Investment
Obi lends his voice to Dangote/NNPCL Feud, says Dangote needs support not vilification
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***Insists, Dangote Refinery is too vital to fail
The Labour Party Presidential Candidate in the 2023 election, Peter Obi has urged the Nigerian Government to apply caution in handling Dangote, and NNPCL conflicts as he asked for full support to be given to the Refinery to operate.
Being an issue that about Nigeria’s economy and the well-being of its citizens Obi said the conflict is troubling.
Writing on his X handle on Tuesday, the LP standards bearer said,
“Dangote Refinery Should Be fully supported, not vilified.
The recent conflicts between Dangote Industries and some government agencies are deeply troubling. This issue transcends political affiliations and personal grievances.
“It is fundamentally about Nigeria’s economy, future, and the well-being of its citizens. Given Alhaji Dangote’s significant contributions to Nigeria, these disputes must be resolved swiftly. “Government agencies should be directed to offer the necessary support for the seamless launch and operation of the Dangote Refinery and its associated enterprises.
“The refinery has the potential to generate approximately $21 billion in annual revenue and create over 100,000 jobs, with numerous additional positive impacts on the economy.
“Its strategic importance in addressing Nigeria’s fuel crisis, boosting foreign exchange earnings, and fostering economic growth cannot be overstated.
“The refinery is too vital to fail and must not be hindered, considering its crucial role in our national welfare.
“The Federal Government and its agencies need to recognize the significance of Dangote’s contributions. Alhaji Dangote is not just a businessman; he is a national and African brand symbolizing patriotism, commitment, and impactful entrepreneurship.
Despite operating in a challenging business environment, he has established a remarkable industrial hub in Nigeria, encompassing over 15 sectors, including cement, sugar, salt, fertilizer, infrastructure, tomatoes, automotive, energy, petrochemicals, rice, poly sacks,
real estate, mining, logistics, and maritime. “Alhaji Dangote’s unwavering dedication to Nigeria’s industrialization, job creation, and economic growth, despite adversities, warrants full support and protection.
“With economic indicators like unemployment, inflation,
Forex scarcity, and debt worsening, every sensible and patriotic government should regard enterprises like Dangote Industries as national treasures, meriting robust support and protection.
“In the interest of Nigeria and its citizens, as well as Africans at large, I urge the Federal Government and its agencies to provide Dangote Industries, especially the refinery, with all necessary support.
Investment
Akpabio: Real Estate Sector Crucial to Nigeria’s Economic Future
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Senate President Godswill Akpabio has asserted that Nigeria’s economic future depends on strategic real estate policies, transparent land administration, and sustainable infrastructure.
Speaking in Lagos on Friday during his investiture as a Fellow of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Akpabio underscored the pivotal role of the real estate sector in stabilizing the economy, boosting investor confidence, and bridging the nation’s housing deficit.
The special assistant to the Senate President Jackson Udom in a statement quoted Akpabio to have praised estate surveyors and valuers for being the silent architects of Nigeria’s economic transformation, ensuring that investments in land and property remain secure and viable.
“Without your expertise, businesses would struggle to invest, and the dream of homeownership for millions of Nigerians would remain just that—a dream,” he said.
He noted that as global economies shift towards real estate-backed financial stability, Nigeria must position its property and housing sectors as key drivers of economic growth.
The Senate President pledged legislative backing for policies that will that will make housing more affordable for Nigerians, ensure land administration is transparent and corruption-free, attract local and foreign investments into the real estate sector and Promote urban planning that supports economic expansion
“The policies we enact and the reforms we champion must align with a vision where real estate is not just a private asset but a national economic tool,” Akpabio emphasized.
With Nigeria facing an estimated 28 million housing deficit, Akpabio stressed the need for strategic collaborations between the government, private sector, and real estate professionals to provide sustainable solutions.
“Housing should not be a luxury but a right. Our goal is to create a framework where every Nigerian, regardless of income level, can own a home without financial strain,” he stated.
As the real estate sector becomes a cornerstone of economic resilience, Akpabio assured stakeholders that the Senate is committed to creating policies that turn Nigeria’s land and property assets into engines of national prosperity.
Investment
Nigeria Secures €300 Million Development Deal with France to Boost Key Sectors
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The Federal Government of Nigeria has entered into a €300 million development partnership with France, for strengthening critical sectors such in healthcare, transportation, renewable energy, agriculture, and human capital development. The agreement is a major step in bolstering bilateral ties and advancing Nigeria’s sustainable development goals.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led the Nigerian delegation in signing two key agreements with the French Government and Agence Française de Développement (AFD) during a ceremony in France.
Director of Information and Public Relations, Muhammed Manga in a statement indicated that the agreements aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda adding that it reflected Nigeria’s commitment to comprehensive economic reforms.
The partnership will channel investments into enhancing access to quality medical care and improving urban infrastructure and connectivity.
It will also support Nigeria’s energy transition, Promote food security, sustainable farming practices and focuse on STEM to boost human capital.
Edun who lauded the collaboration, not that the partnership goes beyond financial assistance.
“It is about creating robust, sustainable systems that drive development and empower Nigerians. It reflects the trust our international partners have in Nigeria’s reform efforts.”
AFD CEO Rémi Rioux reiterated the agency’s dedication to supporting Nigeria’s development through long-term financing of sustainable projects. The agreement emphasized Urban Infrastructure Development, Support for MSMEs and Agro-logistics Hubs and Energy Access Expansion
Rioux emphasized that the partnership will aid in fostering job creation and enhancing Nigeria’s economic resilience through strategic investments.
The signing of the agreements, the statement said marked a critical milestone in Nigeria’s economic diplomacy, ensuring continued international support for its growth agenda.
The €300 million partnership is an acknowledgement of the growing confidence in Nigeria’s economic trajectory and commitment to sustainable development.
Investment
Obi Applauds Contributions of former running mate, Dhatti Baba-Ahmed to Education, Healthcare
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The Presidential Candidate of the Labour Party in the 2023 General Election Peter Obi has praised his former Running Mate Baba-Ahmed’s transformative investments in Nigeria’s education and healthcare sectors.
He spoke on Saturday when he honored Sen. Yusuf Datti Baba-Ahmed’s investiture as the 3rd Chancellor and Chairman of the Board of Trustees of Baze University in Abuja
Obi commended Baba-Ahmed for his substantial contributions, including founding both Baze University in Abuja and Baba-Ahmed University in Kano, which have strengthened Nigeria’s educational framework and created new opportunities for young Nigerians.
“Datti’s commitment to building institutions that advance education and healthcare represents a monumental step in our journey toward national development,” Obi stated.
The event also marked Baze University’s 11th Convocation Ceremony, where degrees were conferred upon new graduates. Obi congratulated the graduating class, encouraging them to channel their skills and knowledge toward building a productive Nigeria.
Reflecting on the future, Obi reaffirmed his vision for a New Nigeria, emphasizing the need for leaders committed to sustainable progress and national growth.
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