Connect with us

News

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

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Youth attempt to disarm soldiers enforcing curfew in Niger

Published

on

Youth attempt to disarm soldiers enforcing curfew in Niger

By: Zagazola Makama

Some youths in Borgu Local Government Area of Niger State allegedly attempted to disarm soldiers enforcing a curfew before fleeing the scene, security sources have said.

Zagazola gathered that the incident occurred at about 10:35 p.m. on March 10 when troops of the 221 Battalion, Wawa Cantonment, were on patrol to enforce the curfew declared by the Chairman of Borgu Local Government.

According to the sources, the troops were patrolling along the Correctional Service Office area in New Bussa when they intercepted some motorcycles.

During the encounter, some aggressive youths reportedly began stoning the soldiers and attempted to struggle with them in a bid to seize a rifle, while also hurling abusive language.

The troops fired warning shots into the air to disperse the youths, who later fled the scene.

The Controller of the Nigerian Correctional Service subsequently reported the incident to the police.

Following the report, the Divisional Police Officer (DPO) in New Bussa immediately mobilised more security personnel to the area, but the youths had already dispersed.

Community leaders, including the village head, were later invited and cautioned to maintain peace and ensure residents avoid confrontations or misunderstandings with security personnel.

Security sources said no arrest was made and no injury was recorded, while the military troops continued their patrol in the area.

Youth attempt to disarm soldiers enforcing curfew in Niger

Continue Reading

News

ISWAP appoints Abu Ameer as new pulka commander after neutralization of Modu Kundiri

Published

on

ISWAP appoints Abu Ameer as new pulka commander after neutralization of Modu Kundiri

By: Zagazola Makama

Following the recent neutralization of Modu Kundiri, the senior commander (Qa’id) of Pulka camp in Gwoza Local Government Area of Borno State, the Islamic State West Africa Province (ISWAP) has appointed a replacement to sustain its operational command in the area.

Intelligence reports obtained on the evening of March 11, 2026, revealed that ISWAP leadership quickly designated Abu Ameer as the new commander (Qa’id) of Pulka camp. The move pointed out to the group’s efforts in maintaining command continuity despite recent setbacks.

Kundiri had served as the senior commander, also known as Qa’id, of the group’s Pulka camp, a strategic operational hub located in the southern axis of Borno near the border with Adamawa State and Cameroon.

Pulka occupies a critical position in the insurgency landscape due to its geographical proximity to the border regions linking Borno State with Adamawa State and neighbouring Cameroon.

The area has historically served as a transit corridor for insurgent fighters, logistics supplies and communication networks operating across multiple theatres.

According to intelligence discussions intercepted on March 11, fighters loyal to the group are still present in Ngalta village, located between Pulka in Gwoza LGA and Madagali Local Government Area in Adamawa State.

The disclosure reportedly came during internal exchanges among insurgent members, where a fighter identified as Konto informed another member, Manya, about the continued presence of fighters in the area.

Such conversations indicated that despite losing commanders, the group continues to maintain operational cells and surveillance elements within the Pulka–Ngalta–Madagali corridor.
The continued presence of fighters in Ngalta village suggests that the insurgents may still retain limited operational capability along the Borno–Adamawa border axis. Such locations often function as temporary regrouping points or staging areas for movement between remote settlements.

The development therefore point to the need for sustained intelligence gathering, aerial surveillance and coordinated ground operations across the corridor.

Zagazola emphasise the importance of maintaining strong collaboration between military forces, local vigilante groups and community intelligence networks to detect insurgent movement.

The development comes amid ongoing operations by the Nigerian military to dismantle ISWAP strongholds across the Northeast and reinforce stability in affected communities.

ISWAP appoints Abu Ameer as new pulka commander after neutralization of Modu Kundiri

Continue Reading

News

Buni attends funeral prayers of Wali Shettima, elder brother, in Nauru

Published

on

Buni attends funeral prayers of Wali Shettima, elder brother, in Nauru

By: Yahaya Wakili

The Executive Governor of Yobe State, Hon. Mai Mala Buni CON, COMN, and other top government functionaries attended today the funeral prayers for Ba Wali Shettima, elder brother to Yobe State Secretary to the State Government, Alhaji Baba Mallam Wali mni, in Nguru town of Yobe State.

Ably represented by his deputy, Hon. Idi Barde Gubana (Wazirin Fune), the funeral prayers were led by the chief imam of Nguru Central Mosque, Shiek Ibrahim Shehu Ahmad.

The governor described the death of the renowned Islamic scholar Ba Wali as a huge loss not only to the Nguru community but to the whole Yobe state.

Gubana further extolled the virtues of the late Ba Wali as a committed and dedicated cleric, an epitome of peace and knowledge who contributed his own quota towards teaching and propagating Islam.

Late Ba Wali died at the University Teaching Hospital, Damaturu, on Tuesday after a protracted illness at the age of 80. He is survived by a wife, ten (10) children, and many grandchildren.

Special prayers were offered by Chief Imam Shiek Ibrahim Shehu Ahmad. May Aljanna Firdausi be the reward of his good deeds. Amin, suma Amin.

Buni attends funeral prayers of Wali Shettima, elder brother, in Nauru

Continue Reading

Trending

Verified by MonsterInsights