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NIDEC 2026: Nigeria Will Attract Investment, Create Jobs, Boost Forex Inflows – Enikanolaiye
By Gloria Ikibah
The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, has said the Nigeria Diaspora Investment Economic Conference (NIDEC) 2026 in Toronto, Canada, is not another diplomatic jamboree but a strategic platform to attract investment, create jobs and increase foreign exchange inflows into Nigeria.
Enikanolaiye stated this on Monday while speaking with journalists at the Nnamdi Azikiwe International Airport, Abuja, shortly before departing for Canada as part of the Federal Government delegation to the four-day conference.
The minister was responding to concerns that similar international engagements in the past had produced limited tangible results and amounted to little more than jamborees.
He said the Tinubu administration’s foreign policy approach, anchored on Demography, Development, Democracy and Diaspora, was focused on measurable economic outcomes.
“This administration does not travel for jamborees. We travel for results. Mr. President has mandated a high-powered delegation led by the Chief of Staff to the President, Hon. Femi Gbajabiamila, because NIDEC 2026 is a deal room for Nigeria’s growth,” the minister said.
According to Enikanolaiye, the presence of senior Canadian officials, including the President of the Treasury Board, Hon. Shafqat Ali, and ministers from Ontario, will provide an opportunity to strengthen Nigeria-Canada economic relations.
He said discussions will focus on new trade agreements, partnerships involving small and medium-sized enterprises and improved market access for Nigerian products in North America.
The minister also said the composition of the Nigerian delegation was deliberately designed to attract investment and generate economic opportunities at both federal and state levels.
He said the participation of the Central Bank of Nigeria, Nigerian Investment Promotion Commission, Nigerian Export Promotion Council and Nigeria Revenue Service would enable Nigeria to present opportunities and incentives for diaspora investment, export expansion and remittance-backed investment vehicles.
Enikanolaiye said the initiative is expected to contribute to increased foreign exchange inflows while supporting job creation in Nigeria.
He also highlighted the participation of five state governors from Anambra, Borno, Kaduna, Plateau and Zamfara, saying their presence would help decentralise investment opportunities beyond Abuja.
According to him, the governors would directly engage potential investors on projects in infrastructure, agriculture, technology and mining within their respective states.
The minister said the conference would also support technology and skills transfer, with the Director-General of the National Information Technology Development Agency, Kashifu Inuwa, part of the delegation.
He said Nigeria will use the platform to explore partnerships in digital innovation, fintech and information technology capacity building as part of efforts to accelerate the country’s digital economy.
On diaspora engagement, Enikanolaiye said NIDEC 2026 was designed to connect investment-ready Nigerian projects with Nigerians in the diaspora and other high-net-worth investors.
He said the conference will also provide an opportunity for the government to strengthen its relationship with Nigerians abroad and address some of the challenges they face when seeking to invest in the country.
The minister noted that Nigeria received more than $20 billion in diaspora remittances last year, stressing the need to convert a significant portion of the funds into productive investments.
“NIDEC 2026 is designed to convert that goodwill into equity, into factories, and into businesses that employ Nigerians,” he said.
Enikanolaiye described the conference as a practical expression of Nigeria’s economic diplomacy and assured prospective investors that the country was ready for business.
“NIDEC 2026 is economic diplomacy in action. Nigeria is open for business. And we are going to Toronto to close deals,” he stated.
The four-day NIDEC 2026, themed “INVEST NIGERIA, THRIVE ABROAD”, will take place from August 12 to 15, 2026, in Toronto, Canada.
The conference is organised by the Nigerians in Diaspora Commission (NiDCOM) in collaboration with the Nigerian High Commission in Ottawa and the Canadian High Commission in Abuja.
The Ministry of Foreign Affairs said the conference would serve as a platform for connecting global capital with bankable investment opportunities in Nigeria.
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Soludo Govt Admits: ‘Peter Obi Did Well as Anambra Gov Amid Financial Records Dispute
Anambra State Government has acknowledged that former Governor Peter Obi performed well during his tenure, while clarifying that its ongoing scrutiny of his administration’s financial records is not intended to discredit his achievements or political ambitions.
The state Commissioner for Information and Value Reorientation, Law Mefor, made the clarification while addressing the controversy surrounding Obi’s claim that he left no financial liabilities for subsequent administrations.
Mefor said the government’s position was focused on establishing the accuracy of the state’s financial records, particularly claims relating to funds allegedly left behind by the former governor.
He specifically questioned Obi’s assertion that his administration left N12.13 billion in an ecological fund account domiciled with First Bank at the Nnamdi Azikiwe University (UNIZIK), Awka branch.
According to the commissioner, the state government requested the relevant account statement from the bank but found no evidence supporting the claimed balance.
Mefor, however, stressed that the financial inquiry should not be interpreted as an attempt to diminish Obi’s record in office.
“The intention of the Anambra State government is not to indict Peter Obi. Peter Obi did well as governor.
“There is no rift between Governor Soludo and Peter Obi. They are both in politics, and they have their interests to defend,” he said.
The comments come amid renewed political exchanges between supporters of Obi, the former Anambra governor and Labour Party presidential candidate, and the administration of Governor Chukwuma Soludo.
While the two politicians have publicly differed over aspects of Anambra’s financial and developmental record, Mefor said the state government’s position was primarily aimed at clarifying the records rather than attacking Obi personally.
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2027: Otti Backs Tinubu, Says Role as Governor Makes Opposition Difficult
Abia State Governor Alex Otti has said he will support President Bola Ahmed Tinubu’s bid for re-election in 2027, despite remaining a member of the opposition Labour Party (LP).
