200 Chinese companies ready to invest in Nigeria - Minister – Newstrends
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200 Chinese companies ready to invest in Nigeria – Minister

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Nigeria’s Foreign Affairs Minister, Ambassador Yusuf Tuggar

200 Chinese companies ready to invest in Nigeria – Minister

Following the China-Nigeria Business event held in Beijing on Friday, the Nigerian government, led by President Bola Tinubu, announced that over 200 Chinese businesses have expressed interest in investing in Nigeria.

This information comes from Nigeria’s Foreign Affairs Minister, Ambassador Yusuf Tuggar, who is on an official visit to China. The statement was communicated by his media aide, Alkasim Abdulkadir.

The event was co-organized by the Nigerian Embassy and Yingke Law Firm to promote bilateral trade and investment and facilitate business matchmaking, aiming to strengthen economic ties between Nigeria and China.

“Amb. Tuggar emphasised the importance of the longstanding relationship between Nigeria and China, highlighting mutual respect and shared developmental goals.”

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According to the details communicated after the China-Nigeria business event jointly organised by the Nigerian Embassy and Yingke Law Firm, it was designed to ease increased bilateral trade and investment, and foster business matchmaking to deepen economic ties between Nigeria and China.

“Over 200 Chinese companies took part in the event, showing a strong interest in fostering economic collaboration between the two nations.”

As part of his working visit, Tuggar would take part in several high-level meetings and events, including the inaugural Plenary Session of the Nigeria-China Intergovernmental Committee in Beijing and the World Economic Forum Annual Meeting of the New Champions in Dalian.

“These engagements are expected to further solidify the strategic partnership between Nigeria and China. He is also expected to meet with ECOWAS Ambassadors as well as launch the 4D Cultural Diplomacy Programme of the Renewed Hope Agenda of President Bola Tinubu at the Embassy of Nigeria,” the statement said.

200 Chinese companies ready to invest in Nigeria – Minister

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Executive Order: NAFDAC praises Tinubu for advancing drug and health security

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Director-General of NAFDAC, Mojisola Adeyeye

Executive Order: NAFDAC praises Tinubu for advancing drug and health security

The National Agency for Food and Drug Administration and Control (NAFDAC) has lauded President Bola Ahmed Tinubu for signing an executive order to strengthen drug and health security in Nigeria.

In a statement on Saturday, NAFDAC Director-General Prof. Moji Adeyeye highlighted that the executive order is designed to transform Nigeria’s health sector. The order focuses on increasing local production of healthcare products, reducing healthcare equipment and consumables costs, and promoting local investments.

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Prof. Adeyeye emphasized that this move paves the way for a sustainable and high-quality healthcare system for all Nigerians. She noted that the executive order demonstrates the administration’s dedication to transforming the health sector and aligns with the Nigeria Health Sector Renewal Investment Initiative (NHSRII) and the Presidential Initiative on Healthcare Value Chain (PVAC), which was approved in October 2023.

Prof. Adeyeye also mentioned that NAFDAC has been implementing measures to enhance the local manufacturing of drugs and other health commodities over the past six years. She stated that the Tinubu administration has created an environment where local manufacturers can excel and compete effectively.

Executive Order: NAFDAC praises Tinubu for advancing drug and health security

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Food Security: Saudi Arabia plans farm equipment manufacturing plants in Nigeria

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Food Security: Saudi Arabia plans farm equipment manufacturing plants in Nigeria

Senator Abubakar Kyari, the Minister of Agriculture, announced that Saudi Arabia has shown interest in establishing manufacturing plants in Nigeria for farming equipment.

Kyari disclosed this in a statement on his Twitter account on Saturday following a meeting with stakeholders from the Middle Eastern state. He highlighted that the objective is to enhance Nigeria’s agricultural sector through mechanization by locating these plants within the country.

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Additionally, Kyari mentioned that Saudi Arabia has committed to purchasing 200,000 metric tons of red meat annually from Nigeria and one million tons of soya. He emphasized that this initiative will bolster the agricultural sector and the nation’s production capacity.

Food Security: Saudi Arabia plans farm equipment manufacturing plants in Nigeria

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Release Nnamdi Kanu now, Peter Obi urges FG

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Peter Obi

Release Nnamdi Kanu now, Peter Obi urges FG

The presidential candidate of the Labour Party in the last general election, Peter Obi, has called on the Federal government to release Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB).

Speaking to journalists at his residence in Onitsha, Anambra State, Obi described Nigeria as being on the brink of failure and emphasized the importance of upholding the rule of law. He called on the Federal government to release Nnamdi Kanu promptly, citing court rulings that granted him bail.

“My take on Nnamdi Kanu is that I don’t see any reason for his continued detention, especially as the courts have granted him bail. The government must obey the court. The rule of law is an intricate asset that we must cherish and live with. I use this same opportunity to plead with the federal government to ensure that all those who are in similar conditions are released and discussed. We are in a democracy, and we should not be doing things that are arbitrary and not within the law.

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I want to use this opportunity to say that all those who are being held because of one protest or the other should be released. Whether it is freedom fighters, End Sars protesters, or even because of freedom of speech, be it journalists, let them all be released immediately.

We are a democratic country, and people have rights under the constitution to express themselves freely. They also have the right to peaceful protest, and we must listen to them. We must listen to those who say they are not happy, that is why it is a democracy. We should stop acting dictatorial and behave as if this is not a democratic country.” he said

Release Nnamdi Kanu now, Peter Obi urges FG

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