President Bola Ahmed Tinubu, on Tuesday, arrived in New Delhi to the immediate embrace of Gopichand Hinduja, the Chairman and CEO of the Hinduja Group of Companies, a conglomerate with a total asset portfolio exceeding $100 billion U.S. Dollars.
The Indian Industrialist was received by the President within 90 minutes of the President’s arrival in India for a meeting, which began around 8:00 pm local time.
Naija News reports that this was made known in a statement on Tuesday by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale.
Accompanied to the meeting by Nigeria’s Ministers of Finance, Trade & Industry, and Foreign Affairs, the President made it clear to his first visitor that he is in India with one focus: attracting investments to Nigeria with lucrative opportunities for investors, but most essentially, jobs for Nigerians and new revenue opportunities for Nigeria’s federal and sub-national governments.
Tinubu assured: “We are here for business. I am here to personally assure our friends and investors that there is no bottleneck that I will not break. Nigeria will become one of the most conducive places on earth to make good profits and create lasting jobs. With my support, nothing is standing in your way of enjoying the unrivalled opportunities presented by our massive market and the ingenious & hardworking nature of the Nigerian people. We are open for business.”
The Hinduja Group Chairman told the President that he was a living witness to his landmark effort as Governor of Lagos in turning a coastal erosion and water encroachment crisis into a massive free trade zone where industry now thrives.
This, he said, was partially responsible for his excitement to partner with Nigeria’s new President to create win-win prosperity for Nigeria’s talented population.
“We believe in you as a leader who has done this before. You know what the challenges are. You know how to fix them. We are going to make investments into the billions of dollars under your leadership because we see you are already addressing the systemic problems. I am ready now to sign an MoU and to begin execution. You tell me who to liaise with and we will get to work immediately, particularly concerning bus and automobile manufacturing in Nigeria, amongst other areas,” the Industrialist enthusiastically stated.
Responding, Tinubu said: “Ministers of Trade and Finance, the two of you will follow this up immediately and you will draw up the terms to the satisfaction of both parties. If there are any issues at all which require my intervention, they must be brought to my attention immediately.”
After the President assigned the task of agreeing to the two Ministers in collaboration with Hinduja Group Executives, who were present in the room, the industrialist could not hide his excitement.
“I have had paperwork stalled in Nigerian bureaucracy for over one year, especially in FCT, but I knew that you would be purpose-driven in this endeavour and God will help you to turn Nigeria’s rich promise into a rich reality for all of its citizens,” the Indian Billionaire concluded
BREAKING: Fuel Subsidy is Organised Crime – Peter Obi Declares
The presidential candidate of the Labour Party in the 2023 election, Peter Obi, has described fuel subsidy as an organised crime.
POLITICS NIGERIA reports that Obi made the statement on Monday while speaking on Arise TV’s ‘The Morning Show’ on what approach he would have taken differently in resolving the looming strike by the Nigeria Labour Congress and Trade Union Congress.
“Fuel subsidy is organised crime. I said it repeatedly that it should be removed,” Obi said. “For me, the approach would have been, is to remove the corruption and criminal side of it and remove the excess demand.”
“By doing this, you would have reduced it by 50 per cent. The remaining 50 per cent is what we would have been able to, after consultation with various stakeholders in order to find a way in an organised manner, remove and show the proceed of the gains of the removal to be invested in critical development areas.”
Obi, the former governor of Anambra State, is known for vocal criticism of the Tinubu-led government, especially in managing public finances. He had pledged to remove fuel subsidy and invest the proceeds in critical development areas, such as education, healthcare, and infrastructure, if elected president.
He lost the 2023 election to President Bola Tinubu
BREAKING: Jubilation across Nigeria as BUA Reduces Price Of Cement To N3,500
One of the major companies in Nigeria, BUA Group , has announced a reduction of ex-factory cement price to N3,500 per bag.
The company, which made this known in a statement on Sunday, said the reduction will take effect from 2 October, 2023.
