STATE HOUSE PRESS RELEASE

President Bola Tinubu, on Monday, in Berlin, Germany, told international investors that beyond Nigeria’s natural resources, the people of Nigeria, who are highly educated, highly skilled, and naturally industrious, are the primary asset and advantage the country wields over other nations in the global race for new investments.

The President spoke at a panel discussion titled, “Fostering local value chains and investments in Africa – The role of the German private sector” at the G20 Compact with Africa Economic Conference, hosted by German Chancellor Olaf Scholz.

The President noted that while promoting the rule of law is crucial for attracting foreign investments, Nigeria’s energetic youth population and well-educated populace represent the greatest incentive provided to investors toward the mutually-beneficial replication of China’s economic resurgence.

“We are dogged in our pursuit of natural gas development today, in tandem with hydrogen production for tomorrow. The world knows Nigeria as a leader in the energy sector. Our vast gas deposits and business-friendly environment make us an attractive investment destination. But we are going a step further now. We are creating fiscal responsibility and tax reforms as we reform our financial institutions to expeditiously accommodate foreign investments.

”We are eager and ready to partner with you. We have the youngest, largest, and most vibrant youth population in Africa. Equally, we have every ingredient required in the making of a modern economy: a well-educated population, a massive market, and the political will to bring it all together under my leadership.

“Africa has moved beyond the false past notions of business disincentivization and poor adherence to the rule of law. We now fully recognize the nexus between the inflow of investor money and the sanctity of contracts. We want to partner on the basis of who we are and what we do, rather than on the basis of long-held misconception,” the President stated.

President Tinubu apprised the summit of the country’s intentional move toward developing labour-intensive sectors of the Nigerian economy for massive job creation as well as a new emphasis on technological progress and new opportunities in Nigeria’s rapidly expanding information and communications technology space.

The President assured potential investors that Nigeria has moved beyond restrictive policies, and today, capital can be moved in and out of the country freely, providing flexibility for investors.

“Nigeria has consolidated on its democracy with several consecutive handovers of power. There is stability and predictability in the socio-political development of our country, which provides a conducive atmosphere for business operations and investment. Your money is safe. Since I assumed office in May 2023, we have embarked on transformative changes, removing all obstacles hindering businesses. We are reforming the economy based on the principle and philosophy of good governance,” the President confidently affirmed.

While persuading German automobile firms to establish manufacturing plants in Nigeria, he invited German businesses to take advantage of investment opportunities in multiple sectors following the successful visit of the German Chancellor to Nigeria in October.

Speaking earlier, German Chancellor Olaf Scholz noted the dynamic and evolving nature of economic relations between the developed and developing nations of the world as he positions Germany to enhance partnership with Nigeria and Africa on a mutually-beneficial basis.

“To be clear, this is not about traditional development aid with donor-recipient schemes. Instead, we now focus on investments that yield benefits for both parties. In Germany, as we strive for climate neutrality by 2045, we anticipate a substantial demand for green hydrogen, a considerable portion of which we plan to import, including from Africa.

“Many African countries possess larger potentials for renewable energy and competitive hydrogen production than we do. I am convinced that there are fantastic opportunities for expanding cooperation between German and African companies in this context.

“I highlighted this during my visit to Nigeria, where we already operate a hydrogen office and aspire to be a partner in the ambitious expansion of renewable energies,” the Chancellor stated.

Other panelists at the discussion were the German Federal Chancellor, Olaf Scholz; President Alassane Ouattara of Côte d’Ivoire; Prime Minister Aziz Akhannouch of Morocco; President Macky Sall of Senegal; Sabine Dall’Omo, Chairperson of Afrika-Verein (German-African Business Association); and CEO of Sub-Saharan Africa, Siemens AG.

