Trade Minister Speaks On The Gains Of Saudi_Nigeria Business Roundtable In Riyadh

Nigeria's Minister for Trade Industry and Investment Dr Doris Uzoka has outlined numerous areas the Government of Saudi Arabia pledged to invest in revamping the country's refineries and reforming the Central Bank of Nigeria.

She stated this in Riyadh Saudi Arabia at the end of the two day bilateral meeting chaired by President Bola Ahmed Tinubu and Saudi Crown Prince Mohammed Bin Salman.

The statement read, “The Crown Prince hinted that the refinery investments in Nigeria will be led by the Saudi state-owned oil company, Saudi Aramco, with the revamp to be completed within a two- to three-year timeframe.

“The Crown Prince also expressed appreciation to Nigeria for its active participation in and support for OPEC.

“To support the Central Bank’s ongoing reforms of Nigeria’s foreign exchange regime, the Saudi Government will make available a substantial deposit of foreign exchange to boost Nigeria’s forex liquidity.

“Prince bin Salman commended the economic reforms being implemented by President Tinubu and expressed the commitment of the Saudi Government to supporting these reforms and enabling Nigeria to reap the full benefits.

“According to the Investment Minister, Saudi Arabia is very eager to see Nigeria thrive under President Bola Tinubu and realise its full potential as the economic giant of Africa.”

Meanwhile, Uzoka Anite thanked the Saudi leader for the proposed investments and pledged that Nigeria would ensure judicious management and oversight, adding, “We will work together over the next six months to develop a comprehensive road map and blueprint to deliver on the agreed investments and outcomes.

The statement further read, “Also, Crown Prince Bin Salman spoke on the need to strengthen security cooperation to mitigate terrorism, illegal migration, and other crises, not just in Nigeria but across West Africa and the Sahel region.

“In addition to these, Prince bin Salman also highlighted Agriculture and Renewable Energy as areas of investment interest for Saudi Arabia in Nigeria to help the country attain food and energy security, respectively.

Her Saudi Arabia counterparts:H.E Dr.Majid Alkassabi_Minister of Commerce, Chairman of Board of Directors of General Authority of Foreign Trade,H.E Khalid Al Falih_Minister of Investment,Mr. Bandar Bin Ibrahim Alkhorayeh Minister of Industry and Mineral Resources were present during the press conference by Dr.Doris Uzoka.

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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