• About
  • Advertise
  • Contact
Thursday, September 18, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

IFC’s $50mln Equity Investment In Lagos Free Zone Is Vote Of Confidence In Tinubu Reforms -TMSG

Vital News by Vital News
February 18, 2025
in Business, Economy
0
TDF Hails Success Of Pilot Phase Of Free C-section Initiative
Share on FacebookShare on Twitter

The Tinubu Media Support Group (TMSG) says the $50 million equity investment in the Lagos Free Zone investment by the International Finance Corporation (IFC) as a vote of confidence in the ongoing reforms in Nigeria.

According to the group, it is an affirmation of Nigeria’s demonstrated readiness for big business under the administration of President Bola Tinubu.

TMSG stated this in a statement signed by its Chairman, Emeka Nwankpa and Secretary Dapo Okubanjo.

It said that the equity investment which is for the expansion of Nigeria’s first deep-sea port-based private special economic zone is a major indicator that the country’s conducive business environment is gaining interest across the investment world.

“That a reputable body like the International Finance Corporation (IFC) deemed it fit to commit a whopping $50 million equity investment in a private business initiative in the country is no mean feat.

RelatedStories

How Our Refinery Ended 50 Years Of Fuel Queues In Nigeria – Dangote

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair

Mrs Tinubu Launches N25mln Women Empowerment Programme In Kogi

Tax ID Mandatory Only For Taxable Persons In Trades, Businesses For Income Generation – FG

“Clearly, it is a stamp of approval by the international community that Nigeria is a good place to invest, a place where there is a guarantee of returns on investments.

“But for us, it is a signal that the country is truly ready for big business as a result of ongoing reforms of the President Bola Tinubu administration contrary to a few misconceptions in purely partisan quarters about the policies.

“It is interesting that IFC’s equity investment is for the development and expansion of Nigeria’s first deep-sea port at the privately-run Lagos Free Zone, which presently occupies 860 vast hectares of land.

“The investment, which is the largest single financial commitment by IFC in recent years, is designed to address critical infrastructure gaps, attract local and global businesses, and contribute to Nigeria’s economic diversification agenda.

“We are convinced that the decision to invest in the free zone will unlock new opportunities for businesses in the deep sea port that is already acknowledged to have world-class facilities

“We agree with President Tinubu that it is a testament to the success of the Renewed Hope Agenda as well as the ongoing efforts by his administration to attract foreign direct investment.

“We also commend Tolaram, the owners of the Port-based industrial zone, which recently acquired Guinness and turned its financial fortunes around in just 6 months, for their continued efforts at showing that Nigeria is a good place to invest,” it added.

The group noted that Nigeria’s business environment has recorded incremental improvement in the last few months in response to the federal government’s policies, maintaining that Nigeria remains Africa” ‘s biggest investment capital. (vitalnewsngr.com)

Tags: freeIFCInvestmentTMSGtrade
Previous Post

Ogun 30megawstts Power Plant 90pct Ready, To Commence Operation In Eight Weeks Time – Gov. Dapo Abiodun

Next Post

Elder Statesman,Chief Edwin Clark Dies At 97

Vital News

Vital News

RelatedStories

How Our Refinery Ended 50 Years Of Fuel Queues In Nigeria – Dangote
Economy

How Our Refinery Ended 50 Years Of Fuel Queues In Nigeria – Dangote

September 15, 2025
Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair
Business

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair

September 15, 2025
Mrs Tinubu Launches N25mln  Women Empowerment Programme In Kogi
Business

Mrs Tinubu Launches N25mln Women Empowerment Programme In Kogi

September 12, 2025
Tax ID Mandatory Only For  Taxable Persons In Trades, Businesses For Income Generation – FG
Economy

Tax ID Mandatory Only For Taxable Persons In Trades, Businesses For Income Generation – FG

September 12, 2025
FCCPC Recovers N10 billion For Consumers, Resolves 9, 091 Complaints In Five Months
Economy

FCCPC Recovers N10 billion For Consumers, Resolves 9, 091 Complaints In Five Months

September 11, 2025
Next Post
Elder Statesman,Chief Edwin Clark Dies At 97

Elder Statesman,Chief Edwin Clark Dies At 97

Elder Statesman,Chief Edwin Clark Dies At 97

Clark's Exit, Glorious Conclusion Of Monumental Chapter In Nigerian History - Southern Governors Forum

Nigeria Governors Forum Mourns Passing Of Pa Ayo Adebanjo, Chief Edwin Clark

Nigeria Governors Forum Mourns Passing Of Pa Ayo Adebanjo, Chief Edwin Clark

Leave a Reply Cancel reply

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

Follow Us

Recommended

Agura Of Gbagura Joins Ancestors At 61

OGSG Mourns Agura Of Gbagura, Commiserates With Chiefs, Agura Community

2 years ago
Terrorists Kidnap Reporters Of The Nation, Blueprint Newspapers In Kaduna

Bandit Behind Kidnapping Of 121 Students In Kaduna, Kachalla Tukur Sharme Killed During Clash With Fellow Bandits

12 months ago
Man Beats 22-Year-Old Girlfriend To Death In Bayelsa

Disrupt Election On Saturday And Die – Police

3 years ago
Gov Yahaya Bello Applauds Organisers Of BEBM Exhibitions

Gov Yahaya Bello Applauds Organisers Of BEBM Exhibitions

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Kidnappers Release Kogi Catholic Priest, Rev. Fr. Ezeamba

Our CNG Drivers Enjoy Life Insurance, Housing Loans, Earn Three Times The Minimum Wage – Dangote Refinery

President Tinubu Returns To Abuja

Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion

Your Allegation Of Cheaper Petrol Sales In Togo Misleading, Inaccurate – Dangote Refinery To DAPPMAN

NNPCL GCEO, Ojulari Calls For Stronger African Collaboration To Achieve Energy Security

Trending

Dangote Cement, Jakura Community, Sign Landmark Development Agreement In Kogi
Environment

Dangote Cement, Jakura Community, Sign Landmark Development Agreement In Kogi

by Vital News
September 17, 2025
0

There were jubilations on Wednesday Sept 17, 2025, as Dangote Cement Plc, Obajana Plant, and the Jakura...

GSF Publisher, Lawal Sale, Bags Silk Road Global News Award In China

GSF Publisher, Lawal Sale, Bags Silk Road Global News Award In China

September 17, 2025
BHPF : President Tinubu Approves Immediate Release Of N29,284,145,353.78 To 36 States,FCT

Tinubu Lifts Emergency Rule In Rivers, Fubara, Deputy, Speaker Resume Tomorrow, September 18

September 17, 2025
Catholic Priest Kidnapped In Kogi

Kidnappers Release Kogi Catholic Priest, Rev. Fr. Ezeamba

September 17, 2025
Our CNG Drivers Enjoy Life Insurance, Housing Loans, Earn Three Times The Minimum Wage – Dangote Refinery

Our CNG Drivers Enjoy Life Insurance, Housing Loans, Earn Three Times The Minimum Wage – Dangote Refinery

September 17, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Dangote Cement, Jakura Community, Sign Landmark Development Agreement In Kogi September 17, 2025
  • GSF Publisher, Lawal Sale, Bags Silk Road Global News Award In China September 17, 2025
  • Tinubu Lifts Emergency Rule In Rivers, Fubara, Deputy, Speaker Resume Tomorrow, September 18 September 17, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In