President Muhammadu Buhari has terminated the appointment of Hajiya Saratu Umar as the Executive Secretary/Chief Executive Officer of the Nigeria Investment Promotion Commission (NIPC), with immediate effect.
In a directive to the Honourable Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo CON, the President also mandated the most senior Director in the Commission to immediately take over in the interim.
Femi Adesina
Special Adviser to the President
(Media and Publicity)
April 6, 2023
PRESIDENT BUHARI BIDS FAREWELL TO ANGOLAN AND UAE AMBASSADORS
Two outgoing Ambassadors were hosted in farewell audiences at State House, Abuja, Thursday by President Muhammadu Buhari, and they had kind words to say about their tour of duty in Nigeria.
His Excellency, Dr Eustaquio Januario Quibato of Republic of Angola thanked the President for the “wise leadership you’ve been giving to Nigeria,” for being the Champion of Anti-Corruption in Africa, and for degrading the Boko Haram insurgency group.
The outgoing Ambassador also lauded President Buhari for repositioning the Nigerian economy to be less import dependent.
President Buhari recalled the role Nigeria played in the liberation of Angola, noting that the country uses its size and resources to help sister African nations as much as possible.
He said despite the rash of military coups in some parts of the continent, “democracy is still the best option.”
In another audience, President Buhari received the outgoing Ambassador of United Arab Emirates (UAE), Dr Fahad Obaid Al Taffaq, saying he was quite glad that Nigeria made a good impression on him, as he stated in his remarks.
Recalling that he had been well received anytime he visited UAE, President Buhari assured that the two countries will continue to improve on their relationship, “as we have so much in common.”
Dr Taffaq equally pledged that the two countries will continue to work “on the details of our relationship,” adding that he made lots of friends in government, the private sector, and civil society, in his five-year stay.
He said he traveled extensively in Nigeria, and has come to understand the diversity and culture of the people.
“I am leaving with beautiful memories. I will continue to be close to Nigeria in different capacities,” the Ambassador promised.
Femi Adesina
Special Adviser to the President
(Media and Publicity)
April 6, 2023
OUTCOME OF 2023 HAS CHANGED POLITICS,THERE IS NO MORE EASY ROUTE TO POWER SAYS PRESIDENT BUHARI
President Muhammadu Buhari, Thursday said the 2023 elections have proved the growing strength of our democracy and more especially, the sophistication of the Nigerian voter when it comes to the choice of the leaders.
Speaking when he received the newly-installed Emir of Dutse, Jigawa State Capital, Alhaji Muhammad Hamim Nuhu Sunusi at the State House in Abuja, President Buhari said the stunning outcome of 10 Governors failing to make it to the Senate meant that there is no longer a guaranteed route to power and the voter is truly the king when it comes to elections.
“It is a testament to the maturity of our democracy and to the amazing sophistication of the voter. What shocked me was that the ordinary citizen who is usually underrated has made the point of his political understanding of things. Assumption is always that you are Governor for eight years and you go to the Senate to crown the career. No one should underrate the Nigerian voter anymore. Politics will be more difficult, henceforth,” the President said.
After listening to the Emir who listed several government projects put in place for Jigawa State under the Buhari Presidency, and a request for some more, the President promised to do his best for the State in the remaining time left, and to brief the incoming President, Asiwaju Bola Ahmed Tinubu on those requests, agreeing with visitors that the particular problem of water supply to the State Capital is worrisome.
The President told the Emir and members of the Emirate Council who accompanied him that he and the entire nation will continue to miss his friend, the late Emir, Alhaji Nuhu Muhammad Sunusi, saying that he will continue to pray for the repose of the deceased.
The Emir and leader of the delegation, Alhaji Muhammad Hamim thanked the administration of Muhammadu Buhari for helping Jigawa State to excel in major rice production, for approving a rail link to Dutse from Kano and for the restoration of peace to the State, the entire nation and the neighbouring countries that had suffered past insecurity.
The Emir also welcomed the upgrading of the Army Battalion in Dutse to a full military Brigade and requested the President to do something about the acute water shortage affecting the State Capital.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
April 6, 2023
PRESIDENT BUHARI INAUGURATES NATIONAL COUNCIL TO IMPLEMENT NIGERIA STARTUP ACT 2022, ASSURES TECH-SAVVY YOUNG NIGERIANS OF FUNDS, TAX BREAKS
Ø NIGERIA PRODUCES FOUR OF SEVEN UNICORNS IN AFRICA VALUED AT OVER $7.5BILLION
President Muhammadu Buhari on Wednesday inaugurated the National Council for Digital Innovation and Entrepreneurship with the mandate to guide the implementation of the Nigeria Startup Act (NSA) 2022.
Speaking at the inauguration of the 14-member Council chaired by him, the President directed the Secretariat, the National Information Technology Development Agency (NITDA), to ensure faithful implementation of the Act, which provides incentives and support for start-ups, including tax breaks and access to funding.
The inauguration preceded the Federal Executive Council (FEC) meeting and had members of the Digital Innovation Council in attendance.
