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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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NSCDC intercepts diverted Yobe government tractors, exposes alleged sabotage ring in ministry

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NSCDC intercepts diverted Yobe government tractors, exposes alleged sabotage ring in ministry

By: Zagazola Makama

Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) in Yobe have intercepted two government-owned tractors allegedly being smuggled out of the state for illegal sale, uncovering what sources describe as an “internal sabotage network” within the State Ministry of Agriculture and Natural Resources.

Zagazola Makama gathered that the tractors, part of Governor Mai Mala Buni’s agricultural support programme, were reportedly diverted by officials who have long been suspected of selling government-owned farm machinery to neighbouring states.

It was gathered that the latest incident occurred on Oct. 22 when NSCDC personnel intercepted two tractors being moved from an estate along the bypass in Damaturu and headed towards the Nayinawa axis, allegedly en route out of the state.

A security source said that the tractors bore clear government insignia, leaving no doubt about their ownership. However, more than one month after the interception, no official from the Ministry of Agriculture including the Commissioner, Permanent Secretary or any departmental director, has stepped forward to officially claim the machinery or explain the circumstances surrounding the attempted diversion.

“These tractors carry bold government identification. Despite that, no authorised official has come to claim them or provide documentation. Instead, we have seen strong behind-the-scenes pressure to release them quietly,” the source said.

According to the source, the NSCDC officer who made the arrest insisted that all parties involved must appear to provide explanations before the tractors could be released. His refusal to bow to pressure allegedly angered influential interests both within the Corps and in the state bureaucracy.

Zagazola gathered that the officer was subsequently transferred out of Yobe State in what insiders described as an attempt to “bury the case and silence resistance”.

Investigations further revealed that this was not the first diversion of agricultural machinery under the state’s empowerment scheme. Some tractors were reportedly smuggled and sold in a neighbouring state months earlier, with no internal accountability action taken.

The diversion of the tractors undermines Governor Buni’s vision of strengthening mechanised farming, boosting food production and mitigating food shortages in Yobe.

A senior agricultural stakeholder, who pleaded anonymity, said: This is pure economic sabotage. These tractors were procured to support farmers and strengthen food security. Diverting them for personal gain is not just theft it is an attack on the state’s development.”

Zagazola reports that the tractors remain in NSCDC custody pending official claim and clarifications. Both the NSCDC and the Ministry of Agriculture have not issued public statements on the development as at the time of filing this report.

NSCDC intercepts diverted Yobe government tractors, exposes alleged sabotage ring in ministry

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DSS arrests notorious bandit in Bauchi village, recovers cash and ammunition

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DSS arrests notorious bandit in Bauchi village, recovers cash and ammunition

By: Zagazola Makama

Operatives of the Department of State Services (DSS) have apprehended a notorious bandit in Bojinji Village on the outskirts of Bauchi during a surprise raid, recovering millions of naira in cash and a large cache of ammunition.

Sources told Zagazola Makama that the suspect had relocated to Bauchi from Zamfara State, claiming to be fleeing persecution, and had settled in the community with his family. Bauchi has been a preferred destination for people affected by conflicts in neighbouring states, but security operatives say some criminal elements exploit this pattern to mask their activities.

The raid, carried out without prior warning, caught residents by surprise. “The DSS traced the suspect’s illicit wealth and movements before executing the operation,” a security source said.

Investigations revealed that the suspect was known locally for his lavish lifestyle, spending entire days drinking at Unguwar Yelwan Angas and buying alcohol for others, but no one suspected him of criminal activity until the DSS intervention.

Security officials have urged community members to assist security agencies by reporting suspicious individuals, particularly those whose lifestyle appears inconsistent with their means, as such vigilance is critical to preventing crimes and exposing criminal networks.

Security sources have confirmed that further investigations are ongoing to determine the extent of the bandit’s operations and any accomplices within the state.

DSS arrests notorious bandit in Bauchi village, recovers cash and ammunition

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Troops neutralise six bandits, recover rifles as arson attacks escalate in Zamfara

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Troops neutralise six bandits, recover rifles as arson attacks escalate in Zamfara

By: Zagazola Makama

Troops operating under Project Garkuwan Arewa have neutralised six bandits and recovered seven AK-47 rifles during a security operation in Tsafe Local Government Area of Zamfara State, the News Agency of Nigeria (NAN) reports.

A security source told Zagazola Makama on Sunday that the operation, conducted in the villages of Gangara, Tsageru and Sungawa, followed credible intelligence on hostile bandit activities in the area.

“Troops neutralised six bandits identified as Musa, Shehu, Nasiru, Yusuf, Mantagora and Siddiq. Seven AK‑47 rifles were also recovered during the operation,” the source said.

He said despite the setbacks suffered by the criminals, remnants of the bandit group resorted to burning farmlands and properties in surrounding communities in a bid to intimidate residents and regain control.

According to the source, local vigilante operatives are assisting troops in tracking fleeing bandits, some of whom have taken refuge within Gangara town, resulting in intermittent gunfire exchanges.

Security authorities described the attacks as retaliatory actions aimed at destabilising rural communities and warned of increased risks of civilian casualties if the criminals are not cleared from the area.

Troops have since intensified ground patrols in Gangara, Tsageru and Sungawa, while coordination with local intelligence networks has been strengthened to provide early warning on bandit movements.

Operations to track and apprehend fleeing suspects are ongoing.

Troops neutralise six bandits, recover rifles as arson attacks escalate in Zamfara

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