Commission, Tony Ojukwu, underscored the urgency of sustained collaboration, capacity building, and institutional discipline to curb violations within policing structures.

He warned that despite the existence of robust legal frameworks such as the Police Act 2020 and the Police Regulations 2025, enforcement remains weak at operational levels, allowing abuses such as unlawful detention, excessive force, and denial of legal representation to persist.

“Human rights are not ordinary privileges; they are fundamental constitutional guarantees that must guide every action of law enforcement agencies,” Ojukwu stated, emphasising that respect for these rights is the foundation of a just and civilised society.

Director of Civil and Political Rights at the Commission, Halilu Adamu, explained that the town hall was designed to move human rights compliance from theory to daily policing practice within the FCT.

He highlighted key reform priorities, including strengthening legal awareness among officers, enforcing due process in arrests and interrogations, and mandating the electronic recording of statements alongside the presence of legal counsel to eliminate coerced confessions.

Experts at the session also stressed the importance of aligning policing practices with the Administration of Criminal Justice Act (ACJA), noting that justice must not only be done but must be seen to be done without violating citizens’ rights.

Presentations at the forum exposed recurring abuses such as arbitrary arrests, prolonged detention without trial, and poor documentation of cases—practices that continue to erode public confidence and expose the system to legal consequences.

Participants called for stronger accountability mechanisms, including improved record-keeping, regular judicial inspections, and active oversight by magistrates and human rights bodies. They also emphasised detainees’ rights to healthcare, legal counsel, and communication with family members.

The town hall marks a critical step in ongoing reform efforts, with both the Commission and the Police vowing to translate dialogue into concrete action.

With growing public demand for justice and transparency, stakeholders say the success of the initiative will ultimately depend on sustained enforcement, institutional discipline, and a clear commitment to uphold the rule of law at every level of policing in Nigeria.

Human Rights Violation; NHRC, Police Collaborate to Prosecute Offenders

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