Politics
Breaking: Igbo Business Leaders Rally Behind Mbah’s Economic Vision For A $30 Billion GDP
Captains of industry and potential investors from the South-East have declared their preparedness to participate in the economic and investment strategies of the Enugu State government, led by Dr. Peter Mbah. They praised the government’s efforts in engaging local business leaders and making the state’s business environment more secure. The business leaders emphasized that investments tend to flow where risks are lower and return on investment is higher….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
Governor Mbah highlighted the importance of regional cooperation for economic development, stating that a region’s external respect is proportional to its socio-economic growth. This commitment was reinforced during the inauguration of the Enugu Investors Network, an initiative aimed at mobilizing domestic investment in the state.
During the inaugural roundtable of the Enugu Investors Network, business leaders, including Dr. Sam Onyishi and Sir Cosmas Maduka, commended the governor for addressing security concerns. They stressed the significance of investing in the South-East, emphasizing that the long-term security of Igbo investments is guaranteed in their homeland.
Dr. Sam Onyishi praised the governor for his focus on addressing security challenges, particularly the Monday sit-at-home issue. He expressed satisfaction with the governor’s direct and action-oriented approach to discussions about investment opportunities.
Sir Cosmas Maduka, Chairman of Coscharis Group, echoed the importance of security in attracting true investors and commended the governor for aligning with this perspective. He expressed interest in exploring potential investment opportunities in Enugu State.
Governor Mbah emphasized the government’s ambitious vision to grow Enugu’s economy from $4.4 billion to $30 billion in the next four to eight years, relying on private sector investments. He sought engagement and involvement from the business community in achieving this economic growth.
The Secretary to Enugu State Government, Prof. Chidiebere Onyia, and the Commissioner for Trade and Investment, Adaora Chukwu, underscored the significance of domestic business leaders in Enugu’s economic growth plans. They emphasized the administration’s commitment to growing the economy from within, with a focus on domestic industries.
A group of Nigerians has staged a protest at the United Kingdom Parliament, calling for the removal of the Chairman of the Independent National Electoral Commission (INEC) ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
The demonstrators reportedly gathered outside the parliamentary complex, expressing dissatisfaction with the leadership of the electoral body in Nigeria and demanding immediate action.
They insisted that the INEC chairman should be removed, alleging concerns over credibility and trust in the electoral process as the country prepares for the next election cycle.
The protest drew attention from passersby and security personnel, as the group maintained their position that electoral reforms and leadership changes were necessary to restore public confidence.
Public commentator Mahdi Shehu has expressed concern over what he described as inadequate funding for military equipment, warning that it could endanger the lives of soldiers in active service.....KINDLY READ THE FULL STORY HERE▶
In a post shared on his official X account on Monday, Shehu reacted to reports suggesting that only a small fraction of the Nigerian Army’s 2025 budget for security equipment has been released.
He stated that although over ₦20 billion was approved for the procurement of security equipment, only about ₦1.7 billion—roughly 7 percent—has reportedly been disbursed so far.
Shehu questioned the possible impact of the funding gap on troop safety, suggesting it could be linked to growing battlefield casualties.
He also raised concerns about reported cases of soldiers abandoning their posts, implying that insufficient equipment and support may be contributing factors.
The commentator further asked what had become of funds borrowed in the name of addressing insecurity, calling for accountability in their use.
Shehu also suggested that delays or restrictions in releasing security funds could have serious consequences for both military personnel and civilians.
He expressed worry that different levels of government may not be fully meeting their responsibilities in ensuring the safety of lives and property.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the ongoing tensions involving the United States, Israel, and Iran are triggering global energy shocks that are contributing to rising inflation in Nigeria.....KINDLY READ THE FULL STORY HERE▶
Speaking on the economic impact of the geopolitical crisis, Edun explained that disruptions in global oil markets have pushed up energy costs, which in turn are feeding inflationary pressures across countries, including Nigeria.
He noted that Nigeria, while implementing economic reforms, is still exposed to external shocks from global events, particularly those affecting crude oil prices and energy supply chains.
According to him, the ripple effects of the conflict are evident in rising transportation, production, and food costs, which continue to strain households and businesses.
Edun maintained that the government is monitoring the situation closely and adjusting its economic policies to cushion the impact, while also strengthening reforms aimed at stabilising the economy amid global uncertainty.
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