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ECONOMIC DIVERSIFICATION
ECONOMIC DIVERSIFICATION:
We’ll Prioritize Digital Technology, Clean Energy, Others Under Tinubu – VP Shettima
By: Our Reporter
Vice President Kashim Shettima has said Nigeria’s huge potentials in digital technology, the outsourcing industry and the clean energy sector will continue to incentivize investments in its energy transition plan and agenda to diversify the economy.
He stated this on Monday when he received Denmark’s Minister for Development Cooperation and Global Climate Policy, Mr Dan Jorgensen, on a courtesy visit to the presidential villa.
Shedding light on Nigeria’s climate objectives under the administration of President Bola Ahmed Tinubu, the Vice President noted that investments in digital technology, clean energy and other sectors had become a priority as a result of the dwindling fortunes of the oil economy.

Sen. Shettima said, “We are facing challenges but where there is a will, there is a way. The President is a man imbued with passion, intellect and capacity to lead the nation on the path of prosperity and progress. He really wants to bring a new lease of life to the Nigerian nation because if Nigeria works, Africa works.
“Oil will still be relevant because of its other derivatives for the next decades but as the primary driver of the economy, the role of oil will diminish in the coming years. This is why it is a priority for us to think out of the box to find alternatives. This is why we are looking for investments in digital technology, clean energy and other sectors. We have a lot of opportunities for partnership and collaboration.”
VP Shettima identified the strength of Nigeria’s population as a huge resource for the transformation of Africa, noting that the continent’s transformation could be fast-tracked by green and sustainable energy.
Soliciting the support of the Danish Government and the Global Centre on Adaptation for Africa and Nigeria’s Climate Action, the VP maintained that “once there is sustainable energy, the people of the continent will key into Africa’s development aspirations.
“So, I will solicit your understanding and support to save Africa,” he added, stating that the support of the Centre is necessary to accelerate climate action and fast-track adaptation to solutions, focusing on the most vulnerable people in Africa.
The Vice President commended Denmark for its leading role in global climate action, while soliciting the support of the government of that country.
“With our shared humanity, we are facing real existential threats but we are very proud of Denmark because of its climate consciousness. You are doing well. There is room for us to have a mutually beneficial partnership,” he stated.
VP Shettima further delved into the political instability in parts of West Africa, saying Nigeria has taken a firm position against military coups and to defend the cause of democracy and human rights, noting that “Nigeria is actually the beacon of hope and stability in a turbulent region.”
Earlier, the Danish Minister for Development Cooperation and Global Climate Policy, Jorgensen, expressed his admiration for Nigeria’s leadership and commitment to climate sustainability.
He noted that Nigeria’s leadership role in addressing regional stability and its commitment to a just energy transition present significant opportunities for further collaboration between Denmark and Nigeria.
“We cherish the relationship between Denmark and Nigeria very highly. We are extremely impressed with the agenda of the new administration. You are definitely showing leadership in the way you are facing the challenges of your country,” Jorgensen said.
Emphasising the shared understanding between Denmark and Nigeria on the importance of climate action, he said, “We also share a common understanding that common understanding and climate sustainability is a political question that is not only noble but also working.”
The Danish Minister commended Nigeria’s stability and positive influence in a region often facing challenges. “I also want to commend Nigeria for being a stable country doing a lot of positive difference in a region that is sometimes challenging,” he stated.
Jorgensen drew a stark contrast between Nigeria’s stability and the recent coup experienced in neighboring Niger, saying, “Just six months ago, I visited Niger Republic and we signed a memorandum of understanding with the President; only for a few weeks later, the country experienced a coup.”
Applauding Nigeria’s role in advocating for the restoration of civilian rule in Niger, he said, “We definitely commend Nigeria’s role in trying to put pressure on the coup leaders with regards to reinstating the civilian government”.
He expressed optimism about the future of collaboration between Denmark and Nigeria on energy transition, citing the memorandum of understanding to be signed between the two countries, just as he emphasised the importance of ensuring a just transition in the shift towards renewable energy sources.
“At the core of this is the question of how do we make this a just transition; how do we make sure that the people that are dependent on oil and gas don’t lose their jobs there?” He inquired.
To ensure a just transition, Jorgensen advocated a regular assessment of the needs of vulnerable groups, stressing that “the needs of poor, vulnerable and marginalized groups must be assessed regularly to ensure reliable access to clean energy at affordable prices”.
