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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
Zulum Appoints Engr Peter Samuel as General Manager BOSAMA
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has approved the appointment of Engr Peter Samuel, MNSE, MNIAE, as the General Manager of Borno State Agricultural Mechanization Authority (BOSAMA).
In a statement by the Special Adviser to the Governor on Media, Dauda Iliya, the appointment was based on Engr Samuel’s outstanding professional competence, proven track record, and experience in agricultural engineering and mechanization.
The statement noted that Engr Samuel possesses the requisite qualifications, technical expertise and leadership capacity required to reposition BOSAMA in line with Governor Zulum’s agricultural transformation agenda.
The newly appointed General Manager is an Agricultural Engineer with academic, professional, administrative, and practical experience in agricultural mechanization, farm power and machinery, irrigation engineering, and agricultural infrastructure development.
He holds a Master of Engineering (M.Eng.) in Farm Power and Machinery from Joseph Sarwuan Tarka University, Makurdi (formerly the Federal University of Agriculture, Makurdi), a Postgraduate Diploma in Farm Management and Production Economics from Nasarawa State University, and a Bachelor of Engineering (B.Eng.) in Agricultural and Environmental Resources Engineering from the University of Maiduguri.
Engr Samuel has distinguished himself through years of meritorious service in teaching, research, agricultural engineering practice, and project implementation. He currently serves as a Lecturer in Farm Power and Machinery at Ramat Polytechnic, Maiduguri.
Over the years, he has held several strategic leadership positions, including General Manager of a commercial agricultural enterprise, Project Coordinator, Programme Coordinator, and Consultant on numerous agricultural development interventions implemented by reputable national and international organisations.
He is a member of the Nigerian Society of Engineers (NSE) and the Nigerian Institution of Agricultural Engineers (NIAE).
Governor Babagana Zulum congratulated the new General Manager on his appointment and urged him to deploy his wealth of knowledge, technical expertise, and experience in agricultural mechanization to strengthen the operations of BOSAMA
Zulum Appoints Engr Peter Samuel as General Manager BOSAMA
Troops Arrest Suspected Military Impostor in Katsina
By Zagazola Makama
Troops of 17 Brigade have arrested a suspected military impostor during a fighting patrol in Malumfashi Local Government Area.
Security sources told Zagazola Makama that the suspect was apprehended at about 1:30 p.m. on July 4 by troops deployed at the Forward Operating Base (FOB) Malumfashi while conducting routine patrols within Malumfashi town.
According to the sources, the suspect was intercepted while wearing a woodland camouflage three-quarter short, raising suspicion among the troops.
A search conducted on the suspect led to the recovery of a fake Nigerian Army identity card, four Automated Teller Machine (ATM) cards, one woodland camouflage three-quarter short, a wristwatch and the sum of ₦17,000.
The suspect and the recovered exhibits are currently in military custody pending further investigation.
Military sources said the arrest forms part of ongoing efforts to curb impersonation of security personnel and other criminal activities within the area.
Troops Arrest Suspected Military Impostor in Katsina
Troops Recover 50 Rustled Cattle, Repel Suspected Rustlers in Kaduna
By Zagazola Makama
Troops deployed at the Forward Operating Base (FOB) Kankomi have recovered 50 rustled cattle after repelling suspected cattle rustlers during an ambush operation in Chikun Local Government Area.
Security sources told Zagazola Makama that the troops responded to a distress call at about 9:55 a.m. on July 4 over the activities of suspected rustlers at Ungwan Gontu community.
According to the sources, the troops swiftly laid an ambush and made contact with the fleeing suspects, forcing them to abandon the stolen livestock and escape into the surrounding area.
During the operation, the troops recovered 50 rustled cattle, which were subsequently identified and handed over to their rightful owner.
Military sources said efforts are ongoing to track down the fleeing suspects as security operations continue to combat cattle rustling and other criminal activities across Kaduna State.
Troops Recover 50 Rustled Cattle, Repel Suspected Rustlers in Kaduna
Zulum Appoints Engr Peter Samuel as General Manager BOSAMA
DSS Frees Cardiac Surgeon Martin Aghaji on Bail Over Alleged Economic Crime
Troops Arrest Suspected Military Impostor in Katsina
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