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Dabiri-Erewa: Nigeria gained over N673 million worth of investments via Nigeria Diaspora Investment Summit in 2024

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Dabiri-Erewa: Nigeria gained over N673 million worth of investments via Nigeria Diaspora Investment Summit in 2024

By: Michael Mike

Nigeria gained over N673 million worth in Diaspora Investment Deals in 2024 through the efforts of the the Nigeria Diaspora Investment Summit, the Chairman/CEO Nigerians in Diaspora Commission (NIDCOM) Hon. Abike Dabiri-Erewa

Dabiri-Erewa, who briefed the media ahead of the NDIS 2025 Summit, also said the summit supported Nigeria’s local economy – contributing over ₦500 million to service providers, creatives, and SMEs engaged around the event since inception in 2018.

The NIDCOM boss also disclosed that President Bola Tinubu is expected as the guest of honour at this year’s Nigeria’s Diaspora Investment Summit scheduled for 11-13 November 2025 in Abuja.

She revealed that no fewer than 3,000 online and physical participants are expected to participate at the 8th edition of the Summit.

Dabiri-Erewa said with the Summit themed: “Fast-Tracking Regional and National Development by Mobilising Diaspora Investment,” “We are determined to build on this momentum. This year, we will continue to spotlight sectors critical to Nigeria’s transformation: Finance and Fintech; ICT; Creative Industries, Sports and Entertainment; Agribusiness; Healthcare; Education; Real Estate and Infrastructure; Manufacturing and Energy.”

She added that: “We are honoured that His Excellency, President Bola Ahmed Tinubu GCFR, President of the Federal Republic of Nigeria, will once again serve as the Special Guest of Honour and we anticipate the participation of distinguished business leaders, diaspora investors, policy champions, and creative icons who continue to inspire confidence in Nigeria’s potential.”

She noted that since the inception in 2018, the NDIS has become a trusted platform that fosters ‘direct, credible and impactful investments’ from the Nigerian diaspora into the local economy.

She said: “The last edition of the Summit, held in November 2024, showed just how much momentum NDIS has built over the years as it welcomed above 1,500 participants, both online and physically including 236 investors, 1,197 business owners and 168 government officials. Over the course of the Summit, a total of 56 pitches were presented across eight key sectors which highlighted the creativity, determination, and entrepreneurial spirit of Nigerians. These ideas were not just pitched but attracted about 168 deals worth about N673 million.

The Creative, Entertainment, and Sport sector stole the spotlight with 39 deals, showing just how much talent and energy Nigeria has to offer. But when it came to big money, Infrastructure and Real Estate led the way, securing about ₦201 million across 22 deals. Energy, though quieter with just four deals, still drew an impressive ₦172 million. Agribusiness made its mark too, with 28 deals bringing in ₦103 million. While the numbers are impressive, the true story lies in the impact these investments are having on everyday lives in Nigeria. They are helping to create jobs for young people, giving them opportunities to learn new skills and earn a living. They are helping businesses expand their operations, reach new markets, and become more competitive. For example, GAIN Business Incubator raised over ₦200 million to expand its operations. Xtralarge Farms secured international distribution deals through connections made at the Summit. Filmmakers like JohnMark Iyoo found mentors and pathways to bring Nigerian stories to a global audience.”

She noted that several state governments, including Ondo, Nasarawa, and Borno, have leveraged the Summit in previous years, to attract investors and advance major development projects, such as Ondo’s port initiative which later gained Federal Government approval.

She also pointed out that: “These outcomes show that NDIS is more than a conference; it is a catalyst for enterprise and sustainable partnership.”

She therefore called on Nigerians in the diaspora and those at home, to seize emerging investment opportunities through the Nigeria Diaspora Investment Summit (NDIS) and invest massively for Nigeria’s economic development.

She asserted that NDIS has grown beyond being a conference but as a catalyst for enterprise and sustainable development, which has fostered job creation, youth empowerment, and connecting Nigeria’s enormous talent pool to its development agenda.

On her part, Chairperson of the Nigeria Diaspora Summit Initiative (NDSI), Dr. Badewa Adejugbe-Williams noted that over the years, the summit has served as a vital bridge, attracting investments and unlocking the vast potential of the diaspora for Nigeria’s development.

