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Osinbajo guarantees Nigerians in Diaspora of good returns, security of investment

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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

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President Tinubu Flags Off the Construction of Dikwa–Gamboru Ngala, Bama–Banki International Road Projects

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President Tinubu Flags Off the Construction of Dikwa–Gamboru Ngala, Bama–Banki International Road Projects

By: Bodunrin Kayode

President Bola Tinubu on Saturday flagged off the construction of the 49.55-kilometre Dikwa–Gamboru Ngala Road and the 49.15-kilometre Bama–Banki Road, describing the strategic highways as critical to economic growth, regional integration, and national security.

The two road projects, regarded as economic lifelines of North-East Nigeria, serves as key gateways to neighbouring African countries, which will bolster cross-border trade, facilitate the movement of agricultural produce, and strengthen security operations in a region recovering from over a decade of insurgency.

The groundbreaking ceremony was held along the Maiduguri–Gamboru Ngala Road, where President Tinubu was represented by Vice President Senator Kashim Shettima.

The Vice President said the rehabilitation of the roads would improve connectivity and deliver on the administration’s commitment to infrastructure development across the country.

“His Excellency, President Bola Ahmed Tinubu, GCFR, has made infrastructure a central priority. This is what Mr. President promised Nigerians, and I’m here today to affirm our readiness to redeem the promise and to convey his goodwill and gratitude for the support you have shown us,” Shettima said.

“The Bama–Banki Corridor carries special strategic weight. It is a top route of agriculture, movement, and national security. The Dikwa–Gamboru Ngala Road belongs to the same vision of reconnecting communities and restoring economic confidence across Borno State.”

The President also commended Borno State Governor, Professor Babagana Zulum, for prioritising infrastructure and maintaining a strong partnership with the Federal Government.

“The partnership between the Federal Government and Borno State shows what becomes possible when public institutions are united by the urgency of service. Certainly, Your Excellency, Professor Babagana Umara Zulum, you are one of the best-performing governors in the federation,” Tinubu stated.

Governor Zulum expressed appreciation to President Tinubu for approving the road projects and other critical interventions in Borno State.

“The successful commencement of this project reflects the strong partnership between the Federal Government and the Borno State Government. We deeply appreciate and remain eternally grateful to the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, GCFR, for his unwavering commitment to the development, peace, and security of the North East and Nigeria as a whole.

“Borno State Government recognizes that infrastructure remains a critical foundation for development. Since assuming office, our administration has prioritized the rehabilitation and construction of roads, schools, hospitals, water facilities, and other critical infrastructure as part of our commitment to improving the lives of our citizens,” he added.

Governor Zulum also pledged the state’s political support for President Tinubu in the next presidential election.

“I want to assure the President and indeed the Vice President that, Insha Allah, come January 2027, the people of Borno State will overwhelmingly vote him into office.”

The Governor equally praised his representative Vice President Shettima for his sustained support towards the reconstruction and development of Borno State.

“Your Excellency, your personal interest in the reconstruction and development of our state continues to inspire confidence among our people. We sincerely appreciate your leadership and steadfast commitment.” said Zulum.

Zulum also acknowledged the humanitarian contributions of Alhaji Aliko Dangote, particularly through the Aliko Dangote Foundation, during the state’s recovery from insurgency and the 2024 flood disaster.

He recalled the construction of Dangote Village, the donation of ₦1.5 billion to the National Emergency Management Agency (NEMA), ₦1 billion to the Borno State Government following the 2024 flood, and the distribution of relief materials to internally displaced persons.

“Through the Aliko Dangote Foundation, thousands of displaced persons received food and non-food items. Essentially, in 2017, he donated 106 trucks of food to IDPs.

“Alhaji Aliko Dangote has also donated ₦1.5 billion to NEMA to support flood victims in Borno State in the year 2024.”

Governor Zulum assured that the road projects would be closely monitored to ensure value for money and strict compliance with quality standards. He also appealed to the Minister of Works to grant the Borno State Government a waiver to regulate the activities of heavy-duty truck drivers using the roads intermittently.

Earlier, the Minister of Works, Senator David Umahi, disclosed that the projects would be executed in two phases and expressed confidence that construction would be completed within six months.

The ceremony was attended by the Borno State Deputy Governor, Umar Kadafur; APC Deputy National Chairman (North), Hon. Ali Dalori; senators; members of the House of Representatives; the Shehu of Borno, represented by the Shehu of Dikwa; ministers; members of the Borno State House of Assembly; APC leaders; the Secretary to the State Government; the Head of Service; the Acting Chief of Staff; commissioners; heads of government agencies; and other dignitaries.

