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Shettima Commissions Nigeria House in Davos

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nigeria house davos

By Adedapo Adesanya

Vice President Kashim Shettima has formally opened the Nigeria House in Davos as the 2026 World Economic Forum kicks off in Switzerland.

The unveiling, which took place on the sidelines of the World Economic Forum, marks the first time Nigeria is establishing a House in Davos.

The Nigeria House is designed to serve as a strategic hub for engaging global investors and promoting key sectors of the Nigerian economy.

The facility will provide a platform for investment discussions, partnerships and policy engagements aimed at attracting foreign direct investment into the country.

Members of the Nigerian delegation, alongside foreign partners and stakeholders, were present at the official opening of the Nigeria House.

Speaking on the initiative, the Minister of Industry, Trade and Investment, Mrs Jumoke Oduwole, said Nigeria is showcasing four major investment areas at the forum—solid minerals, sustainable agriculture, the creative industry and the digital economy.

The country said it will use this year’s Davos forum to press its case as a stable, reforming economy at a time when global investors are pulling back from emerging markets and geopolitical tensions are reshaping capital flows.

The forum’s theme, The Spirit of Dialogue, aligns with Nigeria’s strategy of pairing macroeconomic reforms with sustained engagement with investors, development partners, and global policymakers.

“At a time of heightened uncertainty, the world is looking to Nigeria as a pillar of economic stability in Africa — not only because of its size, but because of the reform choices it has made,” according to the Ministry of Finance.

“This positioning places Nigeria firmly within the global dialogue on how emerging markets can navigate volatility while sustaining reform momentum.”

According to the ministry, Nigeria’s message in Davos is straightforward: the country intends to stay the course on market-oriented reforms, maintain macroeconomic discipline, and protect institutional credibility, including the operational independence of the Central Bank of Nigeria, as a foundation for price stability and investor confidence.

Meetings in Davos will focus on deepening dialogue with global investors, development finance institutions, credit ratings agencies, and multinational companies.

The aim, according to the ministry, is to address lingering concerns around policy consistency, foreign-exchange stability, inflation, and fiscal sustainability, while reinforcing Nigeria’s ambition to act as a reform anchor in Africa’s largest economy.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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NPA Working to Eliminate Manual Bottlenecks, Synchronise Operations Across Seaports

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Activities at Nigeria's Seaports

By Adedapo Adesanya

The managing director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, has said the organisation is in collaboration with the International Maritime Organisation (IMO) to deploy the Port Community System (PCS) will eliminate manual bottlenecks and synchronise operations across Nigeria’s seaports.

Mr Dantsoho disclosed this at a recent three-day high-level stakeholder engagement in Lagos titled Achieving a 7-day Cargo Dwell Time, organised by the Presidential Enabling Business Environment Council (PEBEC) in collaboration with the NPA.

The engagement convened the Ports and Customs Efficiency Committee (PCEC) under the Business Environment Enhancement Programme Accelerator (BEEPA) framework, focusing on streamlining port processes to improve efficiency and ease of doing business.

According to the NPA boss, the PCS will serve as the digital backbone of the National Single Window, enabling seamless information exchange among port stakeholders and reducing delays caused by manual documentation.

On her part, the director-general of PEBEC, Mrs Zahrah Mustapha, said the session was designed to go beyond identifying challenges and focus on implementing long-overdue practical solutions.

“Nigeria loses significantly every day due to operational inefficiencies,” Mrs Mustapha said. “These are not just numbers; they represent missed opportunities, jobs not created, and delayed economic growth. This reform is about resilience and unlocking the nation’s economic potential.”

She added that the initiative brings together government regulators and private-sector stakeholders to promote transparency and accountability, with the ultimate objective of reducing cargo dwell time and improving vessel turnaround time.

Recall that the NPA recorded a 100 per cent success rate in PEBEC reforms, ranking fifth among government agencies in 2025 with an 84.2 per cent compliance rating.

Outcomes from the stakeholder engagement are expected to be implemented in the coming months. By addressing operational gaps identified during port inspections, the NPA and PEBEC aim to build a more competitive maritime environment that attracts investment and facilitates seamless trade.

