society
Capital Betrayal (Why Investors Are Abandoning Lagos for Abuja) ~The Bitter Truth
Capital Betrayal (Why Investors Are Abandoning Lagos for Abuja) ~The Bitter Truth.
By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com
In the staggering landscape of Q1 2025, a seismic economic shift has unfolded: Abuja, the Federal Capital Territory (FCT), has outpaced Lagos as Nigeria’s foremost magnet for foreign capital. Nigeria’s National Bureau of Statistics reports that the FCT drew US $3.047 billion in capital importation, compared to Lagos’s US $2.565 billion. This remarkable overtake marks the first time Lagos has been dethroned in decades as the top investment destination. This historic breakthrough raises a compelling question: Why is Abuja now eclipsing Lagos, Kano, Adamawa and Anambra in attracting foreign investment?
1. Strategic Political Capital and Policy Confidence.
Abuja, as the nerve centre of Nigeria’s federal government, enjoys unmatched political stability and regulatory clarity. The proximity to the presidency, the National Assembly and key ministries fosters investor assurance (especially for projects with government linkages or public) private partnerships. It is no surprise that in-depth coverage points to “A STABLE POLITICAL ENVIRONMENT and TARGETED, PRO‑INVESTMENT POLICIES” as foundational to Abuja’s ascent.
2. Robust Infrastructure and Landmark Developments.
Unlike traditional commercial hubs, Abuja has seen a robust push in infrastructure. Monumental projects such as the WORLD TRADE CENTRE ABUJA, a multi-use skyscraper complex in the Central Business District with over ₦152 billion (US $1 billion) in investments, signal Abuja’s emergence as a modern business nexus. Complementing this, developments like Centenary City (a futuristic, free‑zone smart city near Abuja International Airport) are positioning the FCT as the “Dubai of Nigeria”.
3. Institutional Power and Investment Enablers.
Abuja does not just build megaprojects, it cultivates ecosystems. The Abuja Investments Company Limited (AICL) is driving real estate, transport and technology through ventures such as the Abuja Technology Village Free Zone, automotive hubs and urban mass transit systems. Such institutional platforms simplify investment logistics, deepen investor confidence and strengthen Abuja’s case as a destination with built-in enablers.
4. Economies Eschew Risk: The ‘Hot Money’ Effect.
While Abuja’s capital influx is impressive, it is crucial to dissect the nature of this inflow. Nearly 92% of Q1 2025 capital was in the form of portfolio investments (short‑term, high‑yield “hot money”) rather than traditional foreign direct investment (FDI), which accounted for just 2.24% of inflows ($126.3 million). Abuja’s appeal to speculative funds may be influenced by its perception as a secure asset arena; a safe, high-return environment.
5. Contrast: Lagos and the Marginalized States.
Lagos, though a perennial powerhouse, likely suffers from its own structural challenges: congestion, cost pressures, over-dependence on finance/commerce and regulatory complexity. As analysts observe, many of Nigeria’s states failed to attract any foreign capital in 2024 due to INSECURITY, POOR INFRASTRUCTURE, WEAK GOVERNANCE and a LACK of INVESTMENT PROMOTION AGENCIES.
Against this backdrop, Abuja stands out as both accessible and cohesive.
Voices from the Field
At the Abuja Business and Investment Summit 2024, Barrister Wike captured the momentum: “Abuja is not just the political capital of Nigeria; it is a place of opportunities waiting to be harnessed.” He further underlined that “security is paramount in attracting investors. The safety of our investments is our top priority”.
His assertion cuts to the core: SAFETY, ORDER and OPPORTUNITY have a magnetic pull.
The Tipping Point: Abuja’s Winning Formula.
Abuja’s ascendancy is neither accidental nor fleeting; it is the product of STRATEGIC ADVANTAGES:
Policy clarity and stability rooted in its status as Nigeria’s political heartbeat.
World-class infrastructure and megaprojects that redefine business possibility.
Institutional architecture (e.g., AICL) that smooths investment pathways.
Perceived safety and predictability, attracting both equitized capital and speculative investors.
Relative vacuum of competition beyond Lagos, especially in States with systemic challenges.
However, a caveat: with FDI so marginal in the capital flows, Abuja’s position must evolve beyond being a magnet for “hot money.” It must become a real investment engine; one that fosters MANUFACTURING, TECH, TRADE and LONG-TERM ENTERPRISE.
In essence, Abuja has seized its moment (not through HAPPENSTANCE, but through design. Lagos may press forward, but for Q1 2025, the capital’s crown rests in the heart of the nation) and it is doing so with CONFIDENCE, SUBSTANCE and VISION.
