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US tariffs may be a blessing for Africa-Dele Alake
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The Minister of Solid Minerals Development, Dele Alake, has said that the wave of tariffs introduced by the United States to discourage export by Nigerian businesses may become a blessing in disguise for African economies.
The minister made this remark during a chat session at the 14th Annual Investment Meeting Congress in Abu Dhabi, United Arab Emirates.
A statement by the minister aide, Segun Tomori, on Sunday said the session was titled “The Alchemy of Foreign Direct Investment – Turning Policies into Prosperity for Emerging Global Markets,” focused on the shifting climate for investment and trade.
Recall that US President Donald Trump recently imposed a 14 per cent tariff on exports by Nigerian businesses, presenting a significant risk to the $10bn annual exports to the United States, potentially disrupting key sectors such as oil export and agricultural trade.
The regime, now suspended for 90 days, has ignited a trade war, raised the prices of goods and services for consumers, weakened the standard of living, slowed down manufacturing activities and hindered international trade.
Commenting on the implications of US-led trade tariffs, Alake urged African countries to take a more inward-looking approach by strengthening domestic policies and boosting intra-African trade.
He also called on African countries to adopt an introspective approach by looking inwards and adjusting their domestic policies to focus more on intra-African trade, with little dependence on external forces.
He said, “The prevailing barrage of tariffs initiated by the United States of America may well be a blessing in disguise for African countries. We need to organize our economic imperatives to ensure a balance of trade and strengthen intra-African trade among ourselves. The time is now”.
Alake criticised the long-standing model of exporting unprocessed raw materials from Africa — a practice he described as “pit to port.”
“That era can no longer continue. Investors are welcome, but they must come in, set up factories, add value to our mineral resources and create jobs on the continent — not just ship out raw wealth,” he said.
According to the minister, Nigeria’s mineral development policy prioritises value addition and job creation, a stance that is gaining ground among mineral-producing African nations.
Alake chairs the African Minerals Strategy Group, a coalition focused on protecting the continent’s mineral wealth.
Nigeria’s policy on the minerals sector development is strictly geared toward value addition and boosting the local economy through job creation.
Other participants who spoke at the fireside chat included His Excellency Zaher Al Qatarneh, Secretary General of Jordan Ministry of Investment, Goncalo Terenas, Co-founder- Diaspora Prime Portugal, and Vadim Tretyakov, Minister of Investment and Development of the Sverdlovsk Region.
During the Congress, Alake toured the exhibition platform where Nigeria was ably represented by the Solid Minerals Development Ministry, Solid Minerals Development Fund, and Zamfara State government.
He also visited the booths of the private business groups from Nigeria, such as the Women Enterprise Alliance and Ghana’s Jant’s Fashion Collection.
The AIM Congress welcomed thousands of top government leaders from around the world, including corporate leaders, technology innovators, and sundry financial institutions and experts.
The aim of the yearly congress is to “ignite positive transformation by creating investment opportunities, upholding solidarity and developing economic relations among nations.”
The yearly AIM Congress took place at the impressive Abu Dhabi National Exhibition Centre under the broad theme, “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure.”
…Abbas pledge collaboration with opposition leaders to advance 10th Assembly’s legislative agenda
By Gloria Ikibah
The Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas, has formally announced the completion of the minority leadership structure in the 10th House following the nomination and endorsement of three lawmakers to fill vacant principal officer positions.
Speaking during plenary, Abbas informed members that the minority caucus had unanimously agreed on the appointments through a consensus arrangement.
According to the Speaker, the nomination was conveyed to the House in line with the decision of minority members of the 10th Assembly.
He said: “The election of the House of Representatives, Federal Republic of Nigeria, the minority members of the 10th Assembly hereby unanimously nominate the following members by consensus to fill the vacant positions of the minority in the parliament.”
Announcing the appointments, Abbas stated: “Number one, Minority Leader, Rt. Honourable Frederick Abedi PhD. Number two is the position of Minority Whip, and the person they have endorsed is no other than Honourable Monsur Soro.
He added: “The last but not the least is my brother from the northwest, in person of Rt. Honourable Abdusamadu Dasuki, the position of Deputy Minority Leader.”
Following the announcement, the Speaker congratulated the newly appointed principal officers and expressed confidence in their ability to contribute meaningfully to the work of the House.
He also assured the new opposition leaders of the support of the House leadership as they assume their responsibilities.
“So honourable colleagues, today the body of principal officers is complete, and I want to seize this opportunity on behalf of the whole entire house to congratulate the three people and to wish them all the best in their new positions.
“And let them be assured that the leadership of the house will work with them assiduously in ensuring that we achieve our legislative agenda objectives of this very important 10th Assembly,” Abbas said.
The Speaker wished members well and prayed for continued success in the work of the legislature.
“May God bless you all”, he concluded.
Finally the first set of Nigerians evacuated from South Africa has arrived at the Murtala Mohammed International Airport in Lagos following renewed xenophobic attacks in the country.
The Air Peace flight carrying the returnees arrived at the airport around 10:25 am on Thursday.
