National News
Osinbajo guarantees Nigerians in Diaspora of good returns, security of investment
Osinbajo guarantees Nigerians in Diaspora of good returns, security of investment
By: Michael Mike, Abuja
The Vice President, Prof. Yemi Osinbajo has guaranteed Nigerians in the Diaspora of security and good returns on their investment in the country.
Osinbajo gave the promise on Tuesday at the opening of the 4th Nigerian Diaspora Investment Summit 2021 organised by Nigeria Diaspora Summit Initiative (NDIS) and Nigerian in Diaspora Commission (NiDCOM), with the theme “Diaspora partnership and Linkages for post-Covid Economic Growth”.
He noted that the country’s post Covid recovery cannot be achieved without the partnership and deep involvement of the Diaspora and foreign investors, among others.
The Vice President in his keynote address, which was presented by the Secretary to the Government of the Federation, Boss Mustapha, also pointed out that the government was disarious in diversifying the country’s economy.
He said: “Recovering the economy of the nation cannot be achieved by the government alone; we need the partnership and deep involvement of the Diaspora and foreign investors, among others, investing in local businesses to boost and diversify the economy.
“It is this realization that has driven this Administration’s support for the NDIS as a clarion call to our Diaspora and their friends to come and invest in a land of boundless opportunities and possibilities like the Chinese, Indians, Lebanese, Israelis and South Africans are already and successfully doing here in Nigeria. Last year witnessed a number of Diaspora investors heeding that call and it is encouraging to note that even more have turned up this year. We assure you of our commitment to ensure that your investments are not only secure but that you get a good rate of return on the investments you make, while basking in the glow of being contributors to the growth of business and development of the nation.”
He added that: “We remain steadfast in our goal of diversifying the economic resource base of the nation and so seek to activate and encourage multifarious investment options. The Nigerian Diaspora, who are not only familiar with the investment terrain, understand the risks and have personal interest and stake in the future of this country, but have also been acclaimed as one of the largest, brightest and most enigmatic Diaspora group in the world, are clearly a desired and desirable base to rely on and partner with in boosting our Foreign Direct Investment (FDI) for development.
“We look to your emotional and logical connections with this great land of ours with which you have chosen to maintain links and your clear recognition of the abundant economic possibilities inherent in investing in its growth and development. We invite you to continue to explore ways and means of leveraging activities such as the Nigeria Diaspora Investment Summit to not only expand your wealth but also develop a nation you wish to come back to.”
He noted that the investment summit “is in consonance with the Administration’s expectation of an expansion of the economic base through Diaspora investment. I certainly hope therefore that the Business to Business (B2B) connections on which this Summit is structured will result in the stated outcomes of attracting meaningful and sustainable Diaspora investments to boost economic growth and development of Nigeria.”
Also Read: Askira Attack: Zulum postpones projects’
Abike Dabiri-Erewa, the Chairman and Chief Executive Officer, NiDCOM said partnership with Nigerians in Diaspora are essential for credible response with lasting effects to the impact of Covid.
Dabiri-Erewa, who commended the Nigerians in Diaspora for their support to the country at the height of the Covid pandemic said “if there is one single lesson to be learnt from this, it is the African proverb that says if you want to go fast, go alone, but if you want to go far, go together. It simply means that partnerships are essential for credible response with lasting effects.”
She said: “Therefore in the quest of the Federal Government to go far in repositioning the economy in this post Covid era, there is a need to partner with the Diaspora in achieving these goals. This is why the Summit with this year’s theme being Diaspora Partnership and Linkages for Post-COVID Economic Growth is very apt because it creates that avenue and platform of partnership between the Government and the Diaspora in attracting investment into local business and thus enhancing Foreign Direct Investment in the country.
“Beyond this, NDIS has over the years been expanding its participants’ network, showcasing their products and services to target audiences such as the Diaspora investors, sponsors and government actors. Besides, it has been providing pro bono coaching and mentoring services to pitchers on how best to sell their business and attract investment. This goes to show that the Summit is not just keen on attracting foreign Direct Investment but ensuring that the capacities of local businesses, most especially those that participate in the Summit, are significantly enhanced.”
On her part, the Summit Coordinator, Dr. Badewa Adejugbe-Wilaims pointed out that “there are a great number of well-trained, resourceful, and talented Nigerians in the Diaspora who are in various business sectors, including healthcare, real-estate, and agribusiness, just to mention a few, who have made a mark in their various fields and have over the years demonstrated their strong desire to give back and help in developing the country. It will be tragic if the country fails to partner with this set of Diaspora and attract their investments into the country’s small and medium enterprises in a bid to grow the country’s economy.
