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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
Bandits kill two, abduct woman in Chikun, Kaduna
By: Zagazola Makama
Suspected bandits have killed two persons, injured one and abducted a woman during an attack on Rimi Kamazo community in Chikun Local Government Area of Kaduna State.
Zagazola report that the incident occurred on Dec. 28 at about 11:50 a.m. when an unspecified number of armed bandits invaded the community, firing sporadically and causing panic among residents.
Victims of the attack were identified as Zainab Amos Bagoro, 55, and Aminu Amos Bagoro, 25, who were shot and fatally injured. Another victim, Gayus Amos Bagoro, sustained gunshot injuries and is currently receiving treatment.
The attackers also abducted Justina Abednego, 25, and took her to an unknown destination.
Sources said security operatives received information about the attack at about 2:00 a.m. on Dec. 29 and immediately mobilised to the area in collaboration with other security agencies.
The injured victims were rushed to hospital for medical attention, where the two critically injured persons were confirmed dead, while the surviving victim is receiving treatment at St. Gerald Hospital, Kakuri, Kaduna.
The corpses of the deceased were deposited at the hospital morgue for autopsy.
Security forces have intensified efforts to rescue the abducted woman and track down the perpetrators, while investigations into the incident have commenced.
Bandits kill two, abduct woman in Chikun, Kaduna
Mob sets NSCDC office ablaze, kills three suspects in Kano
By: Zagazola Makama
Atleast three suspected motorcycle thieves were killed by a mob while the office of the Nigeria Security and Civil Defence Corps (NSCDC) was raised in Dawakin Kudu Local Government Area of the state.
Zagazola Makama learnt that the incident occurred at about 9:00 p.m. on Dec. 28 at the Danmaje Quarters Divisional Office of the NSCDC in Dawakin Kudu.
According to sources , personnel of the NSCDC attached to the office had earlier arrested three suspects over alleged motorcycle theft.
The source said that following the arrest, angry youths armed with dangerous weapons mobilised in large numbers and stormed the NSCDC office, demanding that the suspects be released to them for lynching.
“They overpowered the NSCDC personnel, chased them out of the office and set both the office and the suspects ablaze,” the source said.
Sources said the scene was later visited by security operatives, while the victims were rushed to the Aminu Kano Teaching Hospital, where they were certified dead by medical personnel.
The corpses were subsequently deposited at the hospital’s morgue.
Mob sets NSCDC office ablaze, kills three suspects in Kano
NESREA Shuts Sunseed Oil Facility in Zaria Over Air Pollution Violations
By: Michael Mike
The National Environmental Standards and Regulations Enforcement Agency (NESREA) has ordered the closure of the Sunseed Oil processing plant in Zaria, Kaduna State, following findings of severe air pollution linked to the facility’s operations.
NESREA said the action was taken after investigations confirmed that the plant was emitting harmful pollutants into the atmosphere in breach of the National Environmental (Air Quality Control) Regulations.
The regulations require industries to install effective pollution control systems and adopt cleaner production methods to minimize environmental and health risks.
A statement by the agency’s spokesperson, Nwamaka Ejiofor on Tuesday, said the level of emissions from the Sunseed Oil facility posed a direct threat to the surrounding environment and residents in nearby communities, prompting immediate intervention to halt further damage.
She noted that the enforcement exercise reflects the agency’s resolve to ensure that industrial operators comply with environmental standards and to protect the public from the dangers associated with uncontrolled industrial emissions and effluents.
Commenting on the development, the Director-General of NESREA, Prof. Innocent Barikor, warned companies operating across the country to adhere strictly to national environmental laws.
He stressed that the agency would continue to take decisive action against facilities whose operations endanger public health or degrade the environment.
NESREA reiterated its commitment to regular monitoring and enforcement, noting that environmental protection remains a critical component of sustainable development in Nigeria.
NESREA Shuts Sunseed Oil Facility in Zaria Over Air Pollution Violations
Bandits kill two, abduct woman in Chikun, Kaduna
Mob sets NSCDC office ablaze, kills three suspects in Kano
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