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Federal Government of Nigeria kicks off NEW STRATEGY for Direct Investment Promotion 

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The Federal Ministry of Industry, Trade and Investment held a retreat and workshop to unveil its new strategy that supports the mobilization of direct investment at all levels to be implemented by Federal and State Governments’, and their ministries, departments, and agencies. The new Federal-State Investment Strategy (FSIPS), which has been designed and developed over the last three years, was authored by renowned global Investment strategy expert, Dr Nicky Okoye, and it forms an integral part of his work on “National Investment Strategy” which has been implemented by several African Countries and sub-national authorities. The Federal Ministry of Trade, Industry and Investment had used the last three years to subject the new Federal-State Investment Promotion Strategy to the scrutiny of stakeholders and it has received widespread acceptability. It is pertinent to note that the new Federal-State Investment Promotion Strategy was equally presented, evaluated and scrutinized by the National Council on Investment, which is Nigeria’s highest investment body, comprising of the leadership and institutional membership of all the Investment promotion ministries, departments and agencies at the Federal as well as from all the State Government in Nigeria.
In the opening remarks by Hon Minister of Industry, Trade and Investment, which was delivered at the retreat by Mr. Ishaya Abednego, the Deputy Director of Investment Promotion Department in the Ministry, the Hon Minister expressed a deep commitment towards Investment Promotion in Nigeria especially for Federal departments, Federal agencies, specific industries, and for State and local communities. The Hon Minster went further to indicate that the drive by the Ministry to expand its collaboration with stakeholders for repositioning Nigeria’s direct investment landscape is yielding positive results especially as is evident by its current collaboration with the African Enterprise and Entrepreneurship Institute, and its founder Dr Nicky Okoye its founder in authoring and developing the new Federal State Investment Promotion Strategy.
The unique import from the collaborative efforts to unveil the Federal-State Investment Promotion Strategy at the Retreat, is that the African Enterprise and Entrepreneurship Institute has been directed to provide all Federal and State Government Ministries, Departments and Agencies with the roadmap, the strategic framework, implementation matrix and direct investment guide for effective rollout of the new strategy for the benefit of national and state based industry, small businesses and entrepreneurial development. State Investment Promotion Agencies were particularly encouraged to take advantage of the Investment Promotion Agency Support structures embedded into the new strategy.
The founder and President of the African Enterprise and Entrepreneurship Institute, Dr Nicky Okoye, had this to say at the Federal-State Investment Promotion Strategy Retreat:
“We are excited that the Federal Government of Nigeria and the National Council on Investment has adopted the Federal-State Investment Promotion Strategy as a pathway to harmonize and integrate the various Federal and State Government Investment policies, as well as provide for the first time, unique collaborative roles for accredited private sector professionals at the global and local levels. The new Federal- State Investment Promotion Strategy has particularly repositioned direct investment for the small business community at the community, state and federal levels, and it provides a unique pathway for extensive sustainable investment returns by integrating market access and consumer demand, to business opportunities, built on targeted industrial ecosystem segments. The most appealing part of the new strategy is its ability to stimulate new job creation in specific targeted industrial segments which have been recorded to experience growing global consumer demand especially as it relates to a post Covid-19 environment.”
After the retreat stakeholders and delegates who attended from the different States, different Federal Ministries, Departments and Agencies expressed satisfaction that the sustained implementation of the new Federal -State Investment Promotion Strategy will completely redefine investment aggregation in Nigeria’s industrial landscape going forward.
About the stakeholders
The Federal-State Investment Promotion Strategy is an initiative of the Investment Promotion Department of the Federal Ministry of Industry, Trade and Investment developed in collaboration with State Investment Promotion Agencies, the National Council on Investment, and stakeholders in the investment promotion industry. The African Enterprise and Entrepreneurship Institute is a body corporate registered in Nigeria with strong affiliation to the African Enterprise Institute of Washington DC USA, off which they collaboratively focus on the development of enterprises through expanding Enterprise access to investment capital, access to markets and access to strategic resources. Dr Nicky Okoye is the author of Nigeria’s newly launched Federal and State Government integrated Investment Promotion strategy, which has been designed to mobilize direct investment for strategic industries, small businesses, and strategic industrial sectors on a sustainable basis, from local and foreign direct investors. Dr Nicky Okoye is a serial entrepreneur and Co-founder of Transcorp Plc, having served as Transcorp Plc’s first Executive and its first Group Executive Director for group operations. He led Transcorp Plc’s early-stage fund-raising efforts, which successfully raised over one billion US dollars ($1,000,000,000.00) in its first twelve months of operations. Dr Nicky Okoye has also served as the Chief Strategy Officer of the Nigerian Stock Exchange (now Nigerian Exchange). Dr Okoye has advised and consulted for, in a strategic capacity, the Central Bank of Nigeria, the Nigeria Content Development and Monitoring Board, the Central Securities Clearing System and a host of other Corporate Institutions. As Founder and Chief Executive of ANABEL Group, Dr Nicky Okoye founded Africa’s first designed and manufactured Mobile device, the ANABEL Mobile, and he currently manages ANABEL Cares, which is the Anabel group’s global healthcare community network specializing in the training and accreditation of healthcare professionals for global assignments. Dr Okoye is a former global investment adviser and financial consultant with Merrill Lynch (now Bank of America Merrill Lynch), United States of America.