~ George Omagbemi Sylvester | Published by SaharaWeeklyNG.com
society
Ajiran Youth Protest Over Deaths of Two Residents, Demand Justice
Ajiran Youth Protest Over Deaths of Two Residents, Demand Justice
The Ajiran community of Lagos State erupted in a powerful protest on Tuesday as local youths took to the streets to express their grief and anger over the tragic murders of Prince Ademola Akintoye and Sherrif Agboworin. The demonstration follows the recent decision to reopen the murder case, an investigation that has already led to the arrest of over nine suspects in connection with the heinous crimes committed more than a year ago.
Carrying vibrant banners and poignant posters featuring the faces of the deceased, the protesters marched through the heart of their community while singing somber dirges to honor their memory. With chants of unity and justice ringing in the air, they called on both the Lagos State Government and the Lagos State Police Command to ensure that those responsible are swiftly and decisively brought to justice.
The youth leaders emphasized that peace and normalcy will remain elusive in Ajiran until all those complicit in the killings are held accountable. They articulated that true justice is the only way to restore tranquility and honor the lives of Akintoye and Agboworin, whom they described as innocent victims of a grave injustice.
Speaking on behalf of the demonstrators, youth leader Mr. Kehinde Oladele urged law enforcement to conduct a thorough and fair investigation. He asserted that every individual involved including the nine arrested suspects must face the full extent of the law. Especially Hammed Tajudeen, the principal suspect mentioned by others in custody, whom they believe should not escape scrutiny.
“The reopening of this case after more than a year is a critical first step towards achieving justice and fairness for our brothers,” Oladele said. “We urge the police to get to the root of the matter. Those mentioned during the investigation, especially Hammed Tajudeen, should not be spared.”
The atmosphere in the community grew increasingly tense last week following speculation that prominent businessman Aare Bashir Olawale Fakorede was implicated in the unrest. The speculation appeared to stem from his alleged influence on the reopening of the murder investigation. This misunderstanding escalated when a group of protesters targeted his filling station in Ikate, vandalizing his properties and disrupting business operations in the gas station based on the false assumption that Fakorede was behind the police’s renewed inquiries.
In response to the rising tensions and misinformation, Fakorede’s spokesperson, Ola Muhammed, issued a comprehensive statement denying any connection between Fakorede and the unrest. The spokesperson emphasized that rumors suggesting the businessman orchestrated the revival of the murder case were completely unfounded.
“I feel it is crucial to clarify, for the sake of transparency and historical accuracy, that this entire ordeal is in no way related to me,” Fakorede stated. “I am also very interested to see that the culprits are brought to book. I categorically affirm that I have never been involved in any business dealings with Mr. Hammed Tajudeen.”
Fakorede further elaborated that the recent protests which led to the destruction of his property were reportedly instigated by Tajudeen and others who seem determined to manipulate the narrative and cast suspicion upon him. Fakorede expressed his own strong commitment to uncovering the truth surrounding the deaths.
As the police investigation progresses, it has become increasingly apparent that all accusing fingers are pointing to Hammed Tajudeen who is currently evading capture, adding another layer of complexity and urgency to the ongoing situation. Community members have questioned why he remains at large instead of submitting himself to the police for questioning if he is truly innocent of the allegations against him.
Community leaders are now emphasizing the need for dialogue to address the root causes of the unrest and work toward restoring harmony within Ajiran, even as the demand for justice remains at the forefront of public consciousness.
society
Ramadan: Al-Yusuff International Travels and Tours Boss Greets Muslims
Ramadan: Al-Yusuff International Travels and Tours Boss Greets Muslims
As the holy month of Ramadan begins across the globe, the Chief Executive Officer of Al-Yusuff International Travels and Tours Limited, Dr. Abdulmajeed Oladele, has extended his heartfelt greetings to Muslims worldwide.
In his message, the respected business mogul expressed gratitude to Almighty Allah for the privilege of witnessing this year’s sacred month.
“We glorify Allah for granting us the grace and opportunity to witness this year’s month of blessings. Ramadan is a sacred and special month for all Muslims, a month greater than many others, filled with piety, mercy, and abundant blessings.
I congratulate all Muslims across the world. Let us faithfully observe the requirements of Ramadan. May Allah (SWT) grant our heart’s desires and make this period easy and rewarding for us all.”
