NEWS
Mbah to Lead Govs Roundtable as Commonwealth Investment Summit Opens in London
From Sylvia Udegbunam, Enugu
Enugu State Governor, Dr. Peter Mbah is to lead State Governors Roundtable on unlocking opportunities in Enugu and beyond as the 2025 edition of the Commonwealth Trade and Investment Summit (CTIS), opens in London on Monday.
This was contained in a press release issued by the Commonwealth Enterprise and Investment Council, CWEIC, at the weekend.
CWEIC, which has an official mandate from the Commonwealth Heads of Government to facilitate trade and investment, boasts of a network of over 140 Strategic Partners from both the public and private sectors and helps build vital relationships that drive economic growth and development in the Commonwealth’s 56 member countries.
According to CWEIC, the 2025 edition of CTIS, which is held from April 7 to April 8 at the historic Mansion House in London, would bring together the Commonwealth business community with Heads of Government, senior ministers, and representatives of Commonwealth governments.
“Following the Commonwealth Business Forum (CBF) and Commonwealth Heads of Government Meeting (CHOGM) in Samoa last October, this business-to-government summit will provide a platform to advance discussion, re-focus on critical issues, and ensure that Commonwealth business priorities are advanced.
“The Summit will feature plenary sessions and high-level roundtable discussions, supported by informal networking opportunities and one-to-one meetings, attracting some of the Commonwealth’s most high-profile participants. With over 400 delegates confirmed from more than 40 countries, CTIS 2025 is already heavily oversubscribed – highlighting the Commonwealth’s growing importance as a global network for trade and investment.
“In his capacity as Governor of Enugu State, HE Dr Peter Ndubuisi Mbah will be attending CTIS and will lead a State Governors Roundtable on unlocking opportunities in Lagos and Enugu States. Theroundtable will also feature representatives from Acre Capital, Africa Exim Bank, British International
Investment, Crown Agents Bank, KPMG, M&G Investments, Standard Chartered, and will provide an invaluable opportunity to tell Enugu’s story to the international business community.
“Confirmed speakers at CTIS include Hon. Lee Kinyanjui (Cabinet Secretary for Investments, Trade, and Industry, Kenya), Hon. Dr Jumoke Oduwole (Minister of Industry, Trade and Investment, Nigeria), Dr Hussain Ali Mwinyi (President of Zanzibar), Babajide Sanwo-Olu (Governor of Lagos State), The Rt Hon Alderman Alistair King (Lord Mayor of the City of London), Hon. Shirley Ayokor Botchwey (Secretary-General of the Commonwealth), as well as ministers from Gibraltar and Jersey.
CTIS 2025 will also feature representatives from major Commonwealth businesses, such as Lloyd’s, Open Capital, Arup, Crown Agents Bank, and Equity Bank Kenya, and representatives from major public investment organisations, such as British International Investment, and the European Bank for Reconstruction and Development. CTIS 2025 will be sponsored by Zenith Bank, as Anchor Partner and the Government of Cameroon, as Supporter.
“Discussions will focus on a wide variety of relevant issues, bringing together business leaders and senior policymakers. Sessions include high-level dialogues on reducing barriers to Commonwealth trade, unlocking investment in growth markets, artificial intelligence, and the global energy transition,” CWEIC stated.
Recall that the Mbah Administration in Enugu State and CWEIC had last December signed a strategic partnership agreement that would accelerate trade and investment inflow to the state.
Speaking during the partnership signing ceremony at the Government House, Enugu, the Chief Executive Officer (CEO) of CWEIC, Rosie Glazebrook, expressed the organisation’s eagerness to support the investment drive of the Governor Mbah administration.
“Our organisation is there to drive trade and investment. We do this with very excellent convening power. We will bring this to bear in our partnership with Enugu State.
“Our organisation is there to support and collaborate to really showcase anything that Enugu is ready to offer in investment and trade. Our organisation’s aim is to look out for how we can bring down barriers to trade and to encourage investment,’ Glazebrook had also told state house correspondents on the occasion.
The Deputy Speaker, House of Representatives, Chief Benjamin Kalu, says he will initiate programmes to aggressively disseminate the lofty achievements of President Bola Tinubu’s Renewed Hope Agenda to communities and households in the South-East.Kalu said this on Thursday during the unveiling of the Abia Headquarters of the Renewed Hope Partners (RHP), situated on Ojike Street, Umuahia.