President Tinubu Flags Off the Construction of Dikwa–Gamboru Ngala, Bama–Banki International Road Projects

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Tinubu Flags Off Dikwa–Gamboru Ngala, Bama–Banki Road Projects

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Tinubu Flags Off Dikwa–Gamboru Ngala, Bama–Banki Road Projects

..:Describes Zulum Best Performing Governor

…Zulum Hails Tinubu’s Commitment to Borno Recovery Process

By: Our Reporter

President Bola Ahmed Tinubu on Saturday flagged off the construction of the 49.55-kilometre Dikwa–Gamboru Ngala Road and the 49.15-kilometre Bama–Banki Road, describing the strategic highways as critical to economic growth, regional integration, and national security.

The two road projects, regarded as economic lifelines of the North-East, serve as key gateways to neighbouring African countries, which will bolster cross-border trade, facilitate the movement of agricultural produce, and strengthen security operations in a region recovering from over a decade of insurgency.

The groundbreaking ceremony was held along the Maiduguri–Gamboru Ngala Road, where President Tinubu was represented by Vice President Senator Kashim Shettima.

The Vice President said the rehabilitation of the roads would improve connectivity and deliver on the administration’s commitment to infrastructure development across the country.

“His Excellency, President Bola Ahmed Tinubu, GCFR, has made infrastructure a central priority. This is what Mr. President promised Nigerians, and I’m here today to affirm our readiness to redeem the promise and to convey his goodwill and gratitude for the support you have shown us,” Shettima said.

“The Bama–Banki Corridor carries special strategic weight. It is a top route of agriculture, movement, and national security. The Dikwa–Gamboru Ngala Road belongs to the same vision of reconnecting communities and restoring economic confidence across Borno State.”

The Vice President also commended Borno State Governor, Professor Babagana Umara Zulum, for prioritising infrastructure and maintaining a strong partnership with the Federal Government.

“The partnership between the Federal Government and Borno State shows what becomes possible when public institutions are united by the urgency of service. Certainly, Your Excellency, Professor Babagana Umara Zulum, you are one of the best-performing governors in the federation,” the Vice President stated.

Governor Zulum expressed appreciation to President Tinubu for approving the road projects and other critical interventions in Borno State.

“The successful commencement of this project reflects the strong partnership between the Federal Government and the Borno State Government. We deeply appreciate and remain eternally grateful to the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, GCFR, for his unwavering commitment to the development, peace, and security of the North East and Nigeria as a whole,” Zulum remarked.

“Borno State Government recognizes that infrastructure remains a critical foundation for development. Since assuming office, our administration has prioritized the rehabilitation and construction of roads, schools, hospitals, water facilities, and other critical infrastructure as part of our commitment to improving the lives of our citizens,” he added.

Governor Zulum also pledged the state’s political support for President Tinubu in the next presidential election.

“I want to assure the President and indeed the Vice President that, Insha Allah, come January 2027, the people of Borno State will overwhelmingly vote him into office.”

The governor equally praised Vice President Shettima for his sustained support towards the reconstruction and development of Borno State.

“Your Excellency, your personal interest in the reconstruction and development of our state continues to inspire confidence among our people. We sincerely appreciate your leadership and steadfast commitment.”

Zulum also acknowledged the humanitarian contributions of Alhaji Aliko Dangote, particularly through the Aliko Dangote Foundation, during the state’s recovery from insurgency and the 2024 flood disaster.

He recalled the construction of Dangote Village, the donation of ₦1.5 billion to the National Emergency Management Agency (NEMA), ₦1 billion to the Borno State Government following the 2024 flood, and the distribution of relief materials to internally displaced persons.

“Through the Aliko Dangote Foundation, thousands of displaced persons received food and non-food items. Essentially, in 2017, he donated 106 trucks of food to IDPs. Alhaji Aliko Dangote has also donated ₦1.5 billion to NEMA to support flood victims in Borno State in the year 2024.”

Governor Zulum assured that the road projects would be closely monitored to ensure value for money and strict compliance with quality standards. He also appealed to the Minister of Works to grant the Borno State Government a waiver to regulate the activities of heavy-duty truck drivers using the roads.

Earlier, the Minister of Works, Senator David Umahi, disclosed that the projects would be executed in two phases and expressed confidence that construction would be completed within six months.

