Connect with us

news

Tinubu’s economic reforms make UK think of Nigeria as an investment destination, Says British envoy

Published

on

The British High Commissioner to Nigeria, Richard Montgomery says the economic reforms instituted by President Bola Tinubu are capable of attracting investors from the United Kingdom to Nigeria.

Montgomery said this while speaking with State House correspondents after a closed-door meeting with Vice President Kashim Shettima, at the Presidential Villa, Abuja on Wednesday.

The British diplomat said he addressed British ministers about the removal of fuel subsidy among other economic reforms embarked on by Tinubu, adding that these will make think of Nigeria as an investment destination.

He revealed that his discussions with Shettima highlighted the current policy direction of the Tinubu administration, which, he said, is being warmly received by UK investors.

“As I discussed with His Excellency, the big economic decisions being taken by this government are really important and are being noticed around the world: the removal of subsidy, the exchange rate reform, all of that create a much better investment environment,” Montgomery said.

“I was in London last week; I was briefing my ministers, but I was also talking to British business in finance, banking and investment sectors. They are all responding very positively to these first decisions.”

He further said that the discussions also featured areas of assistance by the British government to cushion the effects of the discontinuance of petroleum subsidy, which has spelt “tough times” for Nigerians.

He said, “We know that there are tough times that are going on at the moment, inflation and unemployment.

“The vice president and I also touched on some of the measures that might be possible to cushion the blow of some of these economic pressures.

“But I think the big issue is that these reforms help put Nigeria on a higher growth path; they will attract more investments and the United Kingdom and the city of London see Nigeria as a big opportunity going forward. I will be doing my part to try to boost those, enhance trade and investment.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

news

BREAKING: Tinubu replaces Service Chiefs, names Gen. Oluyede CDS

Published

on

 

President Bola Ahmed Tinubu has approved major changes in the leadership of the Armed Forces, appointing new Service Chiefs in a decisive move aimed at strengthening national security architecture.

According to a statement on Friday by his Special Adviser on Media and Public Communication, Chief Sunday Dare, the President named former Chief of Army Staff, Lt. General Olufemi Oluyede as the new Chief of Defence Staff, replacing General Christopher Musa.

Major-General W. Shaibu has been appointed Chief of Army Staff, Air Vice Marshal S.K. Aneke takes over as Chief of Air Staff, while Rear Admiral I. Abbas is the new Chief of Naval Staff.

The Chief of Defence Intelligence, Major-General E.A.P. Undiendeye, retains his position.

All appointments, the statement said, take immediate effect.

President Tinubu, who is also the Commander-in-Chief of the Armed Forces, expressed deep appreciation to the outgoing Chief of Defence Staff, General Musa, and other retired Service Chiefs for their “patriotic service and dedicated leadership” during their tenure.

He charged the newly appointed military heads to justify the confidence reposed in them by demonstrating “enhanced professionalism, vigilance, and comradeship” in the discharge of their duties.

The shake-up in the military hierarchy comes as part of ongoing efforts by the Tinubu administration to reposition the security sector, improve coordination among the services, and sustain momentum in the fight against terrorism, banditry, and other security challenges across the country.

Continue Reading

news

JUST IN: Court Rejects “Terrorists’ Negotiator” Tukur Mamu’s Third Bail Application

Published

on

A Federal High Court in Abuja has rejected a fresh application for bail filed by detained alleged terrorists negotiator, Tukur Mohammed Mamu.

Justice Mohammed Umar, in a ruling on Wednesday, noted the health complaint by Mamu and held that the detaining authority, the Department of State Services (DSS) should not release him but take him to an appropriate health facility where he would be adequately attended to.

Justice Umar noted that, by the history of the case so far, the prosecution has exhibited diligence in it handling of the case and exhibited diligence in prosecuting the case.

The judge said one of the reasons for granting bail is where the prosecution is not diligent, noting that since the prosecution in this case is diligent, the application for bail cannot be granted.

He subsequently ordered that the defence lawyer should choose the health facility comfortable to the defendant, to which he should be promptly taken.

He also asked the DSS to allow the defendant access to members of his family.

The ruling on Wednesday is the third time the court will reject his application for bail since his was arraigned on March 21, 2023 by the Federal Government on a 10-count charge bordering on terrorism financing, among others.

Mamu was arrested on September 7, 2022 by Egyptian security officials at the Cairo International Airport, on reasonable suspicion of financing Boko Haram terrorism activities.

He was alleged to have convinced the terrorists to discuss ransom payments with individual families of the hostages of the train attack instead of the Chief of Defense Staff Committee set up by the Federal Government for his personal financial gain.

He was said to have been nominated by the terrorists that attacked the Abuja-Kaduna bound train sometime in March 2022 which took scores of persons hostage.

Mamu was alleged to have collected ransoms on behalf of the Boko Haram terrorists from families of hostages, confirmed the amount and facilitated the delivery of same to the terrorists.

Continue Reading

news

BREAKING: ASUU suspends two-week warning strike

Published

on

The Academic Staff Union of Universities has announced the suspension of its ongoing two-week warning strike.

The National President of ASUU, Prof. Chris Piwuna, made this known in an ongoing press briefing in Abuja on Wednesday.

According to Piwuna, the decision stemmed from the meeting of the National Executive Council meeting which was held overnight and ended by 4:00 am on Wednesday.

Piwuna noted that the union decided to embark on the strike due to the failure of the government to meet its demands on time.

“We’ve had useful engagements with representatives of the government to consider the response to the draft renegotiation of the 2009 agreements. However, we are definitely not where we were prior to the commencement of the strike.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved