Nigeria To Depend Less On Oil - Buhari

President Muhammadu Buhari has said that Nigeria would develop its manufacturing and agricultural sectors to create jobs, combat insecurity and reduce dependence on oil.

His words ;
"Our government came into office at a time when many people had abandoned the country's manufacturing, agricultural and mining sectors."

"We are doing our utmost best to encourage diversification into these sectors which can employ a lot of people and we will welcome your support in this regard."

"Ultimately, reducing unemployment will also help to improve security because unemployment and insecurity are inseparable."

President Buhari spoke on Monday while receiving a delegation of 50 French companies and businessmen in Abuja. He urged them to take advantage of Nigeria's favorable business environment.

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Buhari’s Anti-corruption War Good For Business - Dangote

Africa's richest man and President of Dangote Group, Alhaji Aliko Dangote is confident that Nigeria will survive the oil price crash that has decimated government revenues if it sustains its fight against corruption.

According to a press release from the company on Monday, Dangote spoke at the Financial Times Africa Summit in London, where he maintained that Africa’s most populous country would grow.

He said,
“Nigeria’s GDP won’t stagnate and we will have a short term shock but people should remember the Nigerian economy is resilient and huge.”

He said that if the government of President Muhammadu Buhari continued its crackdown on corruption, the near 50 per cent oil price slump in the past year would be mitigated.

“The government has also suffered a lot of leakages; when oil was $100 a barrel we weren’t seeing all that revenue collected. If the government collects all its taxes and duties, I think we will be okay. We will not have as much as we had before but it will be okay.”

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End Of Importation of Petroleum Products Imminent - Buhari

President Muhammadu Buhari has said that the importation of refined petroleum products will end soon, along with the corruption that goes with it.

This was contained in Buhari's independence day message to the country on October 1st.

He said that preliminary steps have been taken to sanitize NNPC, improve its operations and reduce inefficiency and corruption to the barest minimum. His words ;

“Those of our refineries which can be serviced and brought back into partial production would be enabled to resume operations so that the whole sordid business of exporting crude and importing finished products in dubious transactions could be stopped.”

He noted that the supply of petrol and kerosene has improved across the country.

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Dangote Listed Among World's 50 Most Influential People

Founder and Head of Dangote Group, Alhaji Aliko Dangote has been listed by Bloomberg among the world's 50 most influential personalities.

The personalities chosen by Bloomberg Market include business leaders , world leaders and religious leaders. Prominent on the list are, Barak Obama, Angela Merkel and Pope Francis. Dangote is number 41 on the list.

Bloomberg, said that those on the list build companies and assemble fortunes. They shape economies and spread ideas. They control money and wield the clout that goes with the billions of dollars they invest.

On Dangote, Bloomberg said, “Aliko Dangote, founder, Dangote Group, Africa’s most successful businessman built his fortune in sugar, textiles, and cement in his native Nigeria where, today, he’s a political as well as a financial power broker. He’s expanding in other countries and may list his cement company in London."

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Dangote Listed Among World's 50 Most Influential People

Founder and Head of Dangote Group, Alhaji Aliko Dangote has been listed by Bloomberg among the world's 50 most influential personalities.

The personalities chosen by Bloomberg Market include business leaders , world leaders and religious leaders. Prominent on the list are, Barak Obama, Angela Merkel and Pope Francis. Dangote is number 41 on the list.

Bloomberg, said that those on the list build companies and assemble fortunes. They shape economies and spread ideas. They control money and wield the clout that goes with the billions of dollars they invest.

On Dangote, Bloomberg said, “Aliko Dangote, founder, Dangote Group, Africa’s most successful businessman built his fortune in sugar, textiles, and cement in his native Nigeria where, today, he’s a political as well as a financial power broker. He’s expanding in other countries and may list his cement company in London."

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Diezani's Mother In Court

Former Petroleum Minister under Goodluck Jonathan, Mrs Diezani Alison-Madueke did not appear in court on Monday as widely speculated. She had been expected to be arraigned at
Westminster Magistrates Court10, in the United Kingdom.

However, it was her mother, Mrs Beatrice Agama and a certain
Melanie Spencer who were in court. The court seized £5000 and $2000 from Mrs Agama and £10,000 from Spencer.

Also, an application for detention of cash seized under the Proceeds of Crime Act was made against Diezani who was arrested last Friday in UK by Serious Organised Crime Agency (SOCA) on allegations of bribery and corruption.

Consequently, the Westminster Magistrates Court10, London ordered a seizure of £27,000 from Diezani Alison-Madueke till April 2016.

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Mayor Of London To Lead Business Delegation To Nigeria

The Lord Mayor of the City of London, Alderman Yarrow will be leading a business delegation to Abuja on Tuesday and Lagos on Wednesday and Thursday as part of efforts to keep London and the United Kingdom the regional partners of choice in financial and professional services. 

In his capacity as the ambassador for UK's financial and professional services, the Lord Mayor will be meeting with
senior members of the government, Central Bank officials, investment authorities, regulators and business leaders.

In a statement he issued on Monday, Joe Abuku, spokesman for the UK High Commission
said Yarrow would also host a round-table with Nigerian regulators on closer collaboration between the UK and Nigeria on capital markets.

According to the statement, Yarrow will witness the signing of a Memorandum of Understanding between the Chartered Institute of Securities and Investment and the Chartered Institute of Bankers at an ‘Integrity at Work’ seminar.
He will also visit the Lagos light rail project.

Looking forward to the trip, Yarrow is quoted to have said, “There is a truly a burgeoning bilateral trade relationship between the UK and Nigeria. The more that we work closer with Nigeria, the richer this relationship will become.

“Investment by British companies in crucial Nigerian assets such as infrastructure, legal services, schools, renewables and project management will not only provide UK firms with challenging and interesting work but will also help foster next generation of Nigerian entrepreneurs.

“I am hoping that my visit will help cement the strong commercial and economic ties between our two countries.”

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