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Tinubu Holds Productive Meetings with Three Key Economic Partners

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In the hustle and bustle of off-camera activity in the siderooms of the G-20 Summit, President Bola Ahmed Tinubu was unwilling to stay away from the action.

The President met with the Heads of State of three nations which have been identified as key partners in his economic development diplomacy drive for local investment and wealth creation.

Special Adviser to the President,Chief Ajuri Ngelale stated this in a statement on Sunday.

For the Leader of Africa’s largest economy, a meeting with the Chief Executive Officer of Europe’s largest economy, Germany, presented a unique opportunity to expand ties of prosperity for the people of Nigeria, but with a pragmatic approach toward ensuring the effective execution of agreements struck.

“It is not, for us, only a matter of designing the financial architecture for an expanded economic partnership. It is also about the practicality of aligning the perspectives of your large-scale manufacturers, such as Volkswagen and others, with the reality of the new incentives my government is putting in place for them to come and prosper across multiple value chains and sectors inside of our country,” the President implored.

Apparently intrigued by the specific economic focus of the President’s proposal, German Chancellor, Olaf Scholz, responded by acknowledging the mutually-beneficial nature of an escalation in the scale of economic ties with Africa’s largest economy.

“Thank you for this important discussion, Mr. President. I can appreciate this opportunity to advance our economic relations. Your market is unique and our companies have history in Nigeria. We acknowledge the business friendly reforms you have put in place. I am happy to inform you of my desire to visit you in Nigeria in October, which will allow us to carry forward these initiatives,” the German leader confided.

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Following President Tinubu’s acceptance of the German Chancellor’s request to visit, the President proceeded to sit down with the Leader of Asia’s fourth largest economy, South Korea, during which, South Korean President, Yoon Suk Yeol, commended the President’s regional leadership in upholding democratic tenets and norms.

“I wish to commend your strong leadership, following the peaceful transfer of power to you from your predecessor and we see a stable country in West Africa that is growing in stature,” he said.

President Tinubu responded by swiftly steering the discussion toward his economic focus as he immediately advanced proposals for an enhanced South Korean presence in Nigeria’s local manufacturing sector.

“We will leave nothing hanging. We will finalise what we agree to and we will execute. We will work point by point with you to secure rapidly implementable MoUs across sectors of partnership that will involve the active presence of your biggest firms, not just in terms of Nigerian consumption, but in local Nigerian production, from telecommunications to technology, and oil & gas,” the Nigerian leader affirmed.

The South Korean President responded in agreement, noting specifically that Nigeria’s education, technology and energy sectors are of utmost interest to South Korean investors and that he will mobilize his business community to take advantage of new Nigerian incentives for local industry.

Offering an invitation to visit Nigeria, President Bola Tinubu would conclude formal discussions at the G-20 with the Asian giant and host nation, which had invited Nigeria to the G-20 Summit, as he met with Indian Prime Minister, Narendra Modi.

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“There are many lessons our nation can learn from the rapid progress that India has made under your leadership. We see fantastic opportunity between our nations across sectors, such as agricultural development, but specifically, there is more we can do to advance ICT innovation and the emergence of Blue-Chip FinTech growth in Africa. Nigeria has the local players who can drive it from the front,” the Nigerian leader confidently asserted.

The hosting Head of State responded in the affirmative to the economic partnership proposal, even as he expressed gratitude for the Nigerian leader’s invitation to visit.

“Our teams must now stay close in touch to detail our priority areas of upscaled cooperation with respect to agriculture, defense industries capacity building, and even FinTech growth. I see your commitment. We believe there are immense prospects for Nigeria in the UPI (Unified Payments Interface) and we will ensure that we come together and make progress on these fronts very rapidly,” the Indian leader concluded.

During the G-20 sideline meetings, President Tinubu also had substantive, informal exchanges of views with U.S. President Joe R. Biden; European Commission President, Ursula von der Leyen; and World Bank President, Ajay Banga, amongst many others.

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Hajiya Sa’adatu Sani Musa Honored With Yoruba Traditional Title of “Yeye Of Yorubas”

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The wife of Niger East Senator, Hajiya Sa’adatu Sani Musa 313, has been conferred with the prestigious title of “Yeye of Yorubas”, meaning “Lover of the Yorubas”, in recognition of her outstanding generosity and unwavering support for Yoruba cultural activities in Niger State.

The honorary title was bestowed upon her by the Kabeyesi of Niger State,(Sarkin Yarbawa of Minna )Alhaji Abdulrazak Abdulkarim (Iyayi), in appreciation of her continuous contributions to the Yoruba community within the state. The Yoruba Forum, a prominent socio-cultural group, formally presented the title to Hajiya Sa’adatu at her Abuja residence on Wednesday.

