News
Diversification of Nigeria’s economy urgent, says Buhari
President Muhammadu Buhari yesterday in Guangzhou, China said his administration would take urgent steps to restructure Nigeria’s economy by encouraging new investments in mining, agriculture and manufacturing.
The President, who stated this at a reception in his honour by the Communist Party of China, said Nigeria would welcome the support of the Chinese government, foreign investors and local businesses for efforts to diversify the country’s economy.
A statement issued in Abuja by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, quoted the President as saying that the diversification of the Nigerian economy was long overdue, as continued reliance on crude oil exports had always made the economy vulnerable to shocks.
“This time we will be more deliberate. The government and businesses will be involved,” Buhari said.In his remarks, the Secretary of the Communist Party, who is also the Governor of the Guangdong Province, Mr. Hu Chinhua, pledged that the region would support the implementation of all the bilateral agreements reached with the Chinese government during Buhari’s visit.
The statement added that Buhari also visited the Sino-Singapore Knowledge City in Guangzhou, “which showcases advancements by China in medical, science and technological inventions.”
The News Agency of Nigeria (NAN) reported Shehu as saying the President has expressed satisfaction with the outcome of his working visit to China, which he said yielded additional investments to Nigeria exceeding $6billion.
Buhari said the several agreements concluded with the Chinese would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.
“In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 million for the construction of 300 megawatts solar power in Shiriro, Niger State.”
“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at 55 million dollars for the construction and equipping of granite mining plant in Nigeria.”
According to the statement, a total of $1billion is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.
It further said that both companies also sealed a $250 million deal to develop an ultra modern 27-storey high-rise complex and a $2.5 billion agreement for the development of the Lagos Metro Rail Transit Red Line project.
Other agreements announced and signed during the visit, according to the statement, include a $1billion facility for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.
The statement said that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at 200million dollars for the construction of two 500MT/day float gas facilities.
It further stated that an agreement, valued at $363 million for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.
In addition, agreements undergoing negotiations include a $500 million project for the provision of television broadcast equipment and a $25 million facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.
According to the statement, about 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after Buhari began his v isit to China.
News
Kidnapping: Senator tasks NASS on new robust strategies


Sen. Ned Nwoko (PDP-Delta) has urged the National Assembly to recommend robust strategies to prevent kidnappings in the country.
Nwoko representing Delta North, made the call in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday.
He said the joint committees of the National Assembly on security agencies should interface with relevant stakeholders and come up with novel measures to tackle the menace.
According to him, kidnapping has increasingly made life difficult for citizens and is affecting the economy, including food security.
Nwoko said this would have far reaching effects on the country’s prosperity.
The senator particularly said that the kidnappers had gradually made life difficult for residents of the FCT, particularly in Kuje Area Council.
Nwoko said in spite of the efforts being made by security agencies, a lot needs to be done in tracking and apprehending the kidnappers.
He also called for enforcement of the 2023 law that criminalised payment of ransom to kidnappers.
The lawmaker, whose legislative aide and 18 others were recently abducted in the Galadimawa area of Abuja, said it was important to take appropriate measures to end the menace.
He, therefore, called for a joint operation involving the Army, Air Force, Police, and Department of State Services (DSS) to intensify the search efforts for the captives.
Nwoko also urged the Inspector-General of Police (IGP) to seek funding for installation of CCTV cameras in strategic locations within and around Abuja, and along the highways, and major capital cities to bolster surveillance and deter criminal activities.
“The IGP should also urgently increase security patrols and surveillance within Abuja and across the nation to proactively combat and prevent further kidnappings.
“In view of this, I recently moved a motion on urgent action needed to fortify security, and tackle the surge of kidnapping in the FCT,” he added.
News
Military neutralises terrorist kingpin, others in Niger air strikes – NAF


The Air Component of Operation Whirl Punch, has eliminated a dreaded terrorist and kidnap kingpin, Yellow Jambros, and scores of other terrorists in airstrikes in Shiroro Local Government Area (LGA) of Niger.
The Nigerian Air Force (NAF) made this known in a statement by the Director, Public Relations and Information, Air Commodore Edward Gabkwet, on Sunday in Abuja.
Gabkwet said the terrorists met their end while attempting to cross the Jikudna River in Galadima Kogo District, heading towards Wurukuvhi axis of Chikun LGA.
He said that Yellow Jambros and his cohorts were trailed from Zamfara into Niger riding 13 motorcycles along the Kaduna-Niger State border, precisely heading towards Kusasu in Shiroro, prior to the strike.
“At Kusasu, five other motorcycle-riding terrorists joined Yellow Jambros’ convoy, bringing the total number of motorcycles to 18, which then headed to the bank of River Jikudna.
“At the river bank, the terrorists and their 18 motorcycles boarded a large motor-powered canoe in an attempt to cross and link up with other terrorists across the river.
“It was at this point that the authorisation to undertake a strike was given.
“The precision strike was adjudged effective as it neutralised Yellow Jambros and his colleagues, destroyed their motorcycles and sank the boat.
“Though it was unusual for terrorists riding in a convoy of 18 motorcycles to travel in broad daylight, it was apparent that Yellow Jambros and his cohorts had assumed that air strikes were suspended following the unfortunate incident at Tudun Biri in Kaduna State and wanted to exploit the perceived window of opportunity,” he said.
The NAF spokesman said that Yellow Jambros and his cohorts had been responsible for several kidnappings and killings along the Abuja-Kaduna Road and in several communities in Kaduna, Niger, Katsina and Zamfara States.
He said a kidnap kingpin, known as Mohammed Sani, who arrested by the Police in Zamfara in October 2020 for murdering over 50 of his victims due to their inability to mobilise ransom, had claimed that he worked for Yellow Jambros.
According to Gabkwet, the terrorist revealed that Yellow Jambros usually supplied him with fake military and police uniforms, guns and other weapons needed to execute his operation.
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ECOWAS meeting holding in Abuja


The 64th Ordinary Session of the Economic Community of West African States, ECOWAS, Heads of State and Government is holding in Abuja, Nigeria.
The session, to be chaired by President Bola Tinubu of Nigeria, is attended by Heads of State and Government in the 15-member block.
The News Agency of Nigeria (NAN) reports that countries like Ghana, Liberia, Sierra Leone are already at the venue at the Banquet Hall of the Presidential Villa, Abuja.
Other members attending are Benin, Gambia, Togo, Cape Verde and Senegal.
The ECOWAS Commission and other stakeholders like former President Goodluck Jonathan, the U.S. Lead diplomat for Africa, Molly Phee, the African Union (AU), and the UN Secretary General Special Representative for West Africa and the Sahel, Leonado Simao, are also attending the meeting
The end-of-year meeting is expected to review various decisions and agreements taken and initiated by the body including that of the adoption of the ECO as a common currency for the region.
The issue of the coup d’etat in Niger, Burkina Faso, Mali and Guinea would also be deliberated on by the regional body at this meeting.
Other issues are climate change, democracy, bilateral relations as well as the African Continental free Trade Agreement.
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