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JUST IN: President Tinubu Orders Yahaya Bello To Submit Himself For EFCC Probe

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The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has called on the immediate-past governor of Kogi State, Alhaji Yahaya Bello, to follow the path of decency and submit himself for probe.

Bello is being wanted by the Economic and Financial Crimes Commission (EFCC) over alleged corrupt practices while in office as governor of Kogi State

 

LEADERSHIP reports that in the last 24 hours, there have been dramas and hide and seek game between both parties over the move to arrest the former governor for arraignment this Thursday.

 

According to the AGF, in a statement he personally signed on Thursday, EFCC is empowered by law to invite any Nigerian for interrogation.

He also described the action of the incumbent governor of Kogi State, Ahmed Ododo, who used his immunity to prevent Bello’s arrest on Wednesday as ‘disquieting’, adding that embarking on a temporising self-help and escapism that can only put Nigeria in bad light before the rest of the world is not the way to go.

According to him, he stands for the rule of law and will ensure no right of any Nigerian is trampled upon.

 

 

The AGF said in the terse statement: “The bizarre drama confronting the Economic and Financial Crimes Commission (EFCC) in the course of its efforts to perform its statutory duty has come to my notice (Attorney General of the Federation and Minister of Justice) as a matter of very grave concern.

“It is now beyond doubt that the EFCC is given power by the law to invite any person of interest to interact with them in the course of their investigation into any matter regardless of status. Therefore, the least that we can all do when invited, is not to put any obstruction in the way of EFCC but to honourably answer their invitation.

“A situation where public officials who are themselves subject of protection by law enforcement agents will set up a stratagem of obstruction to the civil and commendable efforts of the EFCC to perform its duty is to say the least, insufferably disquieting. A flight

from the law does not resolve issues at stake but only exacerbates it.

 

“I state unequivocally that I stand for the rule of law and will promptly call EFCC and indeed any other agency to order when there is indication of any transgression of the fundamental rights of any Nigerian by any of the agencies but I also tenaciously hold the view that institutions of State should be allowed to function effectively and efficiently. Nigeria has a vibrant judicial system that is capable of protecting everyone who follows the rule of law in seeking protection.

 

“I therefore encourage anyone who has been invited by the EFCC or any other agency to immediately toe the path of decency and civility by honouring such invitation instead of embarking on a temporising self-help and escapism that can only put our country in bad light before the rest of the world.

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SHALINA CELEBRATES 40 YEARS OF TRUST, REITERATES COMMITMENT TO QUALITY HEALTHCARE DELIVERY IN AFRICA

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In celebration of its 40 years in Africa, a leading Afro-focused multinational company, Shalina Healthcare has reiterated its commitment to the delivery of quality healthcare in Africa. Declaring this in Lagos on Friday at the event to wrap up the company’s 2023/24 financial year and celebrate its 40 years of its existence, the Chief Commercial Officer, West Africa of the company, Arun Raj said the company “is determined to continually fulfill its corporate mission of making quality products available to every African at affordable prices.

 

According to him; ” It has been 40 years of trust in Africa and these 40 years, the people of the continent have also reciprocated the trust in our quality products and healthcare delivery.”

 

Also, in his corporate presentation as well as new financial year projection, the Head, Corporate Marketing of the Company, Folorunso Alaran said; “the Company is building on the trust Africans have in its products and services over the year and is committed to healthy Africa. It has been forty years of available, affordable and quality products for Africans.”

In the words of Mr. Nirmal Jain CEO Shalina consumer Global,

 

“At Shalina, we believe that every African must have access to good products. And for the last forty years, we have been trusted for our quality products. And more so, through our many initiatives and healthcare interventions, Shalina has continually raised the bar in healthcare delivery.”

