Headlines
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.
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.
“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.
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.
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.
“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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Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.
The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.
One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”
Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.
Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.
A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”
Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.
The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.
The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.
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NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.
Headlines
Benue IDPs block highway, demand return to ancestral homes

Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.
The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.
The protest caused disruption, leaving hundreds of motorists and passengers stranded.
Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.
“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.
Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.
Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.
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