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Insecurity will not affect your investment – Niger Govt assures investors
The Niger State Government has refuted claims suggesting that insecurity might deter investors from investing in the state.
Suleiman Takuma, the Commissioner for Trade and Investment of Niger State, made this clarification in Minna while addressing journalists regarding the upcoming Nigeria Public-Private Partnership Network Meeting scheduled to take place in the state capital on Wednesday.
He assured potential investors that their investments are secure, noting that areas of banditry in the state are located more than six hours away from investment zones. Takuma emphasized that the state government has implemented measures to safeguard investments and ensure the safety of investors.
Despite the challenges posed by insecurity, Takuma highlighted numerous ongoing Public-Private Partnership (PPP) initiatives between the state government and investors, particularly in agriculture and infrastructure sectors.
The commissioner also detailed that the upcoming meeting, themed ‘Using PPPs in Infrastructure Delivery in the States to Ensure National Food Security and Economic Growth,’ aims to convene leaders from both the public and private sectors. Their goal is to discuss innovative strategies for leveraging PPPs to advance national objectives of food security and economic growth.
He further stated, “Collaboratively, we can ensure the provision of essential infrastructure that supports food security and stimulates economic growth, thereby enhancing quality of life.”
Additionally, the Special Adviser to the Governor on PPP, Jonathan Vatsa, and the Executive Secretary of Niger State Investment Promotion Agency, Amina Sanusi, echoed the state’s readiness to welcome investors. They emphasized the importance of collective efforts by Nigerians, especially residents of the state, in supporting government initiatives to create a safe environment conducive for investment.
Dangote Refinery has announced that it will need to export 95-97 percent of its Premium Motor Spirit (petrol) due to low interest from Nigerian marketers. The refinery, which processes 650,000 barrels per day, revealed that only 3 to 5 percent of petrol marketers are purchasing its fuel.
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared these details during an X Space session hosted by Nairametrics on Wednesday. He highlighted the challenges facing both the Dangote Refinery and Nigeria’s oil and gas sector.
Edwin explained, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the remaining 95 to 97 percent has to be exported,” referring to the local sales of the refinery’s products.
This situation arises as the NNPCL’s deadline for adjusting the Dangote Refinery’s fuel distribution approaches without a clear plan in sight. It is worth noting that while Aliko Dangote, President of Dangote Group, has announced the refinery’s initial petrol rollout, its distribution to marketers is contingent upon NNPCL’s decisions.
The final sixteen teams for the 2024 FIFA U-20 Women’s World Cup in Colombia have been determined following the conclusion of the group stage.
In recent matches, Ghana triumphed over New Zealand with a score of 3-1, and Japan secured a 2-0 victory against Austria.
As a result, Japan has advanced to the Round of 16, joining the other 15 teams in this knockout stage.
The Round of 16 matches are scheduled for Wednesday, Thursday, and Friday.
The full lineup for the Round of 16 is as follows:
- Spain vs Canada
- Brazil vs Cameroon
- Colombia vs South Korea
- Mexico vs USA
- North Korea vs Austria
- Germany vs Argentina
- Netherlands vs France
- Japan vs Nigeria
The Nigerian Army has refuted claims of widespread resignations among its soldiers due to issues like corruption and low morale.
In a statement, Major General Onyema Nwachukwu, Director of Army Public Relations, dismissed these reports as unfounded.
A news outlet had alleged that numerous Nigerian soldiers were resigning because of corruption and low morale. However, the statement condemned these allegations as misleading and a deliberate attempt to create discontent and undermine the Nigerian Army’s reputation and the dedication of its personnel.
Major General Nwachukwu clarified that, similar to other military organizations worldwide, service in the Nigerian Army is voluntary rather than mandatory. This means that personnel have the freedom to resign following established procedures.
He explained that the resignation process allows personnel to prepare and manage their entitlements, including pensions and gratuities, as outlined in the Harmonized Terms and Conditions of Service (Officers/Soldiers).
Contrary to the report’s implications, the statement emphasized that Nigerian Army personnel are highly motivated, and their welfare is a priority under the leadership of Chief of Army Staff, Lieutenant General Taoreed Lagbaja.
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