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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
Buni commends Balarabe for his humanitarian contributions in Yobe
By: Yahaya Wakili
Yobe State Governor Hon. Mai Mala Buni CON, COMN, has commended the Managing Director/Chief Executive Officer of Sologuru Nigeria Limited, Alhaji Abdullahi Balarabe DJ Nguru, for his extraordinary humanitarian contribution to the reconstruction and modernization of Rugar Balarabe in the Nguru local government area of Yobe State.
Governor Buni made the commendation in a letter of appreciation personally written by him to Balarabe DJ, saying, “Your selfless decision to transform the site of the burnt Fulani settlement into a state-of-the-art community is a landmark achievement in private philanthropy.”
According to Buni, the comprehensive nature of the facilities provided, including modern two-bedroom residences, a functional clinic, a community mosque, solar-powered boreholes, and full solar electrification for both houses and streets, is truly commendable.
“By donating these essential amenities entirely free of charge, you have not only restored the dignity of the displaced families but have also significantly advanced our administration’s rural revitalization agenda,” Buni said.
“Your forward-thinking approach to sustainable infrastructure sets a high standard for civic leadership in Yobe State, and I thank you for your unwavering patriotism and commitment to the welfare of our citizens.
He revealed that it is my hope that your generous spirit serves as an inspiration to others.
Buni commends Balarabe for his humanitarian contributions in Yobe
Troops neutralise 16 terrorists, recover cache in Borno ambush
By: Zagazola Makama
Troops of Joint Task Force North-East (JTF-NE) under Operation Hadin Kai and Operation Desert Sanity V have neutralised 16 suspected terrorists during an ambush in Borno State.
Zagazola learnt that the operation was carried out by troops of Sector 1 in conjunction with members of the Civilian Joint Task Force (CJTF), Hybrid Forces and local hunters.
According to the sources, the ambush was sprung at about 8:10 p.m. on Sunday at Komala Exchange Point, following a failed attack on Auno and credible intelligence on the movement of the same terrorist logistics elements.
“The troops, working with CJTF and other local components, successfully neutralised 16 terrorists and recovered a cache of arms, ammunition and logistics items,” the source said.
Items recovered from the scene included 62 wrappers, 76 pairs of shoes and slippers, 18 bicycles, 275 sachets of detergent, 50 packs of sweets, assorted local fragrances, milk sachets, vaseline, washing soap, groundnuts, seasoning, fruit drinks, palm oil and groundnut oil, mats, spaghetti, thread, matches, cups and spoons, sieves, flour, salt, bicycle tyres and equipment, sugar, cosmetics, local herbs and a cooler, among other items.
The sources said the recovered items were believed to be logistics supplies meant to sustain terrorist elements operating in the area.
Troops neutralise 16 terrorists, recover cache in Borno ambush
Bandits injure four in Maradun, Zamfara
By: Zagazola Makama
Four people have been injured following an armed bandits’ attack on Kaya Faru Village in Maradun Local Government Area of Zamfara State.
Sources said that the incident occurred on Feb. 10 at about 6:00 p.m.
According to the sources, the attackers shot and injured one Bello Yari and three others before fleeing to their hideouts.
“On receipt of the report, operatives visited the scene, and the injured victims were rushed to the General Hospital, Talata Mafara, for medical treatment,” the sources said.
Bandits injure four in Maradun, Zamfara
Buni commends Balarabe for his humanitarian contributions in Yobe
Niger incidents underline rising Sahel spillover threat to Nigeria’s security
Troops neutralise 16 terrorists, recover cache in Borno ambush
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