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Sen Ajagunla Addresses Nigeria-China Investment Forum, Canvasses Collaboration at Every Level
By Eric Elezuo
The Senator representing Osun Central District, and Vice Chairman, Senate Committee on Trade and Investment, Ajagunla Olubiyi Fadeyi, has canvassed for more collaboration between Nigeria and China at every level of diplomatic interchange.
The Senatorade the remarks while delivering a keynote address at the just concluded First China-Nigeria Trade Investment Forum, on China-Africa Cooperation (FOCAC), in Beijing, China.
He applauded the efforts of the Nigerian president, Bola Tinubu and his Renewed Hope Agenda, which he admitted is yielding results, while hailing the Legislature for working in tandem to the progress and development of the Nigerian nation.
Below is his full speech:
KEYNOTE ADDRESS DELIVERED BY DISTINGUISHED SENATOR AJAGUNLA OLUBIYI FADEYI OF OSUN CENTRAL SENATORIAL DISTRICT AT THE 1ST CHINA-NIGERIA TRADE INVESTMENT FORUM AT THE JUST CONCLUDED HIGH LEVEL FORUM ON CHINA-AFRICA COOPERATION (FOCAC) HELD IN BEIJING, CHINA
Mr President, Bola Ahmed Tinubu GCFR, Your Excellencies, Honourable Ministers, Diplomats, Top Government officials, Captains of Industry from Nigeria and China, Esteemed Delegates from the People’s Republic of China, Ladies and Gentlemen.
It is with great honour and a profound sense of purpose that I stand before you today at this prestigious China-Nigeria Trade Investment Forum. This gathering is not merely a meeting of minds; it is a celebration of the deep and enduring ties between our two great nations – a partnership that has blossomed over decades, guided by mutual respect, shared aspirations and a common vision for prosperity.
Strategic Alignment with “Renewed Hope”
At the heart of Nigeria’s future is the visionary leadership of President Bola Ahmed Tinubu, GCFR, whose “Renewed Hope” agenda is a clarion call for national and global engagement. This agenda is not just a domestic strategy; it is a blueprint that aligns seamlessly with China’s prosperity vision implemented through FOCAC and the Belt and Road Initiative.
President Tinubu’s administration is committed to economic diversification, infrastructural development and creating a conducive environment for investment. China is a vital partner in this transformative journey.
The Vital Role of the Nigerian Senate
In realising this vision, Nigerian Senate, under the leadership of the Senate President, Senator Godswill Akpabio CON, plays a key role in the Nation’s economic growth by passing enabling laws and oversight function of all Nigerian Ministries and parastatals .
The Senate as a legislative body; is the engine that drives the policies and necessary reforms for economic growth by enacting laws that facilitate foreign direct investment, streamline business processes and eliminate unnecessary bureaucratic hurdles. The Senate ensures that Nigeria remains an attractive destination for global investors.
One landmark piece of legislation in this regard is the Companies and Allied Matters Act (CAMA) of 2020. This Act, a product of extensive collaboration between the Senate, the private sector and international partners, has modernized corporate governance in Nigeria, making it easier and faster to register a business, improving transparency and enhancing investor confidence.
Strengthening Bilateral and Multilateral Partnerships
Senate Standing Committees play a critcal role in shaping our country’s international economic growth. Through our work on bilateral and multilateral relations, we ensure that Nigeria remains an attractive destination for foreign capital while safeguarding our national interests.
Our partnerships with international organizations such as the World Trade Organization (WTO), the African Continental Free Trade Area (AfCFTA), and the Economic Community of West African States (ECOWAS) are essential in ensuring that Nigeria’s trade policies are in line with global standards. The Senate’s oversight function ensures that these agreements are implemented effectively, benefiting all stakeholders involved.
Enhancing Investor Confidence through Stability and Transparency
Investment thrives in environments where the rule of law is respected, where policies are predictable and where governance is transparent. The Nigerian Senate has been at the forefront of initiatives to enhance the transparency and accountability of our government institutions.
A Call to Action for a Shared Future
Ladies and Gentlemen, as we look to the future, let us be guided by the knowledge that the partnership between Nigeria and China is not a transient alliance, but a strategic and enduring relationship built on a solid foundation of trust and shared goals. Our journey together is far from over; in fact, it is just beginning.
Mr President, Your Excellencies, esteemed partners and honoured guests, as we stand on the cusp of a new chapter in the Nigeria-China relationship, it is clear that the future we envision requires collaboration at every level.
