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Highlight Our Potentials, Jonathan Tells Investors

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President Goodluck Jonathan, has urged companies doing business in the country to assist in marketing the country’s investment potentials to other global investors.

Jonathan gave the advice last Saturday at the closing ceremony of the 17th Nigerian Economic Summit in Abuja.

The theme of the summit was “Attracting Foreign Direct Investment through Global Partnerships”.

The President said: “Those companies already doing businesses in Nigeria are best suited to sell Nigeria to global investors.

“For example, a leading Indian investor in Nigeria confirmed during the opening session that the Indian businesses in Nigeria were growing.

“The investments of 7Up Bottling company, MTN, Dangote Group and Guinness have also been confirmed to be growing”.

Jonathan, represented by the Minister of National Planning Commission, Dr Shamsudeen Usman, said since those companies had invested and were making profit, they should be the best marketers of Nigeria.

According to him, government was committed to ensuring sanctity of contracts and consistency in implementation of policies.

He said: “Government is serious about sustained implementation of the reforms as encapsulated in the Transformation Agenda leading up to the accomplishment of the NV20:2020.

“We are committed to strengthening institutions and take the reforms beyond individuals to ensure sustainability.

“We are also committed to the sustained tracking of the implementation of the various reforms,” Jonathan said.

He said the Federal Government was working closely with the private sector in moving and attracting foreign direct investments as part of efforts to move the country to the next level.

“Government is talking in the same mode as the private sector by emphasising the need to divert itself from businesses that can best be undertaken by the private sector.

“Let me, however, assure you that government is taking steps toward addressing security issues in Nigeria.

I note the key findings and recommendations arising from this Summit, in particular the long term visa for investors, the deregulation of the petroleum sector and others that needed to be addressed within the next twelve months,” Jonathan said.

He added that government was committed to implementing the key aspects of the recommendations of the summit.

Speaking earlier, Mr Foluso Philips, the Chairman, Nigerian Economic Summit Group (NESG) said the summit recommended that both the public and private sector should work toward the implementation of national policies.

“Nigerians are tired of planning without action. This is time for governments and private sector to do it,” he said.

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Why Wike Is Playing God In Rivers -Asari Dokubo

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A former Niger Delta militant, Asari Dokubo, has claimed that the Minister of the Federal Capital Territory, Nyesom Wike, is “playing god” in the current political crisis that has pitched him against the Rivers State Governor, Sir Siminalayi Fubara.
Dokubo also chided President Bola Tinubu for, according to him, handing over “Rivers and Bayelsa” to the ex-governor.
“He is now playing god. It is dead on arrival, all those things that he is doing,” Dokubo said in a video that surfaced on X.com on Monday.
He added, “I advise my friend, President Bola Tinubu; what you are doing to all Ijaw, Ikwerre people in Rivers State (sic). You took Rivers state and gave it one man”
In April, Fubara revealed that the administration has raised the monthly Internally Generated Revenue of the state from N12 billion which he met upon assumption of office to N27 billion.
Dokubo described the development as commendable while alleging that the governor only had access to N6 billion when he assumed office.
“The governor had come out to say that the IGR for Rivers State is now N27bn up from N12bn. The governor is even being economical with the truth. When the governor came in, they were giving him a paltry sum of N6bn,” he said.
Meanwhile, in another twist to the ongoing crisis, Fubara on Monday said that he would set up a panel of inquiry to look into the affairs of governance in the state.
He disclosed this during the swearing-in and administration of the oath of office on Dagogo Iboroma, SAN, as the Attorney General of the state and Commissioner for Justice.
The governor criticized recent comments by the former Attorney-General of the State and Justice Commissioner, Prof. Zacchaeus Adangor, SAN, who resigned from his cabinet over a fortnight ago and urged the new Attorney-General to defend the state.
He stated, “It is not the one that while you were here… the only thing you do is to sabotage the government.
“Instead of you to close your mouth, you publicly claim that you’re a learned person to tell people that you’re the Chief Law Officer. Chief Law Officer, you were here and went to stand before a Magistrate Court.
“At that time you didn’t remember that you’re a Chief Law Officer going against the ethics of your job.”

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Investors, Tourists To Get Visa Within 48 Hours, FG Assures

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The Federal Executive Council chaired by President Bola Tinubu has approved the establishment of a tripartite committee to streamline visa processes and acquisition for investors interested in investing in Nigeria.
The Minister of Information and National Orientation, Mohammed Idris, revealed this, yesterday, after the FEC meeting held at the Council Chambers of the Presidential Villa, Abuja.
“Our visa processes are becoming cumbersome. The ease of doing business is also tied to our visa processes.
“Going forward, those investors, tourists would find it easy to acquire a visa within the next 48 hours,” Idris said.
The meeting which began on Monday was adjourned till Tuesday to allow for other “far-reaching” decisions, the information minister had told journalists.

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Panel To Probe Governance In Rivers Underway -Fubara …Swears In Iboroma As New Attorney-General

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Rivers State Governor, Sir Siminalayi Fubara, has declared his readiness to set up a panel of inquiry to look into the affairs of governance in the state.
Fubara disclosed this during the swearing-in and administration of the oath of office on Dagogo Iboroma, SAN, as the new Attorney General of the state and Commissioner for Justice.
The governor criticised recent comments by the former Attorney-General of the State and Justice Commissioner, Prof. Zacchaeus Adangor, SAN, who resigned from his cabinet over a fortnight ago and urged the new Attorney-General to defend the state.
Fubara stated, “It is not the one that while you were here… the only thing you do is to sabotage the government.
“Instead of you to close your mouth, you publicly claim that you’re a learned person to tell people that you’re the Chief Law Officer. Chief Law Officer, you were here and went to stand before a Magistrate Court.
“At that time you didn’t remember that you’re a Chief Law Officer going against the ethics of your job.”
Addressing the new AG, the governor said, “You have a big task. As it is today in the local parlance, they say the jungle has matured. We will be setting a panel of inquiry to investigate the affair of governance.”
The governor further said there was a deliberate attempt to sabotage his administration, saying, “If we disagree, no matter how bad it is, it should be resolved.
“But it has become very clear that this disagreement there is no headway to it, and for many reasons, there is very visible evidence that there is sabotage, a deliberate attempt to sabotage this administration.
“Maybe where they are they are telling them nothing will happen, it is happening here live, we have our own legislators that are performing their duties according to the Constitution. So that record is threatened.”

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