79th UNGA: US Chamber Of Commerce commits $320m to Mortgage Financing, SMEs, Others in Nigeria

Nigeria’s participation at the 79th Session of the ongoing United Nations General Assembly  (#UNGA79) recorded the first success on Monday, as the President Bola Ahmed Tinubu administration’s commitment towards mortgage refinancing and women empowerment received the support of the United States Chamber of Commerce @USChamber with a commitment of about $320 million. This is just as Vice President Kashim Shettima, who is leading the federal government delegation and representing President Tinubu at this year’s UNGA, has met with other members of Nigeria’s delegation to strategise on Nigeria’s engagements in New York.  At a US-Nigeria Executive Business Roundtable hosted by the US Chamber of Commerce, Nisha Biswal of the American International Development Finance Corporation announced that with a portfolio of  $1 billion, it was investing $200 million in mortgage refinancing in Nigeria. The sum of $100 million has been earmarked for FCMB to finance SMEs in Nigeria, with particular interest in women empowerment.  The US Chamber of Commerce also announced that $20 million has been approved for a firm, Robust International, for processing of cashew nuts in Nigeria. Biswal said the American Chamber remained committed to working with Nigerians in the development and pursuit of sustainable economic policies.  Appreciating the gesture of the group, Vice President Shettima reiterated President Tinubu’s commitment to investor-friendly policies. He stated: “I urge you to give Nigeria the benefit of the doubt. The current administration led by President Bola Ahmed Tinubu is the most investor-friendly administration in the history of Nigeria. When fuel subsidy was an albatross around Nigeria’s neck, President Tinubu, from day one, hit the ground running by withdrawing the fuel subsidy and unifying the multiple opaque foreign exchange markets.” Earlier on Monday, Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar @YusufTuggar, led other members to brief the Vice President on the activities and itinerary lined up for him in New York. Tuggar outlined the programmes and activities, saying the Vice President is expected to deliver President Bola Ahmed Tinubu’s national statement at the General Debate of the UN General Assembly.  Apart from President Tinubu’s national statement delivery, Vice President Kashim Shettima is also expected to meet with the Secretary General of the United Nations.  Aside other heads of states lined up to meet with the Vice President, there are also scheduled meetings with the head of the African, Caribbean and Pacific States; the President of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala; Director General of the International Atomic Agency, and multinational companies, among others. Also on the itinerary of the Vice President is a meeting with the Bill and Melinda Gates Foundation and a host of other international partners.  Top Nigerian officials present at the meeting included the Minister of Communications, Innovation & Digital Economy, Dr. ‘Bosun Tijani; Minister of Women Affairs, Uju Kennedy-Ohanenye; Minister of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji; Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, and Minister of Industry, Trade and Investment, Doris Nkiruka Uzoka-Anite. Others are Minister of Solid Mineral Development, Dele Alake; Minister of State for Environment, Dr. Iziaq Kunle Salako; Minister of Defence, Alhaji Mohammed Badaru Abubakar and Director-General of the National Intelligence Agency, Mohammed Mohammed, among many others.

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Tinubu pens to First Lady on her 64th birthday

President Bola Tinubu penned an emotional message to the First Lady Oluremi Tinubu on her 64th birthday.  Tinubu expressed his goodwill message on his official X handle.  The elated Nigerian president wrote; “My Dearest Oluremi, “On this beautiful day, as we celebrate your 64th birthday, my heart is full of gratitude and love for the incredible woman you are. Since we began this journey together, you have been my rock, confidante, greatest supporter, and the love of my life. Every step of the way, you have shown unwavering strength, grace, and love to me, our family, and our beloved nation, Nigeria. “You are the heart of our home, the light guiding me through the most challenging days, and the embodiment of kindness and wisdom. Your compassion, generosity, and dedication inspire millions of Nigerians and me, especially our young women, who look up to you as their First Lady. “On your special day, I want to take a moment to tell you how truly blessed I feel to walk this path beside you. Your love sustains me, wisdom guides me, and strength lifts me. I could not ask for a better partner to share the triumphs and trials of life. “As you turn 64, I wish you nothing but boundless joy, peace, and happiness. May this year unfold with blessings, laughter, and cherished moments you so richly deserve. I look forward to all the moments we will create together in the years to come. “With all my love and appreciation, now and always, “Yours Bola.”

