G7 Leaders Pledge $420m Investments in Nigeria, Other African Countries Adesina says resource-backed loans a 'disaster for Africa'
Emmanuel Addeh in Abuja
Leaders of the G7, an informal
association of seven of the world’s advanced economies and some of Nigeria’s biggest trading
partners, have pledged a $420 million investment commitment to boost infrastructure in Africa.
The G7 countries include: Canada, France, Germany, Italy, Japan, the United Kingdom, and
the United States, as well as the European Union (EU). Rising from its 50th summit
in Italy, tagged: “G7 Partnership Continued on page 5
FG Declares Monday, Tuesday Public Holidays for Eid-ul-Adha Celebration...
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Burna Boy Sets New Highest-grossing Tour Record for African Artist in Canada...
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Kano Governor Ordering Arrest of Emir Bayero Violated His Fundamental Rights, Court Holds Awards N10m damages against state Set to rule on motion seeking nullification of Kano emirates law June 20
Ahmad Sorondinki in Kano A Federal High Court sitting in Kano has fined the Kano State
Government N10 million for breaching the 15th Emir of Kano, Aminu Bayero’s fundamental human rights.
Equally, the court has fixed June 20th 2024, to rule on a motion filed by the Counsel of Aminu Babba Dan'agundi, seeking nullification of
the Kano emirates council (repeal) law 2024. In the case with suit number FHC/KN/CS/190/2024, in which
the deposed Emir Bayero is the applicants, the 10 respondents in the case include the Attorney General of the Federation, Attorney
General of Kano State, Nigeria Police Force, Inspector General of Police, Continued on page 5
FG, Afreximbank Seal $3bn Deal to Boost Industrialisation, CNG, Others Partnership to attract $2bn investments, create 20,000 jobs
James Emejo in Abuja The federal government yesterday signed a Memorandum of Understanding (MoU) with Afreximbank to establish a $3 billion Nigeria Industrialisation Financing Facility for an industrial park and light manufacturing. Minister of Industry, Trade and Investment, Dr. Doris Udoka-Anite, signed on behalf of the country on the sidelines of the ongoing Afreximbank Annual Meetings (AAM) 2024 in Nassau, The Bahamas. The deal is expected to lead to the creation of special economic and agro-processing
zones across the country and create 20,000 jobs. The intervention would support the development of an automotive sector as well as the Compressed Natural Gas (CNG) value chain to better enable the automotive and transport sector in the country. The package would further cover the technical and financing support for the diaspora investment fund framework. Furthermore, the agreement also signified the partnership between the ministry, Arise IIP and Afreximbank to revamp Continued on page 5
ALGON President: LGs Can't Pay WELCOME TO LAGOS... Babajide Sanwo-Olu (right) receiving President Bola Tinubu at the Presidential Wing of the Murtala Muhammadu International N62, 000 Minimum Wage... Page 10 Governor Airport, Lagos on Tinubu’s arrival ahead of Sallah celebration…yesterday