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Tinubu Lures Indian Investors With Returns

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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.

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Adeleke Clarifies Osun Debt Profile

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Osun State Governor, Senator Ademola Adeleke has denied taking foreign loans either secretly or openly since he took over the reign of governance in November 2022, describing any insinuation in that line as mere fake news.

The governor was responding to a recent publication of the state foreign debt stock by the Debt Management Office (DMO) which showed an increase by approximately $26.56 million between December 2024 and June 2026.

The DMO’s external debt stock report as at June 30, 2026, puts Osun State’s total external debt at $101.70 million, compared with $75.14 million recorded as at December 31, 2024. The difference represents an increase of approximately $26.56 million within 18 months.

A breakdown of the DMO figures shows that the state’s multilateral debt increased from approximately $67.60 million in December 2024 to $94.15 million in June 2026. Its bilateral debt also recorded a marginal increase, moving from approximately $7.54 million to $7.55 million within the same period.

Clarifying the details of the debt profile, the governor stated that the DMO had reflected the sum of $25.8 million dollars external loan taken by the previous administration for the Rural Access and Agricultural Marketing Project (RAAMP).

READ ALSO: Tinubu Hails Flamingos After Historic World Cup Final Qualification, Urges Team to Win Trophy

The loan repayment process had matured by December 2025, hence its inclusion by DMO in its report, the state governor explained.

The governor further submitted that there are four similar external loans by the previous administration which have matured for repayment and which may soon be reflected in the state external debt stock.

Gov Adeleke also noted that his administration has not taken any external loan as a strategy for sustainable financial management of the state resources, chiding those accusing the state government of secretly taking foreign loans as ignorant of the statutory procedures for applying for and accessing foreign loan.

“The above clarification is necessary to set the records straight. If at all, our administration is to take loans for any reason, it will be open to the public with utmost transparency and compliance with due process”, the governor was quoted as saying.

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Ogun Police Deny Awujale Palace Siege, Explain Chief Gbenden’s Invitation

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The Ogun State Police Command has dismissed reports alleging that the Awujale Palace in Ijebu-Ode was under siege by thugs and miscreants, describing the presence of security personnel at the palace as a preventive measure to maintain law and order.

The Command also clarified the circumstances surrounding the invitation and subsequent release of Chief Adebisi Adaran, popularly known as Gbenden, amid the ongoing controversy surrounding the vacant Awujale stool.

In a press release issued on Wednesday, November 11, 2026, the Police Public Relations Officer, DSP Oluseyi B. Babas e y i, said the deployment of police personnel to the palace was aimed at safeguarding lives and property and preventing any breakdown of public peace.

SEE ALSO: Ogun Police Win Public Safety Award as Ojajuni Emerges NUJ Golden Jubilee Ambassador

The Command disclosed that an Assistant Commissioner of Police (ACP) was deployed to supervise the security arrangement and ensure effective operational coordination.

Addressing reports surrounding Chief Adaran, the police said he was invited following a written petition containing allegations against him.

According to the statement, the traditional chief honoured the invitation, was questioned in connection with the allegations and subsequently released on self-recognisance.

The police, however, confirmed that investigations into the matter were still ongoing.

The Command stressed that the invitation should not be interpreted as an indication of guilt, describing it as part of a legitimate investigative process.

It stated that the police remained committed to professionalism, impartiality and respect for the rights of individuals in carrying out their statutory responsibilities.

The statement urged members of the public to remain calm, disregard misleading reports and avoid circulating unverified information capable of generating unnecessary tension.

The Command reiterated its commitment to protecting lives and property and maintaining public order across Ogun State.

The latest development comes amid an ongoing disagreement over the traditional administrative structure of Ijebuland following the death of the former Awujale, Oba Sikiru Kayode Adetona, in July 2025, after more than six decades on the throne.

The controversy centres on the administration of Ijebuland during the interregnum and disagreements between the Ogun State Government and sections of the traditional institution over the legitimacy of the interim administrative arrangement.

The state government had established the Awujale Interregnum Administrative Council (AIAC) to oversee the affairs of Ijebuland pending the emergence of a new monarch.

However, some traditional chiefs subsequently announced the formation of the Adele Oba Awujale-in-Council, an alternative arrangement they said was rooted in the customs and traditions of Ijebu-Ode.

Chief Adebisi Adaran, popularly known as Gbenden, was among the traditional chiefs associated with the Adele Oba Awujale-in-Council.

The development triggered a disagreement with the Ogun State Government, which maintained that the AIAC remained the legally recognised administrative body authorised to oversee the affairs of Ijebuland during the interregnum.

The government subsequently reconstituted the AIAC, rejecting the alternative arrangement.

