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G-20: Trade Minister, Uzoka-Anite links ability to attract investment to Tinubu’s commitment to Nigeria’s industrialization

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For the Nigerian team in the ongoing G-20 Summit in India to attract Foreign Direct Investment into the country has been linked with the unwavering commitment of President Bola Ahmed Tinubu to ensuring Nigeria’s industrialization.

The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, who said this in a statement on Friday by her Media Adviser, Oladapo Sofowora, disclosed that after President Tinubu arrived from his 18 hours trip from Nigeria on Tuesday, he immediately went into a meeting with Billionaire investor; Mr Prakash Hinduja, Chairman and CEO of the Hinduja Group of Companies to seek partnership on investing Billions of Dollars into the Nigerian economy.

According to the Minister, the Nigerian-Indian bilateral relationship has dated back over 7 decades with the two countries maintaining cordial relationships in trade investment and technology exchange.

“Since that historic September 1962 visit, hosted by Alhaji Tafawa Balewa, the first (and only) PM of Nigeria, in Lagos, Nigerian and Indian leaders presided over a bilateral relationship that has grown in leaps and bounds. In my time here in India, I have seen how much of a thing of pride these feats have been for the Indian people. Successes of this nature are especially significant because they rekindle national hope and optimism, and fuel the collective ambition to achieve even more” Dr Uzoka-Anite said.

She further stated that her first international engagement as Nigeria’s new minister of industry, trade and investment in India has broadened her horizon on how India ticked, the powering forces behind ‘Incredible India’, and how Nigeria can learn from India’s digital enumeration of all citizens, development of an ICT sector that is a global powerhouse, and the fight against poverty.

She further highlighted the models used by Prime Minister Modi in lifting 135 million Indians out of poverty in five years.

She said: “Our trip here has so far been fruitful and Nigerians should be proud of our achievement here. We signed an agreement on Infrastructure Corporation of Nigeria Limited (InfraCorp) and Invest India. We also signed another agreement between the Nigerian Ministry of Communication, Innovation and Digital Economy and the Indian Ministry of Electronics and Information Technology. We have also secured investment commitments from multinationals like; SkipperSeil Group, Jindal Steel and Power Limited, Bharti Enterprises, Indorama Petrochemical Limited amounting to several billions of dollars.”

Speaking on her bilateral meeting with the Indian Minister of Commerce and Industry, Piyush Goyal, Dr Uzoka-Anite Doris further disclosed that it provided yet another opportunity for them to discuss how Nigeria and India can improve trade and investment relations as she also wooed various Indian entrepreneurs who are already doing business in Nigeria.

“I am struck by their love and passion for Nigeria, and how proud they are to be seen as champions of the investment potential of Nigeria.

‘We have more than 130 Indian companies that are active in Nigeria from manufacturing to hospitality to oil and gas, and healthcare sector. Our work is made much easier with these enthusiastic promoters of Nigeria and its immense opportunities. I have felt very much at home here in India. Anyone who knows both countries will be aware of just how much we have in common: our colonial heritage, fast-growing, multilingual, multi-religious populations, the success stories of our young people, especially in ICT, and our teeming diasporas.”

The Minister also revealed that ratification of the Bilateral Air Services Agreement (BASA) between Nigeria and India, which allows Air Peace to fly twice weekly between Lagos and Mumbai, in April 2023 has opened more opportunities for exchange between the two countries. She however noted that Nigeria needs to fastrack the signing of Investment Promotion and Protection Agreement (IPPA), and Economic Cooperation Agreement (ECA), with India.

“Joining the G20, as Africa’s largest economy and most populous country, will no doubt position Nigeria to benefit from even more favourable trade and economic ties with India and other leading world economies.
“This visit will mark the beginning of a new vista for Nigeria-India relations, under the leadership of President Tinubu and PM Modi. There are indeed no limits to what we can achieve, for the mutual benefit of Nigerians. We are surely on the path of prosperity”, the Minister added.

 

 

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Rivers Crisis: Hon. Enemi George Blows Hot, Calls Governor Fubara a Small Man

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Hon. Enemi Alabo George, a member of the Rivers State House of Assembly, did not mince his words when he called out Governor Sim Fubara for his reckless and violent actions. He boldly stated, “I dare you today, Sim Fubara.

 

”You may have had the guts to break the gates of the Rivers State House of Assembly quarters and force your way in, but let me tell you, you are nothing but a small man. Your threats and harassment, shooting and inducing fear into the wives and children of Assembly members are nothing but cowardly acts.”

George went on to remind Fubara of his past misdeeds, saying, “You burnt the hallowed chambers of the House of Assembly, attacked the residence of the Speaker of the Rivers State House of Assembly, and even demolished the Rivers State House of Assembly Complex. Despite all this, we did not answer you, we thought it was just the madness of a minute. But know this, you can never break me.”

He further emphasized, “I have respected our friendship for a long time, but now, I refuse to hold back any longer. You know where I live, you know my apartment, why didn’t you come? I worked hard for you to become Governor, I even mobilized professionals from all works and corners of life to support you. But now, I will never bow to baal. You are nothing but a small man, and I will not be intimidated by you.”

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NDLEA Act: Senate Passes Bill to enforce Death Punishment for Drug Peddlers

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The Nigerian Senate has taken a significant step towards ensuring a safer and healthier society by passing a bill to amend the National Drug Law Enforcement Agency NDLEA Act. The amendment includes the imposition of capital punishment by death for those involved in drug-related crimes in Nigeria. The aim of this move is to create a drug-free environment in Nigeria and to address the issue of drug peddling among the country’s youth, which has become a major concern.

The Senate believes that this amendment will provide the necessary legal backing for NDLEA to carry out its duties effectively and also enable the prosecution of those found guilty of drug-related offences. This will go a long way in curbing the drug trafficking menace that has been a source of worry to the government and citizens alike.

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BREAKING: Reps Tells CBN to Suspend Cybercrime Levy Collection

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On Thursday, May 9th, the House of Representatives made a commendable move by ordering the Central Bank of Nigeria (CBN) to suspend the enforcement of the cybercrime levy introduced by the apex bank. This decision was made to ensure that the principles outlined in section 44(2a) of the Cybercrime Act are adhered to, and that Nigerians are not confused or misled in any way by the circular issued by the CBN.

The House of Representatives expressed their concern about the potential misunderstanding that could arise from the circular issued by the CBN, and urged the bank to retract the previous circular promptly and release a new one that aligns with the provisions of the Act.

This action was taken in response to a pressing issue raised by Minority Leader Kingsley Chinda (PDP, Rivers) on behalf of all members. The House’s decision shows their commitment to promoting fairness, transparency, and accountability in Nigeria’s financial sector.

 

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