He implored Vice President Shettima to ensure that the memorandum of understanding is signed to serve as a framework for future collaboration between Norway and Nigeria on energy transition.
Also speaking, Nigeria’s Minister of Art, Culture and Creative Economy, Hannatu Musawa, said the ministry is using messaging to take forward a lot of the initiatives that the government has put on ground.
“When we talk about climate change, we should be responsible enough to keep the preservation of the world for the next generation to benefit from it.
“Climate change is at the very top of our agenda as a government, especially now that Nigeria is at the precipice of being at the very top. We want to see how Nigeria and the Danish government can have cross-collaboration in this regard and also intercultural collaborations,” she said.
Present at the meeting were Amb. Sune Krogstrup, Canadian Ambassador to Nigeria; Amb. Ole Thonke, Understand-Secretary of State; Sandra Sichlau, Private Secretary to the Minister; Mr Ketil Karlsen, Head of Africa Department and Ida Krogh Mikkelsen, Special Adviser, among others.
ECONOMIC DIVERSIFICATION
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After Boko Haram’s destructions, Governor Buni built modern markets across Yobe
After Boko Haram’s destructions, Governor Buni built modern markets across Yobe
By: Yahaya Wakili
Yobe State is one of the states whose economic activities were destroyed and suffered from the Boko Haram insurgency in the northeastern part of Nigeria, and in its effort to expand the economic activities in the state and also to provide infrastructure facilities to the citizens of the state after recovery from the Boko Haram insurgency. His Excellency, the Executive Governor of Yobe State, Hon. Mai Mala Buni, has built modern markets across the state in order to boost the economy and businesses in the state. The Commissioner of Home Affairs and Information, Hon. Abdullahi Bego, said there are two types of markets that His Excellency built. The first one is the ultramodern markets: one in Potiskum, one in Damaturu, the state capital, one in Geidam, one in Gashu’a, and another one in Nguru town. The major towns of Yobe State have one each of these markets. And also, we have the modern markets: one in Yunusari, one in Machina, one in Ngalda, and one in Buni Yadi, an ongoing project.

The commissioner of Housing and Rural Development, Architect Ahmed Buba, said His Excellency has constructed 9 modern markets across the state; we have 5 ultramodern markets completed with one ongoing, making 6; and also we have 4 modern markets, and Potiskum ultramodern markets have 500 shops, 192 stalls, and 12 warehouses large enough to accommodate about 12 trucks each, and also they have about 3 kilometers of roads and drainages as well as an administration block and praying ground. The markets are opening up economic activities in Yobe State, and with these markets the economy of Yobe is now building up, and then with the modern markets the businesses are fully on course.
Bego said, “Yobe State Woven and Polythene Company has been an existing company for a long time, and His Excellency Governor Mai Mala Buni is retrofitting and rehabilitating it and making it modern and new.” He starts with the structure, renovating and improving the structure and equipment that are already imported; we are just waiting for the arrival. When they come, they will be installed, and work will start. We produce a lot of grains in Yobe as an agrarian state, so we don’t need to buy all the sacks, all the woven sacks, and all the polythene bags that were used for those grains and other things like that. So this company has existed for a long time but is comatose and dormant. His Excellency has decided to breathe a new spirit into it, retrofitting it, reconstructing it, rebuilding it literally, and then providing equipment. As you can see, the number of people is very few in terms of job creation and in terms of economic activities that will be spanned around this area.

The Mega Motor Park: The former motor park, due to the expansion of that place. His Excellency directed the ministry of housing to identify a site far away from the city; from that roundabout we have a bypass, and henceforth motor vehicles do not pass through Damaturu. They can stop here, and from here other vehicles can transport them to the city center. The commissioner of Housing and Rural Development, Architect Ahmed Buba, said, “This is Damaturu Mega Motor Park, with a capacity of about 500 vehicles. We have a drivers’ lodge, which is going to accommodate up to 150 drivers at a time; we have a terminal building; we have a police station outpost; and we have the clinic, restaurant, and quite a few more.”