President Bola Tinubu hosts notable German Business Chief Executives at a Nigeria-Germany Business Roundtable in Berlin, Germany, on Tuesday.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

November 20, 2023

STATE HOUSE PRESS RELEASE

PRESIDENT TINUBU MEETS GERMAN CHANCELLOR SCHOLZ; ADVANCES NEGOTIATION ON GERMAN INVESTMENT IN POWER AND RAIL TRANSPORTATION SECTORS

President Bola Tinubu, on the sidelines of the G20 Compact with Africa Economic Conference on Monday, met with German Federal Chancellor, Olaf Scholz, where he noted that Nigeria’s determined pursuit of German investment in targeted sectors of the Nigerian economy was focused on critical growth-enabling industries in energy, transportation, and electric power production, transmission, and distribution.

Recognizing the success of Siemens AG in positively transforming the quantity and quality of Egyptian electric power supply, the President noted that under his leadership, the staggered and unsteady implementation of the Siemens-supported Presidential Power Initiative (PPI) would take on new urgency with a more deliberate process of project execution, even as he recognized the need to embrace Siemens technology in all aspects of the project for project sustainability.

“For me, I am very much committed to pursuing all aspects of the Siemens Power project and the skill development opportunities that will emerge from that project for our talented youths who can participate in sustaining the industry,” the President affirmed.

Aware of the new 2,000km ultra high-speed rail network which Siemens is presently constructing across 60 cities in Egypt at the speed of 230km/hour, the President further expressed his keen interest in the role Siemens can play in modernizing and expanding Nigeria’s rail network with the provision of ultra-modern trains and railways which can more than double the speed of existing 100km/hour standard-gauge systems presently operating in Nigeria.

To this, the German Chancellor expressed readiness but with an acknowledgment of the need to resolve administrative and financial hurdles brought about by governance problems emanating from prior administration in the sector.

“I know that there is a lot of work that has been done. There is already a big production of electricity in Nigeria, but it is not getting to the population. Of course, this has to do with the need for a provision of stations and infrastructure on the grid. Siemens has developed the plan and is ready to deepen implementation, but it is now up to your new government to take the follow-up action that you are now committed to taking. On the railway plans, Siemens will be very happy to do this when more progress is made on the power project which has been started already,” the German Chancellor said.

President Tinubu drew the attention of the German leader to the need for his business community to focus their attention on value-additive processing in Nigerian solid minerals, agricultural goods, automobile production, and other job-creating sub-sectors of the economy.

“Everything the world requires in terms of business environment reforms are underway in Nigeria. Perhaps our foreign investors are still a bit paranoid that those old Nigerian issues are intractable. But my track record speaks for itself. I have transformed an entity before now. I am here to do it again, and I will,” the President stated.

The German Chancellor nodded in agreement and said, “There is nothing too unique on the growth of China. It came down to a lot of investment from overseas that leveraged on cheap and skilled labour with adequate internal infrastructure and shipping infrastructure for imports and exports to flow easily. These things are possible in Nigeria. You even have abundant natural resources. Step by step, it is achievable, Mr. President.”

The two leaders of the largest economies in Africa and Europe, respectively, agreed to deepen collaboration on the utilization of advanced biometric systems and border control technology to check irregular migration, even as the two leaders agreed that investments in labour-intensive industries will go a long way toward resolving the root causes of the problem.

President Tinubu later exchanged views with the German Head of State and Federal President, Frank-Walter Steinmeier, before attending the Compact with Africa Summit of Heads of State and Government.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

November 20, 2023

STATE HOUSE PRESS RELEASE

NIGERIA-GERMANY PARTNERSHIP EXPANDS AS PRESIDENT TINUBU WITNESSES SIGNING OF $500M RENEWABLE ENERGY PACT AND GAS EXPORT AGREEMENT

The burgeoning economic partnership between the Federal Republic of Nigeria and the Federal Republic of Germany witnessed further expansion and strengthening as two important agreements were signed between Nigerian and German businesses on Tuesday.

Speaking in Berlin, Germany, at the 10th German-Nigerian Business Forum, President Bola Tinubu said that with a resilient democracy, Nigeria is well primed to attract foreign direct investments.

