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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
News
Bandit kill police operative, cart away service weapon in Bukuyum in Zamfara
Bandit kill police operative, cart away service weapon in Bukuyum in Zamfara
By: Zagazola Makama
A mobile police operative attached to Operation Restore Peace has been killed in an ambush by armed bandits in Adabka village, Bukkuyum Local Government Area of Zamfara State.
Zagazola Makama gathered that the incident occurred on Tuesday at about 11:44 a.m. when the officer, deployed from Mopol 15, Ilorin, left his duty location in Adabka en route to Tibis village to purchase essential supplies.
Security sources in Bukkuyum told Zagazola that the operative was attacked at the outskirts of Adabka by armed bandits concealed in the surrounding bushes.
The attackers reportedly opened fire on the officer, killing him instantly before carting away his service riot gun.
“Field teams deployed to the scene recovered the body of the fallen operative, which was evacuated to Adabka Primary Health Care Centre for documentation,” the source said.
Sources said that the mode of attack aligns with operational tactics used by bandit factions linked to the Dan-Karama Gwaska and Dansadau networks, known for precision ambushes and rapid withdrawal.
Bandit kill police operative, cart away service weapon in Bukuyum in Zamfara
News
GSU’s Public Administration Dept hosts maiden int’l conference
GSU’s Public Administration Dept hosts maiden int’l conference
Stakeholders comprising academics, policymakers, security experts and public-sector practitioners have deliberated ways of tackling insecurity in the country through a multi-faceted approach that includes economic empowerment, improved governance, and enhanced security cooperation.
They made the submission during the maiden International Conference organised by the Department of Public Administration, Gombe State University (GSU).
The conference was declared open on Tuesday by Prof. Sani Ahmed Yauta, the Vice Chancellor of the institution who stated that any engagement aimed at proffering solutions to the security challenges of the country was an engagement borne out of the need to fast-track national development and stability.
Represented by the Deputy Vice Chancellor (Administration) Prof. Danladi Umar, Yauta urged participants to leverage the conference to contribute to ongoing efforts at addressing security challenges so as to enhance peace and development in the country.
In his keynote address, Prof. Ibrahim Abubakar Njodi, Secretary to the Gombe State Government, linked good governance to enhanced security and national development.
Njodi stressed that good governance remained a critical tool to earning citizens’ trust needed to maintain peace and to strengthen development across the country.
He stated that discourse around Nigeria’s governance had become imperative in view of the current security challenges confronting the nation and threatening national development.
He stressed the need for subnational governments to drive national development, adding that they have massive roles to play in determining Nigeria’s progress.
“It is the aggregation of subnational experiences—state successes and failures—that ultimately determines Nigeria’s trajectory.”
Njodi cited the Gombe State governance model and how it had contributed to improvement in human capital development as well as the development of the state and therefore resulting in the peaceful status that the state had enjoyed under Gov Inuwa Yahaya of Gombe State’s leadership.
“The state’s development trajectory under Gov. Yahaya offers a practical demonstration of how visionary leadership, institutional innovation and participatory governance can transform a subnational entity within Nigeria’s federal system.
Speaking earlier, the Head of Public Administration Department, Prof. Matthew Funsho Bello, described the event as historic for both the department and the university.
Bello said that the conference’s theme, “Governance, Insecurity and National Development in Nigeria: Issues and Challenges,” was timely given the complexities of the nation’s socio-economic and security challenges.
“This gathering of distinguished scholars, public-sector experts, policymakers and practitioners from across the country marks a major milestone in our collective quest to address the vexing issues affecting our national life,” he said.
According to him, the theme reflects “the urgent need for academia, security agencies and public-sector experts to engage in constructive dialogue on how addressing insecurity and governance can drive sustainable development in Nigeria.
Security experts amongst other professionals made their presentations during the conference which are expected to form part of the recommendations at the end of the two-day event.
Dr Lawal Abdullahi Oladimeji, the Chairman of the Local Organising Committee of the Conference, lauded all participants and invited guests for the success of the maiden event.
Oladimeji said that recommendations from the conference would be given to relevant stakeholders towards enhancing national security and development.
GSU’s Public Administration Dept hosts maiden int’l conference
News
21 villagers abducted in kano communities as Security forces intensify search operation
21 villagers abducted in kano communities as Security forces intensify search operation
By: Zagazola Makama
Twenty-one persons have been abducted by suspected bandits in three villages of Tsanyawa Local Government Area of Kano State.
Zagazola Makama learnt that the coordinated attacks occurred in Sundu, Biresawa and Masaurari villages.
According to community members, two women were taken from Sundu, while five women and two children were abducted at Biresawa.
In Masaurari, nine men and one woman were reportedly seized, bringing the total number of abducted persons to 21 comprising nine men, eight women and two children.
The Police Command in Kano confirmed the attack noting that efforts had been intensified to rescue all victims unhurt.
The sources added that additional operatives had been deployed to the affected axis, while the area was being combed in collaboration with local vigilance groups and other security agencies.
The command assured residents of its commitment to restoring peace and urged the public to provide credible information that could aid ongoing operations.
21 villagers abducted in kano communities as Security forces intensify search operation
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