News
Tinubu’s Administration Secures $30 Billion in Foreign Investments
President Bola Tinubu has shared that his administration, in less than two years, has attracted a significant $30 billion in foreign direct investment (FDI) commitments to Nigeria.
Tinubu’s message was conveyed by the National Security Adviser, Nuhu Ribadu, who represented him at the 2024 Comptroller General of Customs (CGC) conference held in Abuja.
Ribadu listed Tinubu’s strategy to transform Nigeria into an attractive investment hub by focusing on policies that promote economic stability and transparency.
“Since taking office, we have worked relentlessly to create an environment where investors feel confident about Nigeria’s future,” Ribadu said on behalf of Tinubu.
“The result is that we have already secured over $30 billion in investment commitments.” This, he pointed out, underscores the administration’s vision to lay a solid economic foundation despite numerous challenges.
The president’s ambitious economic reforms, including the removal of fuel subsidies and the unification of Nigeria’s exchange rate system, have been focal points of his administration.
These measures, Tinubu noted, are intended to foster an environment that is both sustainable and fair, encouraging businesses to thrive in a transparent framework.
Though the reforms have required adjustments and sacrifices from Nigerian citizens, Tinubu argued that they are vital for the country’s long-term development and resilience.
In addition, Ribadu cited Nigeria’s improved stability and the administration’s success in raising crude oil production to 1.8 million barrels per day, a feat that reflects Tinubu’s resolve to reposition Nigeria as a leader in global oil production.
This output, boosted by strengthened security in oil-producing regions and collaborative efforts with local communities, is one of the steps aimed at maximizing Nigeria’s natural resources for economic growth.
Damilola Mike-Bamiloye, the son of the renowned Christian filmmaker and evangelist Mike Bamiloye, recently took to Instagram to pay tribute to his late mentor and father figure, Korede Are, whom he affectionately referred to as “Daddy Korede.”
In an emotional post, Damilola remembered him as a dedicated servant of God who sacrificed comfort, recognition, and even his own needs to further the gospel.
He expressed deep admiration, saying Daddy Korede tirelessly ensured that the word of God reached the most remote corners of the world.
Damilola, himself a notable figure in Christian entertainment, known for his work with Mount Zion Faith Ministries, mentioned how Daddy Korede embodied selflessness.
He described him as someone with a “heart of pure gold,” a man who lived with unwavering faith and integrity until his very last moments.
According to him, Daddy Korede didn’t seek fame or praise; instead, he remained committed to his calling, consistently honoring God with his gifts, passion, and humility.
As Damilola mourns, he also rejoices in Daddy Korede’s “glorious finish”—a life he says was celebrated by God Himself. Daddy Korede may have departed, but his legacy lives on, continuing to influence countless lives within the Christian community.
Concerns have been raised by The Central Bank of Nigeria (CBN) and the Ministry of Finance, concerning the Investment and Securities Bill which was proposed. The bill aims to replace 2007 Act and to update capital market regulations.
The CBN representative, Dr Tukur at the National Assembly hearing, opposed to the granting of the Securities and Exchange Commission over the public companies.
The Finance Minster, Wale Edun also emphasize on the impact of the bill and the provision it will offer the SEC board members. However the SEC Director General defended the bill and stated it has a benefitting role in Nigeria’s capital market globally.
The Kebbi Sate Government suspends staff members from the Ministry of Lands and Housing who were involved in the illegal sales. Commissioner Muhammad Dangi-Juli speaks on operating a thorough investigation on the land fraud.
It was revealed that there are two suspects who are part of this fraud mishap, they were both arrested and will face the law. The other suspects are still being chased down, arrested suspects confessed and exposed their partners in the crime.
“Faithful Soldier of Christ” – Damilola Bamiloye Honors Late Korede Are
CBN and Finance Ministry Share Concerns Over Investment and Securities Proposed Bill
Kebbi Government Suspends Staff Members On Land Fraud Investigation
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