The President noted that Nigeria has been at the forefront of the remarkable growth of startups in Africa, with Nigerian start-ups raising over US$4 billion between 2019 and 2022.
‘‘It is worth noting the remarkable growth of start-ups worldwide, with over US$400 Billion of venture funding accessed in 2022.
‘‘This growth was fuelled by a surge in demand for digital services as people worldwide turned to technology to stay connected, work remotely, and access essential goods and services largely due to the COVID-19 pandemic.
‘‘In Africa, the startup ecosystem has also been growing at a remarkable pace.
‘‘In 2022, African startups raised a record of US$5.4 Billion in funding,’’ he said.
President Buhari, therefore, charged members of the Council to harness the potential of Nigeria’s young and innovative population, who have demonstrated their ingenuity, creativity, and entrepreneurial spirit in creating innovative solutions to the challenges of the nation and the continent.
‘‘With this inauguration, which serves as our first meeting, I hereby direct the Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami), to convene another meeting of the Council in May 2023 to make further progress on the implementation of the Act.
‘‘I congratulate the members of the National Council for Digital Innovation and Entrepreneurship on their assignment and wish them a successful and productive engagement in harnessing our youth talents and uplifting our country’s economy to new heights,’’ the President said.
Describing the Startup Act 2022 as a testament to the vision and commitment of his administration to harness the potential of Nigeria’s young and innovative population, the President recalled that it was developed in collaboration with his office, the Federal Ministry of Communications and Digital Economy, with the support of the Tech Ecosystem.
He explained that the Act, which became law after its approval by the Federal Executive Council on 15th December 2021 and the Presidential assent on 19th October, 2022, provides incentives and support for start-ups, such as tax breaks, access to funding, ease of doing business, intellectual property protection, and participation in public procurement.
He particularly commended the efforts of Pantami and the Chief of Staff, Professor Ibrahim Gambari, for this achievement.
The President acknowledged that as Nigeria aims to become a global talent factory through the implementation of the Startup Act 2022, its startup ecosystem still faces significant challenges, such as access to funding, support infrastructure, and skilled talent.
‘‘These remain major barriers to the growth of the ecosystem, particularly for early-stage start-ups.
‘‘The provisions of the Nigeria Startup Act 2022 represent an important step towards addressing these challenges and promoting the growth of a more vibrant and inclusive startup ecosystem in Nigeria.
‘‘Furthermore, implementation of the Act will lead to consolidation and further development of the gains recorded by Nigeria’s digital economy, in the last four years, in the areas of contribution to GDP and increased revenue generation, among others,’’ he said.
President Buhari stressed that the Council would serve a critical governance structure in the implementation of the Act, which will ensure that government agencies, entrepreneurs, investors, and support organizations collaborate with the startup ecosystem to achieve the goals of promoting the growth of a vibrant and sustainable startup ecosystem.
‘‘I had earlier directed the Secretariat, the National Information Technology Development Agency to commence the execution of the implementation plan it developed.
‘‘One of the important aspects of the implementation plan is the development of the Startup Portal, which will serve as a platform that will drive the implementation of the NSA 2022 and collaboration between all stakeholders,’’ he said.
The members of the Council include the Vice-President of the Federal Republic of Nigeria, Vice Chairman; the Minister responsible for Communications and Digital Economy, who will preside over the Council in the absence of the President and Vice President; the Minister responsible for Finance, Budget and National Planning; the Minister responsible for Industry, Trade and Investment; the Minister responsible for Science, Technology and Innovation and the Governor of the Central Bank of Nigeria.
Others are four representatives of the Start-up Consultative Forum, one representative of the Nigeria Computer Society, one representative of the Computer Professionals (Registration Council of Nigeria) and the Director-General, NITDA, who will serve as Secretary of the Council.
In his remarks, Pantami noted that it is widely accepted that digital innovation and digital entrepreneurship are the two prerequisites towards building an indigenous digital economy.
He said the inauguration of the Council would support the administration to consolidate the gains and achievements recorded in the digital economy sector.
‘‘This administration has set three unprecedented records when it comes to ICT contributions to GDP. For example in the first quarter of 2020, ICT alone contributed to 14.07 per cent to the country’s GDP.
‘‘In the second quarter of 2021, ICT alone, without digital services, contributed 17.92 per cent to GDP while in the second quarter of 2022, ICT contributed 18.44 per cent.
‘‘Annually, this administration has been setting new records when it comes to ICT contributions to GDP,’’ he said.
The Minister also used the occasion to apprise the Council that Nigeria’s broadband penetration is now 100 per cent with the deployment of SpaceX’s Starlink satellite Internet service.
Furthermore, Pantani said out of 7 unicorns in the continent, Nigeria now accounts for 4 unicorns worth over $1billion each.
‘‘All these unicorns in Nigeria attained this position during this administration. The first was in 2019, while the second, third and fourth attained this position in 2021.
‘‘57.14 per cent of the entire African unicorns originated from Nigeria while the market value of 7 of them combined as at February 2023 is $11.45billion, with the 4 from Nigeria contributing $7.5billion,’’ he said.
Femi Adesina
Special Adviser to the President
(Media & Publicity)
April 5, 2023