During the ceremony, members of the Yoruba Forum lauded her commitment to fostering unity and cultural inclusivity. They assured her of their unwavering support in promoting good governance and leadership, not only for the people of Niger East but for the state as a whole.

Speaking at the event, Senator Sani Musa 313, alongside his wife, expressed gratitude for the recognition, reaffirming their dedication to the Yoruba community and other ethnic groups in Niger State. The senator highlighted the importance of unity among Nigeria’s diverse cultures and pledged to continue supporting initiatives that promote harmony and development.

The conferment of the “Yaye of Yorubas” title underscores Hajiya Sa’adatu’s significant role in bridging cultural divides and fostering peaceful coexistence among different ethnic groups in the state. It also reflects the growing appreciation of individuals who contribute to the welfare and unity of Nigeria’s diverse communities.

The event was attended by notable dignitaries, traditional leaders, and members of the Yoruba community, further solidifying the bond between the Yoruba people and the leadership of Senator Sani Musa.

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Africa holds key to unlocking 120 billion barrels of oil – OPEC Chief

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The Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC) Mr Haitham Al-Ghais, has tasked Africa to unlock its proven oil reserves of over 120 billion barrels.

Mr Haitham Al-Ghais, OPEC Secretary-General, made this known while delivering a keynote address titled “Driving Cross-Continental Investments: Scaling Africa’s Energy Frontier”, at the ongoing Nigeria International Energy Summit (NIES) 2025 in Abuja, Nigeria.

The eight edition of the energy summit, which opened on Monday and ends on Thursday, has ‘’Bridging continents: Connecting investors with Africa’s Energy Potential’’ as theme.

He also said that Africa with around 18 trillion standard cubic metres of natural gas, was a testament to the continent’s crucial role in the global energy landscape.

“The world will need more of this oil in the future. Therefore, it is critical that the African oil and gas industry attracts the level of investment necessary to unlock this great potential”, Al-Ghais added.

He said that the vast resources at Africa’s disposal should not be disregarded or neglected merely to accommodate the energy transition agenda pushed by Western nations.

The secretary-general expressed appreciation to the leadership and people of Nigeria for their hospitality and thanked the summit organisers for their efforts in organising this year’s edition.

According to him, OPEC’s market research and forecasting points to the importance of Africa.

“Additionally, we know from Nigeria’s countless contributions to OPEC’s successes, how rewarding it is to work in this great nation. We encourage all potential investors to look at Nigeria’s oil and gas industry,”.

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Al-Ghais highlighted the strong and enduring relationship between OPEC and Africa, noting that half of OPEC’s member countries are from the continent, including Nigeria, the most populous African nation, and Algeria, the largest in geographical size.

Other African OPEC members include Congo, Gabon, Equatorial Guinea, and Libya.

He also lauded Africa’s youthful and dynamic population, which presents a strong workforce for the oil sector.

“It’s crucial to discuss how we can unlock the potential that this great continent holds, and how to create an investment-enabling environment that attracts the capital necessary to fully realize that potential,” he said.

“The investment needs of the oil industry are substantial, with cumulative requirements amounting to 17.4 trillion dollars by 2050.

“This is why stability in the oil market is essential for investors to plan effectively,” he added.
He highlighted OPEC’s views on some important topics relevant to both the global industry and Africa, including future of global oil demand, energy investment and finance, as well as the ever-evolving issue of climate change and energy transitions.(NAN)

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Pope Francis resting peacefully, says Vatican

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Pope Francis, who is suffering from a severe lung infection, spent a night in hospital without any additional complications, the Vatican said on Wednesday morning.

The 88-year-old head of the Catholic Church had a “peaceful night” and is now resting, a spokesman said.

The Argentinian native has been receiving treatment at the Gemelli Hospital in Rome since the middle of the month.

He has now been in the hospital longer than ever before during his pontificate.

Earlier on Tuesday evening, the Vatican stated in a health bulletin: “The Holy Father’s clinical condition remains critical, but stable.” Francis has not experienced further episodes of breathlessness since the weekend, it said, adding that his blood values are also stable.

Meanwhile, prayers for Francis are being offered up around the world.

On St Peter’s Square, a rosary was recited for him again on Tuesday evening.

The Vatican is providing written updates on his health condition in the morning and evening.

Francis has been the leader of the Catholic Church, with its approximately 1.4 billion faithful worldwide, since March 2013.(dpa/NAN)

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