Connect with us

News

Governor Adeleke Advocates UK Subnational Investment, Signs Investment Facilitation MOU

Published

on

Governor Adeleke Advocates UK Subnational Investment, Signs Investment Facilitation MOU

Osun State Governor, Senator Ademola Adeleke, on Tuesday made a strong case for subnational investment in Nigeria, urging the United Kingdom to pay closer attention to state-level development opportunities, particularly in Osun State, which he described as the “heartland of South Western Nigeria.”

Speaking at the House of Commons in London, Governor Adeleke emphasized that “the current global uncertainty is not just a challenge but an opportunity to explore new investment frontiers.” He outlined Osun’s growing appeal to investors, citing the state’s strides in regulatory reforms and investor-friendly policies.

Hon. Florence Eshalomi, Member of Parliament for Vauxhall and Parliamentary Private Secretary to the UK Prime Minister, echoed the Governor’s sentiments. “I have the mandate of the Prime Minister to deepen UK-Nigeria investment relations,” she said. “It is heartening to see the Osun State Chamber of Commerce represented here today.”

She praised Osun’s groundwork, noting, “The state has laid a strong foundation through reforms in its regulatory environment, ease of doing business, and investment protection frameworks.” She expressed her commitment to ensuring that the engagement between the UK and Osun State produces measurable and positive outcomes.

The highlight of the event was the signing of a Memorandum of Understanding between the Osun State Government and UK-based firm ESG Management Services Limited. The agreement is aimed at facilitating investment in key sectors including agriculture, manufacturing, and solid minerals, among others. According to the MoU, ESGMS will work with Osun to identify, manage, and position the state’s public assets to be investment-ready for UK business interests, creating a structured pathway for sustainable trade relations.

The MoU was signed by Hon. Teslim Igbalaye, Secretary to the State Government, on behalf of Osun State, while Francisco Toju Da-Silva signed for ESGMS. Governor Adeleke described the development as “a breakthrough step towards deepening Osun’s global economic engagement.” He added, “This collaboration will support our administration’s goals of transforming Osun into an investment destination of choice.”

The Governor was accompanied by several top officials from his administration. Among them were the Commissioner for Budget and Economic Planning, Prof. Moruf Adeleke; the Commissioner for Commerce and Industry, Rev. Bunmi Jenyo; the Commissioner for Agriculture and Food Security, Hon. Tola Faseru; the Special Adviser to the Governor on SDGs, Hon. Bamikole Omishore; the Permanent Secretary in the Ministry of Budget and Economic Planning, Mrs. Yetunde Esan; and the Vice President of the Osun State Chamber of Commerce and Industry, Mallam Olawale Rasheed.

Governor Adeleke reaffirmed his administration’s commitment to transparency and accountability, promising that “every agreement signed will be followed through with diligent implementation.” As the meeting concluded, participants expressed optimism that the partnership would open a new era of economic collaboration between Osun and the United Kingdom.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Macron Urges Europe to Act Like a Global Power Amid Rising Threats

Published

on

Macron Urges Europe to Act Like a Global Power Amid Rising Threats

 

French President Emmanuel Macron has renewed his call for Europe to assert itself as a global power, warning that the continent is facing a historic “wake-up call” amid rising geopolitical and economic pressures from China, Russia and even its traditional ally, the United States.

 

Speaking in an interview with a group of European newspapers ahead of a European Union summit scheduled to hold in Brussels later this week, Macron said Europe must move beyond rhetoric and begin to act decisively like a power, particularly in the areas of economy, finance, defence, security and democratic governance.

 

According to him, the changing global order demands a more self-reliant and confident Europe.

 

He noted that while Europe was once content with building a common market and preventing wars, it has consistently shied away from thinking in terms of power, a mindset he said must now change.

 

Macron used the opportunity to once again push for the creation of EU-wide mutualised loans, arguing that Europe needs a shared debt mechanism to fund its future.

 

He proposed the issuance of eurobonds to raise hundreds of billions of euros for large-scale industrial investments across the continent.

 

“The time has come to launch a shared debt capacity to fund our future expenses,” Macron said, adding that Europe needs ambitious programmes capable of financing its best projects in critical sectors.

 

However, his proposal is expected to face resistance, particularly from Germany and some northern European countries, which have in the past expressed scepticism over mutualised debt.

 

Critics argue that France is seeking to shift part of its domestic financial burden onto the wider EU, especially given its long-standing challenges with economic reforms.

