News
Buhari Arrives London, Ahead Of UK-Africa Investment Summit
President Muhammadu Buhari has on Saturday morning arrived London, ahead of UK-Africa Investment Summit.
Recall that Buhari on Friday, January 17, departed Nigeria for London to participate in the inaugural UK-Africa investment summit.
It was gathered that the summit is scheduled to hold on Monday, January 20 and will provide Nigeria with the opportunity to project itself as a leading investment destination for new industries.
In a statement by Femi Adesina, Presidential spokesman, the summit is organized by top World Businessmen “to create new partnerships that will deliver more investments and jobs” in Africa and the UK.
“Apart from highlighting new perspectives on UK-Africa Partnership for Prosperity, issues of Sustainable Finance and Infrastructure; Trade and Investment; Future African Growth Sectors and Clean Energy and Climate,
are expected to dominate presentations and discussions during the Summit.
“With the expected take-off of the African Continental Free Trade Area, AfCFTA, in mid-2020, the London investment summit will provide Nigeria with the opportunity to project itself as a leading investment destination for new industries,” he said in a statement.
The event is expected to bring together African leaders, international business chief executives and heads of international organisations with a view to creating new partnerships that will deliver more investments and jobs to the benefit of people and businesses in African countries and the United Kingdom.
Governors Okezie Ikpeazu of Abia and Inuwa Yahaya of Gombe are on the entourage of the President.
News
Electricity, telecom tariffs increase unconscionable, should be stopped – Shehu Sani
Former lawmaker, Senator Shehu Sani, has described the planned increase in electricity and telecom tariffs as unconscionable.
The statement comes after the telecoms regulator last week approved the increase in mobile tariffs.
The federal government also recently said that plans were ongoing to increase electricity tariffs “over the next few months.”
However, Sani, who said the government’s plan is unreasonable, insisted that it should be halted.
The ex-lawmaker also expressed his support for the Nigeria Labour Congress (NLC) over the scheduled protest against the government’s proposal, calling it a welcome development.
“The planned increase in electricity tariffs in the midst of poor power supply and the proposal to increase telecom tariffs is unconscionable and should be halted. The scheduled labour union protest is a welcome development,” he posted on X.
News
Trump to cut off funding to South Africa, gives reason
The United States President, Donald Trump, has revealed his decision to cut off all future funding to South Africa, citing poor treatment of “certain classes of people.”
Trump made this known on Sunday in a post on Truth Social, his social media platform.
According to Trump, South Africa was seizing land and mistreating some citizens without concern for the violations of their rights.
“South Africa is confiscating land and treating certain classes of people VERY BADLY.
“I will be cutting off all future funding to South Africa until a full investigation of this situation has been completed!” Trump wrote.
Reports suggest that the American leader may be defending White South Africans, some of whom have alleged that the South African policy is unfair to them.
News
Telecoms tariff hike: Nigerian govt in last-minute move to avert NLC shutdown
There are indications that the federal government will on Monday meet with the Nigeria Labour Congress, NLC, to stop the planned Tuesday nationwide protest against the 50 percent telecommunications tariff hike.
A reliable source familiar with the matter, who preferred anonymity, disclosed this on Monday morning, noting that the meeting between the NLC leadership and the federal government is scheduled for 5 p.m. on Monday.
The source said the meeting was a “dialogue on matters of national interest as it affects Nigerian workers.”
According to the source, it will be an inter-ministerial meeting with the Secretary to the Government of the Federation (SGF), purposely to resolve issues raised by the NLC concerning the federal government’s approved upward adjustment to telecommunications tariffs, which the NLC, its allies, and others are vehemently opposing.
This comes as the NLC is already mobilizing workers for a mass protest tomorrow (February 4) against the 50 percent tariff hike approval.
On Thursday last week, in a letter to affiliate unions and state councils, NLC General Secretary Emma Ugboaja urged them to mobilize other Nigerians to send a serious message to the government.
The planned protest follows the 50 percent telecom tariff approval by the Nigerian Communications Commission (NCC) on January 20, 2025.
The approval had sparked widespread rejection among telecom subscribers.
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