The President witnessed the signing of two Memoranda of Understanding (MoU): one on the supply of gas from Nigeria to Germany and another for $500 million worth of renewable energy projects in Nigeria.

The signing of MoUs was between Riverside LNG of Nigeria and Johannes Schuetze Energy Import AG of Germany on the gas export partnership, while the other signed pact brought together Union Bank of Nigeria and DWS Group on cooperation in renewable energy.

CEO of GasInvest, Mr. David Ige, who signed the MoU on gas supply, said the Riverside LNG project aims to supply energy from Nigeria to Germany, extinguishing about 50 million cubic feet per day of flared gas in Nigeria.

”The project will supply energy from Nigeria to Germany at 850,000 tonnes per annum, expanding to 1.2 million tonnes per annum.

”The first gas will leave Nigeria for Germany in 2026, and there will be further expansion. This will extinguish about 50 million cubic feet per day of flared gas in Nigeria and open alleyways of new and greater exports of gas to Germany,’’ he said.

The German partners expressed confidence in investing in Nigeria’s gas sector.

Chief Operating Officer of Johannes Schuetze Energy Import AG, Mr. Frank Otto described the partnership as a “big deal” for the German market.

Chairman of Union Bank, Mr. Farouk Gumel disclosed the commitment of $500 million for e-energy projects in Nigeria, emphasizing the importance of rural inclusion and bringing more people into the formal economy.

”We believe this would bring rural inclusion and capture more people into the formal economy. Without inclusion, there is no growth. Thank you, Mr. President,” Mr. Gumel said.

Welcoming the new deals, President Bola Tinubu assured German businesses that with Nigeria’s stable political landscape, foreign investments into the country are secure.

”Since 1999, we have witnessed changes in democratic governance, with peaceful transfers of power within and between parties. Democracy in Nigeria has proven to be flexible and resilient. Shake off any remnants of the military era syndrome; we have moved beyond that. Despite challenges faced by other African nations, Nigeria stands firm, and we are your partners,” the President declared.

Outlining some of the achievements of his administration, which include his globally-acclaimed economic reforms, the President emphasized his commitment to sustaining the reforms and building stronger Nigerian-German relations.

”For those who feared various obstacles; look at me—I come from the private sector, trained by Deloitte. I served as the treasurer in Exxon Mobil. Define corporate governance in any way, and I am in it. I governed Lagos for eight consecutive years. Today, I can proudly beat my chest that Lagos state is on the horizon and the fifth-largest economy in Africa, rising from ground zero. This is the track record that led me to the presidency.

”Nigerians voted for me for reforms, and from day one of my inauguration, I implemented the reforms. My inaugural speech did not disclose what I would do. I removed the fuel subsidy that is a great burden to Nigerians from the moment I stepped into office.

”The arbitrage regime is gone forever. Now, you can bring your money in and out as you wish. If you encounter any problems, rest assured that I have built one of the most reliable teams Nigeria has seen to address them. I appeal to you to forget the past and focus on building a relationship that removes obstacles, fostering progress and prosperity in Nigerian-German relations.

”You can rely on us; we can rely on you; both of us can chorus Hallelujah at the same time,” the President concluded.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

November 21, 2023

STATE HOUSE PRESS RELEASE

PRESIDENT TINUBU MOURNS ELDER STATESMAN, CHIEF (OWELLE) GEORGE UWECHUE, SAN

President Bola Tinubu sympathizes with the Uwechue family and the Nigerian legal community over the passing of Chief George Uwechue, Owelle of Ogwashi-Ukwu, Delta State.

The late Uwechue was a Senior Advocate of Nigeria (SAN) and former Chairman of Nigeria’s Body of Benchers. He died at the age of 85.

President Tinubu describes the death of the elder statesman as a sad loss, extolling his contributions to the legal profession as well as to Nigeria.

