Nigeria, UK investors seal N153.4bn commercial deals

Nigerian and United Kingdom (UK) investors have sealed commercial deals worth more than N153.4 billion at the inaugural UK-Africa Investment Summit held yesterday in London.

Disclosing this in a statement made available to Vanguard, the British Deputy High Commission in Lagos, said that the summit, which was designed to create lasting new partnerships that deliver more investment, jobs and growth, benefitting people and businesses across Nigeria and the UK, featured announcements of commercial, trade and investment deals.

Specifically, the N153.4 billion deals were announced by Savannah (for gas asset); Low Energy Designs (for street lighting); Trilliant (for smart metering for Abuja DisCo); and Tex ATC (for airport control room towers).

On trade and investment support, the Department for International Development (DFID) launched three major programmes that will benefit African countries, including Nigeria.

These are: N13.1 billion Investment Promotion Programme for Nigeria and South Africa to stimulate Foreign Direct Investment (FDI) and facilitate technology and knowledge transfer; N17.5 billion Growth Gateway programme, offering trade and investment business support services across Africa; and N9.5 billion Trade Connect programme to increase exports from Africa to the rest of the world through the provision of direct support and advice.

Commenting, British High Commissioner Catriona Laing, who attended the Summit, said: “Nigeria has already secured billions of naira worth of deals from the summit. With the launch of an exciting range of initiatives to help investors identify opportunities in Nigeria, I am confident much more will follow.”

Also speaking, Head of Department for International Development (DFID) in Nigeria, Chris Pycroft, said: “The private sector has a critical role to play in supporting Nigeria’s economic growth and in creating the jobs that Nigeria’s young and growing population need. The UK-Africa Investment Summit was an excellent opportunity for Nigeria to show off the wealth of opportunities it offers businesses, from agriculture to mining to tech.”

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State. Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic. Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation. Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...

Valentine Ozigbo Resigns from Labour Party

In a shocking move, against all speculations over the last few days, Valentine Ozigbo, a close ally of Peter Obi, has announced his resignation from the Labour Party (LP). Ozigbo confirmed his decision to Diaspora Digital Media on Wednesday, February 19, 2025, but declined to provide further details, opting instead to share his reasons during an interactive session on X (Twitter) Space. The session, scheduled for 8 PM, will feature Ozigbo in conversation with Anambra's First Son, @uchepokoye, discussing pressing issues affecting Anambra State, including security challenges, societal fabric collapse, and the hope for a better future. Ozigbo's resignation has sparked interest, with many awaiting his detailed explanation for leaving the Labour Party. His decision comes at a critical time for the party, which has been navigating various challenges in recent months. Credit: Diaspora Digital Media

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