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Tinubu Lures Indian Investors With Returns
President Bola Ahmed Tinubu has commended Indian investors for significant investment pledges amounting to nearly $14 billion U.S. dollars committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India, and assured them of high returns on investments.
This was contained in a statement released on Wednesday, by Special Adviser to the President, Media and Publicity, Ajuri Ngelale.
President Tinubu said, “we are ready to give you the best returns for investment possible, there’s nowhere else like our country. Nigeria offers the best returns for investment today, so invest now.”
Among the many new investments, Indorama Petrochemical Limited pledged a new investment of $8 billion U.S. dollars in the expansion of its fertilizer production and petrochemical facility in Eleme, Rivers State.
On its part, Jindal Steel and Power Limited, one of India’s largest private steel producers, committed to investing $3 billion in Nigeria, following discussions with President Tinubu on the sidelines of the G-20 Summit in New Delhi, India.
Founding President, SkipperSeil Limited, Jitender Sachdeva announced that, following President Tinubu’s personal intervention, he would be investing $1.6 billion U.S. dollars in the establishment of 20 100MW power generation plants across the states of Northern Nigeria, amounting to 2,000MW of new power within the next four years.
Additionally, the President has approved finalisation on a new $1 billion U.S. dollar agreement to bring the Defense Industries Corporation of Nigeria (DICON) to 40 percent self-sufficiency in local manufacturing and production of defense equipment in-country by 2027 through a comprehensive new partnership with the Managing Arm of the Miltary-Industrial Complex of the Indian Government.
Another Indian firm, Bharti Enterprises, which is a major first-generation corporation in India with interests in telecom, space communications, digital solutions, insurance, processed foods, real estate, and hospitality, expressed commitment to investing an additional $700 million in Nigeria, with work set to begin immediately.
Emphasising that under his pragmatic leadership, agreements must now manifest in industries and jobs on the ground in Nigeria, President Tinubu expressed gratitude to all Indian companies and individuals who responded positively to his administration’s efforts to improve Nigeria’s macroeconomic and investment climate.
“Do not procrastinate. Don’t be frightened about investments in Nigeria. Bring it on. Ask your questions and make your requests.
“The trade and investment opportunities are enormous. I have a team, and I am the captain of that team, and I assure you that we solve problems,” the President affirmed.
He informed prospective investors that in Nigeria, there is no free lunch or shortcuts, but that he has “good economic policy for the investors as well as able men and women in leadership and on the ground, who can drive the goal of broad prosperity through investment and infrastructure.
“I will captain and lead the course of investment, development, and prosperity for the largest democracy in Africa and for investors from the rest of the world,” the President added.
He made it clear that Nigeria was open for business with intelligent, innovative, capable, and highly committed individuals in government, who are ready to drive the largest economy in Africa to destiny.
The President also told the Summit that “he is proud” that the Nigerian stock market had broken records in its consistent bullishness since he assumed office.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who addressed the roundtable themed, “Building Partnerships with Renewed Hope for a Diversified and Prosperous Economy,” thanked Naveen Jindau, Chairman of Jindal Steel and Power Limited, for the new $3 billion investment in iron ore processing and steel development in Nigeria.
Commending the Tata Group and so many others who responded promptly to President Tinubu’s bold and decisive moves to correct the major systemic faults in the macro-economic and investment climate in Nigeria, the Finance Minister noted, “I also wish to thank Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, for his continued commitment to invest in the first phase at least $700 million dollars more in Nigeria,” Edun said.
Edun further used the opportunity to explain the underlying principles of President Tinubu’s eight-point strategy, emphasising that his agenda was geared towards the promotion of growth and job creation, poverty reduction, food security, improved access to capital, inclusivity, business and citizen security, and fair play on a foundation of rule of law and anti-corruption.
On behalf of investors, Chairman of Bharti Enterprises, Sunil Bharti Mittal told the President, “You have unified the FX market. You have freed up crucial capital to upgrade your public infrastructure.
“Now, you have just dropped your prepared remarks and have spoken from your heart.
“Our investors have heard from a leader who is doing everything possible to attract capital to Nigeria for the benefit of Nigerians and our companies.
“Mr. President, we will bring these investments to Nigeria, and with your inspiring leadership style, we can only do more and more.”
Also, at the event, Nigeria’s Minister of Communication, Innovation and Digital Economy, Dr. Bosun Tijani, and his counterpart from India’s Ministry of Electronics and Information Technology signed a Memorandum of Understanding (MoU) for Co-operation in the field of Sharing Successful Digital Solutions, to be implemented at total population scale for digital transformation.
The Minister also signed an MoU with Central Square Foundation for Co-operation in the field of Sharing Successful Ecosystems, which involve interventions relating to education technology, to be implemented at population scale for digital economic transformation.
Under the watch of Nigeria’s Industry, Trade and Investment Minister, Dr. Doris Uzoka-Anite, a third MoU on Infrastructure Development was signed between the Infrastructure Corporation of Nigeria Limited (InfraCorp) and Invest India, the National Investment Promotion and Facilitation Agency of India, which helps investors looking for investment opportunities and options in India.