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Nigeria partners US to enhance Press Freedom, fight fake news

The Minister of Information and National Orientation, Mohammed Idris, has said that his ministry is collaborating closely with the United States government to promote and strengthen press freedom in Nigeria. Idris stated this in an interview with newsmen shortly after he met with the United States Ambassador to Nigeria, Mr Richard Mills in his office on Wednesday. “The ambassador talked about some issues that he thinks we need to address, to improve in the area of press freedom and we have also given him assurance on what we are doing and he recognises the fact that we are doing a great job in ensuring that Nigerian press is not just free but also one of the freest around the world. I know there are some challenges here and there and we are working on those areas to ensure that all of us enjoy what is called press freedom, which is an important part of any viable democracy,” he said. The Minister emphasized the Tinubu administration’s high priority on press freedom and assured the government’s commitment to further enhancing media freedom in the country. He said they also discussed how to forge a common front in the fight against misinformation and disinformation in the country. “He talked about misinformation, disinformation, fake news, and all that stuff, and we discussed that. We all believe collectively that there’s no way you can build a virile society when you promote fake news and don’t take the issue of misinformation and disinformation seriously,” he said. In his remarks, Ambassador Mills said his meeting with the Minister is to discuss ways of strengthening the existing relationship between the US government and the Ministry, especially regarding press freedom and journalists’ rights. He recognized the effort of the Minister in championing the cause of press freedom and journalists’ rights in Nigeria. The US Envoy, who acknowledged the huge challenge posed by disinformation, especially in democracies around the world, said they have also shared thoughts and ideas with the minister on how to tackle the challenge.

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Nigeria, a country governed by law, categorically denies any human rights abuse

The Trade Union Congress in the United Kingdom opened its conference on Tuesday in London, with its leader making false claims about human rights abuses and violations in Nigeria. The Nigerian government was wrongly and falsely accused of rights abuse because the NLC President, Joe Ajaero, was stopped from travelling abroad after he snubbed the invitation of a law enforcement agency conducting an ongoing investigation. Ajaero, who probably considers himself above the law, was slated to speak at the same conference where the UK TUC leader attacked Nigeria. His actions, however, have serious consequences, as no one is above the law in Nigeria. Clearly, under the Constitution of the Federal Republic of Nigeria 1999 (As Amended), no person is above the summons of law enforcement agencies and lawful investigation.   Like the United Kingdom and other civilised nations, Nigeria is a country of law governed by the Constitution. We are not aware that there is anyone in the United Kingdom or anywhere in Europe and the United States, trade union leaders inclusive, who will flagrantly ignore the invitation or summons of MI5 or Scotland Yard or treat the FBI with the level of disdain Mr Ajaero has subjected law enforcement agencies in Nigeria. In the United States, for example, former President Donald Trump has been the subject of numerous investigations and prosecutions in courts in several states since he left office. Mr. Hunter Biden, son of the President of the United States, has been the subject of a lawful investigation by the FBI. We, therefore, reject any notion and allusion to human rights violations in Nigeria. The accusations made by the Trade Union Congress in the United Kingdom are, thus, unfounded and based on a misunderstanding of the situation. Besides, the Nigerian Government is being led by a pro-democracy activist president who will do everything to protect civil liberties and the rights of all citizens. There is no adversarial relationship between the Labour Movement in Nigeria and the government. While labour unions and the government may not always agree on policy direction, the government has consistently shown readiness to engage on any issue with labour despite the latter’s political partisanship. Contrary to the erroneous impression being created, the invitation extended by the Department of State Services to Mr. Ajaero has nothing to do with his role as the President of NLC. As a responsible citizen of Nigeria, Mr Ajaero should honour any invitation from our security agencies and resolve any issues that may arise during the investigation instead of stirring adverse public opinion against the security agencies. It is worth reminding Nigerians and the global community that the federal government recognises that the labour movement exists to protect and defend the interests of its members. What is also worth noting is that Labour, in most cases, only advances ideological positions that fly in the face of economic realities. Many ideological stances of the labour unions in Nigeria in the past have only stunted the economic growth and development of the country and even compromised the material well-being of the workers and the poor people they protect. A case in point was the strong opposition of the NLC and TUC to the sale of Port-Harcourt and Kaduna Refineries to Bluestar Consortium, promoted in 2007 by Aliko Dangote and Femi Otedola, during the administration of former President Olusegun Obasanjo. Seventeen years after the labour movement forced the successor government of Umar Yar’ Adua to cancel the sale of the two refineries, none of the four government-owned refineries worked. In the obverse, Mr. Aliko Dangote, one of the promoters of Bluestar, has built the largest single-train refinery in the world. In a twist of fate, the same Labour Movement that fiercely opposed Dangote from taking over the two refineries in 2007 hailed him on completing his 650,000-bpd refinery in Lagos. The administration of President Tinubu will continue to promote the best economic interest of Nigerians despite the current challenges. It will also continue to pursue policies and programmes that will expand national economic output and create prosperity for our citizens. Bayo Onanuga Special Adviser to the President (Information & Strategy)

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