“President Tinubu’s Economic Reforms attractng investors across the globe”
JUST IN: “President Tinubu’s Economic Reforms attractng investors across the globe”
The Democratic Front (TDF), A non-Govermental Organisation says plans for an aircraft manufacturing centre in Nigeria is a reflection of the conducive environment for business under the President Bola Tinubu administration.
The TDF Chairman, Danjuma Muhammad said this in a statement.
He noted that the plans for an aircraft manufacturing centre in Nigeria by the government, was a reflection of the conducive business environment being created by the Tinubu-led administration.
He explained that the move was prompted by the new wave of investor-friendly policies put in place by the government.
According to Muhammad, the encouraging results from Tinubu’s economic reforms has attracted the vast interests from investors across the globe and has triggered the plan to establish an aircraft manufacturing plant in the country.
“We consider this as courageous and remarkable against the backdrop of the fact that it was the buoyancy and strength of Nigeria’s economy 45 years ago.
“That attracted the investment instincts of Dornier GMBH of Germany to establish an aircraft manufacturing company in Kaduna, North West Nigeria in 1979.
“Therefore, if a similar investment is being contemplated several years after the Dornier manufacturing facility was forced out of business by economic pressure.
“It then suggests that the economy under Tinubu is on the path of fast recovery and growth,” he said.
Muhammad added that Nigeria’s current economy had greater prospects and capacity to host and sustain a huge investment like an aircraft manufacturing hub.
He said in addition to creating jobs and stimulating the economy, such a centre would create a boom in inflow of foreign exchange in the country.
He added that Nigeria’s capability in technological transfer would also be further enhanced by such centre as it would unlock the nation’s potentials in research and development.
He called on the Minister of Aviation and Aerospace Development, Festus Keyamo to expedite action on the establishment of the aircraft manufacturing centre.
He added that the centre had the potential to foster the growth of a local supply chain, that would also benefit small businesses in Nigeria.
He expressed optimism that when the proposed aircraft manufacturing company was established, the Nigerian aviation sector would be transformed for the greater good of the nation.(NAN)
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President Tinubu returns to Nigeria after Abu Dhabi outing
President Tinubu returns to Nigeria after Abu Dhabi outing
President Bola Tinubu has returned to Nigeria after participating in the 2026 Abu Dhabi Sustainability Week (ADSW 2026).
Presidential spokesperson, Mr Bayo Onanuga, disclosed this in a statement issued on Saturday in Abuja.
The president attended the summit alongside some members of his cabinet.
On the sidelines of the summit, Nigeria signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE).
The agreement is aimed at deepening economic cooperation, boosting bilateral trade and investment, and enhancing technology transfer.
It will also expand collaboration in key sectors, including energy, infrastructure, agriculture, mining and renewable energy.
In his address at the summit, Tinubu announced that Nigeria and the UAE would jointly host INVESTOPIA in Lagos in February.
The initiative is designed to attract global investors and accelerate sustainable investment inflows into Nigeria.
Tinubu also said Nigeria targets mobilising up to $30 billion annually in climate and green industrial finance.
He said the funds would support energy transition reforms and expand nationwide access to electricity. (NAN)
News
APC clears air on receiving letter of defection from another State Governor
APC clears air on receiving letter of defection from another State Governor
The Zamfara chapter of the All Progressives Congress (APC) has denied receiving a letter from Gov. Dauda Lawal seeking to defect to the party.
The News Agency of Nigeria (NAN) reports that there were speculations across the state over Lawal’s move to defect to APC.
A statement issued in Gusau on Saturday by the state APC Publicity Secretary, Malam Yusuf Idris, described the speculations as fabricated.
“The party came across a fabricated report purported to have emanated from one Tambarin Gusau claiming that Go Dauda Lawal has sent a letter to the party wanting to join the APC.
“The report is malicious, unfortunate, unfounded, mischievous and showed the unprofessional manner which some people can go in misleading others and causing chaos in a stable and a peaceful party like the APC.
“The APC has responsible channels where everything is done in a guided manner,” Idris said.
According to him, the party has not received any letter from Lawal as claimed through the imagination of the writer nor was the party aware of any recent moves by the governor to defect from the PDP to the APC.
“All members of the party and indeed the public especially in Zamfara should therefore disregard such report.,” Idris added.(NAN)
News
282 Passengers safe as plane makes emergency landing in Lagos
282 Passengers safe as plane makes emergency landing in Lagos
A Qatar Airways passenger plane on Friday made an emergency landing at the Murtala Mohammed International Airport in Lagos after developing a technical fault mid-flight.
The aircraft, which had 248 passengers and 12 crew members on board, was forced to land abruptly after the malfunction was detected while it was operating within Nigerian airspace.
The Lagos State Emergency Management Agency (LASEMA) confirmed the incident in a statement released by its Permanent Secretary, Dr. Olufemi Oke-Osanyintolu.
According to him, the agency was alerted to the situation through its 767 and 112 toll-free emergency lines, prompting an immediate response from emergency officials.
He explained that upon receiving the distress call, the LASEMA Response Team (LRT) was swiftly deployed to the airport to assess the situation and provide necessary support.
“Upon arrival at the scene, the LASEMA Response Team confirmed that the aircraft was in distress,” the statement noted.
“The pilot executed a safe landing on the runway at Murtala Mohammed International Airport with LASEMA Response Team and other emergency responders standing by on extreme high alert on the runway.
“Collaborative efforts of the multi-agency responders were coordinated. After proper check by the pilot and the engineering crew, the aircraft was moved to the apron for detailed inspection and prompt repairs.”
“All passengers of the distressed airplane were evacuated safely; no injuries reported, no loss of lives,” the statement said.
Despite the technical issue and the emergency landing, the agency stated that there was the aircraft experienced no major damage.
“The aircraft has been secured on the apron. Recovery activities have been completed,” the statement added.
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