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14 States Burn N21bn On Foreign Trips With Zero Foreign Investments

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In the past three years, a total of 14 state governments have allegedly expended at least N21.04bn on foreign trips, yet none of them has managed to attract foreign investments successfully.

The states includes; Bauchi, Bayelsa, Benue, Borno, Cross River, Ebonyi, Edo, Gombe, Imo, Jigawa, Nasarawa, Taraba, Yobe, and Zamfara

Despite the influx of $14.85bn from foreign investors into Nigeria between 2021 and the third quarter of 2023, these states have failed to secure a share in the foreign investment pie.

Between 2021 and 2023, a breakdown of expenses on foreign trips by several states reveals Bauchi spending N3.81bn, Bayelsa N1.99bn, Benue N1.33bn, Borno N1.73bn, Cross River N663.16m, Ebonyi N1.01bn, Edo N1.77bn, Gombe N32.09m, Imo N541.23m, Jigawa N1.10bn, Nasarawa N541.26m, Taraba N2.52bn, Yobe N1.24bn, and Zamfara N2.77bn.

Surprisingly, despite these expenditures, there is no tangible result or foreign investments to show for the funds, according to data extracted from state budget performance reports obtained from Open Nigerian States.

It’s worth noting that not all states provided complete budget performance reports, with some only covering two quarters in certain instances.

Kebbi is notably absent from the list of states receiving foreign direct investments during the reviewed period, and unfortunately, there is no available data on the amount spent by the state on foreign-related trips.

The overall absence of foreign investments in these states aligns with a broader decline in investments across the country, attributed to concerns related to insecurity and other prevailing issues during the same period.

The World Bank opined, “Net FDI inflows are negative, reflecting net withdrawals of equity by foreign investors. FDI and FPI flows into Nigeria do not compare favourably with similar economies of the world, reflecting difficulties with FX availability, security concerns, and other structural challenges in recent years.”

Several states mentioned in this report, including Zamfara, Jigawa, and Nasarawa, have been grappling with the scourge of banditry in recent years.

In Zamfara, for example, banditry has become pervasive, affecting almost 14 local government areas.

The situation has led to the abandonment of over 70% of farmlands in the state, with farmers fearing attacks by bandits.

Highlighting the impact on investments, in 2022, the Managing Director of Zamfara State Investment Cooperation, Dr. Anas Hamisu Lawal, pointed out that insecurity was a major factor hindering the attraction of investments into the state.

Lawal said, “The first question they always ask is the security situation in the state..They are willing to invest whenever the security situation improves.”

In 2022, David Olofu, the Benue State Commissioner for Finance, emphasized the significant impact of insecurity on states’ ability to attract investors.

He said “It is obvious that insecurity prevented many states from attracting investors in 2021. How many investors did the Federal Government attract?

“How will investors come even when citizens are not safe? How will investors come when citizens cannot themselves invest in their place?”

In the same year, Governor Godwin Obaseki of Edo State announced a strategic focus on sectors such as technology, agriculture, and entertainment to attract investors to the state.

Despite these efforts, the state has not recorded any foreign investments in the past three years, according to data from the National Bureau of Statistics (NBS).

In 2021, Lawrence Ewhrudjakpo, the Deputy Governor of Bayelsa State, disclosed that Governor Douye Diri was utilizing his foreign trips to attract investors, aiming to enhance the state’s economy.

He said, “We believe that we have procedures, and the governor deserves the attention he deserves to give to investors so that investors are brought to our state as no system that is not interacting with any other system can be very effective. What makes an economy a viable economy is the external investment into the economy.”

The mentioned states continue to face a dearth of foreign investments.

Discussing this situation, Professor Akpan Ekpo, a specialist in Economics and Public Policy at the University of Uyo, explained to The PUNCH, “They are not importing capital for two reasons. First, they don’t have potential investors who will do that. Secondly, there is insecurity in the country. Those things are not fertile ground for investments.”

