Connect with us

Economy

Tinubu Government Pledges To Strengthen Investment, Trade Opportunities With UAE

Published

on

Tinubu Government Pledges To Strengthen Investment, Trade Opportunities With UAE

Tinubu Government pledges to strengthen investment, trade opportunities with UAE. He said the global business landscape was shifting towards sustainable and impact-driven investments.

The federal government has expressed its commitment to strengthen investment opportunities and trade partnerships with the United Arab Emirates (UAE) and other countries.

This is contained in a statement issued by Adebayo Thomas, director of press and public relations, ministry of industry,trade and investment, in Abuja on Thursday.

Ms Thomas said Jumoke Oduwole, the minister of industry, trade and investment, made the pledge in an exclusive interview at a prestigious investopedia conference in the UAE.

According to him, Mr Oduwole highlighted the transformative reforms undertaken by President Bola Tinubu’s administration over the past 18 months, describing Nigeria as an attractive investment destination.

“The president has implemented crucial reforms addressing currency stability, inflation, and fiscal policies, which are already yielding positive results.

“Now, our focus is on trade policy and investment.
We are open for business and eager to expand trade with the UAE.

“The strong diplomatic ties between our countries create a fertile ground for investment, particularly in construction services, energy, food security, digital trade and mining,” he stated.

Ms Thomas also quoted the minister as saying that the global business landscape was shifting towards sustainable and impact-driven investments.
According to him, Ms Oduwole emphasised that the federal government was aligning its policies toward ensuring that Nigeria remained an attractive destination for responsible investors.

He said the minister further explained the country’s strategy for risk transactions and foster sovereign wealth-backed partnerships, particularly with priority nations like the UAE.
“We are structuring investment deals to create a win-win scenario for all stakeholders.

“Beyond bilateral trade, Oduwole assessed Nigeria’s role in intra-African trade under the African Continental Free Trade Agreement (AfCFTA).
“Nigeria is a digital trade champion and leader in the tech sector,” the minister said.

”With over 200 million people and five out of nine African unicorns coming from Nigeria, we are leveraging digital trade and services.
“These contribute over 50 per cent of our Gross Domestic Product (GDP),” she stated.

Ms Thomas said that the minister also acknowledged the evolving geopolitical landscape and the increasing importance of self-reliance in Africa’s economic strategy.

According to him, Ms Oduwole stressed that Nigeria must move beyond dependency and leverage new capital sources and trade partnerships.

“Africa’s multilateral institutions mobilised over 70 billion dollars last year, demonstrating the continent’s potential to drive its own growth.

“As Nigeria continues to optimise its trade agreements and attract strategic investments, the government is strongly committed to fostering an enabling environment for business.

UAE

UAE

 

“We keep our trade and investment strategies close to our chest, but one thing is certain, Nigeria is prepared to lead and excel in the new global economy,” Ms Oduwole was quoted as saying.

“With investopedia providing a platform for critical trade dialogues, Nigeria stands poised to strengthen its economic ties.

“Nigeria will continue to drive sustainable investments and champion regional trade across Africa and beyond,” the minister said.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Published

on

By

Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

Continue Reading

Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

Published

on

By

EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

Continue Reading

Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

Published

on

By

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

Continue Reading

Trending