Featured

Nigerian Laws Supportive of Investment – Malami

Published

3 years ago

November 21, 2022

By Abdulateef Bamgbose

Nigerian Laws provide one of the best legal protection for foreign investors in the world, Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN has said.

Malami made the assertion as he received the leadership of the Rice Farmers’ Association of Nigeria (RIFAN) together with the visiting delegation from Egypt National Service Project Authority (NSPA), Cairo led by the Egyptian ambassador Moustafa Awad.

Special Assistant on Media and Public Relations, Office of the Attorney General of the Federation and Minister of Justice, Dr. Umar Jibrilu Gwandu made this known in a statement issued to newsmen in Abuja.

According to the statement, Malami said the 1999 Constitution of the Federal Republic of Nigeria gives protection to all investors; citizens and foreigners alike against any form of exploitations noting that foreigners are allowed to register and incorporate companies under the Companies and Allied Matters Act, 2020.

The Minister appreciated members of the Rice Farmers Association of Nigeria (RIFAN) and Egyptian National Service Projects Authority’s delegation to Nigeria, on the investment drive to boost food security and enhancing economic fortunes of the two nations.

Malami stated that under the Nigerian Investment Promotion Act, investors are allowed to invest and participate in the operation of any legal enterprise approved by the law.

The Attorney General of the Federation expressed optimism on the project and notified the Egyptian delegation that the Government of President Muhammadu Buhari, has been unparalleled in its commitment towards making Nigeria a haven for investment through infrastructural development, foreign direct investment and ease of doing business initiatives.

Malami reiterated the Buhari-led administration’s commitment to protection and promotion of the inalienable fundamental human rights to life, liberty including right to own property among others.

The Minister assured the delegation that they have absolutely nothing to fear in their choice of investing in the Nigerian Rice Sector, informing them that the Nigerian Laws, her Justice Administration institutions and systems guaranteed protection of such investments.

The Minister emphasized the fact that the African Continental Free Trade Area Agreement (AfCFTA) was expected to progressively eliminate tariffs on intra-Africa trade, making it easier for African businesses to trade within the continent and benefit from the growing African market.

In their separate remarks, the Head of National Service Project Authority (NSPA), Cairo, General Walid Yehia Soliman Morsy and the Egyptian ambassador Moustafa Awad noted that Egypt has a long-standing relationship with Nigeria hoping that such mutually beneficial bilateral engagements will continue to make the ties stronger through consolidation economic and trade between the two nations.

Share on Facebook

Featured

Nigeria’s Historic Bid for the 2030 Commonwealth Games: A Call for National and Global Support

Published

7 days ago

September 30, 2025

The Gleamer

Joel Ajayi

Nigeria is poised to make history as it seeks to host the Centenary Commonwealth Games in 2030, a monumental opportunity that promises to transform the nation’s economy, infrastructure, and global standing.

More than a sporting spectacle, the Games would serve as a catalyst for development across multiple sectors, leaving behind a legacy of national pride and sustainable growth.

The benefits of hosting the Games extend far beyond the sports arena. Nigeria stands to gain both empirical and non-empirical advantages, with direct, indirect, and induced impacts that will touch every corner of society. Infrastructural development will take center stage, with new facilities such as indoor sports halls, conference centers, and improved road networks reshaping urban landscapes while strengthening the nation’s capacity to host future international events.

Economic growth is another significant dividend. Over 10,000 jobs are expected to be created, spanning construction, facility management, event planning, and tourism services.

The hospitality industry will undergo major improvements as hotels and resorts are upgraded to meet international standards, while local restaurants, lounges, and tourist attractions will see a surge in patronage from international visitors. Small and medium enterprises, particularly in the transport, finance, and food service sectors, will become some of the greatest beneficiaries, as the Games generate new demand and expand opportunities for local businesses.
The Commonwealth Games will also accelerate the growth of Nigeria’s sports industry.

Investments in training facilities, coaching, and talent development will inspire a new generation of athletes, ensuring long-term benefits that extend beyond 2030, a major focus of the President Bola Tinubu administration.
At the same time, the process of preparing for the Games will create opportunities for Nigerians to learn new crafts, acquire technical skills, and engage in global-standard event management, thereby strengthening human capacity and innovation across industries.

Mallam Shehu Dikko, Chairman of the Nigeria Sports Commission, and Hon. Bukola Olopade, the Director General, have been widely recognized for their tireless and visionary leadership in repositioning Nigeria’s sporting sector.

Their commitment to facilitating infrastructural development and strengthening grassroots sports development has laid the foundation for Nigeria’s bold bid to host the 2030 Commonwealth Games. Under their leadership, the NSC is fostering strategic partnerships and driving innovation in sports administration, they have demonstrated the nation’s readiness to stage an event of such global magnitude.

Beyond the tangible gains, the hosting of the 2030 Commonwealth Games carries profound symbolic value. It would be a moment of unity and pride, a chance for Nigeria to showcase its cultural richness, resilience, and excellence to the world.
As a centenary edition, the Games would stand as a historic milestone not just for the Commonwealth but for Nigeria itself, cementing its place on the global stage as a capable, ambitious, and forward-looking nation.

The gains from hosting the Commonwealth Games can never be undermined or overemphasized. This is Nigeria’s time to step forward and show the world our resilience, and excellence. We call on every Nigerian, across sectors and communities, to support this noble aspiration.

Nigeria’s pursuit of the 2030 Commonwealth Games is a vision for transformation, a blueprint for national development, and a legacy project that will inspire generations to come.

Share on Facebook