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Governor Adeleke Advocates UK Subnational Investment, Signs Investment Facilitation MOU
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.
Diaspora Watch – Vol. 44 (April 28 – May 4, 2025)
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The world is abuzz with breaking news, and the 44th edition of Diaspora Watch is your passport to the most critical global developments. From the hallowed halls of the Vatican to the bustling streets of Geneva, our spotlight shines bright on the stories that matter most.
Witness the high-stakes diplomatic dance between the US and Iran, as they hold new talks in Oman amid a push for a nuclear deal. Meanwhile, in Rome, hundreds of thousands pay their respects to Pope Francis, while Trump and Zelensky hold a pivotal meeting at the Vatican.
In Sudan, the crisis deepens as displaced people resort to eating leaves and charcoal to survive. The world watches with bated breath as the situation unfolds.
California has overtaken Japan as the world’s fourth-largest economy, while the threat of crypto investment scams looms large, with $5.8 billion lost in 2024 alone.
Oluwatobiloba Amusan returns to action in the Xiamen Diamond League, and the world waits with anticipation for the selection of a new Pope. Who will be the next leader of the Catholic Church?
The Caribbean Investment Summit in Antigua brings together leaders and investors, while Qatar’s aviation scholarships and training opportunities are a beacon of hope for CARICOM citizens.
These and many more are for your reading pleasure. Dive into the 44th edition of Diaspora Watch and stay informed about the stories shaping our world.
Top negotiators from the United States and Iran are set to meet again in Oman on Saturday, aiming to make progress towards a new agreement that would curb Tehran’s rapidly advancing nuclear programme.
The meeting will involve Iran’s Foreign Minister, Abbas Araqchi, and Trump’s Middle East envoy, Steve Witkoff, who will negotiate indirectly through Omani mediators.
The talks follow a productive round of discussions in Rome last week, which both sides described as constructive.
The new discussions are expected to begin at expert level, with the aim of setting the stage for direct talks between the two lead negotiators.
US President Donald Trump expressed confidence in securing a deal, saying: “I think we’re going to make a deal with Iran.”
However, significant differences remain over the nuclear dispute, which has persisted for over two decades.
The US has withdrawn from the 2015 nuclear deal between Iran and six world powers and imposed a stringent “maximum pressure” campaign on Tehran, reimposing crippling sanctions. In response, Iran has breached the terms of the pact, particularly in its nuclear activities.
Iran has accelerated its uranium enrichment, reaching up to 60% purity, a significant step towards the 90% purity required for weapons-grade uranium.
US Secretary of State Marco Rubio has said that a new deal would require Iran to cease all uranium enrichment and import any enriched uranium it needs for its Bushehr nuclear power plant.
However, Tehran is unwilling to make such concessions, insisting that ending its enrichment programme or surrendering its enriched uranium stockpiles are “red lines” that cannot be crossed.
Iranian officials have stated that their country will consider negotiating some limits on its nuclear programme in exchange for the lifting of sanctions.
The talks have also highlighted concerns over Iran’s missile programme, which Tehran insists is non-negotiable.
An Iranian official said that Tehran views its missile programme as an even greater obstacle to reaching an agreement than its nuclear work.
The outcome of these talks will have significant implications for regional and global security, and it remains to be seen whether the two sides can find common ground.
A successful deal would not only benefit the two countries but also contribute to regional and global stability.
Prime Minister of Grenada, Honourable Dickon Mitchell, attended the 2025 Caribbean Investment Summit (CIS25) in Antigua and Barbuda.
The summit, themed “Integrity. Stability. Sustainability — CBI Pathway to Economic Prosperity,” provided a platform for regional leaders to discuss investment strategies and economic development.
During the Stakeholder Impact Session, “Adapting to the New Regulatory Era,” the Prime Minister engaged with other Caribbean leaders, Heads of Citizenship by Investment Units (CIUs), and senior officials on strengthening the region’s investment ecosystem.
The session focused on advancing the summit’s core pillars of integrity, stability, sustainability, and economic prosperity.
A closed-door meeting followed, where Prime Ministers, CIU Heads, and the Joint Regional Communications Centre (JRCC) deliberated on regional investment and development strategies.
The summit aimed to foster collaboration and drive economic growth in the Caribbean region.
Diaspora Watch – Vol. 44
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