“Chief Uwechue was an outstanding lawyer. He was also a leader through and through. He will be sorely missed for his deep insights and legal acumen, in addition to the incredible contributions he made to his community, state, Nigeria, and beyond. May God Almighty grant him rest and his family the strength to bear this painful loss,” the President says.

The late Chief Uwechue was elevated to the rank of Senior Advocate of Nigeria (SAN) in 1993. He remained a member of the Inner Bar for three decades. In 1990, he was appointed a member of the Body of Benchers; a position he held until he was appointed Chairman of the Body of Benchers in 2010.

Chief Ajuri Ngelale

Special Adviser to the President

(Media and Publicity)

November 21, 2023

PRESS STATEMENT

Re: Akeredolu Spent N7.3billion In Three Months On ‘Contingency’ Without House Of Assembly Approval

We have read the report published on SaharaReporters news platform claiming that the Ondo State Governor, Arakunrin Oluwarotimi Akeredolu,SAN, CON, spent N7.3billion in three months while he was on medical vacation.

In response to the concerns raised across various social media platforms, we wish to provide clarification for the sake of transparency and accountability, which are values synonymous with the Akeredolu-led administration.

It is important to state unequivocally that the referenced N7.3 billion constituted the cumulative amount of palliative funds received from the federal government. These funds were allocated under the contingency sub-heading to address unforeseen expenses not initially budgeted for but deemed necessary during the fiscal year.

While the original contingency fund in the 2023 budget was N1,069,000,000.00, the additional N7 billion represents funds received from the federal government labeled as “Infrastructure Support Fund,” specifically for palliatives meant to cushion the effects of fuel subsidy removal.

In accordance with the Ondo State Public Finance Management Law 2017, the establishment of a Contingency Fund is outlined in Part five, subsection (i) and (ii). It states: A contingency Fund is hereby established. (ii) The contingency Fund may be utilised for making money available to meet emergency expenditure (other than statutory expenditure) which is not provided for in the Appropriation Law for the current year and which although otherwise failing to be met out of the consolidated Revenue Fund or Capital Expenditure and Development Fund cannot without serious injury to the public interest be postponed until a Supplementary Appropriation Law providing for it can be enacted.”

Contingency funds are designed to address emergency expenditures not provided for in the current year’s Appropriation Law, but crucial to the public interest and requiring immediate attention.

Governor Akeredolu did not personally spend the N7.3billion; rather, these funds were appropriately utilised for palliatives. The funds were released to the state by the federal government as part of the efforts to mitigate the impact of the fuel subsidy removal nationwide.

Our administration remains committed to the highest standards of financial responsibility. Any claim of impropriety is unfounded. We encourage the public to rely on accurate information and refrain from being swayed by sensational claims lacking factual basis.

The Palliative committee will in due course avail members of the public the details of the expenditure of the palliative fund.

Signed:

Richard Olatunde

Chief Press Secretary to the Governor

November 21, 2023.

STATE HOUSE PRESS STATEMENT

PDP, ATIKU RAISING FALSE ALARM

In separate statements, the Peoples Democratic Party and the spokesman of Atiku Abubakar, its defeated Presidential candidate, threw caution to the winds as they assaulted the integrity of the judiciary and made wild and libellous allegations against President Bola Ahmed Tinubu.

In the wake of the poor run of some elected governors of the party at the appeal court, the PDP and former Vice President and his spokesman have become overtly desperate to hang their woes on President Tinubu and the judiciary, an important arm of government in Nigeria.

In blaming others, Atiku and his party have failed to demonstrate whether they had done any soul-searching before going public with their weighty, specious, reckless, and irresponsible allegations.

While we do not hold brief for the judiciary, we urge Nigerians to discountenance the malicious allegations by the PDP and its candidate that President Tinubu as governor of Lagos, silenced the opposition and corrupted the judiciary and that he is planning to foist a one-party state on the country by appointing “loyalists” as Resident Electoral Commissioners (RECs).

President Tinubu is a democrat to the core. We make bold to say that as president, he has not interfered with the judgment of the judiciary. We had witnessed how under his watch, the PDP governor in Osun defeated the APC at the Supreme Court.

