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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
Troops rescue three kidnapped victims in Zamfara
By: Zagazola Makama
Troops of the Nigerian Army have rescued three kidnapped victims during a fighting patrol in Tsafe Local Government Area of Zamfara State.
Security sources told Zagazola that the operation was conducted on April 25 at about 9:00 p.m. by troops of 1 Brigade in collaboration with hybrid forces deployed at Kulchin Kalgo.
The sources said the troops advanced to Bilbis area following intelligence on the presence of terrorists and made contact with the armed group.
According to the sources, the troops engaged the criminals in a firefight, forcing them to flee and abandon three kidnapped victims in the process.
The rescued victims were subsequently handed over to the district head of Bilbis for safe custody and further reunification with their families.
The sources added that the troops have continued exploitation of the area to track fleeing suspects, while the general security situation remains under close monitoring.
Troops rescue three kidnapped victims in Zamfara
Troops arrest suspects, rescue kidnap victim in Benue
By: Zagazola Makama
Troops of Operation Whirl Stroke (OPWS) have arrested two suspected kidnappers and rescued a victim in Gwer East Local Government Area of Benue State.
Security sources said that the incident occurred on April 25 at about 10:30 a.m., when troops deployed at Agidi responded to reports of a kidnap incident in Abenga and Mabur communities.
The sources said the troops swiftly mobilised to the area and made contact with the suspected kidnappers, engaging them during the operation.
According to the sources, the troops overpowered the criminals, leading to the arrest of two suspects and the rescue of one kidnapped victim.
The sources added that the apprehended suspects and the rescued victim have been handed over to the Nigeria Police for further investigation and necessary action.
They assured that security forces will continue to intensify operations to curb kidnapping and other criminal activities in the state.
Troops arrest suspects, rescue kidnap victim in Benue
Troops, DSS arrest suspected IPOB/ESN member in Enugu raid
By: Zagazola Makama
Troops of the Nigerian Army, in collaboration with operatives of the Department of State Services (DSS), have arrested a suspected member of the Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN), during a raid in Enugu State.
Sources said that the operation was carried out on April 25 at about 6:20 p.m. by troops of 82 Division Garrison, 103 Battalion and 197 Special Forces Battalion.
The sources said the joint team conducted the raid at Obinofia Ndiagu village, where one suspected IPOB/ESN operative was apprehended.
According to the sources, three mobile phones were recovered from the suspect during the operation.
They added that the suspect and recovered items are currently in the custody of the 82 Military Intelligence Brigade for further investigation and necessary action.
The sources noted that the operation is part of ongoing efforts by security agencies to dismantle criminal networks and restore peace in the South-East.
Troops, DSS arrest suspected IPOB/ESN member in Enugu raid
Troops rescue three kidnapped victims in Zamfara
Troops foil kidnap attempt, rescue victim in Kaduna
Troops arrest 10 suspects in Benue offensive operation
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