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European Reconstruction Bank Sites First West African Office In Lagos

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European Reconstruction Bank Sites First West African Office In Lagos

** As VP Shettima restates President Tinubu’s resolve to sustain stronger ties with EU

** Welcomes partnership with Asian Consortium to manufacture electric cars, solar equipment in Nigeria

By: Our Reporter

The Nigerian government has reiterated its deep commitment to strategic partnership with the European Union, as the European Bank for Reconstruction and Development (EBRD) prepares to open its first West African office in Lagos.

Nigeria officially became the EBRD’s 77th shareholder in February 2025, following the bank’s limited and incremental expansion to sub-Saharan Africa approved by its Board of Governors in 2023.

Speaking on Tuesday during a courtesy visit by Ambassador Gautier Mignot, Head of the European Union Delegation to Nigeria and ECOWAS, at the Presidential Villa, Vice President Kashim Shettima praised the EU’s longstanding support, highlighting the growing opportunities for cooperation in trade, investment, and youth empowerment.

“You are our natural partners and allies. Beyond the geography that binds us, we have a cultural affinity that goes back centuries,” VP Shettima said.

The Vice President noted that Nigeria is entering a new phase of economic openness under the leadership of President Bola Ahmed Tinubu, who he said took bold steps from day one to dismantle key structural challenges.

He said, “Some of the dysfunctions in the Nigerian economy – the opaque exchange rate regime and the fuel subsidy – President Tinubu had the courage to remove them. All the encumbrances toward investment in this country are gradually being eliminated.”

Welcoming the EBRD’s expansion into Nigeria, VP Shettima said the opening of its Lagos office is a symbolic and strategic development for both parties, as “it will send a message across the borders.

“More than ever before, Nigeria is ready for business,” he added, emphasising that Nigeria’s partnership with the EU extends beyond economics, just as he made reference to the EU’s significant humanitarian and stabilisation efforts in conflict-affected regions such as Borno State, where he served as governor.

“I know the prominent role that the EU played in stability and humanitarian support in Borno State. You deserve commendation, not condemnation. We will always stand by those who stood by us in our hours of need,” VP Shettima said.

The Vice President also spoke on migration cooperation, expressing satisfaction with ongoing engagements under the EU-Nigeria Readmission Agreement, and called for a revitalisation of youth-focused programmes like the Nigeria Jubilee Fellows Programme (NJFP).

“There is a need for us to recalibrate the programme for the good of our young men and women,” VP Shettima said.

Earlier in his remarks, the EU Ambassador to Nigeria, Mr. Mignot, said given the turmoil and very difficult political climate globally, it is important to have a reliable relationship with Nigeria, noting that the European Union sees Nigeria as a key partner in the 21st century.

Mr. Mignot explained that all the EU ambassadors in Nigeria have met to reaffirm their partnership with Nigeria.

He stated that the EU is a strong supporter of the UN Charter, the Sustainable Development Goals, and global gender equality initiatives of the international community.

“The EU believes in free and fair trade, international partnerships as relations among equals, mutual benefits and respecting sovereignty. West Africa and Nigeria are priorities for us because we are neighbours and our destinies are closely linked.

“Therefore, we are determined to keep our commitment globally and here in the region and Nigeria in terms of partnerships, cooperation and humanitarian aid,” he said.

VP Shettima Welcomes Partnership With Asian Consortium On Electric Cars, Solar Equipment Manufacture In Nigeria

In another development, Vice President Shettima applauded the proposal for partnership between Nigeria and the Asia Economic Development Committee (AEDC) of South Korea for solar equipment and electric vehicle manufacturing, as well as for advanced Information Technology for security enhancement in Nigeria.

He said Nigeria was ready for partnerships that would advance the industrialisation agenda of the administration of President Bola Ahmed Tinubu and improve the lives of the citizens.

The Vice President stated this on Tuesday when he received a delegation from the AEDC South Korea led by its Chairman, Mr Yoon Suk-hun, on a courtesy visit to the Presidential Villa, Abuja.

