News
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
News
Ogoni Leaders Petition Tinubu, Accuse Wike of Undermining Peace Dialogue
Ogoni Leaders Petition Tinubu, Accuse Wike of Undermining Peace Dialogue
By: Michael Mike
Leaders and people of Ogoniland have petitioned President Bola Tinubu over alleged attempts by the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to undermine the ongoing Federal Government–Ogoni dialogue process aimed at resolving the decades-long Ogoni crisis.
The petition was submitted under the auspices of the Conscience of Ogoni People (COOP), formerly known as the Ken Saro-Wiwa Associates, a group of concerned Ogoni stakeholders advocating peace, justice, and sustainable development in Ogoniland.
In a statement issued on Monday and signed by COOP’s Leader and Spokesman, Chief Gani Topba, the group expressed strong support for the dialogue and peace process being facilitated by the National Security Adviser (NSA), Mallam Nuhu Ribadu, describing it as the most credible effort so far to address the long-standing Ogoni question.
COOP alleged that Wike has been engaging in actions intended to frustrate the dialogue, tracing the dispute to unresolved issues from his tenure as Governor of Rivers State.
According to the group, the controversy is linked to a long-standing compensation dispute between the Ejama Ebubu community in Ogoni and the Shell Petroleum Development Company of Nigeria Limited (SPDC) over environmental damage claims that were decided in favour of the community.
The group stated that the Rivers State Government became deeply involved in the matter during Wike’s administration, a development that has remained contentious and unresolved in public discourse.
COOP further alleged that during the recent visit of the NSA to Ogoniland, political associates of the FCT Minister were instructed to boycott and undermine the engagement. The group claimed that efforts were deliberately made to sabotage the dialogue at the community level.
Raising security concerns, COOP alleged that armed youths recruited from different parts of Rivers State are currently being mobilised and camped around the Rivers State House of Assembly quarters, allegedly to destabilise the peace process.
The group also claimed that Wike is displeased with Rivers State Governor, Sir Siminalaiyi Fubara, for cooperating with the NSA to ensure the success of the Ogoni dialogue. According to COOP, local government chairmen in Eleme, Tai, Gokana and Khana LGAs were allegedly directed to recruit armed youths to disrupt the dialogue and frustrate the proposed resumption of oil operations in Ogoniland.
COOP warned that if these alleged actions are not checked, they could pose serious threats to public peace and security in Rivers State and derail the fragile but promising dialogue process.
The group noted that the ongoing engagement has been widely welcomed by Ogoni people as a sincere and inclusive initiative aimed at achieving lasting peace, environmental remediation, economic reintegration of Ogoni communities, and the safe resumption of oil production in Oil Mining Lease (OML) II. They added that a successful outcome would significantly boost national revenue, foreign exchange earnings, energy security and employment.
COOP appealed to President Tinubu to intervene by calling on the FCT Minister to desist from actions capable of reigniting tension in Ogoniland. The group urged the President to protect the dialogue process and mandate relevant security and intelligence agencies to investigate the allegations.
They call on the President to ensure that no individual, regardless of position, undermines national interest for personal or sectional gain, expressing confidence that decisive intervention would help secure peace in Ogoniland and reaffirm the Federal Government’s commitment to justice, national unity and economic recovery.
Ogoni Leaders Petition Tinubu, Accuse Wike of Undermining Peace Dialogue
News
Gamawa commended Gov. Bala for the creation of additional emirates in Bauchi
Gamawa commended Gov. Bala for the creation of additional emirates in Bauchi
By: Yahaya Wakili
His Royal Highness, the Emir of Gamawa in Bauchi State, Alhaji Adamu Abdulkadir Adamu, has commended His Excellency, the Executive Governor of Bauchi State, Senator Bala Abdulkadir Mohammad A Kauran Daular Ussumaniyya, for the creation of additional emirates, chiefdoms, and districts statewide.
The emir made the commendation in an interview with Newsng in Sabon Garin Nangere, the headquarters of the Tikau emirate council of Yobe state, when he visited His Royal Highness, the Emir of Tikau, Alhaji Abubakar Muhammadu Ibn Grema II.
He said the strategic move by His Excellency, the Executive Governor of Bauchi State, Senator Bala Abdulkadir Mohammad, brings essential development projects, empowers local aspirations, and ensures inclusive growth reaches every corner of the grassroots.
The emir revealed that he was at the Tikau emirate council today to express his profound appreciation to the emir of Tikau, Alhaji Abubakar Muhammadu Ibn Grema II, for his support given to us since we were appointed as the emir of Gamawa, adding that Tikau and Gamawa have had a strong relationship for a long time.
He said, “Tikau and Gamawa share a common border, and also we are neighbors, and we have the history of the Tikau emirate for fostering unity, justice, and loving his people, as well as involving all stakeholders, and steadfastly upholding law and order in his domain.”
“Therefore, we are soliciting the support, advice, and cooperation of the emir and also strengthening our relationship to govern the people of the Gamawa emirate council fairly without bias or selfish interest, and we thank the emir for the hospitality rendered to him and members of his emirate council.
Gamawa commended Gov. Bala for the creation of additional emirates in Bauchi
News
Police sergeant arrested for supplying arms used in Nasarawa robbery
Police sergeant arrested for supplying arms used in Nasarawa robbery
By: Zagazola Makama
A serving police sergeant has been arrested for allegedly supplying an AK-47 rifle used in an armed robbery attack in Doma Local Government Area of Nasarawa State.
Zagazola reliably informed by sources that the development followed the arrest of a robbery suspect, Justine Gbata, 30, of Doka Village, who was apprehended after gunmen attacked one Muhammad Danka of Ankoma Village and dispossessed him of his red Bajaj motorcycle.
The incident occurred at about 1:00 p.m. on Jan. 24, when the assailants, armed with an AK-47 rifle, fired several shots during the operation before fleeing into a nearby forest with the motorcycle.
“After the report, a combined team of police operatives, vigilantes and hunters pursued the attackers into the forest and arrested one suspect. Seven empty AK-47 shells were recovered at the scene,” the sources said.
They added that the suspect, who sustained injuries during the chase, was taken to General Hospital, Doma, for treatment.
“During interrogation, the suspect confessed that the rifle used for the robbery was supplied by a serving police sergeant attached to Daudu Division in Benue State,” the sources said.
The sergeant has since been identified and detained at the State Criminal Investigation Department (SCID) in Benue for further investigation.
Police authorities said efforts were ongoing to arrest the remaining members of the gang and recover the stolen motorcycle, while investigations into the case continue.
Police sergeant arrested for supplying arms used in Nasarawa robbery
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