“This summit is therefore apt, as it creates a platform for the Diaspora to invest in SMES in the country and further demonstrates that targeting the Diaspora for inward investment is one of the best strategies to drive socio-economic growth and development in the country. I would also like participants to note that this year’s event is peculiar in that it plans to host a Diaspora Housing Fair, where all Nigerians in the Diaspora will be availed of various opportunities to own their homes in Nigeria seamlessly.”
Osinbajo guarantees Nigerians in Diaspora of good returns, security of investment
National News
President Tinubu Commends Zulum over dividends of Democracy even as he commissions new projects in Borno
President Tinubu Commends Zulum over dividends of Democracy even as he commissions new projects in Borno
By: Bodunrin kayode
President Bola Tinubu on Saturday commended Prof Umara Zulum for doing a good job even as he delivers series of new project for his people.
The President who made the remarks during the commissioning ceremony of several projects performed separately, commended Governor Zulum for his transformative leadership which is really touching the lives of the people.
“I congratulate the Governor and the people of Borno State for this transformation. Government is all about people, and Professor Zulum is doing a very good job of caring for people.” Said Tinubu.
Tinubu had Commissioned three newly constructed mega schools and a fleet of 620 fully electric vehicles and tricycles delivered by the Governor of Borno State, Professor Babagana Zulum.
The President highlighted the projects as tangible evidence of effective governance and a blueprint for holistic state development needed in times like these.
The commissioned schools include: Mafoni Day Secondary School, Bola Ahmed Tinubu Government Day Secondary School and Mafoni Primary School.
They are part of Governor Zulum’s ambitious 104 Mega School Initiative designed to drastically improve access to quality education and rebuild the sector after over a decade of insurgency.
Each of the school complexes is equipped with modern classrooms, laboratories, libraries, sports facilities and an administrative complex to create a conducive learning environment.
Earlier, the President had also commissioned the international terminal of the Muhammadu Buhari International Airport, Maiduguri, in preparation for the commencement of international operations.
Responding to the President’s gesture Zulum expressed gratitude for the federal government’s support and reiterated his administration’s commitment to rebuilding Borno’s infrastructure, economy and human capital.
President Tinubu concluded his state visit by attending the wedding ceremony of the son of the former Borno State Governor Senator Modu Sheriff’s, conducted at the Maiduguri Central Mosque in front of the Palace of the Shehu of Borno state.
The event was attended by state government officials, traditional rulers community leaders and a group of federal officials in the Presidential convoy.
President Tinubu Commends Zulum over dividends of Democracy even as he commissions new projects in Borno
National News
Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD
Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD
By: Michael Mike
The Network for the Actualization of Social Growth and Viable Development (NEFGAD), a frontline public procurement advocacy group, has commended President Bola Tinubu for the bold, visionary, and far-reaching reforms outlined in his presentation of the 2026 Appropriation Bill to the National Assembly.
NEFGAD particularly commended President Tinubu’s remarks on public procurement at the presentation of the budget, stating that the President’s statement underscores the administration’s unwavering commitment to transparency, efficiency, and prudent management of public resources.
In a statement signed by the organisation’s acting head of office, Barrister Unekwu Ojo, and made available to journalists on Saturday, NEFGAD lauded the President’s disclosure that the Federal Government commenced a comprehensive procurement reform framework from November last year, describing it as a decisive shift toward strengthening due process, reducing waste, and enforcing accountability across Ministries, Departments, and Agencies (MDAs).
The statement noted that the reforms have demonstrably shortened procurement processing timelines, enhanced compliance, and strengthened sanctions against erring contractors and public officials, setting a new benchmark for governance and fiscal prudence.
The group said that November 2024, the period referenced by Mr. President, coincides with the assumption of office of the Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun, and established beyond doubt, that the procurement reforms acknowledged by Mr. President are being driven and implemented under the leadership of Dr. Adedokun, in alignment with the policy direction of the Tinubu administration.
Of particular significance is the President’s emphasis on the Nigeria First Policy, which mandates MDAs to prioritize Nigerian-made goods and local companies in public procurement, NEFGAD described this policy as a strategic intervention aimed at deepening local content, stimulating domestic industries, creating jobs, encouraging innovation, and reducing Nigeria’s over-reliance on imports, and emphasised that procurement is no longer a mere administrative process but a powerful instrument for national economic development and industrial growth.
