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EU partners Nigeria on investments, development

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EU partners Nigeria on investments, development

By Derrick Bangura

The European Union (EU) Commission on Tuesday, stated it would continue to work with Nigeria on business prospects, investments, and other development projects.

Ms. Margrethe Vestager, Executive Vice President of the European Union (EU), made the assurance during a visit to Mr. Adeniyi Adebayo, Minister of Industry, Trade and Investments, in Abuja.

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Vestager, who was in Nigeria for a five-day working visit, reaffirmed the EU’s commitment to expanding collaboration with Nigeria in agri-food, energy, and infrastructure.

“I have faith in agriculture because it has the ability to create access to trade routes that would otherwise be difficult,” Vestager added.

She stated that the EU was willing to undertake high-level conversations with Nigerian authorities in order to learn about specific goals that would benefit citizens.

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“We are willing to undertake high-level conversations with Nigerian officials to learn about specific areas of priority, particularly as they relate to the country’s industrialization.” We want to strengthen discussions in the next days that will lead to the signing of investment agreements with Nigeria that will enable industrialization.

“There is a lot of discussion in Europe about governments producing in regions where they believe they have friends or neighbors, and the consensus is that Nigeria qualifies because of its scope of investments and ease of doing business,” Vestager said.

The EU Vice President has entrusted Nigerian authorities with strengthening the country’s competition framework in order to encourage businesses to offer consumers the best deals on goods and services, while also ensuring efficiency, innovation, and lower pricing.

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During the discussion, Adebayo stated that his ministry’s primary focus is on the industrialization program, with the overarching goal of fostering job-intensive growth in the Nigerian economy through industrialization.

“Within our Backward Integration Program (BIP), there are potential for investments in these commodities to expand production for local consumption and exports,” he said.

With a view to positioning Nigeria as a supply chain partner to leading global economies, Adebayo said Nigeria was ready to participate effectively in the African Continental Free Trade Area (AfCFTA) – on the Rules of Origin, Technical Barriers to Trade Monitoring Capability, and Establishment of Trade remedy Mechanism.

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Nigeria’s growing mobile penetration rate, as well as a targeted legislative push to improve broadband penetration and financial inclusion, according to Adebayo, are combining to create the ideal conditions for a booming fintech sector and the acceptance of digital solutions to tackle everyday problems.

Ambassador Mariam Yelwaji Katagum, Minister of State for Industry, Trade and Investments, listed multiple taxations, high-interest rates, insufficient working capital, and stiff competition from larger companies as some of the challenges confronting small businesses, but said the federal government was dealing with the challenges through business reforms overseen by the Presidential Enabling.

Multilateral and private sector financing of Special Economic Zones through public-private partnerships and greenfield development, according to Katagum, were areas of collaboration.

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“Support for women-owned businesses is a significant area of collaboration. In this sense, I’d like to know what the EU is doing. Credit facilitation for Micro, Small, and Medium Enterprises (MSMEs) finance schemes, as well as market access for exports, are among the others.

“We will also require assistance in initiating dialogues and matching significant investors with investment possibilities, as well as assistance in delivering Best-Practice assessment and management/navigation of key business legislative reforms and Ease of Doing Business Reforms,” he stated.

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Akwa Ibom APC Gears Up to Receive President Tinubu as Governor Umo Eno Joins Party

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The All Progressives Congress (APC) in Akwa Ibom State has announced its readiness to host President Bola Ahmed Tinubu and other top party leaders as it officially welcomes Governor Umo Eno into its ranks.

Speaking at a press briefing in Uyo on Friday, APC chieftain and former presidential aide, Senator Ita Enang, disclosed that the party was fully prepared to receive the president, Vice President Kashim Shettima, APC National Chairman, and governors elected on the party’s platform for the historic reception.

Governor Umo Eno had on June 6 formally defected from the Peoples Democratic Party (PDP) to the APC, in a move widely described as a political game-changer in Akwa Ibom.

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Enang, a former Special Assistant to the President on National Assembly and Niger Delta Affairs, said the governor’s defection had effectively aligned the state with the central government.

He assured Governor Eno and his supporters that the APC would embrace them wholeheartedly and honour all agreements reached.

“As progressives, we shall work with the governor and his supporters to ensure that they fit into the party without hitches,” Enang stated. “We will also work with them to align programmes of the state government with the ideals and manifesto of the party.”

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He further described the governor’s move as a “merger” that promises significant benefits for Akwa Ibom and its citizens.

