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G7 partners pledges $420-million-dollar investments for Africa as Nigeria positions

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Leaders of the Group of 7(G7) countries held a meeting with Italian and United States private sector representatives resulting in a $420-million-dollar investment commitment towards African countries.

This was disclosed in a statement published on Thursday, on the website of the government of Italy, the current host of the ongoing 50th G7 summit.

Tagged “G7 Partnership for Global Infrastructure and Investment Side Event Co-Chair Statement”, the statement revealed the G7 co-chairs welcomed the commitments of $100 million and $320 million by partners, aimed at meeting the infrastructure and development needs of Africa through private sector engagement.

Global Infrastructure Investment
Nigeria is strategically positioned to benefit from the commitments made at the G7 summit.

The G7 is an informal association of seven of the world’s advanced economies(Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the European Union), most of whom were Nigeria’s biggest trading partners in Q1, 2024.

According to data from NBS and Naralytics, France, US, Canada, and Italy were Nigeria’s top ten export trading partners in Q1, 2024.

These G7 leaders agreed to support flagship projects to develop transformative economic corridors for quality infrastructure and investments, touching Africa, the Middle East and Europe.

It stated that a coalition of U.S. investors highlighted and committed new billions of dollars in private investment in scaled infrastructure in emerging markets as a way of supporting the G7’s Partnership for Global Infrastructure and Investment (PGII) topline goal of mobilizing $600 billion in infrastructure investment in emerging economies.

The statement partly reads,

“Today, Italy joined U.S. and EU efforts to promote sustainable development along the Lobito Corridor – committing to strengthen collaboration and mobilize an additional aggregate contribution of up to $320 million in investment in support of the core rail infrastructure and of the related side projects, with a view to additionally creating synergies with AGIA (Alliance for Green Infrastructure in Africa).

“The Co-chairs welcomed the Africa Green Industrialization Initiative (AGII) as a key platform for collaboration on infrastructure investment in Africa and celebrated the Global Energy Alliance for People and Planet (GEAPP) commitment of up to $100 million in philanthropic catalytic investment capital to unlock an additional $1 billion in private finance.”

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Police arrest ‘Boko Haram’s weapon instructor’, recover ammunition

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September 19, 2024

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The Nigeria Police Force (NPF) says its operatives have arrested Taimako Mato, a suspected weapon handling instructor for the Boko Haram terrorist group, and four others for alleged gunrunning.

The four other suspects are John Danladi, Mohammed Munkail, Manasseh William, and Muhammadu Haddi.
In a statement on Tuesday, Muyiwa Adejobi, the force spokesperson, said the suspects are members of a gunrunning syndicate operating in Bauchi and Plateau states.

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FORCE REORGANIZATION: IGP ORDERS REDEPLOYMENT OF CPs RIVERS, DELTA, FCT.

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September 19, 2024

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Charging officers to curb insecurity, misconduct.

The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, PhD., NPM., in an effort to strategically emplace a Police Force well efficient for effective policing, has ordered the immediate redeployment of the Commissioners of Police of Rivers State Command, Delta State Command and the Federal Capital territory.

Ekwutosblog reports that the  order covers the redeployment of the CP Rivers State Command, CP Olatunji Disu as the new CP FCT; CP Delta State Command, CP Abaniwonda Olufemi as the new CP Rivers State Command and CP FCT, CP Peter Opara as the new CP Delta State.

In addition, following the approval of the Police Service Commission, the Inspector-General of Police has also deployed four (4) CPs as Commissioners of Police for Abia, Lagos, Ebonyi, and Akwa-Ibom State Commands. The deployment includes the posting of CP Danladi Nda to Abia State Command; CP Olanrewaju Ishola Olawale to Lagos State Command; CP Anthonia Adaku Uche-Anya, fdc to Ebonyi State Command and CP Festus Eribo to Akwa-Ibom State Command.

The posting of these strategic managers reflects the mission of the Inspector-General of Police to strategically reposition the Police Force and ensure maximum utilization of human resources available to the Force. The IGP has, however, urged the new CPs of State Commands to ensure diligence in the discharge of their lawful duties and adopt innovations that could mitigate security challenges in their respective areas of responsibilty. He further encouraged them to key into the police reform plans, which will help the progress of the Nigeria Police Force and the growth of the country in general.

This statement was made public by ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI
FORCE PUBLIC RELATIONS OFFICER,
FORCE HEADQUARTERS,
ABUJA.

19TH SEPTEMBER 2024.

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EFCC Arrests 10 Suspected Internet Fraudster in Abuja

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September 19, 2024

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The operatives of the Economic and Financial Crimes Commission, EFCC on Wednesday, September 18, 2024 arrested 10 suspected internet fraudsters in Abuja.
The suspects were arrested in a pre-dawn operation at the River Park Estate in Lugbe area of the Federal Capital Territory, Abuja.

Items recovered from them include a Range Rover, two Lexus cars, a Toyota Camry, laptop computers and iPhones.

They will be charged to court as soon as investigations are concluded.

Visit www.efcc.gov.ng for more stories

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