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Nigeria Partners with Bloomberg to Revamp Global Image and Boost Investments
The Nigerian government is making strategic moves to improve the country’s global reputation and attract more foreign investment by partnering with Bloomberg.
This initiative, which is set to last for two years, will be led by the Ministry of Finance Incorporated (MOFI).
The Federal Ministry of Finance shared the news on Thursday through a statement on its official X account.
This effort aims to address long-standing perceptions of Nigeria that have deterred potential investors.
With Bloomberg’s involvement, the government hopes to reshape the country’s narrative on the international stage and highlight its economic opportunities.
Bloomberg, a globally respected media organization, has pledged to utilize its extensive media network to showcase Nigeria’s strengths and potential.
Nicole Keefe, Bloomberg’s Global Director, met with the Minister of Finance, Wale Edun, and underscored the company’s dedication to this mission.
Keefe explained that the collaboration will focus on promoting Nigeria’s progress and achievements, counteracting outdated or negative stereotypes.
By presenting accurate, up-to-date information, the partnership intends to build investor confidence and reveal opportunities that many may have overlooked due to misinformed narratives.
Minister of Finance Wale Edun emphasized that this collaboration is part of the government’s broader strategy to create a more investor-friendly environment.
With ongoing economic reforms, infrastructure development, and policies geared toward transparency, Nigeria is positioning itself as a reliable and promising destination for global investments.
Omoyele Sowore has criticized northern leaders for shutting down schools to allow children to participate in Ramadan fasting. The decision, implemented in Bauchi, Katsina, Kebbi, and Kano States, has caused criticism from many Nigerians.
Sowore, a well-known Nigerian activist, accused the leaders of hypocrisy, claiming that their children are not affected by the policy since they attend expensive private schools in Abuja or study abroad.
In a statement on his Facebook page, Sowore condemned the move, saying, “Those who decided to shut down schools for Ramadan fasting don’t have their children in these struggling public schools.
Their kids attend top private schools or study overseas, funded by resources meant to support underprivileged students in these poorly maintained schools, which remain open during Ramadan. These leaders are irresponsible and unfair.”
President Donald Trump has announced plans to purchase a new Tesla vehicle to demonstrate his support for Elon Musk amid recent boycotts and a significant drop in Tesla’s stock value.
On his Truth Social platform, Trump praised Musk’s contributions to the nation and criticized efforts to harm the entrepreneur and his company. He stated, “I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American.”
In response, Musk expressed gratitude to the president on his social media platform, X. Musk currently leads the Department of Government Efficiency (DOGE) under the Trump administration, focusing on reducing federal spending and workforce.
This initiative has caused protests and boycotts targeting Tesla, with incidents of vandalism reported at dealerships and charging stations.
Tesla’s market value has declined sharply, with shares dropping over 15% recently, influenced by Musk’s political involvement and its impact on consumer sentiment. Despite these challenges, Trump continues to voice strong support for Musk’s efforts to “Make America Great Again.”
Former U.S. President Donald Trump has predicted that the country will become extremely wealthy through tariffs.
Trump stated that the U.S. is set to gain hundreds of billions of dollars from tariffs soon. He believes the move will encourage companies and factories to return to the U.S., creating more jobs.
Speaking with FOX Business’ Maria Bartiromo on Air Force One on Sunday evening, Trump responded to concerns about a possible recession. He admitted there’s always hesitation but remained confident about the benefits of the tariffs.
“All I know is we’re going to make hundreds of billions of dollars from tariffs, and we’ll become so rich you won’t even know where to spend it all,” Trump said. “Just watch — there will be more jobs and open factories. It’s going to be great.”
Trump has recently placed tariffs on key trade partners, including Canada, Mexico, and China, as part of his economic strategy.
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