Senator Shettima added that Nigeria is open to and interested in any form of arrangements that would lead to the transfer of technology and the establishment of industries for solar equipment production and electric vehicle manufacturing in Nigeria, among others.

He reiterated the commitment of the Tinubu administration to creating the enabling environment for private investments in the country, assuring the delegation of the government’s cooperation.

“This government wants to be the facilitator for businesses to thrive in Nigeria. We will create a safe passage and a conducive environment for private businesses like yours to thrive.”

The Vice President commended South Korea’s commitment to the development of Africa, given their shared history, just as he praised the country’s investments in human resource development and technological advancement, especially in automobile manufacturing and the alternative energy sector.

Earlier, the leader of the delegation, Mr Suk-hun, said the delegation was in the country to explore areas of partnership in solar technology, electric vehicle manufacturing and information technology infrastructure for security enhancement, among others.

He said the AEDC believes in the present leadership of the country to harness the enormous potential there, leveraging technology and the resources that abound across the country.

Mr Suk-hun said the organisation’s proposal for investment in Nigeria was not for profit maximisation but to ensure the transfer of technology in key areas, including solar technology, electric vehicle manufacturing and information technology capacity for security enhancement.

Also present at the meeting were the Founder/Chairman of AMMASCO Group, Alhaji Mustapha Muhammad; Shin Kyeong-seub; Kim Se Hun and Yang Jin Won, all from the AEDC.

European Reconstruction Bank Sites First West African Office In Lagos

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One killed, another injured as gunmen invade Gari Village in Niger State

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One killed, another injured as gunmen invade Gari Village in Niger State

By: Zagazola Makama

Armed men have attacked Gari Village in Masamagu area of Niger State, killing one person and abducting another in a violent incident that occurred on Wednesday night.

Zagazola Makama gathered that the attack happened at about 9:30 p.m. on July 24, when six unidentified gunmen stormed the community and macheted a 55-year-old man, Umaru Zakiru, to death.

They also abducted one Hussaini Muhammed to an unknown destination, but the victim later escaped from captivity with a gunshot wound.

A tram of security forces responded promptly and evacuated both the deceased and the injured to the General Hospital in Kontagora for autopsy and medical treatment.

A manhunt has been launched to track down the assailants and bring them to justice.

One killed, another injured as gunmen invade Gari Village in Niger State

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Tinubu Assures Nigerians in Diaspora of Favourable Policies Towards Them

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Tinubu Assures Nigerians in Diaspora of Favourable Policies Towards Them

By: Michael Mike

President Bola Tinubu on Friday assured Nigerians in Diaspora of his administration’s determination to continue to provide the enabling environment and policies that will boost their active participation in the country’s governance.

Tinubu gave the assurance at the opening of the National Diaspora Day celebrations 2025 at the Banquet Hall, Presidential Villa, Abuja.

This year’s celebration is themed: “Optimizing formidable Diaspora Potentials for National Development and growth”.

The President, who was represented by the Secretary to the Government of the Federation, Senator George Akume, said: “We will continue to provide an enabling platform for effective policies for the Diaspora with the view to galvanizing your support for this administration and concretizing our democracy, optimizing your potentials and setting a good example for other African countries to emulate.

“Let me also state that we will look into the Challenges NiDCOM has enumerated with a view to ameliorating same so that we can harvest maximally the benefits of migration through the engagements with our Diaspora for national development and growth.”

He added that: “It is a great delight to address our over 20 million Nigerians in the diaspora on this auspicious occasion of the celebration of our National Diaspora Day 2025.”

“Only Nigerians both at home and abroad can develop Nigeria,” Tinubu stated.

The President highlighted the contributions of the diaspora, which include increasing remittances, pointing out that in 2024 alone, “Nigerians abroad sent home $20.9 billion through official channels—more than four times the value of the country’s foreign direct investment.

He said: “The Nigerians in the diaspora are also actively investing in our health care, agriculture, education, information, communication technology, housing and real estate, sports, transportation, oil and gas, and other sectors.

“This, I must say, is commendable and in our enlightened self-interest.”