 

Speaking further, Mr. Debajeet Mukherjee CEO Shalina Pharma Global, posited that; “despite the prevailing economic challenges, we do not waver in delivering our corporate purposes of available, affordable and quality health products. It is our belief that economic challenges should not hinder people’s access to quality healthcare. Either the economy is good or bad, it shouldn’t affect the lives of the people in an adverse way. Despite the fact that some companies are leaving Nigeria, we are expanding our team in the country. This is because we have trust and believe in Nigeria.”

 

In her own presentation at the event, the Company’s Managing Director, Nigeria , Opeyemi Akinyele said the company “is focused to become number one brand in Nigeria and continually promote the best of healthcare delivery in the country. ”

 

“Through our products, activities and interventions we have been doing greatly to ensure that quality healthcare is available and affordable for every citizen. And this is a promise that will remain unbroken ” She said.

 

Appreciating the members of staff of the company for their commitment and supporting roles in the company, Akinleye said “without you, your roles and efforts, we won’t be here and the successes recorded in the out gone year won’t be possible. We also rely on your continuous support and commitment in the new year. ”

 

Meanwhile as part of the company’s end of year activities, many staff members were given awards of excellence in different categories for 2023/24 financial year. Amongst them were Lasisi Abiodun, Best Pharma Delegate, Lawal Abubskar, Best Medical Delegate, Ruth Adesua Adewoye, Best Regional Manager Pharma, Ganiyu Lateef, Best CVD Delegate, Mercy Omoji, Best Regional Manager, Consumer, Uzuma Pascal, Best Zonal Manager, (Global) and Juliet Ngozi Edward, Best Consumer Delegate Global . Winners in other categories included Sandeep Sahu, Folorunso Alaran, Emeka Adimoha, Chiuba Nwaosu among others.

 

Shalina Healthcare which began its business in Africa in DR Congo in 1984 made entry to Nigeria 25years ago. It currently has about 2500 staffs globally out of whom 2000 are in Africa.

 

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Kano court affirms Ganduje’s suspension

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The Kano State High Court has granted an ex parte order restraining the National Chairman of the All Progressives Congress, Abdullahi Ganduje, from parading himself as a member of the party.

Subsequently, the court ordered that henceforth, Ganduje should desist from presiding over all affairs of the National Working Committee of the APC.

The application granted by Justice Usman Na’abba on Tuesday followed an ex parte motion filed by Dr. Ibrahim Sa’ad on behalf of two executive members of Ganduje’s ward, Dawakin-Tofa Local Government Area, the Assistant Secretary, Laminu Sani and Legal Adviser, Haladu Gwanjo (plaintiffs), who were part of the nine ward executives who suspended Ganduje on Monday.

The court directed the four parties (respondents) joined in the matter, including the APC, NWC, APC Kano State Working Committee, and Ganduje, to henceforth, maintain status quo ante belum as of April 15, 2024, pending the hearing and determination of the substantive suit on April 30, 2024.

Justice Na’abba, also held as prayed, stopped State Working Committee APC Kano from interfering with the legally and validly considered decision of executives of Ganduje ward, essentially on action endorsed by a two-thirds majority of the executives as provided by the party constitution.

The ex parte order read,, “An order is hereby granted directing all parties in the suit APC (first), APC National Working Committee (second), Kano State Working Committee APC (third), Dr. Abdullah Umar Ganduje (fourth), to maintain status quo ante belum as of April 15, 2024.

”The order thereby restraining the first respondent (APC) from recognising the fourth respondent (Ganduje) as a member of APC and prohibiting the fourth respondent (Ganduje) from presiding over any affairs of the NWC and restraining the state Working Committee from interfering with the legally and validly decision of the ward executives of Ganduje ward.

“That the fourth respondent (Ganduje) is prohibited from parading himself as a member of APC or doing any act that may portray him or seem to be a member of APC pending the hearing and determination of the substantive suit.”

Nine members of the Ganduje ward proclaimed the suspension of the National Chairman of the APC over the allegation of corruption slammed on him by the Kano State Government.

The nine APC executives said they were prompted to act following a petition written by one Ja’afaru Adamu, a member of the APC from the National Chairman’s polling unit.

In the petition, Adamu complained over allegations of corruption charges against the former governor just as he urged the ward leaders to investigate the matter to redeem the dented image of the party and the implication on President Bola Tinubu’s fight against corruption.

Although the chairman and secretary of the ward failed to act on the petition filed on April 8, 2024, nine members of the executives, led by the legal adviser, acted upon the petition, a decision that led to Ganduje’s suspension.

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