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Preside Tinubu Calls For Stronger Partnerships In Manufacturing Sector

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President Bola Tinubu says Nigeria’s investment climate has been bolstered by critical new reforms, with an array of opportunities across sectors for investors.

Speaking during the presentation of a letter of credence by the Ambassador of the Republic of Korea to Nigeria, Vice-Admiral Kim Pan Kyu, at the State House, on Friday, the President said Nigeria is a huge market for Korean products, particularly for Korean goods manufactured and produced in Nigeria, while emphasizing that Nigerian goods will be of great benefit to the Korean market.

Highlighting the favourable economic outlook of the country, President Tinubu invited more South Korean companies to leverage these opportunities by establishing production bases in Nigeria.

”I am glad that you have a very good knowledge of Nigeria and appreciate the role of our country in Africa. Our doors are open for economic opportunities and trade, and I acknowledge that several South Korean companies and products are firmly entrenched in the Nigerian market.

”Nigerians appreciate South Korean technology, and Nigerian products can also be beneficial to South Korean markets. You need to bring more of your companies and manufacturing plants here. We have everything your industries require to excel as we progress over the near-term. We can partner on skill development and the systematic transfer of knowledge to further empower our country’s innovative youth population.

”We have investment opportunities in the solid mineral sector and other areas, and cooperation in these areas will strengthen our bilateral relations,” the President said.

Recounting his fruitful discussions with President Yoon Suk Yeol during the G20 Summit, in New Delhi, in 2023, and their mutual commitment to strengthen cooperation, President Tinubu pledged to build on the outcome of that meeting to further expand bilateral ties.

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He welcomed an invitation from President Yoon to attend the first-ever South Korea-Africa Summit from June 4 to June 5, 2024, in Seoul, South Korea, and directed Nigeria’s Ministry of Foreign Affairs to keep him abreast of the matter.

Ambassador Kim underscored President Tinubu’s pivotal role as the Chairman of ECOWAS Authority of Heads of State and Government and leader of Africa’s largest economy, population, and democracy.

He noted the importance of Nigeria’s participation at the highest level at the Summit to enhance bilateral relations while also creating a future of prosperity for Africa and Korea as genuine partners in progress.

”Your Excellency’s visit to South Korea for the Summit will provide an excellent opportunity to strengthen the relations between the two nations,” the Ambassador said after reading a formal invitation from President Yoon.

Earlier, President Tinubu also received letters of credence from Ambassador Antit Mohsen of Tunisia and High Commissioner Muhali Imbuwa of Zambia.

At the separate events, the President emphasized the need to strengthen African unity and brotherhood that not only creates economic opportunities but also works toward eliminating conflicts across the continent.

Speaking with the High Commissioner of Zambia, the President said African unity and cooperation are important if the continent must overcome perennial conflict.

”We are ready to explore more areas of cooperation that promote African brotherhood and ensure sustainable growth across different sectors and provide economic opportunities for our citizens.

”Our doors are open, and do not hesitate to bring any challenges you may have in the course of your duty to the Ministry of Foreign Affairs,” the President told the Zambian High Commissioner.

In his audience with the Tunisian Ambassador, the President affirmed Nigeria’s willingness to deepen partnership with North African countries toward achieving continental prosperity for all African people.

He declared that Nigeria is open for business like never before and that the international community is taking notice, while investor confidence in the country is returning.

He thanked the Ambassador for acknowledging the progress in the country in the last eleven months of his administration, promising that his government will continue to ensure a memorable and rewarding stay for representatives of foreign governments.

The Tunisian Ambassador said his government welcomes the new vibrancy and determination the President has brought into national leadership since his inauguration on May 29, 2023.

”We welcome the economic reforms and the enhancement of national security in Nigeria under your leadership.

”Because of what we have seen, we are emboldened to collaborate on a new level, particularly in the areas of trade, economy, and defence,” the Tunisian Ambassador said.

 

 

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210 Trillion Scandal:LP Presidential Candidate ,Peter Obi Describes Nigeria as Crime Scene

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Peter Obi, presidential candidate of the Labour Party in the 2023 elections, has described Nigeria as a “crime scene” following revelations of massive financial irregularities in the Nigerian National Petroleum Company (NNPC).