Ojo further commended the remarkable achievement of the Bureau of Public Procurement under Dr. Adebowale Adedokun, which has recorded over ₦1 trillion in savings within just one year through enhanced price intelligence and benchmarking mechanisms.
She insisted that: “This figure is larger than the cumulative savings recorded by the BPP in 17 years from 2007 to 2024 before Dr. Adedokun’s assumption of office, marking the most significant cost-saving milestone in the history of the Bureau and perhaps in the entire continent by any government in a single budget cycle.”
NEFGAD observed that these gains are a clear demonstration that Nigeria’s procurement system is entering a new era defined by efficiency, national interest, and sustainable economic growth. The organisation stressed that while the achievements are commendable, sustained reforms must be safeguarded through strict adherence to due process, impartial enforcement, and continuous transparency.
The group called on all stakeholders, including MDAs, civil society organisations, and the media, to actively engage in monitoring the implementation of procurement reforms, ensuring that the Nigeria First Policy achieves its intended goals without being hijacked by vested interests or manipulated for political patronage.
NEFGAD also urged the government to institutionalise best practices, consolidate savings, and expand the culture of accountability, warning that the long-term success of the reforms hinges on consistent oversight, robust regulatory frameworks, and unwavering political will.
According to NEFGAD, the ongoing transformation of Nigeria’s procurement landscape is not only a victory for public finance management but also a template for good governance that other sectors can emulate. The organisation reiterated its commitment to supporting the government’s reform agenda through advocacy, capacity building, and independent monitoring, emphasizing that procurement must continue to serve as a strategic driver of economic development, job creation, and national prosperity.
Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD
National News
China-Nigeria Trade Volume Surpasses $22b- Envoy
China-Nigeria Trade Volume Surpasses $22b- Envoy
…10,000 Nigerians Have Enjoyed Training Programmes in China So Far
By: Michael Mike
China-Nigeria trade volume has surpassed $22 billion, China Ambassador to Nigeria, Yu Dunhai has said.
Speaking at the 1st Annual China-Nigeria Government Exchange Program Alumni Reunion Gala, in Abuja, Yu also disclosed that over 10,000 Nigerians have benefited from opportunities for the exchange provided by China.
Yu while noting that 2025 trade volume has surpassed that of the previous year, said that China’s direct investment to Nigeria increased by 130%, while Nigeria’s export increased by over 200%.
He said: “ I think this bilateral relations not only has a political meaning, but it’s actually more about people-to-people relations. And I’m very happy to let all of you know that our trade volumes, this year, already surpassed 22 billion U.S. dollars.
“That’s already surpassed the total amount of last year. And China’s direct investment to Nigeria increased by 130%. And another good news is Nigeria’s export increased by over 200%.”
The envoy also said his country is working closely with Nigeria authorities to implement the zero tariff policy announced in June 2025, which is meant to expand Nigeria’s export to China while also enhancing Nigeria’s position on the international global trading system.
He said: “We are working very closely with the Ministry of Industry, Trade and Investment to implement the zero tariff policy, which the Chinese government announced last June. That is, China is going to provide zero tariff for 100% of products from all 53 African countries, including Nigeria, to China.
“And I believe that this is going to expand Nigeria’s export to China and contribute also to the enhancing of Nigeria’s position on the international global system, the trading system.”
He noted that China-Nigeria are working on other various projects which are aimed at providing mutual benefits, stating that he believed that Nigeria and China are natural partners, as both countries shared the same interest.
He therefore said both countries need to work together to enhance the current global governance, to address the active representation of African countries, and to better let our voices be heard globally.
Yu, while stating that: “China’s today is Nigeria’s tomorrow,” noted that China and Nigeria shared a lot of similarities.
On bringing the alumni together, Yu said: “is to provide a platform for our alumni who attended the Chinese Government Exchange Programme to stay connected, to exchange ideas, and thus contribute to China-Nigeria relations.
“Indeed, over the years, China has provided over 10,000 opportunities for the training programme for Nigerians.
He said the training opportunities aimed at building the capacities and sharing experience of governance, to poverty reduction, to manufacturing, agriculture, public health, trade, investment, science, technology, innovation, food economy, digital economy.
He added that: “And I believe that this not only helps to enhance the capabilities of the individuals, but also contributes to the economic and social development of Nigeria.”
Yu said the alumni of the exchange programme cut across Nigeria’s cities of Abuja, Lagos, Maiduguri and Ibadan, among others.
China-Nigeria Trade Volume Surpasses $22b- Envoy
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