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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)
The Nigerian Air Force (NAF), says a comprehensive investigation is in progress to ascertain the veracity of reports of loss of civilian lives in the course of recent airstrikes in Zamfara.
The Director, Public Relations and Information of NAF, AVM Olusola Akinboyewa, made this known in a statement on Monday in Abuja.
Akinboyewa said that the NAF dealt a decisive blow to bandits terrorising villages in the area in recent airstrikes at Tungar Kara in Zurmi Local Government Area of the state.
“The operation successfully eliminated several bandits and led to the recovery of some kidnap victims, the NAF viewed with grave concern reports of the loss of civilian lives in the course of the operation.
“As a responsible and professional custodian of airpower for the security of the nation, the NAF believes in the absolute value of the life of every Nigerian.
“Accordingly, a comprehensive investigation is in progress, to ascertain the veracity of the reports, the outcome of which will be duly communicated to inform and re-assure the public.
“Please rest assured that, while our mission in the North West remains to combat banditry and restore peace, the safety and well-being of all Nigerians are of utmost importance.
“We will therefore work closely with all relevant authorities to unravel the facts and take appropriate steps, as part of our unwavering commitment to prevent, minimise and mitigate any harm to civilians and civilian infrastructure in the course of our operations,” he said.
The Federal Government has approved four airlines as official air carriers to transport intending pilgrims for the 2025 hajj pilgrimage in the Kingdom of Saudi Arabia.
The Executive Chairman, National Hajj Commission of Nigeria (NAHCON), Prof. Abdullahi Usman, made this known in a statement by the commission’s Assistant Director, Information and Publication, Mrs Fatima Usara, on Sunday in Abuja.
Usman explained that the four airlines were selected out of the 11 companies that submitted applications to transport Nigerian pilgrims to Saudi Arabia for Muslims pilgrimage.
According to Usman, the four approved airlines are Air Peace Ltd., Fly-Nas, a Saudi Arabia designated airline, Max Air, and UMZA Aviation Services Ltd.
The NAHCON boss stated that the airlines were screened and shortlisted by a team of 32 members that were inaugurated by the NAHCON on Nov. 26, 2024.
He said that the composition of the Aviation Screening Committee included representatives from State Pilgrims’ Welfare Boards, three members from Nigerian Civil Aviation Authority (NCAA) and one member each from the Federal Airports Authority of Nigeria (FAAN).
He also said that some members of the committee were drawn from the Nigerian Airspace Management Agency (NAMA), Nigerian Meteorological Agency (NIMET), and Nigerian Safety Investigation Bureau (NSIB).
Similarly, Prof. Usman said that one member each was drawn from Nigerian Customs’ Service (NCS) and Independent Corrupt Practices Commission (ICPC).
Others, he listed, were NAHCON Board members representing each geo-political zone of the country, NAHCON Heads of Aviation, Procurement, Legal, Internal Audit, and Special Duties as well as Board Member representing the Aviation industry.
The NAHCON boss also disclosed that three excess cargo carriers were selected for the hajj operations.
He named them to include; Aglow Aviation Support Services Ltd, Cargozeal Technology Ltd and Qualla Investment Ltd.,
The Chairman, who congratulated the successful companies, urged them to fulfil their responsibilities as promised during the screening.
Meanwhile, Prof. Usman signed the 2025 Hajj Memorandum of Understanding (MoU) with the Saudi Ministry of Hajj and Umrah on behalf of the Nigerian Government.
Kingdom of Saudi Arabia was represented by the Deputy Minister of Hajj and Umrah, Dr Abdulfatah Masahat, at the signing ceremony.
The event was held in Jeddah, Saudi Arabia to formalise this year’s Hajj engagements.
Some health stakeholders have said that Nigeria’s Primary Healthcare Centres (PHCs), which serve as the backbone of the country’s healthcare system, are in dire need of revitalisation.
The stakeholder said this in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja, (more…)
NAF investigates reports of vigilante losses in Zamfara airstrikes–official
FG approves 4 airlines for 2025 hajj operation – NAHCON Chair
Nigeria’s primary healthcare centres in need of urgent revitalisation – Stakeholders
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