She added that this year’s theme aligns perfectly with the Renewed Hope Agenda, which seeks to diversify the nation’s economy and drive inclusive growth and sustainable development.

Dr. Adejugbe-Williams also encouraged new sponsors, investors, and media partners to amplify the message of the Summit and take advantage of the opportunities it presents.

Organised by NiDCOM with NDSI, the Summit connects Diaspora investors with local entrepreneurs across key sectors including Finance and Fintech, ICT, Creative Industries, Sports, Agribusiness, Healthcare, Education, Real Estate, Infrastructure, Manufacturing and Energy.

Meanwhile, all participants are urged to register at www.ndisng.com.

Dabiri-Erewa: Nigeria gained over N673 million worth of investments via Nigeria Diaspora Investment Summit in 2024

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Leadership Amid Turbulence: The Stewardship of Dr. Lucky Ikharo at the National Assembly Service Commission

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Leadership Amid Turbulence: The Stewardship of Dr. Lucky Ikharo at the National Assembly Service Commission

By Ayo Ajayi

In times of institutional uncertainty, leadership is often tested not by comfort but by crisis. At the National Assembly Service Commission (NASC), Abuja, such a moment emerged amid internal tensions and the spread of misinformation among sections of the workforce. At the centre of this storm stood the Commission’s Secretary, Dr. Lucky Ikharo, whose calm disposition and administrative experience have helped steady the institution through turbulent waters.

For many within the Commission, the period has been marked by a mix of rumours, misrepresentation, and what some observers describe as half-baked narratives circulating among staff who may not be fully informed about the workings of the system. In such an atmosphere, maintaining discipline, order, and institutional focus requires more than routine administration—it demands patience, clarity of purpose, and steady leadership.

Dr. Ikharo has sought to provide exactly that. Known among colleagues for his methodical approach to public service administration, he has remained focused on ensuring that the Commission continues to function effectively despite the distractions created by internal disagreements and misinformation.
‎His journey within the National Assembly bureaucracy reflects years of dedication to institutional development.

‎Dr. Ikharo joined the National Assembly Service Commission in 2002 as an Assistant Chief Administrative Officer. Through diligence and professional commitment, he steadily rose through the ranks of the public service, eventually attaining the position of Director in 2017.

Dr  Lucky  Ikharo was among the pioneer staff members entrusted with the responsibility of coordinating the Commission’s Meeting Secretariat, a role he diligently handled for over nine years. In that capacity, he played a critical role in ensuring the smooth organization and documentation of the Commission’s high-level deliberations.

Following this period, Dr. Ikharo broadened his administrative horizon by serving in various departments within the Commission. These experiences exposed him to the diverse operational dynamics of the institution and helped shape his deep understanding of its administrative processes.

Dr. Ikharo serves as the Secretary to the Commission. His journey through different strategic units of the organisation has positioned him well for the role, affirming the popular saying that he is indeed a round peg in a round hole.

Over the years, he has held several strategic positions within the Commission. Between 2017 and 2019, he served as Director of Promotions, Discipline and Appeals, a role that placed him at the heart of staff management and administrative justice within the organisation. He later served as Director of Procurement and General Services from 2019 to 2020, overseeing critical operational and procurement processes of the Commission.

Beyond his administrative responsibilities, Dr. Ikharo is also a fellow of the Nigerian Institute of Training and Development (NITAD), reflecting his commitment to professional development and capacity building in public service.Observers say his leadership style is defined by calm engagement rather than confrontation. At a time when rumours and internal tensions threaten to distract the Commission from its statutory mandate, his stewardship has focused on maintaining stability, reinforcing administrative procedures, and ensuring that the institution continues to carry out its responsibilities to the legislature and the Nigerian public.

Indeed, leadership within public institutions often unfolds quietly, away from public applause. Yet it is precisely in such moments of internal turbulence that the character of a public administrator becomes most visible. For Dr. Lucky Ikharo, the challenge has been to keep the Commission steady, demonstrating that experience, patience, and commitment to institutional integrity remain essential pillars of effective public service leadership.