Closing the interactive session, Director-General, Confederation of Indian Industries (CII), Chandrajit Banerjee, noted that the Presidential Roundtable serves as a robust foundation for Indian businesses looking to engage with Nigeria and would encompass cooperation across key areas, such as capacity building, skills development, agriculture, and the enhancement of digital and physical infrastructure, among others.
“Under the determined leadership of President Tinubu, the CII is prepared to dispatch a high-level delegation to Nigeria, and we are keen on establishing a second presence in Africa, with Nigeria as our target destination,” he concluded.
The Presidential roundtable, attended by President Tinubu, also had in attendance Governor Dapo Abiodun of Ogun State; Amb. Yusuf Tuggar, Minister of Foreign Affairs;
Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy; and Dr. Doris Uzoka-Anite, Minister of Industry, Trade, and Investment; along with industry leaders from both India and Nigeria.
Following the Roundtable, the President met individually with each of the top pledging investors to finalize on the next steps to ensure that no environmental encumbrance stands in the way of their success in Nigeria.
NEWS
Group Demands Fair Share of NNPC Jobs for Ogoni Oil Exploration
A call has gone to President Bola Tinubu, the Federal Government, the Ogoni Dialogue and Consultation (ODC) and the Nigerian National Petroleum Company Limited (NNPC Ltd) to ensure the inclusion of persons with disabilities in ongoing discussions on the future of Ogoniland.
While making the call, the Ogoni Association of Persons Living with Disabilities (OGAPWD) also demanded disability-inclusive employment opportunities and greater participation in development programmes linked to the proposed resumption of oil production in the area.
Speaking during a press briefing in Port Harcourt, OGAPWD President-General, Baridapdoo Ngo, said dialogue on Ogoniland’s future would be incomplete without the representation of persons with disabilities.
“We are not opposed to dialogue. We are not opposed to development. We oppose exclusion, discrimination and decisions that determine our future without our participation,” he said.
READ ALSO: NIPCO Gas Licences, NNPC Ltd Management Face Reps Probe
Ngo urged the ODC leadership to include nominated representatives of the association in its dialogue structures and relevant committees, stressing the need for accessible meeting venues and communication support.
He said persons with disabilities should participate meaningfully in discussions on environmental remediation, employment, security and community development rather than being invited merely for ceremonial purposes.
He pointed out that “Inclusion is not charity. Representation is not a favour. Accessibility is not a privilege. These are matters of rights, dignity and equal citizenship”.
On employment, OGAPWD expressed concern over reports that NNPC Ltd was offering 40 positions connected with Ogoni engagement under the Confidence Building Measures (CBM).
The association called on the national oil company to clarify the recruitment criteria and explain how qualified applicants with disabilities were being considered.
It demanded that at least five per cent of the 40 positions be allocated to qualified Ogoni applicants with disabilities, citing Section 29 of the Discrimination Against Persons with Disabilities (Prohibition) Act, 2018.
OGAPWD also requested a formal meeting with NNPC Ltd and asked the company to respond to its concerns within 15 days.
The association said it supported a responsible and lawful resumption of oil production, provided the process prioritised environmental protection, transparency, public health and the rights of affected communities.
It further urged the Federal Government to address the demand for Bori State through the appropriate constitutional process, describing the issue as central to its position on Ogoni self-determination.
OGAPWD appealed to traditional rulers, political leaders, youth organisations and community stakeholders to ensure that persons with disabilities benefited from employment, skills acquisition, business support and other development initiatives.
The association urged the Federal Government, ODC and NNPC Ltd to take concrete steps to ensure that persons with disabilities were represented in decisions affecting Ogoniland’s political, economic and environmental future.
“Our message is simple: no exclusion in dialogue, no discrimination in employment, no development without inclusion,” Ngo said.
NEWS
200 Imo Teachers Benefit from NCDMB’s Effective Curriculum Training
The Nigerian Content Development and Monitoring Board (NCDMB), has flagged off a five-day capacity building programme for 200 primary and secondary school teachers drawn from all local government areas of the state.
Themed “Empowering Teachers for Effective Curriculum Delivery through Digital Innovation, Modern Pedagogy and Professional Excellence,” the training is centred on four pillars, namely, “Digital Literacy, ICT Skills and Digital Teaching Tools” (Pillar 1); Interactive Lesson Preparation, Presentation, and Learner Engagement” (Pillar 2); “NERDC [National Educational Research and Development Council] Curriculum Alignment and Competency-based Lesson” (Pillar 3), and “Positive Classroom Management, Discipline and Learner Support” (Pillar 4).
In his opening remarks at the event, the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, represented by Assistant Manager, Institutional Relations and Entrepreneurship Development (IRED), in the Capacity Building Directorate (CBD) of the Board, Ms. Khadijah Jekhine, said the programme reflects NCDMB’s firm belief that sustainable Nigerian Content development begins with quality education and skilled human capital.
He described teachers as “the primary multipliers of knowledge,” adding, “When we invest in you – equipping you with digital tools, modern teaching methods, and professional excellence – we invest in thousands of young Nigerians who will become the engineers, technicians, innovators, and professionals our oil and gas industry and national economy urgently needed.”