The President stressed how highly the government rates the Nigerians in diaspora, saying “Our renewed hope for foreign policy recognises the diaspora as the fourth pillar for the agenda—namely democracy, demography, development, and diaspora.

In his goodwill message, the minister of Interior, Dr. Olubunmi Tunji-Ojo said:
“When you go to any part of the world, maybe in Asia, Africa, South America, you will see Nigerians excelling. Nigerians breaking barriers. Nigerians breaking ceilings. And Nigerians using ceilings as springboards to greatness.”

The Minister highlighted the economic potential of diaspora remittances—comparing Nigeria’s $21bn in 2024 remittances to $32.91bn in oil earnings and India’s $135.46bn diaspora inflows.

He said: “What does that tell you? It tells you that the power of economic emancipation, a lot of this resides within you, beyond your own imagination,” he said.

The minister also explained that the administration is laying the foundation for long-term national prosperity—even if short-term sacrifices are required.

“You cannot cure a tumor by virtue of a paracetamol. It is important that the Renewed Hope agenda of Mr. President came into being. And today, we can see the results. We can see the economic stability of this country,” he said.

Tunji-Ojo also spoke on the reforms in his ministry which include immigration and the protection of critical national infrastructure.

He therefore called on the diaspora community to trust in the country’s direction under President Tinubu’s leadership.

“Nigeria has never been ready for investment more than now. We are ready for investment.

“I assure you, under the leadership of this President, you will never regret your investment. Nigeria loves you. Nigeria cares about you. And this particular administration cares about you,” he said.

Earlier, in her remark, Chairman of the Nigerians in Diaspora Commission, Dr. Abike Dabiri-Erewa, said “The theme is apt to appreciate the efforts of both the government and the diaspora community in nation building and also to discuss how to make diaspora engagements better for national development.”

She emphasised the role of Nigerians in diaspora in the country’s development.

Dabiri-Erewa announced a proposed Diaspora Presidential Fellowship Programme. The initiative would allow professionals in the diaspora to take part in six-month sabbaticals in Nigeria, aimed at promoting knowledge transfer and innovation across sectors.

“It will strengthen their role in nation-building and serve as a knowledge-driven giveback to the fatherland,” she added.

Highlights of the event was the unveiling of a new Diaspora Home and Abroad Housing Platform, aimed at providing secure housing opportunities for diaspora Nigerians seeking to invest back home.

Tinubu Assures Nigerians in Diaspora of Favourable Policies Towards Them

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Nasarawa: Security operatives arrest six over kidnapping, rape and robbery in Doma

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Nasarawa: Security operatives arrest six over kidnapping, rape and robbery in Doma

By: Zagazola Makama

Security operatives in Nasarawa State have arrested six suspected members of a notorious armed robbery and kidnapping gang responsible for a series of violent crimes in Yelwa Ediya village, Doma Local Government Area.

The suspects, identified as Darda’u Shehu, Yunusa Malami Hashimu, Musa Abubakar, Ibrahim Musa, Mohammed Musa, and Jibrin Lafia, were apprehended during a coordinated raid based on actionable intelligence from a concerned resident.

During interrogation, the suspects reportedly confessed to their involvement in the kidnapping of a local councillor, Hon. Ari Muhammad, on May 26, 2025. They further disclosed that one of their members, Darda’u Shehu, raped the councillor’s wife, Talatu Ari, during the abduction and stole two mobile phones an Infinix Note 30 valued at ₦250,000 and a Tecno phone valued at ₦20,000.

The gang also confessed to mounting a roadblock along the Doma–Yelwa Road on July 19, where they attacked one Ibrahim Haruna and snatched his Bajaj motorcycle worth ₦970,000.

Recovered from the suspects were ₦100,000 in cash and one Bajaj motorcycle believed to have been taken from one of their victims.

The suspects also named their gang leaders as Bammi Alhaji Amme (alias Zomo) and one Lawali (surname unknown), who are currently on the run.

Efforts are ongoing to apprehend the remaining members of the gang and bring them to justice.
End

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