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Sambo in London for HIIC meeting

28 Nov 2012

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Vice President Namadi Sambo

Muhammad Bello 
Vice President Namadi Sambo is in London today to represent President Jonathan at a two-day meeting of the 13th session of the Honourary International Investments Council (HIIC) of the Council, which holds at Beckley Hotel in Knightsbridge, Central London.


The coordinator of the council by Baroness Lynda Chalker of Britain had at the close of the 12th meeting in July at Abuja invited the president to meet investors. The meeting is also billed to focus on trade.

The HIIC is an ensemble of outstanding global investors that meets twice annually. It advises the Nigerian government on issues pertaining economic development particularly in the area of attracting the much needed foreign investors.

It was initiated by erstwhile President Olusegun Obasanjo in 2004 to curb political corruption in order to make the country a major in the global economy.


In a related development, the Nigerian High Commissioner to the United Kingdom, Dr Dalhatu Tafida, has stated his mission’s readiness to host the Vice President and his entourage.

Elated that the Mission has been able to solve one of the major issues raised by the HIIC at inception regarding delay in issuance of visas to both potential investors and visitors, Tafida said visas are now being issued to visitors and investors alike promptly with the introduction of online service as well as 24 hours fast-tack service.

"HIIC is a body set up in those days when President Obasanjo came to power and Nigeria was almost like a pariah state, people didn't want to go to Nigeria, they didn't want to hear about the name.

"And he set up the HIIC not necessarily to attract Nigerians to go and invest in Nigeria, but to also to attract investors that are non-Nigerians to go and invest in Nigeria, and this is the purpose of this. What they have been doing over the years is to find out and what does Nigeria need to do in order to make it easier for foreigners to have business in Nigeria. And they have done quite a lot,”he said.
Forbes ‘Africa Person of the Year’ Holds in Lagos.

The ABN Productions in conjunction with Forbes Africa Magazine have announced that the second edition of the ‘Forbes Africa Person of the year’ award ceremony will hold in Lagos on Thursday.

A statement from the organisers explained that the award recognises the individual that has made a significant impact in business through economic growth by creating employment and spearheading innovation in the continent.

Founder of Forbes Africa and the ABN Group, Rakesh Wahi stated that with Africa steadily becoming a leading market for business and development, it was important to recognise the champions driving the continent’s vision.

This year’s finalists are: Founder and President, Dangote Group, Alhaji Aliko Dangote; Chief Executive Officer and Managing Director, Equity Bank, Kenya, James Mwangi; Founder/Chairperson, Heirs Holdings and Tony Elumelu Foundation, Mr. Tony Elumelu; President of Malawi, Joyce Banda and Co-Founder, Aspen Pharmaceuticals, Steven Saad.

The event debuted in 2011 with Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, as the recipient of the award, for his stand against corruption.

The nominees for the ‘Person of The Year’ award were submitted by various industries as well as Forbes Africa readers who voted online.
Managing Editor, Forbes Africa Magazine, Chris Bishop, further said: “It is always a joy, to honour people in Africa who are out there achieving and pushing this continent forward”.

Tags: Nigeria, Featured, Business, LONDON, HIIC

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