In a statement on Friday, Obi said the Senate’s recent audit findings on the NNPC between 2017 and 2023 revealed “₦210 trillion in financial irregularities,” including “₦103 trillion in so-called ‘accrued expenses’ and ₦107 trillion in unaccounted ‘receivables.’”

“There is no documentation. No accountability. No consequences,” Obi said.

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He noted that Nigeria’s total national budget within the same period amounted to ₦88.01 trillion, which is less than half of the missing or questionable funds.

His words: “This is not just another scandal, it is a clear and damning confirmation of a nation held hostage by monumental corruption.”

Obi described the development as “a criminal institutionalised betrayal of the Nigerian people” and warned that it poses “a grave threat to the future of the society our children will live in.”

“No responsible nation can continue to function like this without confronting this truth.

“This criminality masquerading as governance must be stopped and dismantled for a better Nigeria,” he added.

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Iran Appoints New Chief Of Intelligence After Israel Killed Two Predecessors

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Iran has appointed a new chief of intelligence at its Revolutionary Guards on Thursday, the official Irna news agency says, after his predecessor was killed in an Israeli strike last week.

Major General Mohammad Pakpour, the commander of Iran’s Islamic Revolutionary Guards Corps (IRGC), appointed Brigadier General Majid Khadami as the new head of its intelligence division, Irna says.

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He replaces Mohammed Kazemi, who was killed on Sunday alongside two other Revolutionary Guards officers — Hassan Mohaghegh and Mohsen Bagheri — in an Israeli strike.

Pakpour had himself been recently appointed after Israel killed his predecessor Hossein Salami in a strike on June 13.

“During the years that our martyred commanders Kazemi and Mohaqeq led the IRGC Intelligence, we witnessed significant growth in all aspects of intelligence within the IRGC,” says Pakpour.

Upon his appointment by Iran’s supreme leader Ali Khamenei Friday, Pakpour threatened to open “the gates of hell” in retaliation for Israel’s attacks.

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Stun Gun Scandal: Pastor Adefarasin Faces Criminal Probe Over Viral Video, Says Lagos CP

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The Lagos State Commissioner of Police, Olohundare Jimoh, has confirmed that televangelist Pastor Paul Adefarasin faces criminal charges after pointing a stun gun at another person, an act he said is punishable under Nigerian law even if the device is non-lethal. Jimoh spoke on Channels Television’s Sunrise Daily on Thursday while providing an update on the ongoing probe.

“Nothing is an offence under the law, except what the law states to be an offence,” Jimoh explained. “Even under the Fire Arms Act, if you fashion out anything that is not metal, like wood, and you make it look like a gun, and you use that guise to take possession of property from another person, you have committed armed robbery. So, pointing a stun gun at another individual and sending that threat and fear to such a person at that particular time constitutes an offence. So, the police are doing everything in line with the law.”

According to Jimoh, the stun gun recovered from Adefarasin qualifies as prohibited riot control equipment under Nigerian statutes. Although the pastor has been released on bail, the commissioner emphasized that the investigation remains active. “He was invited; a letter of invitation was sent to him. In fact, we had prepared our warrant of arrest, in case he refused to comply with the invitation. But he turned himself in and was questioned by a team of investigators who were already on the matter before he turned himself in.”

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The video that sparked the inquiry surfaced earlier this month, showing Adefarasin seated in a Range Rover holding what many believed to be a firearm as he spoke to someone outside the vehicle. The pastor has since taken to his official X account to dispute any wrongdoing: “You might be aware of a video circulating on social media showing me in what some have misunderstood as brandishing a firearm. I want to assure you — that was certainly not a firearm, and at no point did I point such at anyone.”

Jimoh further revealed that the individual allegedly threatened in the clip, a content creator whose address the police have obtained—will be summoned to provide a statement. “It is equally on social media that the person he pointed it to is a content creator and we are taking a statement from him as soon as he equally gets to us because we have got his address and we’re going to get him to make a statement in that regard.”

The commissioner concluded by promising transparency once the inquiry is complete: “The pastor is still under investigation, though he has been granted bail, but we will continue with the investigation and make the outcome of the investigation public for all Nigerians to know.”

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