Similarly, the PDP Governor in Bauchi also won his case in the Appeal court, beating the APC.

President Tinubu is also not planning to impose a one-party state as Atiku has serially alleged and his party and spokesman have now parroted.

These allegations are deliberately aimed at unnecessarily heating up the polity and causing disenchantment in our country.

They exist only in the imagination of the PDP and the former vice-president.

Unlike Atiku Abubakar, President Tinubu’s record as a democrat par excellence and a strong advocate of the rule of law have been globally acknowledged.

His record of service as governor, which witnessed giant strides in various facets of the state, was responsible for the dominance of his political structure in Lagos and not by any undemocratic conduct, as Atiku Abubakar wants the public to believe.

In contrast, it is on record that Atiku Abubakar recently confessed about the electoral heist his party executed in the South West in 2003, in , which Tinubu survived out of the six Governors of the defunct Alliance for Democracy.

While Atiku and PDP are now crying wolf over the Appeal Court rulings on governorship polls in Plateau, Zamfara and Nasarawa States, we hasten to ask the former Vice President where he was in 2019 when the court ruled against All Progressives Congress in Zamfara State. The court then awarded all the positions won by the APC to PDP.

Where was Atiku also in 2019 when in Rivers State, the court stopped APC from fielding any candidate in both the Governorship and House of Assembly elections?.

Where were Atiku and the PDP in 2019, when on the eve of the swearing-in of Bayelsa governor-elect, David Lyon, the Supreme Court handed the victory of the APC to the candidate of the PDP, Governor Diri who was earlier rejected at the poll by the people of Bayelsa?.

Atiku and PDP then savoured all these court-handed trophies as sweet victories for PDP and celebrated the courts as protectors of democracy.

Now that the same courts are annulling PDP victories, based on the blatant violations of the law by the lawless party, the party is mudslinging the judiciary and President Tinubu.

We once again implore Atiku and PDP to stop their campaign of calumny and blackmail against the judiciary and the honourable judges and justices. Judgments are based on law and evidence. In election petition cases, they are based on the Electoral Act and the Constitution, not on sentiments and emotions.

It is irresponsible and a disservice to our country for the opposition, after failing to observe the letters and spirits of the law, to now turn around to tear down an important arm of our government.

Bayo Onanuga

Special Adviser to the President on Information & Strategy

November 20, 2023

November 20, 2023

Press Statement

PDP Congratulates Former President Goodluck Jonathan at 66

…Says He is an Icon of Democracy

The Peoples Democratic Party (PDP) family celebrates former President of the Federal Republic of Nigeria, H.E. Dr. Goodluck Ebele Jonathan, GCFR as he marks his 66th birthday today.

President Jonathan continues to stand out as a National Icon of Democracy and International Statesman; a sincere, selfless, humble, courageous and patriotic leader who, as a product of the PDP, remains steadfast to his commitment towards the peace, unity, stability and development of our dear nation.

Nigerians across all divides celebrate President Jonathan for his unwavering commitment in upholding democracy tenets of Rule of Law, Separation of Powers, constitutionally guaranteed freedom and rights of citizens, the principles of justice, equity and fairness; dedication to free, fair and credible election in Nigeria in line with the manifesto and policy thrust of the PDP; credentials that are indelible in our national annals.

Dr. Jonathan is celebrated for his efforts in strengthening the bond of unity, love, harmonious living, mutual respect and understanding among Nigerians as well as creating an atmosphere for free enterprise, which enabled our nation to thrive in all sectors under his watch.

Our Party is proud of President Jonathan’s unprecedented achievements and massive economic productivity in all sectors through which the PDP administration under his Presidency bequeathed a $550 billion economy (largest in Africa and 26th globally) at the end of his successful tenure in 2015.

Sadly, these achievements have been reversed by the incompetent and massively corrupt All Progressives Congress (APC) administrations.