The Senate is committed to working with the Executive, the private sector, and our international partners to establish and supervise the implementation of laws, regulations, and policies necessary to propel our mutual economic aspirations. Let us move forward with purpose and unity, confident that through our collective efforts, we will secure a legacy of growth, innovation, and shared prosperity for generations to come.
Thank you.
Distinguished Senator Olubiyi Fadeyi is the Vice-Chairman, Senate Committee on Communications, Trade and Investment.
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Court Sends Woman to Prison for Abusing Tinubu’s Son, IGP on Social Media
Olamide Thomas, who reportedly threatened Seyi Tinubu on social media, was on Friday, arraigned before a Federal High Court in Abuja.
Olamide was arraigned by the office of the Inspector-General of Police (IGP), Kayode Egbetokun, before Justice Emeka Nwite on a three-count charge.
Olamide was alleged to have, sometime in 2024, knowingly and intentionally transmitted communication in the form of video recording through a computer system or network on her social media platforms wherein she made remarks in Yoruba language.
In the video, she was alleged to have stated: “Mr. Seyi Tinubu would die this year, and misfortune and calamity had befallen the Tinubu family, with intent to bully, threaten, harass the person of Mr Seyi Tinubu.”
The communication was said to have placed Seyi in fear of death, violence or bodily harm.
The offence is contrary to and punishable under Section 24 (2) (a) of Cybercrimes (Prohibition, Prevention, Etc.) (Amendment) Act, 2024.
In count two, the defendant was alleged to have intentionally transmitted communication in the form of video recording wherein she made remarks in Yoruba Language to bully, threaten, and harass the person of Egbetokun.
The communication was said to have placed Egbetokun in fear of death, violence or bodily harm.
The offence is contrary to and punishable under Section 24 (2) (a) of Cybercrimes (Prohibition, Prevention, Etc.) (Amendment) Act, 2024.
She, however, pleaded not guilty to the charge.
Olamide was arrested on allegations bordering on harassing and threatening Seyi Tinubu, Egbetokun, and the Police Public Relations Officer, Muyiwa Adejobi, in a viral social media post.
In the charge marked: FHC/ABJ/CR/636/2024 dated and filed on December 18 by the police team of lawyers led by A.A. Egwu, Olamide was sued as sole defendant.
Upon resumed hearing, Victor Okoye, who appeared for the police, informed the court that the matter was slated for arraignment and that he was ready to proceed.
After the counts were read to the defendant, she pleaded not guilty to the charge.
The defence lawyer, T J. Aondo (SAN), sought to move an oral application on his client’s behalf but the request was turned down.
Justice Nwite directed Aondo to file a formal bail application and adjourned the matter until December 30 for the commencement of trial.
The judge, however, assured the defence counsel that as soon as a bail application is filed in form of a motion on notice, the court would not hesitate to hear it.
Justice Nwite, thereafter, ordered Olamide to be remanded in Suleja Correctional Centre pending the hearing of her bail application.
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Buhari Denies Ownership of Abuja Land Revoked by Wike
Former President Muhammadu Buhari, on Thursday, denied ownership of a piece of land purportedly allocated to him by the Federal Capital Territory Administration (FCDA) in Abuja.
Media reports indicate that Minister of the Federal Capital Territory (FCT), Nyesom Wike, has revoked the ownership of 762 plots of land in the Maitama 1 District of Abuja, citing non-payment of statutory fees.
According to the trending reports, high-profile figures, including former President Muhammadu Buhari and former Chief Justice Walter Onnoghen, are among those affected.
The FCTA had also issued a two-week ultimatum to 614 other individuals and organisations, demanding they settle outstanding Rights of Occupancy (R-of-O) fees or risk losing their plots.
However, debunking the reports, the former President stated he is “not the owner of the said plot of land which is allocated in the name of a ‘Muhammadu Buhari Foundation.’”
In a statement issued by his media aide, Garba Shehu, in Abuja, the former President explained that he turned down the offer by the administration when it was presented to him.
The media aide further clarified: “When he and his cabinet members were invited to fill the forms and obtain land during his tenure in office, he returned the form without filling it, saying that he already had a plot of land in the FCT and that those who did not have should be given. He, therefore, turned down the offer.
“All those jumping up and down in the digital space talking about the rightfulness or the lack of it on the reported seizure of Buhari’s land in Abuja to get their facts right and stop dragging down the name of the former president.
“As with anything Buhari—and there is no surprise in this at all—there is a lot of buzz in the media on the reported seizure of a piece of land by the authorities of the Federal Capital Territory, Abuja, FCTA, allegedly belonging to the former President Muhammadu Buhari.