The statement titled : ‘BUA Cement reduces ex-factory cement prices to N3,500/bag effective October 2, 2023’, reads in full :
“We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.
As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward. As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.
Upon completion of the ongoing construction of our new plants, which would increase our production volumes to 17million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.
NOTE: all pending, undelivered orders which had been paid for at the old prices will be reviewed downwards to N3500/bag in line with the new pricing from October 2, 2023. Our licensed dealers are also enjoined to ensure that end-users benefit from this reduction in ex-factory prices as we will monitor field sales to ensure compliance
Oyetola @69th: Your Adventure is a Remarkable Milestone. – Hon Taiwo Oluga
A member of the 9th Assembly of the House of Representatives, Hon Taiwo Oluga has felicitated with the Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola on his 69th birthday describing his adventure so far as very impactful and remarkable milestone.
In message personally signed by her, the former legislator described Mr Oyetola as a compassionate, humble, urbane and civil democrat-politician, whose cool, calm and collected disposition added tremendous values to his community, his associates and now Nigeria as a country.
Hon Oluga pointed out that the Minister is a man of impeccable character and high integrity,both in private and public spheres as evidenced by accounts of those who had worked with him for over three decades in the insurance sector and about two decades in governance and public service.
The message reads, ” Dear Hon Minister and leader of our party in Osun State, your adventure in the last 69th years and your service in both public and private spheres speak volume of the depth of your character and integrity. As a gentleman with unassuming candour, you achieve unimaginable results in everything you touch. Your are a leader who is indeed worthy of emulation “.
The Frontline politician who represented Ayedaade/Irewole/Isokan Federal Constituency of Osun State also seize the opportunity to express confidence in Oyetola’s capacity to transform the Blue Economy as a pioneer executive of the Ministry, considering his ingenuity in managing Osun State when the state’s finance was at zero level.
“Your pivotal role in advancing policies for sustainable marine and blue economy practices is crucial and I am confident of your commitment to environmental conservation and the development of maritime resources which will contribute significantly to the growth of the marine sector, promoting economic opportunities and safeguarding marine ecosystems.”
Hon Taiwo Oluga praised the minister’s efforts in fostering collaborations with international partners to enhance maritime security and explore avenues for sustainable blue growth, a development which she noted was demonstrated by the Minister’s meeting with Professor Gunter Pauli, the creator of Blue Economy worldwide.
Reflecting on Oyetola’s accomplishments, particularly as the Governor of Osun State, Hon Taiwo Oluga highlighted specific milestones achieved under his leadership, such as the introduction of contractor financing scheme for capital projects, through which the Olaiya flyover was constructed, security of live and property, commerce, workers welfare including regular payment of salary, blocking of revenue loopholes, running a minus federal allocation state without borrowing a dine among others.
Honoring the minister not only for his professional achievements but also for his personal qualities, Hon Oluga applauded Oyetola’s resilience, vision, and dedication to public service.
Hon Taiwo Oluga prayed God to grant Mr Adegboyega Oyetola the grace of good health and wisdom to live a more impactful life in his service to God, to Nigeria, Osun State and mankind in general.
General1 week ago
FG Declares Wednesday Public Holiday
Education4 weeks ago
Comprehensive List of Courses at University of Ilesa
Economy3 weeks ago
Abuja MOU: Oyetola rounds off council of ministers’ meeting in Abidjan
General2 weeks ago
Governor Adeleke Declares Curfew in Orolu & Irepodun LGs
General4 weeks ago
Atiku to Saraki: Account for 2023 campaign funds”
Entertainment1 week ago
‘This Is Pure Evil’ – Mary Njoku frown at Those requesting DNA Test From Mohbad’s Wife
General2 weeks ago
President Tinubu Departs New York After Attending UN General Assembly Meeting
General2 weeks ago
Oluwo tackles Obasanjo for ordering Oyo monarchs to stand