An ECOWAS Common Investment Market consultant, Professor Jonathan Aremu, added, “It’s simple. It’s because they don’t have attractive factors.

“The factors that attract foreign investment are not available in those states. One thing about investment is that it is crisis shy.

“Investment doesn’t go to places where there are crises. Why? Because investors want stability and predictability in their investments, particularly, having returns on their investments.” he added

 

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Panic as Fire Razes 12 Shops in Kwara Shopping Complex

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Panic broke out in the Mandate Market area of Ilorin, Kwara State, after a fire engulfed parts of a shopping complex in the early hours of Saturday.

No fewer than 12 shops were affected in the inferno, which occurred opposite Alkad Filling Station at about 1:14am.

The shopping complex, which contains about 40 shops, was already engulfed in flames when firefighters arrived at the scene.

SEE MORE: Firefighters Avert Disaster as Fire Guts Laundry Shop in Kwara

The spokesperson for the Kwara State Fire Service, Hassan Adekunle, disclosed this in a statement on Saturday.

Adekunle said the fire service immediately deployed two fire appliances after receiving the distress call, while personnel of the Federal Fire Service later joined the operation.

According to him, the combined effort of the firefighters prevented the fire from spreading to other shops and nearby properties.

“Despite the prompt intervention of the firefighters, 12 shops were affected, largely due to the late notification of the incident,” Adekunle stated.

He said preliminary findings suggested that a power surge might have triggered the fire.

Adekunle explained that some people sleeping near the shopping complex reportedly heard a loud combustion sound shortly after electricity was restored.

“The exact cause of the incident remains subject to further investigation,” he added.

The Chief Fire Officer, Alabi Muhammed, commended the firefighters and the Federal Fire Service for their response and collaboration.

Muhammed urged business owners to ensure that electrical installations were carried out by qualified professionals and that electrical appliances and power sources were properly monitored.

He also stressed the need for residents and business owners to report fire outbreaks promptly.

“Early notification gives firefighters a better opportunity to contain incidents before they escalate and cause extensive damage,” Muhammed said.

The incident occurred just two days after another fire outbreak affected a residential building behind the Industrial Training Fund in the Asa-Dam area of Ilorin.

The Thursday fire affected three bedrooms in a building comprising three-bedroom flats and a room-and-parlour self-contained apartment.

The Fire Service said the blaze had spread significantly before firefighters arrived but was eventually contained, preventing it from reaching an adjoining block of apartments.

A power surge was also suspected in that incident, although the exact cause had not been conclusively established.

The Kwara State Fire Service consequently urged residents and business owners to regularly inspect and maintain their electrical installations and immediately alert emergency responders whenever a fire outbreak occurs.

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‘Sambisa Forest Is as Big as Belgium’ — Defence Minister Reveals Why Kidnap Victims Are Hard to Rescue

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The Minister of Defence, General Christopher Musa (retd.), has revealed that the vast size of the Sambisa Forest is one of the major factors making it difficult for security forces to quickly rescue Nigerians kidnapped by terrorists.

Musa disclosed this during an interview on Channels Television’s Politics Today, where he discussed the Federal Government’s efforts to tackle terrorism and kidnapping in the country.

According to the minister, security agencies have continued to rescue abducted Nigerians, but terrorists often escape into large forest areas before troops can locate them.

SEE ALSO: How Troops Forced Kidnappers to Abandon Abducted Army Lieutenant Colonel in Enugu

“Few ones now, efforts have been made. If you notice, on a daily basis now, we are really getting, rescuing a lot of them,” Musa said.

He explained that the enormous size and difficult terrain of the Sambisa Forest give terrorists an advantage after carrying out attacks.

“So this government is overwhelmed. Sambisa Forest is as big as Belgium, as a country. So when people talk about this, they make it look as if it is one small football field and we are refusing to do anything,” he said.