The PDP relishes the fact that in recognition of his democratic credentials, Dr. Jonathan’s continues to be saddled with foreign engagements including superintending over election observation and peace negotiation missions across the globe where he excels to the admiration of all.

The PDP family celebrates Dr. Jonathan on this auspicious occasion and prays to God to grant him more wisdom, good health and happiness in his service to our dear country and humanity.

Happy Birthday, Mr. President!

Signed:

Hon. Debo Ologunagba

National Publicity Secretary

November 20, 2023

Press Statement

Plateau: PDP Demands CJN’s Probe of APC’s Judiciary Control Claim

…Fingers Two Fmr. APC Governors, Ministers as Facilitators

The Peoples Democratic Party (PDP) calls on the Chief Justice of Nigeria (CJN) to defend the integrity of the judiciary by immediately setting up a Judicial Panel of Inquiry to probe the public boasting by leaders of the All Progressives Congress (APC) that the APC has persons in the judiciary, particularly at the Appeal and Supreme Court levels to do APC’s bidding on election cases before the Courts.

Nigerians were appalled by such boastings as also contained in a viral video by an APC leader, Hon. Yusuf Gagdi, a member of the House of Representatives from Plateau State wherein he said “We have gone to Appeal Court and the final destination is the Supreme Court and we will meet there. That is where we will know whom they know and they will know whom we know”.

The above statement by Hon. Gagdi further confirms the suspicion in the public domain that the APC has set up a special team comprising of two former Governors of the APC who are also serving cabinet ministers and a prominent APC leader from the North East Zone with the mandate to ensure the inducement of certain judicial officers to deliver judgments against the PDP as being witnessed in the series of bias judgments by the Plateau State Election Appeal Court Panel.

This statement by Hon. Gagdi also lends credence to allegations that a former Governor of the APC reportedly induced members of the Plateau State Election Appeal Court Panel with the sum of $5 million to deliver a bias judgment against Governor Caleb Mutfwang’s victory at the poll contrary to the position of the law on nomination of candidates and already established pronouncement of the Supreme Court that a Political Party cannot interfere in the internal affairs of another Party.

Hon. Gagdi’s declaration perhaps explains why the Plateau State Election Appeal Court Panel snatched the victories won by PDP candidates in the National Assembly elections in the State and awarded same to defeated APC candidates in varying, contradictory and conflicting judgments in Appeals with the same subject matter, same facts, same circumstances and same applicable laws.

It is therefore not surprising that the current Plateau State Election Appeal Court Panel which has been accused of bias with many Nigerians calling for its disbandment is the only Panel dedicated “Solely” to all Election Appeals from Plateau State, contrary to practice.

The conduct of the Plateau State Election Appeal Court Panel and the boastings of the APC is eroding integrity, potency and confidence of Nigerians in the time-tested saying that the judiciary is the last hope of the common man.

More worrisome is that the public claim by the APC that it has persons even at the Supreme Court has directly put the integrity and honour of the highest temple of Justice in our country at stake.

The loss of public confidence being generated by this claim has the capacity to push Nigerians to resort to self-help which is a recipe for anarchy, chaos and breakdown of Law and Order in our country.

The outcome of the Appeals decided by the Plateau State Election Appeal Court Panel is generating serious tension in Plateau State as the citizens are already taking to the streets in protest. Our concern is that the situation is capable of escalating into a full-blown crisis in Plateau and other States of the federation if not immediately addressed.

Insisting that the Judiciary remains the last line of defence for our nation’s democracy and political stability, the PDP demands that the CJN, as the head of the Judiciary, set up a high-powered panel to probe the claims by the APC of having persons in both the Court of Appeal and the Supreme Court as well as investigate the bribery allegations against the Plateau State Election Appeal Court Panel.

What Nigerians expect at this moment is for the judiciary to come clean on these grave allegations as well as uphold the primacy of pronouncements by the Supreme Court in the dispensation of justice on election matters.

Signed:

Hon. Debo Ologunagba

National Publicity Secretary