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    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

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    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

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    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

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Agric, Refineries, Others: Obasanjo Leads Investors To Angola

...Meets President Lourenco In Luanda 

The Daily Crucible by The Daily Crucible
March 11, 2024
in News
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Agric, Refineries, Others: Obasanjo Leads Investors To Angola

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By Abayomi Ife, Abeokuta
Former Nigerian President Olusegun Obasanjo has met with the President of Angola on a trade mission with oil refineries, hydro power, pharmaceuticals and agriculture as areas of interest.
Obasanjo who led Nigerian investors under the aegis of the Angola Nigeria Business Council on the visit at the weekend, held a closed-door meeting with the Angola President, Joao Lourenco, hinting at investment in oil refineries, hydro power projects, agriculture, pharmaceuticals, and more as key areas the business meeting dwelled on.
The Nigerian elder statesman also met with Chairman of the Sovereign Wealth Fund, Armando Manuel, to explore possible joint investments between the two nations.
The ex – President’s Special Assistant on Media, Kehinde Akinyem who confirmed this in release on Monday, stated that Obasanjo also had a meeting with the former Prime Minister of Angola, Lopo Nascimento, to discuss investment opportunities and shared history between the two countries, particularly in light of Nigeria’s aid to Angola as a Frontline State in 1976, when he (Obasanjo) was the Military Head of State of Nigeria and Nascimento was the Prime Minister of Angola.
President of Angola Nigeria Business Council, Arch. Mrs Fifi Ejindu, said the Business Council serves as a driver for advancing economic cooperation with the private sector of both Countries taking the lead, stressing, “we can do great things when we stand together”.
Ejindu also met with The Vice President of the Republic of Angola, Esparanca da Costa, hinting that her “meeting comprehensively covered essential topics, fostering a dynamic and productive exchange of
strategies to enhance economic cooperation and bilateral relations between Angola and Nigeria”.
The President of the Council explained that Obasanjo’s involvement in the visit to Angola became necessary “because of his envious positive popularity in Angola and he is being looked upon to facilitate and attract investors from Nigeria to Angola and vice-versa.”
The Special Envoy to former President Obasanjo, Amb. ‘Leke Adebiyi, said “the visit was deemed productive and successful, as all parties expressed a keen interest in pursuing joint business ventures between investors from both Nigeria and Angola.
“This effort aligns with the vision of fostering stronger economic ties, creating viable investment opportunities, and promoting mutually beneficial partnerships between the two nations.”
Adebiyi added that, “the visit serves as a promising development in the ongoing efforts to bolster economic cooperation and trade relations, with the aim of harnessing the potential for growth and prosperity in both Nigeria and Angola.
“As our nations continue to explore new avenues for collaboration and investment, a brighter and more prosperous future awaits both Nigerian and Angolan citizens,” concluding, “we look forward to the continued partnership and shared success in the realm of investment and economic development,” Adebiyi said.
The delegation included the President of Angola Nigeria Business Council, Arch. Mrs Fifi Ejindu, Angola’s Ambassador to Nigeria, Ambassador Jose Zau, the Executive member of Angola Nigeria Business Council/Special Envoy to former President, Ambassador ‘Leke Adebiyi.
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