Musa said kidnappers can disappear into the bush before security agencies receive information about an abduction, making it difficult for troops to determine their exact location.

“These places are massive areas. The forest within Kwara comes in from Burkina Faso to Benin Republic into Nigeria and flows through all these things,” he said.

“So what they do is that once these abductions are done, before the information gets to anybody, these guys are already into the forest.”

The Defence Minister explained that troops sometimes have to cut off terrorists from their usual routes and sources of supplies before they can rescue their victims.

He cited a recent operation in Kwara State, where security forces rescued victims after restricting the movement of their abductors.

“And then the last one that was done in Kwara State, we had to quarantine where they were going, deny them oxygen, and that’s where we were able to get them,” Musa said.

He added that terrorists sometimes abandon their captives when security forces increase pressure on them, providing troops with an opportunity to rescue the victims.

Musa also disclosed that authorities were monitoring financial transactions linked to criminal activities, noting that ransom payments could provide useful information for tracking kidnappers.

He said the Central Bank of Nigeria was also involved in efforts to monitor suspicious funds connected to criminal activities.

The minister further advised state governors to exercise caution when distributing motorcycles as palliatives, warning that some of the vehicles could eventually fall into the hands of terrorists and improve their mobility.

Musa maintained that despite the challenges posed by Nigeria’s vast forests and difficult terrain, security forces were making progress in the fight against terrorism and kidnapping.

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Uber Exit: FAAN Reveals Shocking Complaints Against E-Hailing Drivers

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The Federal Airports Authority of Nigeria (FAAN) has revealed a series of complaints it received from passengers about their experiences with e-hailing and car-hire drivers at Nigerian airports.

FAAN Managing Director, Olubunmi Kuku, disclosed this on Friday while speaking with journalists at the airport amid controversies surrounding the reported exit of Uber from Nigeria.

Kuku said the complaints were particularly numerous during the December 2025 holiday period, when passengers reported having unpleasant experiences with some e-hailing and car-hire services.

SEE MORE: FAAN Clears Air on Bolt, Uber Suspension, Says Services Will Resume

“We received a lot of complaints, especially around the December holiday period, from passengers who used some of the e-hailing services, as well as car-hire services, and had very unpleasant experiences.”

According to the FAAN boss, the complaints reportedly included intimidation, excessive fares and cases where passengers were allegedly dropped off at unintended locations.

She further alleged that some e-hailing drivers were exploiting the airport transportation system by operating alongside car-hire operators and charging passengers higher fares.

“We also had situations where some Uber and Bolt drivers would get out of their cars under the guise of coming into the airport as e-hailing drivers, and then join the car-hire operators to charge higher fares.”

Her comments come weeks after FAAN temporarily stopped e-hailing drivers from conducting commercial passenger pick-ups at airports under its control, pending the finalisation and execution of licensing agreements.

The move generated criticism, with some observers alleging that the restriction was intended to create room for FAAN’s newly introduced Airport Car Hire and Ride Management System (ACHRAMS).

However, Kuku said FAAN’s decision to regulate airport car-hire services was aimed at protecting passengers and improving their overall experience at Nigerian airports.

She explained that the authority had introduced an application designed to provide passengers with visibility on registered car-hire companies and the identities of drivers taking them from the airport to their destinations.

Kuku also clarified that FAAN does not collect fares on behalf of drivers, noting that the rates displayed on the platform are only indicative.

She added that passengers remain free to choose between pre-booked car-hire services and e-hailing platforms, while FAAN’s responsibility is to ensure visibility, safety and accountability within the airport environment.

On Uber’s reported exit from Nigeria, Kuku said the decision was a business and regulatory matter for the company.

“I work for the Federal Airports Authority of Nigeria, and my first responsibility is to ensure that our passengers are safe, protected, and have a seamless passenger experience.

“Regarding Uber, I can’t speak to their exit from Nigeria. I’m sure they have their own economic and regulatory considerations as to why they chose to exit.”

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