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Nigeria’s Finance Minister seeks investment with Canadian industrialists
By Francesca Hangeior
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, yesterday, urged Canadian industrialists to invest in the Nigerian economy.
Addressing a delegation of top private sector executives in Abuja, he said the investment climate was very friendly and told them to take advantage of the abundant opportunities in the country.
A statement by Mohammed Manga, Director of Press of Finance Ministry, quoted, Mr. Edun as saying, “This meeting demonstrates our commitment to fostering economic cooperation between Nigeria and Canada.”
He also quoted the Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu, who also participated in the.meeting as saying, “We are dedicated to creating a conducive environment for investors and promoting economic growth”.
The meeting was organised by the African Capital Alliance led by its Chairman, Mr. Okey Enelamah, former Minister of Industry, Trade and Investment.
It featured discussions on key reforms, investment opportunities, and initiatives aimed at boosting economic cooperation between the two countries.
The Ministers showcased Nigeria’s potential and commitment to creating a conducive business environment.
Mr. Enelamah said African Capital Alliance was pleased to facilitate the engagement, which aligns with its mission to promote private sector investment in Africa.
The Canadian delegation comprising top executives from leading companies expressed interest in exploring Nigeria’s investment landscape.
The delegation included: Victor Dodig, President of CIBC Group; Peter Gilgan, CEO of Mattamy Asset Management; Blake Hutcheson, President of OMERS; Tim Gitzel, President of Cameco; Stephan Crétier, President of Garda World Security Corp.; Goldy Hyder, President of Business Council of Canada; Isaac Olowolafe, Co-Founder of BKR Capital and James Christoff, the High Commissioner of Canada to Nigeria.
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Shettima becomes 1st VP to lead Nigeria’s delegation to UN Assembly in 25 yrs
President Bola Ahmed Tinubu has decided not to attend the 79th United Nations General Assembly (UNGA) session in New York this year.
The president has thus directed Vice President Kashim Shettima to lead Nigeria’s delegation.
President Tinubu, who returned to the country last Sunday after his trip to China and the United Kingdom, according to a statement yesterday by his spokesman, Bayo Onanuga, wants to focus on domestic issues and address some of the country’s challenges, especially after the recent devastating flooding.
“At UNGA 79, Vice President Shettima will deliver Nigeria’s national statement to the General Assembly, attend important sideline events, and hold bilateral meetings.”
“The high-level General Debate, with the theme ‘Leaving no one behind: Acting together for the advancement of peace, sustainable development and human dignity for present and future generations,’ will run from Tuesday, September 24, through Saturday, September 28, 2024,” the statement added.
Since return to democratic governance in 199, Shettima will be the first Vice President to Nigeria’s delegation to UNGA.
Only Goodluck Jonathan represented Nigeria as Acting president in September 2010 at the 65th UNGA, while late President Umaru Musa Yar’adua was away in Saudi Arabia due to his ill health.
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Plateau Assembly approves N5.8bn for LG election
The Plateau State House of Assembly, on Thursday, approved N5.8bn for the conduct of the local government election in the state slated for October 9, 2024.
The approval by the House followed a communication from Governor Caleb Mutfwang, which was read at plenary by the Assembly Speaker, Gabriel Dewan.
The Speaker stated that the request was necessary as there was no budgetary allocation for the LG elections in the 2024 budget.
A member of the State Assembly, who declined to be named because he was not authorised to speak for the Assembly, confirmed the development to The PUNCH in Jos on Thursday.
The lawmaker said, “Governor Mutfwang, at Tuesday’s plenary, sought the House’s approval for N5.7bn as the 2024 supplementary, which was increased after upward review by the legislators.”
He continued, “The House leader, Joseph Bukar, presented the bill during our plenary. While soliciting the support of members for speedy passage, he said PLASIEC was running out of time in preparation for the election.”
“In their individual contributions, Hon. Kalamu Dal suggested a downward review of the budget size, while Hon. Daniel Nanbol urged for a critical review and deliberations. Afterwards, members approved a revised sum of N5.8bn, as opposed to the N5.7bn requested.”
The increase, as explained by Bukar, was due to an increase in security allocation for the election, from N2.7m to N4.2m. “So, that is what happened, and that is where we are at the moment regarding the forthcoming LG election,” the lawmaker concluded.
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Enugu, Kwara tighten security ahead of LG polls
Security measures have been intensified in Enugu and Kwara states ahead of their Local Government elections scheduled for Saturday, September 21, 2024.
In Enugu State, the Police Command has pledged to ensure the safety of lives and properties during the elections.
However, the peace accord signing for the elections was marred by the absence of major parties like the Peoples Democratic Party, All Progressives Congress, and Labour Party.
Only representatives from the All Progressives Grand Alliance and Accord attended but chose not to sign the accord, citing the lack of participation from the leading parties.
Enugu State Commissioner of Police, Kanayo Uzuegbu, said all wards and flashpoints had been identified, and security personnel would be on high alert to prevent any disruptions.
The Chairman of the Enugu State Independent Electoral Commission, Prof. Chris Ngwu, said the commission was fully prepared for the elections with the support of the state government in procuring necessary materials.
In Kwara State, security agencies have been actively coordinating to ensure a smooth electoral process.
Over 3,000 personnel from the Nigeria Security and Civil Defence Corps have been deployed across the state.
The Kwara State Independent Electoral Commission has completed arrangements for a trouble-free election.
Kwara State Police Public Relations Officer, Toun Ejire-Adeyemi, reported that a strategic meeting with heads of various security agencies, including the Nigerian Army, Navy, Air Force, and others, had been held to ensure coordinated efforts for maintaining law and order.
The Commissioner of Police, Victor Olaiya, guaranteed maximum security for the election period.
The NSCDC Commandant, Dr. Umar Mohammed, announced the deployment of 3,000 personnel to various polling units and emphasised their role in preventing violence, ballot snatching, and other disruptions.
Meanwhile, the Chairman of the Benue State Independent Electoral Commission, Telumun Tombowua, announced on Thursday that eight political parties will participate in the upcoming LG elections in the state, scheduled for October 5, 2024.
Addressing journalists in Makurdi, Tombowua said the election would be conducted fairly and transparently.
He emphasised that the law establishing the BSIEC does not permit the use of Bimodal Voter Accreditation Machines for this election.
Regarding the APC, Tombowua confirmed that the National Working Committee of the party had requested the commission to work with the seven-man caretaker committee appointed to oversee party affairs in the state.
He noted that while 14 parties had initially shown interest, only eight completed the necessary processes and submitted their candidates.
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