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US Deputy Treasury Secretary, Adeyemo To Visit Nigeria To Strengthen Economic Ties

Nigerian-born United States Deputy Treasury Secretary, Wally Adeyemo is expected to visit Nigeria to boost economic ties between the US and the West African nation.
Adeyemo is scheduled to meet with key government officials, business leaders, and representatives from various sectors.
The visit comes as Tinubu is embarking on reforms to revive the country’s economy.
The US Government, in a statement on WordPress, said, “We are excited to announce that the Deputy Treasury Secretary will soon be making a highly anticipated visit to Nigeria in a significant effort to strengthen economic ties between the United States and Nigeria.
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“This visit comes at a crucial time when both countries have recognized the immense potential for collaboration and mutual growth. Nigeria, with its vibrant economy and abundant resources, offers a vast array of opportunities for foreign investment, while the United States, as a global economic powerhouse, brings extensive expertise and capital to the table.
“During the visit, the Deputy Treasury Secretary will engage in a series of high-level meetings with key government officials, business leaders, and representatives from various sectors. The discussions will revolve around enhancing trade relations, exploring avenues for investment, and addressing any potential barriers that hinder the bilateral economic relationship.
“Nigeria, as Africa’s largest economy, has witnessed remarkable transformation in recent years. The government’s commitment to economic reforms, infrastructure development, and diversification has attracted substantial foreign interest.
“The visit by the Deputy Treasury Secretary further reinforces the United States’ recognition of Nigeria’s potential as a strategic economic partner.”
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Adeyemo, in an interview with The New York Times, said, “It’s one of those opportunities to go to a place that means a lot to me personally, but also to go to a place that means a lot to me professionally, just given that Nigeria is Africa’s largest economy with a huge demographic boom.”
“It’s just a great chance for me to talk about how we can deepen the economic relationship and the strategic relationship at a moment when Nigeria has a government that’s already taken really important steps in terms of economic reform.”
Adeyemo said that his message in Nigeria will be that “the United States wants to be your partner, not only to provide development assistance, but to think about how we deepen our investment and trade relationship.”
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Reps Raise Alarm Over N1.65trn In PIA Funds Denied To N’Delta
The House of Representatives Committee on South South Development Commission (SSDC) has raised alarm over Nigeria’s failure to implement two key Petroleum Industry Act (PIA) funds, saying it has denied the Niger Delta an estimated N1.65 trillion earmarked for environmental cleanup and decommissioning of obsolete oil facilities since 2021.
Chairman of the committee, Hon. Julius Gbabojör Pondi, disclosed this on Tuesday during an interactive session at the National Assembly, which examined the continued dormancy of the Abandonment and Decommissioning Fund and the Environmental Remediation Fund, both mandated under the PIA.
The session brought together representatives from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the National Oil Spill Detection and Response Agency (NOSDRA), SSDC, and the supervising Ministries of Petroleum and Environment, with the aim of establishing a coordinated framework to activate the funds.
According to Pondi, the data presented to the committee indicate that the Abandonment and Decommissioning Fund should have accrued between N850 billion and N1.1 trillion, while the Environmental Remediation Fund should have amassed between N420 billion and N550 billion if properly operationalised since 2021.
READ ALSO:Tinubu Addressing Development, Economic Growth, Peace, Security In N’Delta – PAP Boss
He described the delay as a serious breach of environmental justice and a threat to sustainable development in the Niger Delta, noting that the funds were intended to hold oil and gas companies fully accountable for decommissioning outdated infrastructure and rehabilitating degraded ecosystems.
“These funds were created to prevent the shifting of environmental liabilities to local communities. Yet, four years after the enactment of the PIA, they remain dormant, leaving farmlands polluted, rivers contaminated, fisheries depleted, and communities exposed to health hazards,” Pondi said.
The lawmaker criticised the lack of transparency and operational progress from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), calling it a demonstration of institutional incapacity.
He warned that continued failures could prompt the creation of a new dedicated agency to ensure proper administration of the funds.
Pondi reaffirmed the committee’s commitment to oversight and insisted that legislative instruments must deliver tangible benefits to host communities.
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“The National Assembly cannot continue to look away while environmental liabilities multiply and communities suffer. The era of shifting cleanup responsibilities to impoverished communities must end,” he said.
In other news, drama erupted on the floor of the House of Representatives on Tuesday as the Chairman, House Committee on Petroleum Resources (Upstream), Alhassan Ado-Doguwa, launched a stinging critique of President Bola Tinubu’s administration over the worsening insecurity across the country.
He declared that Parliament should be shut down if the government fails to restore order and peace in volatile areas.
Doguwa, who spoke during a special plenary session convened to review Nigeria’s national security situation, said the nation was engaged in a full-scale war against humanity, insisting that the government’s best efforts were no longer sufficient.
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While acknowledging ongoing operations by security agencies, the former Majority Leader said President Tinubu’s government had fallen short of its constitutional responsibility to protect lives and property, especially in the North, where he described the situation as devastating, unspeakable and tragically unbearable.
He warned that the deepening security crisis marked by banditry, kidnappings, terrorism and attacks on communities risked derailing political stability ahead of the 2027 general elections, arguing that there was now a “calculated attempt to demoralise the Nigerian state.”