“Former President Buhari is personally not the owner of the said plot of land, which is allocated in the name of a ‘Muhammadu Buhari Foundation.
“The Foundation was itself floated by some utilitarian individuals around him who, it must be said, went about it in a lawful manner with the support of a number of well-meaning persons.
“But they ran into a roadblock in the land department of the FCDA, which handed them an outrageous bill for the issuance of the certificate of occupancy, very high in cost that did not at all compare with the bills given to similar organisations.
“It may have been that this was not erroneous, but a deliberate mistake, making the revocation of the land no surprise to anyone.
“As a person, the former President has a plot of land to his name in Abuja,” he added
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Dangote Refinery, a Wonder of Modern Technology – Japan Ambassador, Business Community
The Dangote Refinery and Petrochemicals complex has been hailed as an astonishing masterpiece, showcasing Nigeria’s technological advancements on the global stage.
This accolade was shared by a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo. The Dangote Group also reiterated that its petroleum products are in demand worldwide, as it expands its polypropylene section to reduce Nigeria’s reliance on imported polypropylene, a crucial material used in packaging, textiles, and the automotive manufacturing industries.
The Japanese delegation, which toured the impressive facilities housing both the Dangote Petroleum Refinery and Petrochemicals as well as Dangote Fertilisers, commended the state-of-the-art technology on display, noting that it reinforces Nigeria’s role as the gateway to Africa.
Managing Director of the Japan External Trade Organisation (JETRO), Takashi Oku, remarked that while Nigeria remains the gateway to Africa, the Dangote Refinery stands as a remarkable project that showcases the country’s technological progress. He added that the facility, as the world’s largest single-train refinery, is a point of immense pride for Nigeria. JETRO is Japan’s governmental organisation for trade and investment.
“We had heard about the excellence of the Dangote Refinery through the media but seeing it in person has left us truly amazed by its vastness and grandeur. It demonstrates that Nigeria’s population is not only growing but also advancing in technology. We are keen to collaborate with Nigerian companies, especially Dangote Refinery,” he said.
Emphasising that the refinery has bolstered Nigeria’s leading position in Africa, he further noted that the facility serves as an ideal introduction to the country for the global community.
Managing Director of Itochu Nigeria Limited, Masahiro Tsuno, also praised the sheer size and automation of the Dangote Refinery, calling it a miracle and one of the wonders of the world.
“I’ve seen many standalone refineries across the globe, including in Vietnam and the Middle East. However, this size of a refinery built by one single investor is probably a miracle in the world. And I’m just actually witnessing a miracle, to be honest, today,” he said. Tsuno indicated that his company would seek collaboration with the refinery across various sectors, including polypropylene and other petroleum products.
Commending the ambassador-designate and his team, which described the Dangote Petroleum Refinery as a wonder of modern technology, Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, explained that the facility is the vision of a Nigerian investor- Aliko Dangote, designed and built by Nigerians, and intended to serve the global market.
He said that it is a point of pride that a Nigerian company not only designed but also built the world’s largest single-train refinery complex. Dangote Industries Limited, a Nigerian company, acted as the Engineering, Procurement, and Construction (EPC) contractor for the refinery. In the process, cutting-edge technologies from around the world were incorporated to ensure that the facility meets the highest standards. Edwin assured the ambassador-designate and the delegation that the company is open to collaboration, always striving to maintain the best possible standards.
“Even now, we have a lot of Japanese equipment inside both the refinery and the fertiliser plant. There are significant opportunities for collaboration, as we always seek the latest technology in any business we engage in. For instance, our cement plant laboratory is managed by robots, and we always embrace advanced technology. With Japan’s focus on technological innovation, there is ample scope for cooperation and for supplying various types of technology,” he said.
Edwin also stated that the Dangote Petrochemical project will significantly boost investment in downstream industries, creating substantial value, generating employment, increasing tax revenues, reducing foreign exchange outflows, and contributing to Nigeria’s Gross Domestic Product (GDP).
He confirmed that products from the refinery meet international standards and are already being exported globally.
“In recent weeks, we’ve exported petrol to Cameroon, Ghana, Angola, and South Africa among others. Diesel has gone all over the world, and jet fuel is being heavily exported to European markets. Our products are already making their mark internationally,” he said.
He further added that by leveraging Africa’s vast crude oil resources to produce refined products locally, the Dangote Group aims to create a virtuous cycle of industrial development, job creation, and economic prosperity.
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