Headlines
U.S. to host investor roadshow in Nigeria
U.S. to host investor roadshow in Nigeria
The United States of America, through the U.S. Agency for International Development (USAID) Mission in Nigeria and the U.S. government’s Prosper Africa and Power Africa initiatives, will host an investor roadshow from Oct. 9 to 13.
In a statement obtained by the News Agency of Nigeria (NAN) on Friday, the U.S. mission said the roadshow would expose American investors to investment opportunities and the investment ecosystem in Nigeria.
It was noted in the statement that 12 executives from leading U.S. pension funds and financial service providers, managing over 1 trillion dollars in assets, would hold meetings with Nigerian companies and fund managers during the trip.
The mission said a key objective of the trip was to break down information gaps on Nigeria’s business environment and real and perceived risks so that investors could accurately assess business and project opportunities.
“The roadshow comes at an opportune time, given the significant reforms instituted by the Nigerian government under a new administration,” said the statement.
The statement also quoted U.S. Consul General to Lagos, Will Stevens, to have said that beyond advancing specific investment opportunities, the trip was about building enduring trade and investment relationships between America and Nigerian partners.
“I would like to thank USAID for supporting this inaugural delegation of U.S. investors, in partnership with Chapel Hill Denham and International Investor Network,” Stevens noted.
The mission said the investors were scheduled to participate in site visits, events, and investor pitch sessions in Abuja and Lagos, adding that they would engage with U.S. government representatives to understand U.S. trade and investment priorities in the region.
According to the mission, the roadshow advances USAID’s efforts to mobilise greater private sector investment into infrastructure projects in priority sectors including agriculture, water, sanitation and hygiene, and renewable energy.
It also advances Prosper Africa’s mandate as a presidential initiative to transform the economic relationship between Africa and the U.S. and drive large-scale investment to the continent.
NAN reports that the visit follows the “Investing in Development” conference, held earlier this year in Nigeria, which highlighted greater private sector investment in infrastructure as a key pathway to achieving Nigeria’s development objectives.
(NAN)
Headlines
FRSC warns truck drivers against speeding, reckless driving
Mr Joshua Ibitomi, the Area Commander of Federal Road Safety Corps (FRSC),
Ibeju-Lekki, Epe Division, Lagos State, has warned truck drivers against speeding and reckless driving.
He gave the warning in an interview with the News Agency of Nigeria (NAN) in Ibeju-Lekki on Tuesday.
The FRSC official, who blamed speeding on the ghastly vehicle accident that occurred at Aiyetoro market in Epe
which claimed several lives and left some injured, said that with careful driving, such accident could be avoided.
He added that “the accident was as a result of speeding, reckless driving and loading of truck beyond its capacity.
“All these are factors responsible for accident when drivers are not conscious of the driving rules.
“Vehicle can develop technical fault at any time, therefore, speed limit and caution need to be applied while driving.”
He said FRSC had been sensitising drivers on the need to install speed limit device and be road conscious while driving, in line with the mandate to instill decent use of road.
Ibitomi also advised passers-by and the public to be safety conscious while walking on roadsides to avoid falling victim of accidents.
He attributed major road crashes on roads to speed limit violation, urging drivers to respect the sanctity of human life by obeying traffic rules.
He added that the FRSC had evolved measures to ensure accident-free yuletide and new year festivities in 2024
Headlines
Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters
Jubilant supporters celebrated Donald Trump’s apparent victory in Florida early Wednesday as he claimed a return to the White House, despite most major news networks holding off on officially calling the race.
At an event in Palm Beach, Trump supporters reveled in the win projected by Fox News, cheering as the former president declared a “political victory that our country has never seen before.”
“I feel extraordinary,” said 68-year-old supporter Ted Sarvanis, dancing with arms in the air. “This is the greatest American political story in the history of the country.”
Joined by running mate J.D. Vance, Trump took the stage, celebrating his projected win. The atmosphere at the convention center was electric, with supporters sporting “Make America Great Again” caps and mingling in formal attire and Trump-themed clothing.
“I feel relieved. I was a little bit scared because you never know how things are going to turn out,” said Stacy Kurtz, 45.
In contrast, a far different scene unfolded for Vice President Kamala Harris’s supporters at Howard University in Washington, where they were hoping for a Democratic win.
As the night wore on and Trump gained electoral votes in key battleground states, disappointment swept through the crowd.
“I am scared, I am anxious now,” said Charlyn Anderson earlier in the evening.
Democratic watch parties in places like Atlanta and Pennsylvania grew somber as results rolled in, with Lynn Johnson, 65, expressing concern, “It’s going to be dangerous if he wins. I don’t feel safe.”
While Trump’s supporters celebrated a comeback, the mood among Democrats was marked by worry and disbelief.
“He’s a terrible candidate, so it just doesn’t make sense,” said Harris supporter Ken Brown.
The contrasting scenes highlighted the nation’s deep political divide on election night.
Headlines
Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties
President Bola Tinubu has extended warm congratulations to President Donald Trump on his re-election as the 47th President of the United States, expressing optimism for stronger ties between Nigeria and the U.S. in an era of global challenges.
The congratulatory message, issued by Tinubu’s Special Adviser on Information & Strategy, Bayo Onanuga, emphasises the Nigerian leader’s hopes for a renewed partnership between the two nations.
Following his victory on Wednesday, Trump pledged to “heal” the country, marking a stunning political comeback as he edged past Kamala Harris in a closely contested election.
Tinubu, in his message, affirmed, “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.”
Tinubu highlighted that Trump’s return to the White House reflects the trust and confidence of the American people in his leadership, praising their commitment to democracy.
Given Trump’s experience from 2017 to 2021 as the 45th President, Tinubu foresees a new era of “earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States.”
The Nigerian President also expressed confidence that Trump’s leadership will contribute to peace and prosperity worldwide, acknowledging America’s significant influence on global affairs.
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