BusinessHighlight

Ministers didn’t shun US-Nigeria summit, says FG…As controversy continues to trail event

696

After almost 72 hours, fallout from the contentious Nigeria-US Summit continues to reverberate throughout Washington and Nigeria.

The Emir of Kano, Alhaji Lamido Sanusi, over the week-end expressed disappointment over the federal government’s poor attitude to the attraction of foreign investors.

“You invite top investors, your ministers are in Washington, and they do not come to talk to the investors about Nigeria. That is not how you attract investors. If you have this forum in the Rwandan Embassy, I assure you that President Paul Kagame himself would be there telling people to come, Sanusi at the venue of the event.

The Federal Government on Monday denied reports that Ministers who were invited to the US-Nigeria Investment Summit shunned the forum.

In a statement issued in London on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed, said most of the Ministers who were slated to attend the event were not invited and were not in Washington, DC, at the time, hence the insinuation that some Ministers collected estacodes without attending the forum is baseless.

He said the Ministers of Agriculture; Power Works and Housing and Budget and National Planning did not get any invitation from the organizers, even though they were listed among those who were expected to attend.

Alhaji Mohammed said the Minister of Industry, Trade and Investment, who was invited, was with the President at the Commonwealth Heads of Government Meeting (CHOGM) in London at the time of the summit, while the Minister of Finance, who was in Washington, DC, at the time, was there purposely to attend the 2018 Spring Meetings of the World Bank and the International Monetary Fund.

He said though he (Minister of Information and Culture) was invited to the forum, he wrote back to inform the organizers that he would not be able to make the trip due to conflicting schedules.

”It is clear from the foregoing that no Minister shunned the US Investment Summit and that the reports being circulated in that regard are bereft of facts,” the Minister said.

Meanwhile, controversy has trailed the summit with many describing it as ‘shoddy’.

Per Second News investigation in Washington revealed that the Embassy of Nigeria is facing a civil lawsuit by a businessman who alleged that he put together the “Meet and Partner with Government Policy Makers Institutional Investors Corporate Leaders” summit but the project was hijacked by officials at the Embassy of Nigeria.

The event initially billed to take place at the  5-Star  JW Mariott hotel in NorthWest, Washington, was changed to the lobby of the embassy due to financial constraints.

Officials of the hotel said organizers did not come up with advance payment and were advised to look for another venue.

Most members of the Corporate Council of Africa, CCA, the leading U.S. business association focused solely on connecting business interests in Africa did not attend the program.

CCA is the key resource group for conducting successful business in Africa and in an era of shifting U.S. policy and rapidly changing markets.

 

EDITOR’S NOTE

This is a developing story and will be updated.

 

 

Leave a comment

Related Articles

‘I Left Over N300bln in State’s Coffers Before Emergency Rule’ – Rivers Gov. Fubara

Governor Siminalayi Fubara revealed on Wednesday that Rivers State had over N300...

House of Reps Flags Unauthorized Changes to Tax Laws

Rep. Abdussamad Dasuki has alerted the House of Representatives to alleged discrepancies...

Just In: 4 Onboard as Aircraft Crashes in Owerri

A Cessna 172, registered as 5N-ASR and operated by Skypower Express, crashed...

ADC’s Promotion Blocked After Military Protests, Tinubu Backs Down

President Bola Tinubu has reportedly halted the extraordinary promotion planned for his...

Defensive Woes Haunt Super Eagles in Egypt Friendly Ahead of AFCON 2025

Nigeria’s Super Eagles suffered a 2-1 defeat to Egypt in a friendly...

Gas Supply Issues Cripple National Grid, Power Generation Drops – NISO

By Joycelyn Ellakeche Adah Nigeria’s national electricity grid has experienced a decline...

Fagbemi Hails Supreme Court Ruling on Rivers Emergency, Says It’s a Win for Nigerians

The Attorney General of the Federation and Minister of Justice, Prince Lateef...

Two Mortgage Banks Lose Licenses Over Breaches

The operating licences of Aso Savings and Loans Plc and the Union...

SGF Suspends NAFDAC’s Enforcement on Sachet Alcohol Ban

By Maryanne Awuya The Office of the Secretary to the Government of...

Tinted Glass Policy: NBA Threatens Legal Action Against IG, Police Spokesman

The proposed reinstatement of the motor vehicle tinted glass permit policy continues...

National Energy Survey: REA, NBS Partner to Strengthen Nigeria’s Power Sector Data

By Joycelyn Ellakeche Adah The Rural Electrification Agency (REA) and the National...

Insecurity and Women: FG Unveils Comprehensive Plan for Support and Protection

By Maryanne Awuya As part of efforts to address the impact of...

Just In: Ex-Chief Justice Of Nigeria Tanko Muhammad Exits 2 Weeks Shy of 72

Just two weeks to his 72nd birthday, former Chief Justice of Nigeria...

Dangote Provides Details of NMDPRA CEO’s Alleged $5m Swiss School Fees

Aliko Dangote, chairman of the Dangote Group, has revealed further details of...

Dangote-NMDPRA Rift: Reps Intervene, Summon Parties For Explanation

The House of Representatives Committee on Petroleum Resources (Downstream) has stepped in...

FG Pledges Support for Nigerian Army Modernization and Welfare

The Federal Government has reaffirmed its commitment to the Nigerian Army, promising...

Alleged N2.2bln Fraud: Buhari’s Minister Ngige to remain in Kuje prison till Dec. 18

Justice Maryam Aliyu Hassan of a High Court of the Federal Capital...

Just In: Nigeria’s Inflation Rate Drops to 14.45% in November 2025, Lowest in Five Years

Nigeria’s headline inflation rate has slowed down to 14.45% in November 2025,...

Emergency Rule: Supreme Court Justices Divided on President’s Power to Suspend Gov, Others

The Supreme Court affirmed the constitutional right of the President to declare...

AFCON 2025: 11 in Super Eagles Camp in Cairo With Latest Arrival, Zaidu Sanusi

Talented FC Porto defender Zaidu Sanusi has landed in Cairo, Egypt, significantly...