The NCDMB boss explained that the goal of the Board is to strengthen the capacity of the teachers for effective curriculum delivery so that classroom learning becomes more practical, engaging, and aligned with the demands of the future of work. He enjoined the teachers to ensure that what they gained from the training cascades to their students, pupils and colleagues, thus raising the quality of education and building the foundation for greater indigenous participation in the oil and gas industry.
He expressed appreciation to the Imo State Government, the State Ministry of Primary and Secondary Education and all collaborating partners for the strong partnership that has made the programme possible.
The programme facilitator, Dr. Anayo Nzeribe, General Manager, R&M Networks Limited, said the intervention of the NCDMB in the educational system in the State was of inestimable value as it complements the Government’s efforts to improve access to quality education and provides essential facilities for learning and teaching.
He announced that the Board has made available digital tools and other teaching aids for distribution, that each of the 200 participants would receive a laptop and accessories, among other things. In addition, each of them would receive what he termed “a handsome stipend” at the end of the training programme on Saturday (17th October).
Dr. Nzeribe, on behalf of his company and the joyous teachers, expressed profound gratitude to the NCDMB for the initiative and assured that the tools donated would be put into adequate use to enhance teaching in the State.
READ ALSO: Showunmi Urges South-East to Judge Tinubu by Projects, Not Propaganda
The State Commissioner for Primary and Secondary Education, Professor Bernard-Thompson Ikegwuoha, represented by an official of the Ministry, Dr. (Mrs.) Benedicta Chinonye Okorie, was similarly appreciative of the contributions of the NCDMB to educational advancement in the State.
The Owerri capacity building initiative is following close on the heels of a Train-the-Trainer programme organised by the Board in Yenagoa, Bayelsa State, last month, for 88 teachers of vocational and technical schools. That programme centred on industry-relevant technical skills, digital technologies, and competency-based teaching methodologies.
On the NCDMB team at the Owerri event were the Zonal Coordinator for Imo and Abia States, Dr. Emma Ohaere, and other staff of the Owerri Liaison Office, as well as Ms. Salamatu Ibrahim, Assistant Manager, Corporate Communications Division (CCD), among others.
NEWS
EndSARS Memorial: ‘Nigerians Still Deserve Answers’ – Atiku
Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has said Nigerians still deserve answers six years after the October 20, 2020, EndSARS shooting at the Lekki Toll Gate in Lagos.
Atiku made this known in a statement on Tuesday marking the sixth anniversary of the incident, in which he called for accountability over the shooting and criticised the Federal Government’s handling of the unresolved questions surrounding the tragedy.
He questioned who gave the order for the operation against protesters, insisting that the country could not continue to commemorate the victims without addressing the circumstances surrounding the incident.
RELATED NEWS: EndSARS Memorial: ‘We Must Never Normalise Injustice’ – Peter Obi
Atiku also recalled President Bola Tinubu’s remarks in October 2020, when he questioned the circumstances surrounding the casualties recorded during the shooting.
Tinubu had asked: “How were they there? How long were they there? What kind of characters are they?”
According to Atiku, the remarks appeared to focus on questioning the victims rather than demanding answers from those responsible for the violence against peaceful protesters.
He said the anger surrounding the anniversary reflected the unresolved grief of affected families and the distrust of young Nigerians who had demanded accountability and a better future.
“The APC has governed Nigeria through these six years. It cannot keep asking Nigerians to remember the dead while refusing to confront the unanswered questions,” Atiku said.
The ADC presidential candidate also linked the unresolved questions surrounding the Lekki shooting to the economic hardship confronting Nigerians, particularly young people struggling with rising living costs.
Citing petrol prices of ₦1,405 per litre, Atiku said transportation costs were making it increasingly difficult for Nigerians to afford basic necessities, including food, rent, education and commuting to work.
He illustrated the situation with the account of a young woman who reportedly resigned from her job because her salary could no longer cover her transportation expenses.
According to Atiku, one of his aides shared the woman’s experience earlier on Tuesday.
The woman reportedly said: “The pay no longer covers transport. Everything in Nigeria just dey increase in price. Feels like I’m working for Bolt guys.”
Atiku described the experience as an example of the difficulties faced by employed Nigerians whose earnings could no longer adequately cover the cost of getting to work.
He argued that the economic situation was affecting not only unemployed Nigerians but also workers struggling to survive on salaries weakened by rising costs.
The former vice president also highlighted his Economic Recovery Plan, which he said was designed to make Nigeria more affordable.
The proposed measures include providing support tied to fuel refined in Nigeria, passing savings on to consumers, increasing local production to create jobs, protecting minimum-wage earners, supporting students and cutting government waste rather than imposing additional taxes.
Atiku maintained that young Nigerians deserved answers about the Lekki shooting, a government that protects human life and an economy in which employment could provide a path to a better standard of living.
He added that Nigerians were entitled to question the APC’s record on accountability and economic opportunities six years after the incident.
The EndSARS protests began in October 2020, with young Nigerians demanding an end to police brutality and reforms to policing in the country. The shooting at the Lekki Toll Gate on October 20 became one of the most prominent events associated with the protests.