 

Macron acknowledged France’s shortcomings, admitting that the country has never had a fully balanced economic model comparable to some northern European economies.

 

He also conceded that France did not undertake sweeping reforms in the 2010s like Portugal, Spain, Italy and Greece, reforms which he said are now yielding positive results.

 

Despite this, the French leader insisted that global financial markets are increasingly showing interest in mutualised European debt, partly due to growing uncertainty around the dominance of the US dollar.

 

He argued that investors are actively seeking credible alternatives and that Europe, with its strong democratic institutions and rule of law, is well positioned to fill that gap.

 

He contrasted Europe’s democratic appeal with what he described as authoritarian governance in China and what he sees as a gradual distancing of the United States from the principles of the rule of law.

 

Macron further disclosed that the 27-member European Union needs about €1.2 trillion annually to invest in strategic sectors such as defence and security, clean energy and artificial intelligence.

 

He urged the bloc to better protect these industries, noting that while China and the United States actively shield their strategic sectors, Europe remains the most open market in the world.

Continue Reading

News

Trade, Tension as Trump Threatens US–Canada Bridge Opening

Published

on

Trump Congratulates UK’s Farage, Ignores Starmer

Trade, Tension as Trump Threatens US–Canada Bridge Opening

 

United States President, Donald Trump, has threatened to block the opening of the Gordie Howe International Bridge linking the US and Canada, insisting that Washington must be “fully compensated” for what he claimed America had given to its northern neighbour.

 

Trump, in a post on his Truth Social platform, said the bridge would not be allowed to open until Canada treats the United States with what he described as “fairness and respect”.

 

He also argued that the US should own “at least one half” of the multibillion-dollar infrastructure, claiming that Canada controls both sides of the crossing.

 

The Gordie Howe International Bridge connects Ontario in Canada with the US state of Michigan and spans the Detroit River.

 

The project, estimated to cost about 6.4 billion Canadian dollars, is funded by the Canadian government and is being developed by the Windsor-Detroit Bridge Authority, a Canadian federal Crown corporation.

 

The bridge is to be publicly owned by Canada and the state of Michigan.

 

Canada’s Prime Minister, Mark Carney, on Tuesday said he had a “positive” conversation with Trump on the issue.

 

Carney noted that he reminded the US president that Canada paid for the bridge and that it was constructed by both American and Canadian workers using steel sourced from the two countries.

 

He described the bridge as a strong example of cooperation between the two neighbours and expressed optimism that it would open as scheduled.

 

According to Carney, Trump suggested that the US ambassador to Canada, Pete Hoekstra, a Michigan native, should help smooth discussions surrounding the project.

 

Trump’s threat has, however, drawn criticism from US lawmakers in Michigan, who warned of economic consequences.

 

Michigan Senator, Elissa Slotkin, a Democrat, said blocking the opening of the bridge would be “awful” for the state’s economy, warning that it could lead to higher costs for businesses, weaker supply chains and job losses.

 

Michigan Governor, Gretchen Whitmer, also rejected Trump’s position, saying the bridge would create jobs and strengthen trade in her state.

 

Her spokesperson described the project as a product of bipartisan and international cooperation.

 

Despite Trump’s claim that negotiations would begin immediately, it remains unclear how the US president could legally prevent the opening of the bridge, which is expected to begin operations later this year after final tests and approvals.

 

Construction began in 2018 after more than a decade of planning and diplomatic wrangling.

 

Trump also accused former President Barack Obama of allowing construction to begin without the use of US steel, an allegation denied by officials on the Canadian side.

 

The Mayor of Windsor, Ontario, Drew Dilkens, dismissed the claim, describing it as false and “insane”.

Continue Reading

News

Senegal Police Arrest 14 in Transnational Paedophile Ring Linked to France

Published

on

Senegal Police Arrest 14 in Transnational Paedophile Ring Linked to France

 

Senegalese authorities have arrested 14 people suspected of operating a paedophile gang spanning Senegal and France, police announced.

 

The group, active since 2017, is accused of organised paedophilia, pimping, rape of minors under 15, sodomy, and intentional transmission of HIV, with victims allegedly forced into unprotected sex with HIV-positive men.

 

Four suspects reportedly acted under the direction of a French national arrested in France in April 2025, receiving money in return.

 

Coordinated raids were carried out in Dakar and Kaolack, with evidence seized and the 14 suspects appearing before a judge on Friday.

 

The operation was conducted with French police support, and authorities urged the public to report information via a toll-free line.

Continue Reading

Trending