In Sweden, Shettima Woos Investors to Nigeria's Growing Business Climate Gluwa to invest $100m, others commit to multi-million dollar tech hubs, MSMEs, agriculture
Deji Elumoye in Abuja
Several investors from Sweden,
yesterday, expressed their commitment to investments and partnerships worth millions of dollars in Nigeria's
digital economy, health and other critical sectors as part of the foreign investment drive of the administration
of President Bola Ahmed Tinubu, which got another significant boost. This followed Vice-President
Kashim Shettima's assurance to global investors at a business meeting with Swedish businesses in Stockholm
that they could now take unfettered Continued on page 5
Dangote’s Wealth Doubles to $28bn on New 650,000 bpd Oil Refinery...
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Sanwo-Olu, Anyaoku, Family, Others Extol Iwuanyanwu’s Virtues at Tributes' Night Governor of Lagos State, Mr. Babajide Sanwo-Olu (left); Deputy Leader, Afenifere, Oba Dipo Olaitan (second left); former Secretary-General of Commonwealth, Chief Emeka Anyaoku (third left); former Governor of Ogun State, Otunba Olusegun Osoba (Fourth left); Rtd. Commodore Ebitu Ukiwe (fourth right) and family of the deceased during the service of songs for late President-General of Ohanaeze N'digbo Worldwide, Chief Emmanuel Iwuanyanwu at the Eko Hotel and Suites, Victoria Island on Wednesday
Governor Babajide Sanwo-Olu of Lagos State and other dignitaries, which included former SecretaryGeneral of the Commonwealth, Chief Emeka Anyaoku and retired Prelate of the Methodist Church Nigeria, Dr. Samuel Kalu Uche, have paid Continued on page 5
World Bank to FG: Conduct Audit to Reconcile What NNPC Owes Federation
Global bank seeks improved reporting of oil revenues to FAAC Says reforms challenging but crucial for nation’s long-term stability 12m more Nigerians may slip into poverty, bank projects Edun: PMS now fully deregulated after 40 years Bala Mohammed: Economic reforms not working, Nigerians may lynch us Ndubuisi Francis, Emmanuel Addeh in Abuja and Nume Ekeghe in Lagos
The World Bank yesterday urged the federal government to carry out an audit to reconcile what the Nigerian National Petroleum Company Limited (NNPC) is owing the Federation as part of overall measures to sustain and deepen the current economic reforms. It also called for improved reporting of oil revenues to the Federation Account Allocation Committee ((FAAC) as well as the maintenance of a market-reflective price on Premium Motor Spirit (PMS). These were contained in the latest Nigeria Development Update (NDU) report, which was launched by the World Bank in Abuja. In the report titled: “Staying the Course: Progress Amid Pressing L-R: The Deputy Governor (Economic Policy), Central Bank of Nigeria (CBN), Mr. Muhammad Sani Abdullahi; CBN Governor, Mr. Olayemi Cardoso; the Chairman/Chief Executive Officer of JPMorgan Chase & Co., Continued on page 5 James Dimon; and the Deputy Governor (Operations), CBN, Ms. Emem Usoro, when Mr. Dimon led a team from JPMorgan Chase & Co on a strategic visit to the head office of the CBN, in Abuja, on Wednesday
STRATEGIC ENGAGEMENT...