Otti made the clarification during an interview with Arise Television on Friday, where he addressed questions about his relationship with the ruling All Progressives Congress (APC) and his position on Tinubu’s 2027 ambition.
The governor was asked whether his support for Tinubu amounted to a “comfortable arrangement” between him and the ruling party.
Otti agreed with the description, saying his position as a governor and member of the National Economic Council made it difficult for him to openly oppose the President’s re-election bid.
“It works the way you have said. It’s a statement of fact. I am not in a position to oppose his candidacy,” he said.
Otti explained that although he could disagree with some government policies, his membership of the National Economic Council meant he was also part of the broader governance structure through which federal policies and decisions were discussed.
He said openly opposing the President could create unnecessary tension within the system, adding that he preferred to raise disagreements during government meetings.
“And sometimes people don’t understand the opposition. When you say opposition, and you are part of a government, then what you are driving towards is implosion.
“So if I do have a problem with anything, I’ll sit down in one of our meetings and I’ll make my point. So I’m not going to oppose his candidacy,” Otti said.
The Abia governor further stressed that his role in the National Economic Council had placed him directly within the process of implementing and discussing policies of the Federal Government.
“I had also said that as a governor in this republic, that a lot of the things that are being, in fact, I’m part of all the things that have been done as a member of National Economic Council. So, we should distinguish that.
“When somebody now says, ‘Oh, you are supporting or you’re not,’ I have to support him,” he said.
However, Otti appeared to draw a distinction between supporting Tinubu’s re-election and abandoning the Labour Party.
When reminded of his earlier statement that he still had a presidential candidate in the Labour Party, the governor rejected the suggestion that he was referring to Tinubu.
“No, that’s not what I said,” he said.
Asked whether he was referring specifically to a Labour Party presidential candidate, Otti replied, “Yes.”
But when pressed again on whether he supported Tinubu’s 2027 bid, he responded: “What do you expect me to say? To say I’m not supporting him?”
Otti also said Tinubu had the constitutional right to seek another term in office, while noting that some of the President’s policies were consistent with positions he had previously held.
He specifically cited the removal of the petrol subsidy, which he described as unsustainable.
“Quite frankly, there are a lot of things that we have talked about now, that he has implemented, that resonate with me and my thinking.
“People don’t have to agree with me, but from where I sit, I know that for instance, the fuel subsidy was even unsustainable,” Otti said.
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Aregbesola Missing From Atiku’s 2027 Campaign Council Amid Reported ADC Rift
Former Osun governor’s absence raises questions as Atiku unveils campaign structure dominated by top political figures
Former Osun State Governor and National Secretary of the African Democratic Congress (ADC), Rauf Aregbesola, has been left out of the presidential campaign council unveiled by the party’s candidate, Atiku Abubakar, ahead of the 2027 general elections.
Also absent from the campaign structure is the party’s National Publicity Secretary, Bolaji Abdullahi.
The omissions have attracted attention because both officials occupy key positions in the ADC’s national leadership. The party’s official website currently lists Aregbesola as National Secretary and Abdullahi as National Publicity Secretary.
Atiku approved the composition of the campaign council on Thursday, with Kashim Ibrahim-Imam appointed chairman and former Kaduna State Governor Nasir el-Rufai named deputy chairman.
Senator Austin Akobundu was appointed Director-General and Campaign Manager, while veteran journalist and publisher Dele Momodu will oversee the Media and Communications Directorate. Former Kogi West Senator Dino Melaye was named Deputy Director-General of the Contact and Mobilisation Directorate.
Former Edo State Governor and ex-national chairman of the All Progressives Congress (APC), John Oyegun, will chair the Campaign Advisory Board.
The policy team will be headed by Mohammed Hayatu-Deen, who contested the ADC presidential primary alongside Atiku, while former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, is also listed as a member.
According to Phrank Shaibu, Atiku’s Director of Strategic Communications, the campaign structure was designed around specific responsibilities, with six operational directorates and 30 directors assigned to defined roles.
“This is a structure built for work. Every directorate has a duty. Every director has an assignment. Every appointee must account for results,” Shaibu said.
Why Aregbesola’s absence is attracting attention
Aregbesola’s omission is particularly notable because of his position as one of the senior officers of the opposition party and his involvement in its political activities.
On the same day the campaign council was announced, Aregbesola appeared alongside Atiku and other ADC leaders in Akure, Ondo State, at the reception organised for Eyitayo Jegede, the former governorship candidate who joined the ADC.
However, Abdullahi has played down the significance of the omission.
Speaking to TheCable on Friday, he said the absence of some party leaders from the campaign structure should not be interpreted as evidence of disagreement within the party.
“There are so many party leaders whose names are not there. We play an important role in the party. So, it is not anything,” Abdullahi said.
He argued that the ADC’s national leadership still had to perform its statutory party functions and that removing key national officers from the party structure simply because of the campaign would be counterproductive.
Reported disagreement over campaign structure
Despite that explanation, reports indicate that the composition and structure of the campaign council had generated disagreement within the party.
According to reports, Kashim Ibrahim-Imam, who was appointed chairman of the campaign council, and Dino Melaye were involved in compiling the campaign structure before it was submitted to the ADC leadership for consideration.
Aregbesola was reportedly unhappy with aspects of the proposed organogram, particularly the arrangement under which some party executives would be required to report to individuals serving in the campaign structure who are not members of the party’s formal leadership.
He was also reportedly said to have questioned aspects of the composition of the council.
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