The planned reception is expected to mark a major political event in the state, signaling a realignment of forces ahead of future elections.

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Ekiti Launches Aggressive Anti-Flood Campaign, Dredges Ofigba River

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The Ekiti State Government has intensified efforts to prevent flooding across the state with the launch of a comprehensive dredging campaign, targeting critical waterways in both rural and urban areas.

Chairman of the Ekiti State Environmental Protection Agency (EKSEPA), Chief Bamitale Oguntoyinbo, disclosed this on Friday during an inspection visit to the ongoing dredging project at the Ofigba River in Ise-Ekiti.

Oguntoyinbo, who was accompanied by EKSEPA board members, said the visit was to assess the progress of work being carried out to mitigate flood risks in the community. He expressed satisfaction with the pace and quality of the dredging work.

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“I and other board members of EKSEPA are delighted with the level of job done by the site engineer because he is actually working with the directives of three-kilometer dredging of waterways,” he said.

According to him, the dredging commenced on June 4, and so far, 1.8 kilometers of the river have been successfully cleared.

He applauded Governor Biodun Oyebanji for prioritizing the safety and welfare of residents by initiating the state-wide anti-flooding campaign.

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“I want to commend our amiable governor, Mr. Biodun Oyebanji, for embarking on zero tolerance campaign against flooding in every community and town in Ekiti,” Oguntoyinbo stated.

He also praised the General Manager of EKSEPA, Mr. Olukayode Adunmo, for his commitment to the project’s supervision and success.

In his remarks, Adunmo emphasized the urgent need to clear waterways choked by refuse, which impede water flow and contribute to flooding during the rainy season.

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“Dredging of Ofigba River in Ise-Ekiti in Ise/Orun Local Government Area is necessary because some of the waterways have been blocked by refuse,” he explained. “There is the need for us to remove every blockage to enhance free flow of water and avert flooding during heavy rainfall.”

Adunmo also commended Governor Oyebanji for taking proactive steps to protect lives and properties across the state.

Residents of Ise-Ekiti have welcomed the government’s intervention. Chief Godwin Ojo, a community leader, expressed gratitude to the governor for his timely action.

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“We thank the governor for the move to avert flooding in our community,” Ojo said. “May God grant him more wisdom to pilot the affairs of the state to an enviable height.”

The dredging campaign forms part of the Oyebanji administration’s broader commitment to environmental safety and disaster prevention.

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Tinubu to visit Kaduna Thursday to inaugurate key projects

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Tinubu commiserates with Akwa Ibom governor over wife’s death

President Bola Tinubu is expected in Kaduna State Today Thursday for the inauguration of several key developmental projects executed by the administration of Gov. Uba Sani.

The News Agency of Nigeria (NAN) reports that the visit forms part of activities marking Sani’s two years in office.

The projects lined up for inauguration include the 300-bed Specialist Hospital in Millennium City, Kaduna, built by the state government to bolster the provision of healthcare services.

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Tinubu will also inaugurate the Institute of Vocational Training and Skills Development in Rigachikun, road projects in Soba, and Samaru Kataf LGA’S as well as the 24-kilometre Kafanchan Township Road.

Others are the Tudun Biri Road, the 22km road linking Kauru and Kubau LGAs as well as the Vocational and Skills Training Centre in Tudun Biri.

Tinubu is also expected to unveil 100 Compressed Natural Gas (CNG) buses, as part of efforts to modernise the state’s public transportation system.

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The projects are part of the administration’s focus on infrastructurde evelopment, healthcare delivery, youths empowerment, and economic growth.

The state government described the visit as a significant moment for the people of Kaduna and an opportunity to showcase ongoing efforts to transform the state through impactful governance.

Sani, who marked his second year in office this month, has prioritised human capital development, rural infrastructure, and jobs creation since taking office in 2023.

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Tinubu’s visit to Kaduna State was rescheduled from Wednesday to Thursday.

He was initially supposed to visit Kaduna on Wednesday, but due to the recent attacks in Benue, he shifted his trip.

The president visited Benue on Wednesday to commiserate with the victims of the recent attacks and assess the humanitarian crisis.

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During his visit to Benue, Tinubu met with stakeholders, including traditional rulers, political and community leaders, and youth groups, to seek lasting solutions to the hostilities.

He also condemned the ongoing violence and called on the residents to embrace peace and mutual understanding.

NAN recalls that the Benue Government had declared a work-free day for Tinubu’s visit, urging the residents to turn out in large numbers to welcome him.

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