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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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Troops ambush terrorist group, recover bicycles in Marte–Dikwa axis

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Troops ambush terrorist group, recover bicycles in Marte–Dikwa axis

By: Zagazola Makama

Troops of the Nigerian Army under the Joint Task Force North East, Operation Hadin Kai, have repelled suspected terrorists during an ambush operation along the Marte–Dikwa axis of Borno.

Security sources said the encounter occurred late on March 13 when troops of the 50 Task Force Battalion under the 24 Task Force Brigade, in conjunction with personnel of the 134 Special Forces Battalion and members of the Civilian Joint Task Force, laid an ambush along the main supply route between Marte and Dikwa in Borno State.

According to the sources, the troops made contact with a group of terrorists moving on bicycles at about 10:15 p.m.

The troops immediately engaged the insurgents forcing them to withdraw into nearby bushes.

During exploitation of the area, the troops recovered the corpse of one suspected terrorist, four bicycles and other sundry items believed to have been abandoned by the fleeing insurgents.

Troops ambush terrorist group, recover bicycles in Marte–Dikwa axis

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Oshodi will represent Africa’s interest at WTT, says Mailantarki

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Oshodi will represent Africa’s interest at WTT, says Mailantarki

The Vice President of the Nigeria Table Tennis Federation (NTTF), Hon. Khamisu Ahmed Mailantarki, has hailed the appointment of Nigeria’s foremost table tennis administrator, Wahid Oshodi to the Board of World Table Tennis (WTT).

Hon. Mailantarki described the appointment as a “round peg in a round hole,” noting that Oshodi’s elevation to the game’s apex commercial body is a testament to his track record of excellence.

Oshodi, who is the current President of the African Table Tennis Federation (ATTF) and Executive Vice President of the International Table Tennis Federation (ITTF), was appointed as a Director to represent the ITTF on the WTT Board alongside ITTF President Petra Sörling.

“This is a proud moment for Nigeria and a victory for the African continent,” Mailantarki stated.

“Barrister Oshodi has risen through the ranks from the national level to the continental stage with a vision that has transformed the sport.

“Having him as a decision-maker at the highest level of World Table Tennis ensures that African interests are well-represented.”

The NTTF Vice President further congratulated the Nigerian sports community, emphasizing that Oshodi’s presence in the WTT inner circle will serve as a catalyst for the continued growth and commercialization of the game globally.

Oshodi will represent Africa’s interest at WTT, says Mailantarki

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Troops rescue six kidnapped victims after gun battle with terrorists in Kaduna

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Troops rescue six kidnapped victims after gun battle with terrorists in Kaduna

By: Zagazola Makama

Troops of the 1 Division Nigerian Army under Operation FANSAN YANMA have rescued six kidnapped victims after engaging suspected terrorists in a gun battle in Kachia Local Government Area of Kaduna State.

Sources told Zagazola Makama that the rescue operation followed credible intelligence on the movement of armed terrorists suspected to be transporting abducted victims through forest routes in the area.

According to the sources, troops deployed at the Forward Operating Base (FOB) Gurara, under Sub-Sector 4 of Operation FANSAN YANMA, responded swiftly to the intelligence at about 7 a.m. on March 14.

The troops subsequently laid an ambush at a suspected crossing point used by the terrorists around Sabon Kurutu Village in Kachia LGA.

“During the operation, troops made contact with the terrorists and engaged them in a fierce gun battle. The criminals, overwhelmed by the superior firepower of the troops, fled into the surrounding bush, abandoning some items,” the source said.

Following the engagement, troops combed the general area and successfully rescued six kidnapped victims. However, a seventh victim, a minor, was reported to have died during the crossfire between the troops and the fleeing terrorists.

Troops also recovered three motorcycles believed to have been used by the terrorists during the movement of the abducted victims.

Preliminary interrogation of the rescued victims revealed that they were abducted earlier on March 14 from Janjala Village in Kagarko Local Government Area of Kaduna State. The victims said they had been moved through forest routes by the terrorists before the troops intercepted them.

The rescued victims and the body of the deceased minor were evacuated to Katari Hospital for medical attention and other necessary procedures.

Military sources said families of the rescued victims had been contacted.

The Military said the troops 1 Division Operation FANSAN YANMA and other task force has continued sustained offensives and intelligence-driven operations aimed at dismantling terrorist and bandit networks across the North-West region.

Troops rescue six kidnapped victims after gun battle with terrorists in Kaduna

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