“Mr. Speaker, I am therefore prepared to say that no matter what the government does—my government, led by Bola Ahmed Tinubu, the APC government, my party and despite all the submissions and efforts of the security agencies through their respective chairmen, I want to say that yes, the government is doing its best, the security agencies are doing their best, but with every sense of responsibility and without any fear of equivocation, their best is not good enough.
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“It is not good enough because the security situation in Nigeria today is horrific. Mr. Speaker, our security situation is tragic. The situation, especially in the North where I come from, is devastating.
“Our security situation in Nigeria today is unspeakable. It is unspeakable because our people are left ravaged in tension, fear, and despair, all because we are lacking in institutional and collective responsibility as a government. Mr. Speaker, the fact remains the same.
“I like that everyone of you here says that the responsibility of every democratic or elected government or military governments is fundamentally the security of the lives and property of its own people.
“Mr. Speaker, what we have today is like a failed security system. In my opinion, it is like, to quote the popular Bob Marley in his song from the 1980s, when he was saying: war in the North, war in the West, war in the East, and war down South.”
(GUARDIAN)
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FG Enlists NYSC Members In Campaign To Fight Small Arms, Light Weapons Proliferation In Northeast
The Federal Government has charged the National Youth Service Corps (NYSC) members across the Northeast sub-region to play an active role in curbing the spread of Small Arms and Light Weapons, SALW, across the region.
Northeast Zonal Director of the National Centre for the Control of Small Arms and Light Weapons, (NCCSALW) under the Office of the National Security Adviser to President Bola Ahmed Tinubu, Maj.-Gen. Abubakar Adamu (Rtd), gave the charge yesterday at the NYSC Orientation Camps in Potiskum, Yobe state and Maiduguri, Borno state.
Maj:-Gen Adamu (Rtd), represented by Mr. Aminu Saleh Mohammed, Assistant Director of Strategic Communication and Information of the Centre, said the active involvement of youth, especially corps members, would significantly help to tackle insecurity.
He explained that the NCCSALW, established in 2021 under the Office of the National Security Adviser, serves as the institutional framework for regulating and controlling Small Arms and Light Weapons in Nigeria.
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While sensitizing the corps members on camp in Yobe state on the dangers of the proliferation of arms and weapons on the society, the Zonal Director said such weapons fuels banditry, kidnapping, cultism, political thuggery, insurgency and other crimes.
“When you get to your places of primary assignment, be good ambassadors of your parents, NYSC, your state and yourself by reporting anyone in possession or involved in the fabrication of small arms and light weapons,” he urged.
According to him, Small Arms and Light Weapons hinders development, increases black marketers of arms and ammunition, causes undue exposure of young people to armed-violence, heightens transborder insecurity, create fears in the minds of the people and many other vices in the society.
He called on all parents and guardians to take full responsibility of good child upbringing in all ramification, educate children on tolerance and peaceful co-existence and warn against violence.
He advised them to also observe and closely monitor behavioral changes for prompt correction.
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Similarly, at the NYSC Orientation camp in Maiduguri, the Centre’s Northeast boss called on scholars and clergymen to teach and sensitize their congregations on the dangers of proliferation of SALW, tolerance and peaceful co-existence.
“They should caution their congregation against the use of illicit SALW, facilitate reconciliation among extremists and victims for successful reintegration and surrendering,” he said.
He also called on the Northeast Coordinators of NYSC to partner with the Centre to establish a Small Arms and Light Weapons Community Development Service (CDS) group in the states, similar to one already operational in Borno.
In their separate reactions, the NYSC Coordinators in Yobe and Borno states, Mr. Edison Ohuoha and Mallam Nasir Bello, welcomed the proposal, assuring that efforts would be made to set up the CDS group to support the campaign.
They promised to work closely with the Centre in order to fight and eradicate the proliferation of illicit small arms and light weapons within the region by carrying out sensitization in strategic locations.
News
Coup: ECOWAS Suspends Guinea-Bissau
The Economic Community of West African States, ECOWAS, has suspended Guinea-Bissau from all its decision-making bodies following the military takeover in the country.
The suspension was announced after an emergency virtual meeting of the ECOWAS Mediation and Security Council, MSC, late Thursday.
The session was chaired by Sierra Leone’s President Julius Maada Bio, who also leads the Authority of ECOWAS Heads of State and Government.
In its communiqué, the MSC said the decision was taken in line with the ECOWAS Protocol on Democracy and Good Governance (2001), stressing that Guinea-Bissau would remain suspended until full and effective constitutional order is restored.
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The coup unfolded on Wednesday, barely three days after the country’s contentious presidential and legislative elections.
The mutinous officers halted the electoral process, shut the nation’s borders and stopped the release of official results.
ECOWAS strongly condemned the takeover, describing the detention of several individuals, including incumbent President Umaro Sissoco Embaló, widely projected to win the election, as unacceptable.
“The MSC condemns in the strongest terms the coup d’état perpetrated on 26 November 2025 and calls for the immediate restoration of constitutional order,” the statement read.
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It also rejected any arrangement that would legitimise the disruption of the democratic process or undermine the will of the people of Guinea-Bissau.
The regional bloc demanded the prompt release of all detained political actors, including President Embaló, electoral officials, and other arrested figures.
ECOWAS also insisted that the electoral commission be allowed to announce the results of Sunday’s vote without interference.
Despite regional pressure, the coup leaders have named the army’s chief of staff, General Horta N’Tam, as transitional head of state for a one-year period.
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