Dr. Oladele urged Muslims to embrace the spiritual significance of Ramadan through devotion, charity, self-discipline, and prayers for peace and prosperity.
society
UKA UNVEILS THREE-TIER ATC PLATFORM AS MONARCH ANNOUNCES $10BN GOLD-BACKED MILESTONE
UKA UNVEILS THREE-TIER ATC PLATFORM AS MONARCH ANNOUNCES $10BN GOLD-BACKED MILESTONE
Emperor Nobilis Prof Solomon Winning declares global recognition of ATC ecosystem, urges citizens and partners to embrace unified digital, crypto and gold-backed financial structure
The Reigning Monarch of the United Kingdom of Atlantis (UKA), Emperor Nobilis Prof Solomon Winning, has formally announced what he described as a historic milestone in the financial evolution of the Atlantis nation and empire worldwide, the consolidation and global recognition of the ATC financial ecosystem backed by a $10 billion gold reserve.
In a voice message released from the Office of the Throne, the Monarch expressed gratitude to God and to citizens and partners across the globe for what he termed a “defining achievement” in the journey of the United Kingdom of Atlantis.
According to him, the ATC asset structure, supported by a $10 billion gold-backed certificate, has now been positioned among the world’s leading capitalisation financial platforms, ranking number 12 globally.
“We appreciate God for the milestone achieved of our 10 billion gold-backed certificate of ATC assets. We are delighted to inform our esteemed citizens, partners, viewers and friends all over the world that ATC has come to stay,” the Monarch declared.
Three Distinct but Interconnected ATC Platforms
Emperor Winning explained that the UKA Government and the Atlantis nation have officially released three integrated ATC platforms to the general public. He emphasised that while each platform serves a distinct purpose, they are structured to interact seamlessly for effective management, business transactions and global trading operations.
1.ATC Digital (Government Platform)
The first platform, known as ATC Digital, is the official government-backed digital transaction system. It is designed to facilitate digital financial operations within the UKA ecosystem and serve as the administrative and transactional backbone of the nation’s digital economy.
The Monarch described it as the formally recognised digital framework governed directly by the government under the Throne.
ATC Gold Version (Business and Trade Platform). The second platform, referred to as the ATC Gold Version, is primarily tailored for business trade, commercial exchange and transactional fluidity. It is structured to enhance business-to-business engagement, exchangeability and broader economic interaction.
“This version is mainly for business trade, business exchange and commercial transactions,” he clarified.
ATC Crown Coin (Crypto and Visitor Platform)
The third platform, known as the ATC Crown Coin, represents the Atlantis Crown Coin and is linked to what the monarch described as the Atlantean Bank Gold structure. This version operates as a crypto and digital hybrid, including visitor engagement capabilities and broader exchange functions.
(atlantisgoldbank.org
The Digital/Cryto currency Version
Atlantian Crown Gold (E-ATC) https://share.google/a7Jns9VtrMKCZ6Prk
The E-ATC purely for Trading and Exchang
Atlantean Crown (ATC) – The Future of Digital Currency https://share.google/1EhdkkDBFvBLLgfR1
The Digital version for Government
We also Have DEOS INTERNATIONAL Bank (DIB)
And ATCB)
The Monarch indicated that all three platforms are interconnected to ensure efficiency, transparency and global recognition.
“Please do not be confused. The United Kingdom of Atlantis has three major versions of ATC. Two are crypto-based, one is digital; one is also a hybrid of crypto and digital. All three interact together for effective management and effective business transactions.”
Global Recognition and Expansion Vision
Emperor Winning further asserted that the ATC ecosystem is already recognised internationally and positioned within the global financial framework. “Our platforms are presently recognised in the whole world,” he said, while encouraging existing holders of ATC assets to remain confident in the system.
He congratulated all ATC holders and reiterated the Throne’s commitment to strengthening the ecosystem’s credibility, usability and cross-platform functionality.
A Strategic Financial Architecture
Observers say the three-tier structure reflects an attempt by the United Kingdom of Atlantis to create a multi-layered financial architecture combining government-regulated digital systems, crypto-based trade platforms and gold-backed reserve credibility.
By integrating digital governance with cryptocurrency and gold certification, the UKA appears to be positioning ATC as both a sovereign-backed asset and a tradable global instrument.
As the UKA advances its financial ambitions, the monarch’s message signals a push for adoption, participation and global engagement with the ATC ecosystem.
“If you are a holder of ATC, congratulations to you from the Throne. God bless you,” the monarch concluded.
The development marks another significant chapter in the evolving digital and gold-backed finance narrative emerging from the United Kingdom of Atlantis.
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