The ceremony was attended by the Borno State Deputy Governor, Hon. Umar Usman Kadafur; APC Deputy National Chairman (North), Hon. Ali Bukar Dalori; senators; members of the House of Representatives; the Shehu of Borno, represented by the Shehu of Dikwa; ministers; members of the Borno State House of Assembly; APC leaders; the Secretary to the State Government; the Head of Service; the Acting Chief of Staff; commissioners; heads of government agencies; and other dignitaries.

Tinubu Flags Off Dikwa–Gamboru Ngala, Bama–Banki Road Projects

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PEBEC Targets Seamless Digital Government as 98% of MDAs Meet Business Reform Standards

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PEBEC Targets Seamless Digital Government as 98% of MDAs Meet Business Reform Standards

By: Michael Mike

The Director-General of the Presidential Enabling Business Environment Council, Zahrah Mustapha Audu, has unveiled plans to integrate digital platforms across federal Ministries, Departments and Agencies (MDAs) to eliminate duplication, reduce regulatory bottlenecks and create a seamless experience for businesses, following significant gains in public sector service delivery reforms.

Audu disclosed that 98 per cent of the 69 MDAs monitored by the council now meet prescribed responsiveness standards after a targeted reform programme designed to improve compliance with the Business Facilitation Act.

Speaking during an interaction with journalists in Abuja, she said PEBEC’s next phase of reforms would focus on ensuring government agencies no longer operate in isolation but are digitally connected to enable secure information sharing and faster service delivery.

According to her, while many agencies have digitised their operations, businesses still face unnecessary delays because they are repeatedly required to submit the same information to different regulators.

She cited the National Identification Number (NIN) as an example, noting that agencies should no longer demand documents containing information already available on government databases.

“Our objective is to create an environment where businesses provide information once, and relevant government agencies can securely access it instead of making investors repeat the same process multiple times,” she said.

Audu explained that the reforms are part of PEBEC’s broader mandate to eliminate bureaucratic obstacles, simplify regulatory processes and position Nigeria as a preferred investment destination.

Rather than adopting a confrontational approach, she said the council works collaboratively with government institutions to resolve operational challenges.

“PEBEC is not a name-and-shame organisation. We identify gaps and provide technical support to help agencies improve their services,” she said.

She revealed that the council recently concluded a 90-day Business Environment Enhancement Accelerator Programme, during which reform champions embedded across 69 MDAs worked with PEBEC to strengthen compliance with the Business Facilitation Act.

The initiative, she said, resulted in 98 per cent of the agencies meeting service delivery timelines and responding promptly to enquiries from businesses and members of the public.

Audu noted that the council is now shifting attention from basic compliance to competitiveness, with the goal of making Nigeria a more business-friendly destination than neighbouring economies such as Ghana, Benin Republic and Kenya before benchmarking against leading global performers.

As part of efforts to simplify business regulation, she said PEBEC reviewed licensing procedures and documentation requirements across several agencies to eliminate obsolete and repetitive processes that increase the cost and time of doing business.

She also identified top-performing agencies during the council’s assessment, commending the Nigeria Customs Service for fully complying with reform requirements while reducing cargo clearance timelines and simplifying import and export procedures.

Other agencies recognised for exceeding compliance expectations include the Nigerian Ports Authority, the National Information Technology Development Agency and the National Pension Commission, all of which introduced additional customer-focused reforms beyond the minimum standards.

Audu stressed that the assessment was not intended to rank agencies but to institutionalise reforms capable of improving the experience of businesses dealing with government institutions.

She warned that inefficiency in a single government office can undermine investor confidence in the entire country.

“If someone has a bad experience with one government agency, they do not separate that agency from the government. They simply conclude that Nigeria is not working,” she said.

To sustain the reforms, Audu disclosed that PEBEC will continue its quarterly mystery-shopping exercise, under which officials anonymously access government services to independently assess service quality from the perspective of ordinary users.

She added that the council also operates live performance trackers that allow agencies and the public to monitor compliance levels and identify areas requiring improvement.

According to her, the 2026 Business Facilitation Act Compliance Report is expected to be released in November after the completion of the annual assessment.

She said PEBEC’s long-term goal is to entrench a public service culture built on transparency, efficiency and accountability while creating a fully integrated digital government that makes regulatory compliance faster, easier and more predictable for businesses and investors.

PEBEC Targets Seamless Digital Government as 98% of MDAs Meet Business Reform Standards

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