Engr. Muhammed Abba Hassan, General Coordinator for the project, said, “This project is awarded to Samsun Nigeria Ltd by the Yobe state government. We started this project about 6 months ago. At this level, we have reached almost over 80 percent, and we expect to complete this project within the stipulated contract agreement. Inshallah, by the end of March, this project will be fully completed.” This Damaturu Mega Motor Park is one of the mega motor parks of its type in Nigeria. We have almost every facility here. We have enough accommodation for travelers and accommodation also for drivers. We have a shop complex, we have a fire service, and we have a comprehensive health clinic that can accommodate not only the passengers but also the environment of this town. We can handle it as far as concern goes; we delivered this project within the stipulated period of time.
Township Stadium in Buni Yadi: This township stadium here in Buni Yadi is transforming sport, which will transform sport in Yobe State. The Permanent Secretary of the Ministry of Youth and Sport, Alhaji Gidado Abubakar, said this project was awarded at the end of September last year to Damuli Investment Company Ltd. for the award of contract for the construction of a mini stadium in Buni Yadi. This is a post-insurgency project being awarded by the state government through the window of the Ministry of Youth, Sport, and Community Development. We signed a 6-month mandate giving the contractor the handing over of the project to the ministry for onward utilization, and about 65% of the project has been achieved. The capacity of the mini stadium is about 5,000 to 6,000 pupils; we have a multipurpose fit, we have badminton, basketball, and the other games, and we have about 78 different games in this project, and it is 250 meters by 200 meters, and 75 thousand square meters.
After Boko Haram’s destructions, Governor Buni built modern markets across Yobe
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U.S. and Nigeria Forge Stronger Trade Ties Through New Investment Partnership
U.S. and Nigeria Forge Stronger Trade Ties Through New Investment Partnership
By: Michael Mike
The United States and Nigeria have taken a significant step to deepen commercial relations with the U.S.-Nigeria Commercial and Investment Partnership (CIP), a five-year initiative aimed at boosting trade, investment, and private sector growth.
The partnership was highlighted at a ministerial meeting in Lagos co-chaired by U.S. Deputy Assistant Secretary for the U.S. Commercial Service Bradley McKinney and Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole. The meeting brought together government officials and private sector leaders to review proposed reforms from the CIP Working Groups on Agriculture, Digital Economy, and Infrastructure.

The Working Groups presented strategies intended to improve the business environment, ease trade barriers, and attract investment. McKinney described the proposals as practical measures that could strengthen bilateral trade and create new economic opportunities for both nations.
Oduwole emphasized Nigeria’s commitment to expanding non-oil exports and making local businesses more competitive in global markets. “We are focused on creating sustainable and inclusive opportunities for Nigerian companies to access U.S. markets and beyond,” she said, noting ongoing efforts to implement reforms that make Nigeria’s economy more predictable and investment-friendly.
Senior officials from both countries attended the session, including U.S. Mission Chargé d’Affaires Keith Heffern and Nigeria’s Permanent Secretary of the Ministry of Industry, Trade and Investment, Ambassador Nura Rimi.
The partnership is expected to facilitate continued consultations on trade and investment, encourage two-way investment flows, and support economic growth on both sides of the Atlantic.
In 2024, bilateral trade in goods and services between Nigeria and the United States reached nearly $13 billion. U.S. foreign direct investment in Nigeria also rose to $7.9 billion, reflecting a 25 percent increase from the previous year, making the U.S. one of Nigeria’s top foreign investors.
U.S. and Nigeria Forge Stronger Trade Ties Through New Investment Partnership
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Six killed, others injured, abducted in bandit attack on Tsafe community
Six killed, others injured, abducted in bandit attack on Tsafe community
By: Zagazola Makama
At least six persons were killed and several others injured when armed bandits attacked Kanbiri village via Kwaren Ganuwa in Tsafe Local Government Area of Zamfara on Thursday afternoon.
Residents said the assailants stormed the community at about 2:50 p.m., shooting sporadically and causing panic among villagers.
“They shot many people. Six were confirmed dead on the spot, while others sustained gunshot injuries,” a local source said.
The attackers were also reported to have abducted an unspecified number of residents and taken them to an unknown destination.
Troops and other responders have since moved into the area to evacuate the corpses for burial and to begin efforts to locate and rescue the abducted victims.
Kanbiri and surrounding communities in Tsafe LGA have experienced repeated attacks in recent months, as bandit groups continue to target rural settlements in Zamfara.
Six killed, others injured, abducted in bandit attack on Tsafe community
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