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 *

Crime

Troops Foil Bandit Attack in Dabai Town, Kebbi

Published

on

Troops Foil Bandit Attack in Dabai Town, Kebbi

By: Zagazola Makama

A swift response by the Nigerian troops in Kebbi has foiled a bandit attack on Dabai Town, forcing the assailants to flee after a gun battle with security operatives.

Intelligence sources told Zagazola Makama that the attack occurred around 2 a.m. when suspected bandits attempted to invade the town.

“Security forces were immediately dispatched to intercept the assailants and engaged them in a fierce exchange of gunfire,” the source said. “Overwhelmed by superior firepower, the bandits abandoned their mission and escaped.”

While no casualties were reported, security operatives have intensified patrols in the area to prevent further attacks.

Troops Foil Bandit Attack in Dabai Town, Kebbi

Continue Reading

News

Unidentified Woman Dies After Jumping Off Third Mainland Bridge

Published

on

Unidentified Woman Dies After Jumping Off Third Mainland Bridge

By: Zagazola Makama

An unidentified woman has died after allegedly jumping off the Third Mainland Bridge into the University of Lagos (UNILAG) waterfront, an intelligence source has confirmed.

Intelligence sources told Zagazola Makama that the incident happened around 3 p.m. on Thursday.

“We received information that a woman suddenly stopped on the bridge and jumped into the water. No identification documents were found on her,” the source said.

According to the source, the Marine Police Division in Akoka was alerted about an hour later, prompting a swift response from a team of marine police officers.

“She was pulled out of the water and rushed to the UNILAG shore, where medical personnel examined her. Unfortunately, she was confirmed dead,” the source added.

The woman’s remains have since been deposited at the Infectious Diseases Hospital (IDH) morgue in Yaba for preservation and autopsy.

Meanwhile, another Police sources said that the Lagos State Police Command has launched an investigation to establish her identity and uncover the circumstances surrounding the incident.

“The investigation is ongoing, and we urge anyone with information about the deceased to come forward,” said Police sources.

Unidentified Woman Dies After Jumping Off Third Mainland Bridge

Continue Reading

News

Kidnapped Catholic Priest Rescued in Edo

Published

on

Kidnapped Catholic Priest Rescued in Edo

By: Zagazola Makama

The Edo State Police Command has rescued Rev. Father Philip Mario Ekweli, who was kidnapped on March 13 in Aghenebode, Etsako East Local Government Area.

Sources told Zagazola Makama that the he priest, who serves at St. Peter’s Apostle Catholic Church, Iviukhua Community, was rescued on Thursday at about 4:52 p.m. in Amughe Community.

Security agencies have intensified search and bush-combing operations to track down the kidnappers and ensure the safety of other residents.

Kidnapped Catholic Priest Rescued in Edo

Continue Reading

Trending

Verified by MonsterInsights