Nigeria’s Minister of State for Foreign Affairs, Sola Enikanolaiye, among others, was on hand to welcome the 258 evacuees who were escorted by officials of the Nigerian Mission in South Africa, led by the Acting High Commissioner, Temitope Ajayi.
Addressing the returnees, Enikanolaiye said Nigeria will not stand idly by while its citizens are subjected to attacks and harassment wherever they may be in the world; hence, the swift and necessary action to bring them home.
In a statement following their arrival, the Foreign Affairs Ministry’s spokesperson, Kimiebi Ebienfa, quoted Enikanolaiye as commending the excellent coordination of the process by the High Commission of Nigeria in Pretoria.
He urged Nigerians in South Africa to remain law-abiding and vigilant and to report any threats to the Nigerian Mission. The minister said that the Federal Government remains fully engaged with the South African authorities at the highest levels to ensure the protection of Nigerian nationals and to address the root causes of these incidents.
The minister conveyed the heartfelt greetings and assurances of President Bola Tinubu to the returning nationals.
“No Nigerian should live in fear simply because of their nationality. The evacuation does not signal defeat; it underscores the proactive and citizen-centred foreign policy of the Tinubu administration,” the statement read in part. “More flights carrying returnees are expected to arrive in the country in the coming days as the evacuation exercise continues.”
The returning nationals are undergoing the process of documentation, profiling, and necessary medical checks and will be provided with temporary accommodation before being reunited with their families, the ministry said.
Anti-foreigner violence has convulsed South Africa for weeks as gangs armed with sticks, whips, and shields have marched through parts of the “rainbow nation”, demanding that people with no residency papers leave by June 30.
Foreign nationals have reported being intimidated and beaten by mobs going door to door, families have been forced from their homes, and many have left in the face of the threats.
Ghana, Mozambique, and Malawi have already repatriated hundreds of their citizens in recent weeks.
South Africa is Africa’s largest economy and hosts more than three million foreigners, just over five per cent of its population, according to the country’s statistics agency.
…Enikanolaiye says rescue mission reflects Tinubu’s commitment to protecting Nigerians abroad
By Gloria Ikibah
The first batch of 258 Nigerians evacuated from South Africa following renewed xenophobic attacks has arrived safely in the country, with the Federal Government describing the operation as a clear demonstration of President Bola Tinubu’s commitment to the welfare and protection of Nigerians wherever they reside.
The returnees landed at the International Wing of the Murtala Mohammed International Airport, Lagos, on Thursday morning aboard a special Air Peace flight arranged and fully funded by the Federal Government.
The evacuees, who were accompanied by officials of the Nigerian High Commission in Pretoria led by Acting High Commissioner, Ambassador Temitope Alexander Ajayi, were received on behalf of the Federal Government by the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye.
Addressing the returnees, Enikanolaiye conveyed President Tinubu’s message of solidarity and reassurance, stressing that the safety and dignity of Nigerians abroad remain a top priority for the administration.
He said: “The Federal Government of Nigeria will not stand idly by while our citizens are subjected to attacks and harassment, wherever they may be in the world, hence the swift and necessary action to bring our people home.”
The minister noted that the evacuation exercise was coordinated by the Ministry of Foreign Affairs in partnership with the Nigerian High Commission in South Africa and several government agencies, including the Federal Ministry of Humanitarian Affairs, the Ministry of Aviation, Federal Ministry of Health, Nigeria Immigration Service and security agencies.
According to the ministry, the operation underscores the government’s determination to protect Nigerians from violence, discrimination and intimidation abroad.
The statement stressed that the evacuation should not be interpreted as a retreat but rather as a proactive intervention aimed at safeguarding citizens caught in a difficult situation.
“No Nigerian should live in fear simply because of their nationality. The evacuation does not signal defeat; it underscores the proactive and citizen-centred foreign policy of the Tinubu administration,” he added.
Enikanolaiye also commended the Nigerian Mission in Pretoria for its role in ensuring the successful evacuation of the affected citizens.
The minister disclosed that Nigeria remains in active diplomatic engagement with South African authorities to address the situation and ensure the safety of Nigerians still residing in the country.
“I commend the excellent coordination of the process by the High Commission of Nigeria in Pretoria and urge all Nigerians in South Africa to remain law-abiding, vigilant, and to report any threats to the Nigerian Mission.
“The Federal Government remains fully engaged with the South African authorities at the highest levels to ensure the protection of Nigerian nationals and to address the root causes of these unfortunate incidents”, he stated.
The returnees are currently undergoing documentation, profiling and medical screening, after which they will receive temporary accommodation and other forms of assistance before being reunited with their families.
The Ministry of Foreign Affairs said additional evacuation flights are expected in the coming days as efforts continue to bring home Nigerians affected by the attacks.
The ministry also appealed for calm while diplomatic efforts aimed at resolving the crisis are intensified.
The latest evacuation follows renewed concerns over xenophobic violence in South Africa, where foreign nationals, including Nigerians, have periodically faced attacks, harassment and threats in recent years.
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