Nigeria's Trade Minister Assures Saudi Investors Of Better Business Environment

Nigeria’s Industry, Trade and Investment Minister, Dr. Doris Uzoka-Anite has assured Saudi investors that the President Bola Ahmed Tinubu administration has kickstarted several initiatives aimed at improving the business environment for prospective investors to thrive in Nigeria.

Speaking at the Nigeria-Saudi Investment Roundtable organised by the Minister and her Saudi counterparts in Riyadh, Saudi Arabia, the Minister said; “We are cleaning up our system and removing the bottlenecks to allow foreign investors to thrive. Our business environment will be better and friendlier than it has ever been”.

The Minister also stated that the President, Bola Ahmed Tinubu is deploying measures in line with the 8-point priority areas of the Renewed Hope Agenda to retain existing investors as well as attract new ones, as she cited some of the bold reforms announced by the President on his inauguration day.

It would be recalled that the President at his inauguration, announced the withdrawal of the stifling fuel subsidy regime and the unification of the forex exchange windows.

The Minister further introduced other Nigerian Ministers including the Minister of Communications and Digital Economy, Minister of Humanitarian Affairs, Disaster Management and Social Development, and the Governor of Niger State on behalf of the Nigerian Governors present at the event to speak on their sectors which further helped convince Saudi investors about investing in Nigeria.

Drawing on the testimonies of Nigerian businessmen such as Alhaji Aliko Dangote at the meeting, Doris Uzoka-Anite said the investors can leverage Nigeria's teeming youth population and vast human capital to enjoy significant returns from their investments.

Responding to the remarks by Mr President and the Minister, the Saudi Businessmen present, expressed their optimism and signalled their intention to do business with Nigeria. They further promised to invest more in Nigeria across several sectors as a result of the convincing pitch delivered by the President and minister.

The main highlight of the Roundtable was the establishment of the Nigeria-Saudi Business Council to consolidate the new business and economic relationship between both countries. The inaugural meeting is expected to be held in Nigeria in the first quarter of 2024.

Another key win from the Roundtable was the Saudi government's promise to send a large business delegation to Nigeria in the first quarter of 2024 to look at concluding investment opportunities deals in Nigeria and preparations for this visit has already commenced with Dr Doris Uzoka-Anite coordinating the planned visit from the Saudi delegation.

In addition, the two countries signed a pact on Economic and Technical Cooperation Between Nigeria and Saudi Arabia while a Joint Business Council (JBC) between The Federation of Saudi Chambers of Commerce (FSCC) and The Nigeria-Saudi Chambers of Commerce, Industry, Mines, Agriculture was also established.

The Nigerian Minister of Finance & Coordinating Economy also gave the closing remarks thanking the Saudis for their hospitality and inviting them to Nigeria to witness a new dawn of investment opportunities.

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State. Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic. Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation. Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...

Tension In Uruagu Nnewi As Community Leaders Dare Soludo,Defy Court Order

The President of Uruagu-Nnewi Development Union, Chief Sunday Okoli aka Organizer, and the Obi of Uruagu-Nnewi community in Nnewi North local government area of Anambra State, His Majesty Afamefuna Charles Obi, have swept Soludo's directive to the gutters, by reason of their suspension and subsequent dessolution of the leadership of the community's youth forum, led by Ejike Ifejiofor, and subsequent appointment of caretaker executive to pilot the affairs of youths in the community. The Anambra governor had, through a letter dated August 9, 2024, signed by the Permanent Secretary, Anambra State Ministry of Youth Development, Dr. Martin Agbili, warned the community leaders to stay any action regarding suspension of the Uruagu-Nnewi youth forum. The community had, through its PG, Chief Okoli, written to the Ministry of Youths Development, notifying the ministry of "immediate suspension" of the youth group over alleged insecurity in the area. But the ministry,...

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