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Your Investments Are Safe In Nigeria, Tinubu Assures Saudi Investors

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Asiwaju Bola Tinubu
President Bola Ahmed Tinubu
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President Bola Tinubu on Friday assured potential investors that their investments are safe in Nigeria.

Speaking at the Saudi-Africa Summit in Riyadh, Saudi Arabia, President Tinubu said Nigeria is ready for business while assuring investors of some of the world’s highest returns on investment.

“I also wish to assure all potential Saudi investors of the safety of their investments based on the sanctity of the rule of law and good returns on their investments in the largest economy in Africa,” the President was quoted in a statement by his media aide, Ajuri Ngelale.

“In this regard, the benefit attached to the early inauguration of the Nigeria-Saudi Business Council can not be over-emphasized. Nigeria, like the Kingdom, is diversifying its economy away from oil dependence to promote sustainable development.

“My administration has undertaken bold economic reforms by removing wasteful subsidies on petroleum and the merging of our foreign exchange market, among other incentives aimed at improving the ease of doing business in Nigeria.”

Tinubu stated that Nigeria is desirous of enhancing collaboration with Saudi Arabia on combating terrorist organisations such as Boko Haram, ISWAP, and other violent extremist groups which have been terrorising the Lake Chad and Sahel regions.

He said, “Nigeria and Saudi Arabia have always enjoyed a special relationship at both the bilateral and multilateral levels. Within the past six decades, our bilateral cooperation, which was initially hajj-centric, has witnessed diversification to cover a number of areas of common interest.

“It is delightful to note the presence in this great Kingdom of a large number of our compatriots and professionals, including highly skilled medical practitioners and professional football players.

“As members of several international organizations including the UN, the Organization of Petroleum Exporting Countries, the International Energy Forum, the G77, the Islamic Development Bank, and the Digital Cooperation Organization among others, our two nations have effectively used these and other platforms to enhance close interaction and coordination.”

The President expressed confidence that the countries’ joint positive disposition within those platforms would continue to be demonstrated “as we seek to advance our mutual interests”.

Further, he thanked the Middle-East nation for the various humanitarian interventions in Nigeria through the King Salman Humanitarian Aid and Relief Centre.

Speaking on climate change and how it affects Africa, President Tinubu said climate change had led to an expedited rate of desertification and incessant flooding in Nigeria and many other countries of Africa.

He commended the efforts of the Kingdom for its various initiatives to fight the effects of climate change, adding that Nigeria is also working on a number of initiatives to fight the effects of climate change and energy poverty.

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International

Finnish Court Jails Simon Ekpa Six Years for Terrorism

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Simon Ekpa
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A Finnish court on Monday sentenced Nigerian-born Finnish politician Simon Ekpa to six years in prison for terrorism-related offences.

The Päijät-Häme District Court found the 40-year-old former Lahti municipal councillor guilty of participating in a terrorist organisation, incitement to commit crimes for terrorist purposes, aggravated tax fraud, and violations of the Lawyers Act.

Prosecutors said that between 2021 and 2024, Ekpa promoted the independence of the so-called Biafra region in Nigeria through illegal means, using social media to influence followers and support armed groups the court classified as terrorist organisations.

The court ruled that Ekpa provided weapons and explosives through his contacts and urged his supporters on X, formerly Twitter, to commit crimes in Nigeria. He denied all charges.

Ekpa was arrested in December 2024 and tried over 12 sessions earlier this year. A three-judge panel delivered the unanimous verdict, ordering him to remain in custody.

 

 

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In Brazil, Tinubu Calls for Innovation-Driven Transformation in Nigeria

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President Bola Tinubu
President Bola Ahmed Tinubu
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President Bola Tinubu has reaffirmed his administration’s commitment to positioning Nigeria as a leader in Africa’s development, with a focus on technology, food security, and innovation.

Speaking to Nigerians in Brazil on Wednesday, Tinubu described his visit as a strategic step to deepen bilateral ties and learn from the South American country’s rapid development.

“Once upon a time, Nigeria and Brazil stood on the same level. Look at Brazil today — its technology, its food systems. We must ask ourselves: what do they have that we don’t? We have the brains, the energy, and the youth. We have everything we need. Now, we must act,” he said.

The President stressed that his government is laying the foundation for partnerships in manufacturing, technology, and cultural exchange, with the goal of unlocking Nigeria’s potential.

Acknowledging the difficulties citizens face due to ongoing economic reforms, Tinubu insisted that the measures are necessary for long-term prosperity.

“Yes, the reforms are tough — like bitter medicine. But once the fever is gone, you know the cure was worth it,” he said.

He commended the Nigerian diaspora community in Brazil, urging them to see themselves as critical stakeholders in building a new Nigeria.

“You are the pride of our nation. Your diversity, your commitment — it reflects the Nigeria we are working to build. I salute you all,” Tinubu stated.

The President further called for unity and resilience among Nigerians, adding that the dream of a prosperous nation must be pursued with urgency.

“If Wole Soyinka, at over 90, can still dream and act, then we have no excuse. The dream must be realised. The time is now,” he said.

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Tinubu Arrives in Brazil for Two-Day State Visit After U.S. Stopover

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President Bola Ahmed Tinubu stepping out from Airplane
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President Bola Tinubu has arrived in Brasília, Brazil, for a two-day state visit focused on deepening bilateral ties and securing new investments.

Tinubu, who flew in from Los Angeles after attending the Tokyo International Conference on African Development (TICAD9) in Japan, was received at the Brasília Air Base by senior Brazilian government officials, including Ambassador Carlos Sérgio Sobral Duarte, Secretary for Africa and the Middle East, and Carlos José Areias Moreno Garcete, Brazil’s Ambassador to Nigeria.

Nigeria’s Minister of State for Foreign Affairs, Bianca Ojukwu, also joined the reception. Other cabinet ministers, heads of key agencies, and private sector representatives later welcomed the president at his hotel.

The official welcoming ceremony, with full military honours, is scheduled for Monday at the Planalto Palace.

According to presidential aides, the visit will focus on activating multi-billion-dollar agricultural investments, advancing the $1.1 billion Green Imperative mechanisation project, and attracting fresh foreign direct investment in Nigeria’s agriculture and energy sectors.

Tinubu is also expected to participate in a Nigeria–Brazil business forum, bilateral meetings, and the signing of agreements and memoranda of understanding in technology, aviation, renewable energy, and climate resilience.

The presidency has not disclosed when the president is expected to return to Abuja.

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