He said that his target was to bring the region to the country’s mainstream politics by embracing the Tinubu’s administration wholly. He said that the Tinubu-led government had performed quite impressively since inception, hence the South-East must show more than a passive acceptance of the administration ahead of 2027.Kalu said: “My dear Ndigbo (Igbo people), the time for a token support has passed.“The pesident’s leadership has fundamentally improved our economy, empowered ouryouth, and begun to bridge the development gap in our zone.“Now, RHP must channel these achievements into electoral victories, ensuring theSouth-East sits at the heart of Nigeria’s renewed hope, as we expect more from the current administration.“By embedding these structures, strategies, and ambassadors into every household conversation, RHP will transform policy wins into popular mandate, guaranteeing that South-East not only benefits from but also drives the continuity of this administration.The deputy speaker also lauded the president’s establishment of the South-East Development Commission (SEDC) in July 2024.According to him, the key objectives of the SEDC include investments in agriculture, manufacturing, and technology tostimulate entrepreneurship and job creation.“Infrastructure development is another major focus, for building roads, railways, and energy facilities to enhance connectivity and spur trade.“Social integration is also prioritised, with initiatives promoting dialogue,reconciliation, and youth empowerment to strengthen unity,” Kalu said.He said that part of his strategies to drive the programme would be to launch “Renewed Hope Councils” in all the South-East LGAs, linked to SEDC outreach teams, turning policy wins intograssroots programmes.He also promised to organise public demonstrations of CNG buses, student-loan awardceremonies, amongst others, “showcasing tangible impacts in Abia, Anambra, Ebonyi, Imo, and Enugu.He said, “the RHP’s mission is to make President Tinubu’s Renewed Hope Agenda a household conversation in every South-East community – so votersunderstand, trust, and ultimately reward this administration in 2027.”The deputy speaker took time to present a detailed account of the president’s performance in different sectors of the nation’s economy.He also cited specific Federal Government’s interventions in critical areas in the South-East, notably gas and energy exploration and exploitation, resumption of work on the Eastern Rail Line, port revitalisation, as well as ecological and environmental interventions, amongst many others.The event was attended by chieftains of the party in Abia, including the state Chairman, Dr Kingsley Ononogbu, two past Speakers of the House of Assembly, Chief Stanley Ohajuruka, who is a member of the SEDC, and Mr Martins Azubuike, amongst others. (NAN)
The Presidency says the Tax Reforms Bill, when passed, will make housing more affordable and available to Nigerians by reducing tax burden on the construction and real estate sectorsThe Chairman of the Presidential Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, made this known in Abuja on Thursday at a Building and Construction Industry Forum.
The forum was organised by the Council of Registered Builders of Nigeria (CORBON) and Housing Development Advocacy Network (HDAN). Speaking on the theme “Nigeria’s Tax Reforms and the Building and Construction Industry: Implications and Opportunities”, Oyedele said the bill has many benefits, but it is being misconceived by some people.According to him, when the bill becomes law, Value Added Tax(VAT) on real estate transactions will be exempted, thereby lowering the cost of building materials and houses.“The bill is designed in a way to favour low income earners contrary to what is being claimed, it will also ease their burden.“There will be no VAT on lands, sale of real estate, and rent is exempted from VAT. Some of these are areas of controversies in the past.“There is an exemption on stamp duties for rents below N10 million a month and capital gains tax is also exempted on the sale of dwelling houses.m,” he saidOyedele added that, in the bill, building materials production including non- metallic products are eligible for priority sector incentives to boost production.He said reforms will be carried out on land transactions including titling and harmonisation of property taxes.“The Tax Reforms Bill will improve the affordability of housing. It will provide relief for people who are paying rent because what this bill is going to do is to remove a lot of the tax burden.“The essence is to make life better for everybody and improve the economic activities in the building and construction sectors, and by extension, the whole of the economy,” he saidOyedele encouraged Nigerians to seek more understanding of the tax reforms and stop relying on social media and headlines that were misinforming them.Speaking in the same veins, the Minister of Housing and Urban Development, Ahmed Dangiwa, said the bill offers a whole relief to construction firms and contractors.Dangiwa, represented by the Director, Public Building, Temitope Gbemi, said the ministry has fully aligned its housing policies with fiscal reforms.He said they were also working with tax authorities to ensure that real estate and housing investments were guided by clarity, equity, and investor protection.On his part, the CORBON Chairman, Samson Opaluwah, identified poor access to finance and multiple taxation as major drawbacks toward the expansion of the council’s potentials.He expressed the hope that the tax reforms bill would address the challenges and moreThe Executive Director of HDAN, Festus Adebayo, said the VAT exemption on lands, real estate and building materials producers was a welcomed development.He advocated for incentives in the tax reforms bill that would attract real estate developers and investors to go into building low cost houses for low income earners.(NAN)The Catholic Diocese of Kafanchan has confirmed the release of Rev. Fr Ibrahim Amos, who was kidnapped from his residence by bandits in the early hours of Thursday.Amos is the Parish Priest of St. Gerald Quasi Parish, Kurmin Risga in Kauru Local Government Area of Kaduna State.
In a statement, Rev. Fr Jacob Shanet, Chancellor of the Kafanchan Diocese, said Amos returned home unharmed at about 10pm on Thursday. Shanet thanked security agencies and members of the public for their prayers and overwhelming show of concern following the priest’s abduction. “Your kind gestures, love and prayers are a testament to the fact that we are not alone in the struggle to respect and promote the dignity of human life.“While we appreciate God for everything, we equally want to thank everyone for walking and praying with us in such a dark and terrible moment.“May the Blessed Virgin Mary, the mother of priests, religious, and all the angels, intercede for those in captivity and bring them back to their families and communities safe and sound,” he said. (NAN)
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