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Investor Roadshow to Hold in Nigeria to Attract US Investment to Nigeria

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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

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Several terrorists killed as Air Force destroys enclave in Sambisa Forest air strike

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Several terrorists killed as Air Force destroys enclave in Sambisa Forest air strike

By: Zagazola Makama

The Air Component of Operation Hadin Kai have eliminated several terrorists following a precision air interdiction mission conducted on a known terrorist enclave at Yuwe in the Sambisa Forest general area.

Military sources said the operation was carried out on April 19 at about 5:45 p.m. by the Phantom Formation in collaboration with the Grey Raptor platform in support of battlefield air interdiction operations.

The mission, was launched following credible intelligence and confirmatory intelligence, surveillance and reconnaissance (ISR) that revealed active terrorist presence and fortified structures, including suspected bunkers within the area.

Upon arrival over the target location in the Sambisa Forest axis of Sambisa Forest, the air crew identified designated targets and engaged them with precision munitions.

Security sources said the strike successfully destroyed multiple terrorist logistics structures, including shelters and operational hideouts, while several terrorists were killed in the attack.

The operation is part of sustained air and ground offensives aimed at degrading terrorist capabilities, disrupting their supply chains, and denying them freedom of movement within the theatre of operations.

Military high command reiterated that ongoing joint operations are designed to maintain pressure on terrorist elements and ensure the gradual restoration of stability across affected areas.

They further assured that intelligence-led air strikes will continue in coordination with ground forces to dismantle remaining terrorist networks and enclaves.

Several terrorists killed as Air Force destroys enclave in Sambisa Forest air strike

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One killed by Fulani bandit in isolated attack along Sabon Gida axis in Plateau

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One killed by Fulani bandit in isolated attack along Sabon Gida axis in Plateau

By: Zagazola Makama

A 32-year-old man, identified as Mr Gideon Luka from Mangu but resident in Sabon Gida, has been killed in an isolated attack along Sabon Gida axis in Gyel District of Plateau State.

Security sources told Zagazola Makama that the troops of Operation Steadfast Peace (OPEP) were alerted to the incident and swiftly mobilised to the scene, where the victim was discovered with machete injuries on the forehead and stomach.

According to an eyewitness, Mr Dogara Peter, who was with the deceased before the incident, the attack occurred on April 19 at about 7:00 p.m. when both men were riding on a motorcycle from Sabon Gida to SOT area in Gyel District.

The eyewitness said they were ambushed near Sabon Gida Primary School by two unidentified youths, one of whom was reportedly armed with a stick.

He explained that he managed to escape during the attack and initially believed his companion had also fled the scene.

However, residents later launched a search in the early hours of the morning and discovered the victim’s body.

Security sources confirmed that the victim was evacuated for assessment, while troops extended condolences to the family and urged residents not to take the law into their own hands.

They added that preliminary investigation had commenced to identify and apprehend those responsible for the attack.

One killed by Fulani bandit in isolated attack along Sabon Gida axis in Plateau

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One killed, three injured as gunmen attack Plateau community in reprisal over livestock incident

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One killed, three injured as gunmen attack Plateau community in reprisal over livestock incident

By: Zagazola Makama

Gunmen suspected to be Fulani bandits have killed one person and injured three others in an attack on Shonong community in Bachi District, Riyom Local Government Area of Plateau State, in a sustained reprisal attack linked to an earlier livestock-related incident.

Security sources said the attack occurred at about 8:40 p.m. on April 19 when the armed men invaded the community and opened fire on residents.

The sources said the assault was believed to be in retaliation over the killing of nine livestock in the area, an incident that had heightened tensions between farming and herding communities in the locality.

Troops of Operation Enduring Peace (OPEP) deployed in the area reportedly came under fire while responding to the attack and engaged the assailants in a gun duel, forcing them to withdraw after a heavy exchange of fire.

Reinforcement teams were later deployed and moved into the community to stabilise the situation and restore order.

According to the sources, the attackers killed a woman identified as Mrs Fibi Solomon, while three others — Mr Solomon, Master Jacob Solomon and Miss Jacobeth Solomon — sustained gunshot wounds.

The injured victims were evacuated to the General Hospital in Riyom for treatment, alongside the remains of the deceased.

Troops also rescued 12 civilians comprising three men, six women and three children, who were relocated to nearby Fang village for safety.

Security sources added that troops had intensified pursuit operations to track down the fleeing attackers, while the general area remained calm but tense.

One killed, three injured as gunmen attack Plateau community in reprisal over livestock incident

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