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Investor Roadshow to Hold in Nigeria to Attract US Investment to Nigeria
Investor Roadshow to Hold in Nigeria to Attract US Investment to Nigeria
By: Michael Mike
The United States government, through the U.S. Agency for International Development (USAID) Mission in Nigeria and U.S. government Prosper Africa and Power Africa initiatives, are hosting an investor roadshow from October 9-13 to expose U.S. investors to investment opportunities and the investment ecosystem in Nigeria.
A statement on Friday by the United States Diplomatic Mission to Nigeria, Public Affairs Section said twelve executives from leading U.S. pension funds and financial service providers, managing over $1 trillion in assets, are meeting with Nigerian companies and fund managers during the investor trip.
The roadshow is expected to raise awareness around investment opportunities in the country, particularly in infrastructure, and to build relationships among U.S. and African investors and fund managers.
The statement read that: “With a strategic geographic location, a diverse population, and a commitment to economic transformation, Nigeria presents a compelling investment destination. Nigeria has the largest economy in Africa, with a gross domestic product (GDP) of USD $477 billion as of 2022, and a diverse range of industries, including oil and gas, agriculture, and telecommunications. A research report published by Goldman Sachs highlighted that Nigeria has the potential to be one of the top five global economies by 2075.
“The roadshow comes at an opportune time, given the significant reforms instituted by the Nigerian government under a new Administration. A key objective of the trip is to break down information gaps on the country’s business environment and real and perceived risks, so that investors can accurately assess business and project opportunities.”
The U.S. Consul General to Lagos, Will Stevens noted that: “Beyond advancing specific investment opportunities, this trip is about building enduring trade and investment relationships between America and our Nigerian partners. I would like to thank the U.S. Agency for International Development for supporting this inaugural delegation of U.S. investors, in partnership with Chapel Hill Denham and International Investor Network.”
According to the statement, throughout the week, the investors are scheduled to participate in site visits, events, and investor pitch sessions in Abuja and Lagos, Africa’s commercial capital and the sub-Saharan Africa region’s fourth largest economy. They will also engage with U.S. Government representatives to understand U.S. trade and investment priorities in the region and learn more about U.S. Government resources available to support investors.
This roadshow advances USAID’s efforts to mobilize greater private sector investment into infrastructure projects in priority sectors including agriculture; water, sanitation, and hygiene; and renewable energy. In addition, it advances Prosper Africa’s mandate as a presidential initiative to transform the economic relationship between Africa and the United States and drive large scale investment to the continent.
The visit follows the “Investing in Development” conference, held earlier this year in Nigeria, which highlighted that greater private sector investment in infrastructure is a key pathway to achieving Nigeria’s development objectives. The trip is part of a series of U.S. institutional investor trips to Africa in 2023, organized under the Prosper Africa initiative, to South Africa, Morocco, Egypt, and Botswana.
Investor Roadshow to Hold in Nigeria to Attract US Investment to Nigeria
Remi Tinubu commissions nursing quarters, two mega schools in Borno
By: Michael Mike
The First Lady of Nigeria, Senator Oluremi Tinubu, on Monday commissioned newly completed nursing quarters and two mega primary schools in Maiduguri, the Borno State capital, as part of ongoing efforts to strengthen healthcare delivery and expand access to quality education in the state.
The projects were executed under Governor Babagana Zulum’s administration, which has continued to prioritize infrastructure development in the health and education sectors.
The newly inaugurated nursing quarters, located beside the State Specialist Hospital, consist of eight blocks of six flats each. The housing units are fully furnished and fitted with air-conditioning systems to improve living conditions for medical personnel.
In the education sector, Senator Tinubu also commissioned Aliyakeri and Abbaganaram Mega Primary Schools. Each facility features 48 classrooms designed to accommodate thousands of pupils, alongside ICT centres, modern sports facilities, e-learning platforms, and solar-powered systems to ensure uninterrupted academic activities.
Speaking at the ceremony, the First Lady commended Governor Zulum’s leadership style, describing the projects as people-focused and impactful.
“What we have seen so far in Borno is quite encouraging. You have done very well, and I am truly honoured to be part of this commissioning,” she said.
Governor Zulum’s administration has reportedly completed 104 mega schools across the state, with additional projects ongoing across Borno’s 27 local government areas.
During the event, Senator Tinubu also flagged off a N200 million empowerment programme targeting 2,000 vulnerable women. Each beneficiary is expected to receive N100,000 alongside a sewing machine to support small-scale businesses and improve household income.
The First Lady praised the initiative, noting that it aligns with national efforts to strengthen community-based economic empowerment and food security programmes.
Under the distribution plan, 400 women were selected from Maiduguri metropolis, 200 from Jere Local Government Area, 100 from Biu, while 50 beneficiaries were drawn from each of the remaining 24 local government areas.
In addition, eight outstanding education workers, including teachers, head teachers, principals, TVET coordinators, and ministry staff, were presented with brand-new utility vehicles in recognition of their service.
In a related gesture, Governor Zulum also presented a house to a ministry watchman, Baba Modu Fandi, in appreciation of his dedication, while Senator Tinubu further supported him with an additional ₦2 million financial assistance.
Remi Tinubu commissions nursing quarters, two mega schools in Borno
Two Men Sustain Severe Injuries in Mutual Attack Over Mining Site Dispute in Niger State
By: Zagazola Makama
Two men are receiving treatment at a hospital in Niger State after sustaining serious injuries in a violent altercation reportedly linked to a dispute at an illegal mining site.
Security sources told Zagazola that the incident occurred in a Fulani settlement near Iwa village in Gurara Local Government Area.
The sources said the matter was reported to the police on April 25 at about 1:30 p.m. after the victims were brought in by the Officer-in-Charge of Iwa Outstation.
According to the sources, the confrontation began on April 24 at about 9:00 a.m. when Jibril Yusuf, 22, allegedly went to the hut of Haruna Tukur, 35, and set him ablaze after a misunderstanding at an illegal mining site.
The sources further stated that Haruna Tukur, in retaliation, attacked Jibril Yusuf with a machete, severing his fingers during the violent exchange.
Both men were rushed to the General Hospital in Gawu Babangida, where they are currently responding to treatment.
Security operatives said investigations have commenced to determine the full circumstances surrounding the incident, while the case remains under active review.
Two Men Sustain Severe Injuries in Mutual Attack Over Mining Site Dispute in Niger State
Windstorm Damages NYSC Camp in Niger, Two Children Injured
By: Zagazola Makama
A heavy windstorm following a downpour has caused partial damage to structures at the National Youth Service Corps (NYSC) Orientation Camp in Paiko, Niger State, leaving two children injured.
Security sources told Zagazola that the incident occurred on April 25 at about 8:00 p.m. when strong winds brought down parts of the camp infrastructure during the rainfall.
The sources said police personnel were immediately mobilised to the scene to restore order and provide security, while some corps members were safely evacuated from affected areas.
According to the sources, no loss of life was recorded in the incident.
However, two girls identified as Fati Abdul, 12, and Adewumi Adesola, 11, sustained minor injuries during the incident. They were taken to a medical facility, treated and later discharged.
The sources added that normalcy has since been restored at the camp, while the area remains calm and under observation to ensure continued safety of occupants.
Windstorm Damages NYSC Camp in Niger, Two Children Injured
Remi Tinubu commissions nursing quarters, two mega schools in Borno
Two Men Sustain Severe Injuries in Mutual Attack Over Mining Site Dispute in Niger State
Windstorm Damages NYSC Camp in Niger, Two Children Injured
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