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

Security forces neutralise two notorious bandits in Benue clearance operation

Published

on

Security forces neutralise two notorious bandits in Benue clearance operation

By: Zagazola Makama

Security forced have neutralised two suspected notorious bandits during a clearance operation in Ukum Local Government Area of the state.

Sources told Zagazola that the operation followed credible intelligence received on Tuesday at about 1:00 p.m.

The report indicated that a criminal gang led by one Senen Hemen, also known as Orpa, was sighted along the pipeline axis between Gbeji and Igbongom communities in Ukum.

According to the sources, security forces were promptly mobilised to the location, where the gang engaged the operatives in a gun duel.

During the exchange, Hemen and another gang member identified as Mzungweve Ichur, both from Igbongom, were shot dead, while others fled the scene with gunshot injuries.

The sources confirmed that the corpses of the two suspects had been recovered and deposited at a private mortuary in Gbeji, while a manhunt had been launched in the surrounding bushes to track the fleeing accomplices.

The sources assured residents that the operation was part of ongoing efforts to rid Ukum and adjoining areas of violent criminal gangs.

Security forces neutralise two notorious bandits in Benue clearance operation

Continue Reading

News

Gunmen abduct worshipper in Oyo community

Published

on

Gunmen abduct worshipper in Oyo community

By: Zagazola Makama

Gunmen have abducted a worshipper from a mosque in Gbonkan Village, Ipapo, Itesiwaju Local Government Area.

Sources said that the victim, identified as Amadu Usman, was kidnapped on Monday night while praying at the mosque alongside his elder brother, Adamu Usman.

The sources said seven armed men invaded the mosque at about 9 p.m. and whisked the victim away to an unknown destination.

The sources said that a joint team of security forces, Amotekun Corps, vigilantes and local hunters had since launched a search-and-rescue operation, combing surrounding bushes to track down the suspects and rescue the victim.

Gunmen abduct worshipper in Oyo community

Continue Reading

News

Troops of Operation FANSAN YANMA repel bandit attack in Malumfashi, Katsina

Published

on

Troops of Operation FANSAN YANMA repel bandit attack in Malumfashi, Katsina

By: Zagazola Makama

Troops of Operation FANSAN YANMA, in collaboration with the Police, Community Watch Corps and local vigilantes, have repelled a bandit attack in Malumfashi Local Government Area of Katsina State.

Sources said that the incident happened on Tuesday evening when armed bandits launched an attack on a hunters’ camp in Naalma village.

According to the sources, the troops and other security operatives responded swiftly to a distress call and engaged the bandits in a fierce gun battle, forcing them to withdraw.

“During the operation, Usman Lawal, 35, the Commander of the Hunters’ group, sustained fatal injuries. One of the bandits was neutralised while the rifle earlier seized from the hunters’ commander was recovered.

“Other fleeing bandits are suspected to have escaped with gunshot wounds. Troops are currently conducting cordon-and-search operations within the area,”said the sources.

Troops of Operation FANSAN YANMA repel bandit attack in Malumfashi, Katsina

Continue Reading

Trending

Verified by MonsterInsights