The disagreement has also moved to the courts, with the Adele Oba Awujale-in-Council instituting a suit against the Ogun State Government and members of the reconstituted AIAC, challenging the legality of the interim administrative structure.

Tensions heightened on Tuesday, November 10, when reports emerged that Adaran had been arrested in Ijebu-Ode amid the dispute.

Some reports alleged that his arrest was connected to the ongoing disagreement over the administration of Ijebuland, although the circumstances surrounding the development had initially remained unclear.

 

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2027: Obi Promises to Tackle Insecurity, Revive Plateau Tourism

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Former Anambra State Governor and National Democratic Congress (NDC) presidential candidate, Peter Obi, has promised to tackle insecurity, facilitate the safe return of displaced residents and revive Plateau State’s tourism potential if elected president alongside Senator Rabiu Musa Kwankwaso.

Obi made the promises during a town hall meeting in Jos, the Plateau State capital, on Tuesday, November 10, 2026, as part of his ongoing nationwide engagement with Nigerians.

SEE MORE: JUST IN: Peter Obi, Kwankwaso Arrive in Calabar

In a statement shared on his X account, Obi said the meeting provided an opportunity to engage residents and understand their most pressing concerns, particularly the worsening security situation, youth unemployment, electoral integrity and access to financing for small businesses.

He said securing Nigeria and uniting its people would be the foundation for implementing the development plans he and Kwankwaso had proposed.

“In response, I stressed that fulfilling our plans for Nigeria would first require us to secure the nation and unite our people behind a shared purpose,” he stated.

Addressing the security challenges confronting Plateau State, Obi assured residents that his proposed administration would take decisive action against insecurity and ensure that people displaced by violence could safely return to their ancestral communities.

“In particular, I assured the people of Plateau State that we would confront insecurity decisively and enable citizens displaced by violence who are currently residing in IDP camps to return safely to their communities,” he said.

The former governor also addressed concerns about the welfare of vulnerable groups, particularly persons living with disabilities, following a question raised by a participant at the town hall meeting.

He reaffirmed his commitment to ensuring their inclusion, care and wellbeing, stressing that the treatment of vulnerable citizens reflects a nation’s compassion.

“To our brothers and sisters living with disabilities, I reaffirmed our commitment to their care, inclusion, and wellbeing. A nation’s true measure of compassion is found in the way it treats its most vulnerable citizens,” Obi stated.

He further reiterated his commitment to substantial investments in critical sectors, particularly healthcare and education, as part of efforts to reduce poverty and improve the living conditions of Nigerians.

Obi’s Plateau engagement also included a courtesy visit to the Gbong Gwom Jos, His Royal Majesty, Da (Dr.) Jacob Gyang Buba, CFR.

During the visit, Obi said he briefed the traditional ruler on the town hall meeting and its objective of engaging residents on the challenges affecting their communities.

He said the monarch received the delegation warmly, offered prayers and valuable counsel, and expressed hope for a successful programme.

According to Obi, the traditional ruler reaffirmed that traditional institutions serve as fathers to everyone and called for peace, mutual respect and harmonious coexistence as the next elections approach.

After the palace visit, Obi proceeded to Rhythm 93.7 FM Jos, where he participated in an interview programme.

During the interview, he discussed the challenges confronting Nigeria and the plans he and Kwankwaso had developed to address the country’s problems if elected into office.

The former governor also visited the section of Terminus Market that was destroyed by fire several months ago.

At the market, he interacted with traders, business owners, sellers and buyers to understand how they were coping with the losses and rebuilding their businesses amid prevailing economic challenges.

Obi assured the traders that his proposed administration would work towards easing the economic hardship confronting Nigerians, which he attributed to the policies of the current administration.

The town hall meeting also featured discussions on youth unemployment, access to business financing and the protection of electoral integrity, with participants raising concerns about the issues affecting their livelihoods and the future of the state.

On Plateau State’s tourism potential, Obi recalled a period when Jos and other parts of the state ranked among Nigeria’s leading tourist destinations, attracting visitors from across the country and beyond.

He expressed his determination to restore the state’s tourism appeal and return it to its former prominence.

“In conclusion, I recalled the time when Jos and Plateau State more broadly ranked among the foremost tourism destinations for Nigerians and visitors from around the world. I reaffirmed our determination to revive the state’s tourism potential and restore it to its rightful place of prominence,” he said.

Obi also appreciated the Gbong Gwom Jos for his hospitality, prayers and counsel, while commending party supporters in Plateau State for organising the programme.

He equally thanked residents for their participation, warmth and hospitality throughout the engagement.

Concluding his message, Obi expressed optimism about Nigeria’s future, declaring: “A New Nigeria is POssible, and Nigeria will be OK!”

 

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