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President Tinubu’s Reforms Massively Opening New Investment Opportunities, Says VP Shettima
President Tinubu’s Reforms Massively Opening New Investment Opportunities, Says VP Shettima
*Assures Abu Dhabi – Beijing Consortium of economic stability, transparency
By: Our Reporter
The Vice President, Senator Kashim Shettima, has restated Nigeria’s readiness to do business with the rest of the world, saying that the ongoing reforms undertaken by the administration of President Bola Ahmed Tinubu across different sectors are opening new opportunities for investment.
“There is no better time to invest in Nigeria. You have come at the right time, where we have been blessed with committed leadership,” he declared.
The Vice President stated this on Tuesday when he received a delegation from the Advanced Energy Partners (AEP) led by chairman of the consortium, Senator Abu Ibrahim, on a courtesy visit to the Presidential Villa.
Senator Shettima, who outlined the abundant resources and potentials across Nigeria, said the Tinubu administration, through specific policies and interventions, is creating the enabling environment for the economy to grow and attract foreign direct investments.
“Be rest assured that you have invested your trust in the right nation. Nigeria is ready for business. We have crossed the Rubicon and are now on the path of sustainable development,” he told the delegation.
Earlier, leader of the delegation, Senator Abu Ibrahim, said the team was on ground in Nigeria to, among other things, explore major opportunities for investment in the upstream oil industry and sectors of the economy.
For his part, the Vice President of China North Industries Corporation (NORINCO), Mr QIANG Wenyu, said the visit was in furtherance of an earlier meeting with President Tinubu in September 2024 in Beijing, just as he reiterated the company’s commitment to collaborating with Nigerian partners in key sectors of the nation’s economy.
He said the company was prepared to fulfill its earlier pledge to deepen cooperation and expand its operations in Nigeria, noting that “for the past one year, we have been acting on that.”
He listed NORINCO’s core areas of operations to include energy, oil & gas, defence industries and mining, among others, noting that the company’s annual turnover grew last year to $30 billion, maintaining a strong reputation in its core fields of operations.
For her part, the CEO of Horizon Energy Abu Dhabi, Ms. Mahra Rashed Al Suwaidi, applauded the leadership of President Tinubu, attributing the company’s renewed interest to invest in Nigeria to the country’s current leadership.
She added that the firm’s confidence in the current administration is reflected in the management of key institutions, including the Nigerian National Petroleum Company Limited (NNPC), among others.
In the same vein, the UAE Ambassador to Nigeria, Salem Saeed Musabbeh Al Shamsi, urged the consortium to waste no time in investing in Nigeria, describing the country as the “right place” for foreign investment.
Noting that the Tinubu administration is the “right government,” he said it has strengthened Nigeria’s economic and bilateral ties with the UAE, leading to non-oil trade between both countries amounting to $4.3 billion in 2024.
Also present at the meeting were the CEO of AEP, Mr Shakiru Olayinka; Mr Abiye Membere from AEP; Mr HU Keyu from China Zhenhua Oil Corporation; Mr XU Yongfeng from Beijing Auxin Chemical Technology Corporation, and Mr LIANG Hongda from NORINCO African Dept, among others.
President Tinubu’s Reforms Massively Opening New Investment Opportunities, Says VP Shettima
Troops Arrest Three Suspected Cattle Rustlers in Borno
By: Zagazola Makama
Troops of 212 Battalion deployed at Forward Operating Base (FOB) Tuba have arrested three suspected cattle rustlers during an operation in Karnuwa general area of Borno State.
Security sources said the operation followed intelligence provided by a local resident, Malam Muhammadu Ardo, concerning alleged cattle rustling activities within the area.
The troops reportedly mobilised to Karnuwa at about 12:30 p.m. on May 4, 2026, where they apprehended the suspects identified as Mallam Mohammad Abatcha, 28; Mallam Mamman Bukar, 18; and Malam Modu Hassan, 30.
According to the sources, the suspects were intercepted while using a pickup vehicle with registration number WW 806 GZ Delta, allegedly employed in transporting stolen cattle.
The rustled cattle were recovered and immediately handed over to their rightful owners at the scene of the arrest.
Items recovered from the suspects included a bow and arrow, three mobile phones, five national identity cards and the sum of N20,650.
Preliminary investigation reportedly revealed that the suspects admitted to repeatedly stealing and selling rustled cattle to buyers in Maiduguri.
Security sources further disclosed that investigators suspect possible links between the suspects and members of the Islamic State West Africa Province or Jama’atu Ahlis Sunna Lidda’awati wal-Jihad due to alleged inconsistencies observed in their statements during interrogation.
Troops Arrest Three Suspected Cattle Rustlers in Borno
Troops Discover Illegal Refinery Site, Recover 600 Litres of Stolen Crude in Rivers
By: Zagazola Makama
Troops of 29 Battalion operating under the Joint Task Force South-South, Operation Delta Safe (OPDS), have uncovered an illegal refining site and recovered about 600 litres of suspected stolen crude oil in Oyigbo Local Government Area of Rivers State.
Security sources said the discovery was made at about 10:00 a.m. on May 12, 2026, during ongoing anti-illegal bunkering operations in the Niger Delta region.
The troops reportedly discovered the illegal refining site around Asa community, where a large cooking pot loaded with stolen crude oil was found stockpiled in sacks.
Military authorities said the recovered products and equipment were handled in accordance with operational directives guiding anti-crude oil theft operations under Operation Delta Safe.
The operation was conducted without any confrontation or security incident.
The Nigerian military has continued to intensify operations against crude oil theft, illegal refining and other forms of economic sabotage across the Niger Delta region.
Troops Discover Illegal Refinery Site, Recover 600 Litres of Stolen Crude in Rivers
Troops, NDLEA Raid Drug Hideout in Katsina, Arrest Suspected Supplier to Terrorists
By: Zagazola Makama
Troops of the Forward Operating Base (FOB) Malumfashi at Kafur, in collaboration with the National Drug Law Enforcement Agency, have raided a suspected drug peddlers’ hideout in Kafur Local Government Area of Katsina State.
Security sources said the operation was conducted at about 12:30 p.m. on May 12, 2026, at Huguma village following intelligence on illicit drug activities within the area.
During the raid, troops apprehended one suspect identified as a major supplier of illicit drugs and other substances to terrorists and criminal elements operating within Kafur Local Government Area and surrounding communities.
Items recovered during the operation included 146 grams of suspected cannabis and 16.5 grams of a substance identified as Exol-5.
The suspect and the recovered drugs have since been handed over to the National Drug Law Enforcement Agency for further investigation and necessary legal action.
Troops, NDLEA Raid Drug Hideout in Katsina, Arrest Suspected Supplier to Terrorists
Troops Neutralise Two Terrorists in Night Ambush Operation in Borno
Troops Arrest Three Suspected Cattle Rustlers in Borno
Troops Intercept Vehicle Conveying Illegal Diesel in Bayelsa
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