Leadership Amid Turbulence: The Stewardship of Dr. Lucky Ikharo at the National Assembly Service Commission

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ECOWAS Sounds Alarm Over Gulf Escalation, Warns of Economic Shockwaves for West Africa

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ECOWAS Sounds Alarm Over Gulf Escalation, Warns of Economic Shockwaves for West Africa

By: Michael Mike

The Economic Community of West African States (ECOWAS) has raised fresh concerns over the escalating hostilities in the Gulf region, cautioning that a prolonged conflict could unleash severe economic and security repercussions far beyond the Middle East, with Africa among the hardest hit.

In a statement issued under the chairmanship of Julius Maada Bio, President of Sierra Leone, the 12-member regional bloc aligned itself with the position earlier expressed by the African Union Commission, which has voiced deep unease over the intensifying military exchanges.

The warning comes at a time when global energy markets are already on edge. The Gulf region remains central to international oil and gas supplies, accounting for a significant share of global crude exports. For West African economies — many of which are net importers of refined petroleum products despite being crude producers — volatility in oil prices translates quickly into domestic inflation, currency pressures and rising transport and food costs.

ECOWAS noted that beyond energy, the Gulf serves as a strategic artery for global trade. Key maritime routes, including those connected to the Strait of Hormuz, facilitate the movement of energy supplies and commercial goods between Asia, Europe and Africa. Any disruption risks compounding supply chain fragilities that have persisted since the COVID-19 pandemic and the Russia-Ukraine conflict.

For food-import-dependent nations across West Africa, the stakes are particularly high. Many countries in the region rely heavily on imported wheat, fertiliser and other agricultural inputs sourced through global supply chains sensitive to geopolitical shocks. Previous international crises have demonstrated how quickly distant conflicts can drive up bread prices and deepen food insecurity in African cities.

In its statement, ECOWAS urged all parties to exercise maximum restraint and adhere strictly to international law and the principles of the United Nations Charter, including respect for sovereignty, territorial integrity and the peaceful settlement of disputes. It stressed that civilian lives and critical infrastructure must be protected at all times.

The bloc also called for renewed diplomatic engagement within established international and regional frameworks, arguing that dialogue remains the only sustainable path to de-escalation. West African leaders have historically positioned the region as a strong advocate for multilateralism, often promoting negotiated settlements in conflicts both within and outside the continent.

Analysts observe that ECOWAS’ swift alignment with the African Union reflects a broader concern about the cumulative impact of global instability on African economies already grappling with debt burdens, currency depreciation and climate-related pressures. Rising energy prices could strain public finances, while shipping disruptions could intensify shortages of essential commodities.

The statement underscores a growing recognition among African policymakers that geopolitical flashpoints thousands of miles away can have immediate and tangible consequences at home. As tensions mount in the Gulf, ECOWAS has signalled that West Africa is watching closely — and urging diplomacy over escalation in the interest of global and regional stability.

ECOWAS Sounds Alarm Over Gulf Escalation, Warns of Economic Shockwaves for West Africa

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Army troops foils ISWAP attack on picketing troops in Konduga, Borno

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Army troops foils ISWAP attack on picketing troops in Konduga, Borno

By: Zagazola Makama

Troops of Joint Task Force Operation HADIN KAI under the 21 Special Armoured Brigade have successfully repelled an attack by suspected Islamic State West Africa Province (ISWAP) terrorists on picketing personnel in the North East, of Konduga Borno state.

According to sources at about 1215 hours on February 26, picketing troops at checkpoint came under attack by elements of Boko Haram terrorists.

The soldiers responded aggressively while the Quick Reaction Force (QRF), led by the Sunray team, swiftly mobilised to the contact point where fire was exchanged with the terrorists. The attackers reportedly fled into the Yale Forest following the encounter.

In the aftermath, troops conducted exploitation along the terrorists’ withdrawal route and recovered one PKT believed to belong to the attackers.

The sources confirmed that the operation did not result in any casualties or injuries among the JTF personnel, and no equipment was lost.

The JTF added that monitoring of the area continues, and the morale and fighting efficiency of the troops remain satisfactory.

The sources said that the latest operation demonstrates the continued vigilance and readiness of the JTF in the North East to protect civilians and deny terrorists freedom of movement.
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