Connect with us

Breaking

It’s imperative to position NIPC to ensure Nigeria wins in the global market – Saratu Umar

Published

on

Saratu Umar - Executive Secretary, NIPC
Share

Saratu Umar, has assumed office for the second time as the Executive Secretary of the Nigeria Investment Promotion Commission (NIPC) after she was removed by former President Goodluck Jonathan.

Saratu was removed as the Executive Secretary of the NIPC on the allegation that she leaked information on the granting of questionable tax waivers estimated to be worth $20bn.

But last week she was reappointed by President Muhammadu Buhari to oversee the affairs of the investment commission.

Speaking on her resumption of duty on Thursday in Abuja, Saratu said it is imperative that the Commission is positioned to ensure the Nigeria wins in the global market.

She said: “With the goings on in the country and around the world, our work is indeed cut out for us. It is with a positive attitude, that we must collectively, forge ahead and be on the frontline as effective advocates of investments in Nigeria, with the objective of making our country a top destination for global private capital.

“Therefore, we must stay focused, be development-oriented, and implement strategies for the greater achievement of our mandate.

“Global Foreign Direct Investment (FDI) markets over the last decade have become more competitive, and the investment promotion thrust of countries that are attracting the largest global market share of FDI inflows are driven by effective, efficient, and performance-driven Investment Promotion Agencies (IPAs).

“With over 170 IPAs worldwide competing to channel FDI to their different countries, it is imperative that the NIPC is positioned to ensure Nigeria wins in this global market. This is especially important with the onset of the Africa Continental Free Trade Agreement which is now in force.

The NIPC boss reiterated that the commission will be a strong public institution, with a private sector orientation that delivers effective and efficient services that exceed the expectations of all stakeholders in the investment ecosystem.

“We will take to a logical conclusion the National Investment Promotion Masterplan which is aimed at having clear actions that key into Federal Government’s various sectoral masterplans and policies.

“We will orchestrate and execute targeted investment drives along country-specific, investor-specific, sector-specific, industry-specific, regionalspecific, and investment-type specific strategies to facilitate FDI (and LDI – Local Direct Investment)that fit into Nigeria’s development and investment needs, in an inclusive, coordinated, tangible, measurable and effective manner.

“We will logically conclude the National Investment Promotion Coordination Framework, to provide a clear strategy for a seamless collaboration and coordination of the Investment eco-system, as well as usher in a robust and effective stakeholder communication and engagement.

“This will result in effective partnerships between NIPC and critical stakeholders including the international community and development partners. We will listen to, and work with, our stakeholders,” Saratu reiterated.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Breaking

Ibom Air Passenger Who Slapped Crew Lands in Kirikiri!

Published

on

Ibom Air
Share

In a dramatic twist to an in–flight scandal, Comfort Emmanson — the passenger accused of assaulting airline staff during an Uyo–Lagos Ibom Air flight — has traded her trip for prison bars.

The incident, which shocked fellow passengers, has now culminated in her being charged to court and remanded at the notorious Kirikiri Correctional Centre in Lagos.

Tunde Moshood, Special Adviser on Media and Communications to Aviation Minister Festus Keyamo, SAN, broke the news on Monday via his official X handle.

“The more reason the flying public should be more careful… the unruly passenger on the Uyo–Lagos bound Ibom Air, Miss Comfort Emmanson, has been charged to court and she’s now cooling off in Kirikiri,” Moshood revealed.

Witnesses say the altercation left crew members shaken, sparking renewed calls for stricter penalties for in-flight misconduct.

 

 

Continue Reading

Breaking

NASS Passes ₦54.99trn 2025 Budget

Published

on

National Assembly Complex Abuja.
National Assembly Complex Abuja.
Share

The National Assembly on Thursday passed the ₦54.99trn 2025 Appropriation Bill.

The bill was passed separately by the Senate and the House of Representatives.

A breakdown of the budget showed N3.645trn for statutory transfers, N14.317trn for debt servicing, N13.64trn for recurrent expenditure and N23.963trn capital expenditure (development fund), with fiscal deficit put at N13.08trn.

The Deficit-to-Gross domestic product (GDP) Ratio was put at 1.52%.

Last Week, President Bola Tinubu increased the 2025 fiscal year budget from an initial N49.7trn to N54.2trn, seeking approval from the Senate and the House of Representatives.

The Chairman of the House Committee on Appropriations, Abubakar Bichi, while presenting the bill for consideration, stated that the committee met with the Presidential Economic Planning team to further discuss revenue projections and expenditure for the 2025 Appropriation Bill.

According to him, the 2025 Appropriation Bill was presented late, compared to that of 2024.

He urged the executive to present subsequent budgets to the National Assembly not later than three months before the next financial year, to maintain the January to December budget cycle.

Continue Reading

Breaking

Court Sacks APC Governorship Candidate In Bayelsa

Published

on

Timipre Sylva
Timipre Sylva
Share

The Federal High Court, Abuja, has disqualified the All Progressives Congress (APC) Governorship candidate, Chief Timipre Sylva, from contesting the November 11 Guber election in Bayelsa state.

The suit number FHC/ABJ/CS/821/2023 was filed on June 13, 2023, by Deme Kolomo, a member of the APC.

Justice Donatus Okorowo ruled that Sylva, having been sworn in twice and ruled for five years as governor of the state, would breach the 1999 constitution as amended if allowed to contest again.

The judge also declared that Sylva was not qualified to run in the November poll because if he wins and is sworn in, he would spend more than eight years in office as governor

Citing the case of Marwa vs Nyako at the Supreme Court, Okorowo noted that the drafters of the country’s constitution stated that nobody should be voted for as governor more than two times and that the parties to the suit agreed that Sylva was voted into office two times.

He further stated that the Supreme Court ruled in the case of Marwa vs Nyako that nobody can expand the constitution or its scope, stressing that if Sylva was allowed to contest the next election, a person could compete as many times as he wanted.

Continue Reading