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Swedfund Puts $15m into Phatisa for Sustainable Food Systems in Africa

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Phatisa Food Fund 3

By Modupe Gbadeyanka

The sum of $15 million has been invested in Phatisa Food Fund 3 by Swedfund to improve food security, support decent job creation, and contribute to more resilient and sustainable food systems across Africa.

Swedfund’s investment is part of an $86 million first close, together with development finance institutions BII, Norfund, IFC, and FinDev Canada.

The investment aims to improve food security, support decent job creation, and contribute to more resilient and sustainable food systems.

Phatisa will invest in companies seeking to grow or transition ownership, and building on its long track record in the sector, the investment is expected to support companies that can expand production capacity, enhance efficiency and create more stable employment in local and regional markets.

Africa’s food systems are under increasing pressure from population growth, climate impacts, and fragmented value chains. Enhancing production, processing, and distribution is essential to ensure food becomes more accessible and affordable, while strengthening livelihoods.

“Strengthening food systems is essential for inclusive and resilient growth across African markets. Through this investment, we help channel long-term capital to companies that can expand production, support decent jobs, and improve access to affordable and nutritious food.

“The investment also contributes to deeper value chain integration, supporting more stable and sustainable livelihoods over time,” the Investment Manager for Food Systems at Swedfund, Sebastian Süllmann, stated.

Phatisa Food Fund 3 focuses on established companies across the food value chain in multiple African markets.

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Protest in Abuja Over Senate’s Decision on e-Transmission of Election Results

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occupy national assembly protest

By Adedapo Adesanya

Some protesters on Monday took over the streets of Abuja to register their displeasure over the Senate’s decision to reject the real-time transmission of election results.

The demonstrators have promised to Occupy National Assembly despite a heavy security presence at the parliament, with personnel drawn from the Nigeria Police Force, the Nigerian Army, and the Nigeria Security and Civil Defence Corps.

Although the Senate has issued several clarifications over reports that it rejected electronic transmission of results, the protesters insist that lawmakers must be explicit by including the phrase “real-time electronic transmission” in the proposed legislation.

Members of civil society organisations, a handful of opposition African Democratic Congress (ADC) members, and some women’s groups are gathered at the entrance of the National Assembly for the protest.

The Nigeria Labour Congress (NLC) on Sunday joined the call on the Senate to legalise the real-time transmission of election results, warning that the National Assembly’s refusal to make the provision law would lead to workers’ mass action.

Amid these threats, the Senate will hold an emergency plenary session on Tuesday, February 10, 2026.

In a notice sent by the Clerk of the Senate, Mr Emmanuel Odo, the lawmakers were directed to convene at the National Assembly complex on the instruction of Senate President Godswill Akpabio.

“I am directed by His Excellency, the President of the Senate, Distinguished Senator Godswill Obot Akpabio, GCON, to inform all Distinguished Senators of the Federal Republic of Nigeria that an Emergency Sitting of the Senate has been scheduled to hold as follows: Date: Tuesday, 10th February, 2026. Time:12:00 Noon. Venue: Senate Chamber,” the notice read.

Mr Odo urged all senators to attend the emergency sitting.

“All inconveniences this will cause to Distinguished Senators are highly regretted, please,” the memo read.

No reason was stated for the meeting, but the development comes amid debates about the e-transmission of election results after the Electoral Act amendment bill passed the third reading at the Senate. The lawmakers had adjourned plenary after that.

Clause 60 (30) of the Electoral Amendment Bill is connected with the electronic transmission of results. On Wednesday, the Senate retained the provision for the electronic transfer of results as contained in the 2022 Electoral Act.

The Upper Chamber rejected moves for the real-time transmission of results and a 10-year ban on vote-buyers and instead retained the sanctions of jail terms and fines.

Since the development, the Senate has come under fire. However, some of its members have clarified that the bill enjoyed the support of a majority of the senators.

Besides the e-transmission issue, the Senate also blocked the download of electronic voters’ cards from the INEC website, reduced the notice period for elections from 360 to 180 days, and cut the timeline for publishing the list of candidates from 150 to 90 days.

The Senate’s position on the transmission of election results contrasts with that of the House of Representatives. However, both chambers have set up conference committees to harmonise their differences, after which a clean copy will be transmitted to the President for assent.

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