Tag: Investment

“Shell commits fresh $20bn investments in Nigeria” – NNPCL GCEO

Aminu Imam
NNPCL spends2

…$7bn already spent By Hassan Faruk The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bashir Bayo Ojulari, has disclosed that Shell Petroleum Development Company has committed to pursuing additional investment opportunities worth about $20 billion in Nigeria over the next couple of years, following renewed investor confidence driven by recent government reforms. Ojulari made the disclosure while explaining to State House correspondents the substance of a proposal presented to President Bola Ahmed Tinubu, highlighting the impact of the Executive Orders issued in 2025…

Read More

Northern Elders rally for $10bn regional investment

Aminu Imam
Northern elders rally for investment

…As ACF reaffirms neutrality ahead of 2027 Northern Nigeria’s two foremost socio-political blocs — the Northern Elders Forum (NEF) and the Arewa Consultative Forum (ACF) — have taken significant steps to reposition the region, with one focusing on economic revival and the other reinforcing political neutrality ahead of the 2027 general elections. At the just-concluded Northern Nigeria Investment and Industrialisation Summit (NNIIS) in Abuja, the NEF announced the creation of the Northern Nigeria Economic Development Council (NNEDC) — a new institution tasked with driving industrialisation, harmonising policy, and attracting investment…

Read More

H’Reps to probe $2bn renewable energy investment

Aminu Imam
H'Reps probe

The House of Representatives Committee on Renewable Energy has invited stakeholders to an investigative hearing on the $2bn renewable energy grants and investments in Nigeria. According to the Committee, the investment has not had a proportional impact on the nation’s energy security challenges. Recall that in July 2024, President Bola Tinubu disclosed at the ‘Africa Natural Resource and Energy Investment Summit’, which was held in Nigeria, that the nation had attracted over $2bn of investment in the sector in the past decade. Scheduled for tomorrow, Tuesday and Wednesday, the investigative…

Read More

Nigeria eyes $172bn investment in mining, agriculture, others

Aminu Imam
Nigeria investments

A multi-national company, Nigeria Backbone Infrastructure Limited, (NBIL), has announced its intention to invest $172billion to develop various infrastructure sectors in the country. This investment, utilising alternative financing options, will be allocated to mineral resources, energy, agriculture, housing, and transportation sectors for the next 22 years, a statement by the company said yesterday. The administration of President Bola Tinubu has openly reaffirmed its commitment to enhancing foreign direct investment (FDI) inflows into the country, while also promoting alternative financing for the construction of essential infrastructure projects. Recall that last year,…

Read More

ABU advocates investment in nuclear science for agric, medicine, says best brains run abroad

Abdul-Azeez Ahmed Kadir

The Ahmadu Bello University (ABU) Zaria has advocated for more investment in education at national and sub-national levels to harness the potentials in nuclear science to agriculture, medicine and other aspects of human endeavour. Professor Kabiru Bala, the Vice-Chancellor of ABU, made the appeal on Friday in Zaria during the 16th Annual General Assembly and other homecoming event 2023, organised by the ABU Alumni Association. Bala said ABU was the only university in Nigeria to have a nuclear reactor which was reduced from high enriched core to low enriched core…

Read More