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
Police Officers Detained as Family Property Dispute Sparks Demolition Controversy in Lagos
Police Officers Detained as Family Property Dispute Sparks Demolition Controversy in Lagos
By Ifeoma Ikem
A property dispute within the Omotayo-Ojo family has taken a dramatic turn following a controversial demolition exercise at a residential building in Ikosi-Ketu, Lagos State, which reportedly left tenants displaced and led to the detention of some police officers allegedly involved in the operation.
The property, located at 23B Loveall Street, Ikosi-Ketu, has been the subject of a prolonged ownership tussle since the death of its owner, Chief Oludola Omotayo Ojo, the Babaalaje of Imesi-Ile, Osun State, in 2019.
Residents said tension erupted when a group of individuals, accompanied by security operatives, stormed the premises and commenced demolition activities.
According to eyewitnesses, portions of the building were pulled down while tenants rushed to salvage their belongings from affected apartments.
The residents alleged that windows, doors and roofing sheets were damaged during the exercise, exposing parts of the building to the elements and causing significant losses to occupants.
At the centre of the dispute is Mrs Mojisola Omotayo Ojo Alolagbe, who claimed that the property was allocated to her by her late father during his lifetime as a source of financial support.
She alleged that some family members had persistently challenged her ownership claim despite ongoing legal proceedings relating to the administration of the deceased’s estate.
Alolagbe further claimed that the latest incident was part of a series of attempts to wrest control of the property, citing previous cases of alleged vandalism and partial demolition in November 2025, January 2026 and February 2026.
The situation escalated further when reports emerged that police officers allegedly involved in the demolition were later apprehended and conveyed in a Black Maria vehicle over questions surrounding the legality of their participation in the operation.
Sources familiar with the matter said those behind the demolition had initially claimed to be acting on approval from the Lagos State Ministry of Lands. However, the authenticity and extent of such approval could not be independently verified as of the time of filing this report.
The development has generated concern among residents and community members, who questioned the involvement of security personnel in what they described as a civil matter.
Some tenants, who said they had recently renewed their tenancy agreements, lamented the destruction of their property and appealed to the authorities for protection and possible compensation.
They also called for a thorough investigation into the circumstances surrounding the demolition, insisting that the rights of all parties involved should be protected.
Stakeholders have urged the Lagos State Government, security agencies and the judiciary to intervene and ensure that the dispute is resolved through lawful means to prevent further escalation.
The controversy has continued to draw public attention, raising concerns over property rights, estate administration and the role of law enforcement agencies in civil disputes.
society
UKA Gears Up for Final ATC Exchangeability Test Run as June Preparations Begin
UKA Gears Up for Final ATC Exchangeability Test Run as June Preparations Begin.
May 30, 2026 – As the month of June gathers momentum, the *United Kingdom of Atlantis, UKA*, a sovereign nation has unveiled a series of vital guidelines and preparatory packages to ensure citizens and stakeholders run the *ATC Exchangeability* process effectively.
In an official update, the *President of Atlantic Crown Limited, Empress of Attica Empire UKA*, confirmed that the *Final Test Run of ATC Exchangeability* is scheduled for the month of June 2026. The exercise marks a key phase ahead of the *Official Exchangeability Window, set to run from July 2026 to February 2027*.
### Key Highlights from the Presidential Briefing
1. *Final Test Run – June 2026*
The test run is designed to validate systems, procedures, and user readiness before full activation. Citizens, partners, and designated participants are urged to follow all official advisories released by UKA authorities during this period.
2. *Official Exchangeability Period*
Following the successful completion of the June test run, the Official Exchangeability will commence in july 2026 and we are Expecting Full Exchange ability between July Ending, 2026 to February 2026.
UKA stated that detailed schedules, eligibility requirements, and step-by-step instructions will be communicated progressively through verified UKA channels.
3. *Benefiting Packages for June*
In line with UKA’s commitment to citizen empowerment, the month of June will feature “benefiting packages” aimed at education, preparation, and seamless onboarding. These packages are intended to equip the people of UKA with the knowledge and tools needed for effective participation.
4. *Commitment to Transparency*
Addressing the nation, the Empress of Attica Empire UKA emphasized:
_“Final Test Run of ATC Comes up in The Month of June, As We Prepare For The Official Exchangeability, Between July 2026 To Feb 2027. All Information Will Be Communicated.”_
UKA reaffirmed that only information released through official UKA platforms should be regarded as authoritative.
The United Kingdom of Atlantis is encouraging all citizens, representatives, and interested parties to remain alert to official communications, attend designated orientation sessions, and avoid unofficial sources. UKA’s dedication to order, clarity, and the collective benefit of its people as the nation moves into this significant phase.
For updates, advisories, and participation guidelines, citizens are advised to monitor official UKA communication channels.
United Kingdom of Atlantis, UKA, is a sovereign nation, committed to national development, citizen welfare, and structured economic participation through initiatives such as ATC Exchangeability.
society
Three Years On, General Buratai Hails Tinubu’s Economic, Security Achievements
Three Years On, General Buratai Hails Tinubu’s Economic, Security Achievements
Former Chief of Army Staff, Lt. Gen. Tukur Buratai (retd.), has commended President Bola Ahmed Tinubu for what he described as bold economic reforms and improved security efforts as the President marks three years in office.
In a goodwill message on Thursday to commemorate Tinubu’s third anniversary as President and Commander-in-Chief of the Armed Forces, Buratai said the administration had taken courageous decisions that would leave a lasting impact on Nigeria’s development.
According to him, President Tinubu broke a long-standing cycle that had hindered national growth by removing fuel subsidy and implementing foreign exchange reforms aimed at stabilising the naira and strengthening the economy.
He noted that the reforms were beginning to yield positive results, citing the global acceptance of Nigerian debit cards, the gradual revival of local refineries, access to student loans, and ongoing road and infrastructure projects across the country.
“The FCT Administration has also recorded remarkable progress, completing major road projects that remained unfinished for over 16 years,” Buratai stated.
The former army chief also praised the administration’s security efforts, saying renewed military offensives against insurgents, terrorists and bandits had led to notable successes across various parts of the country.
He specifically lauded recent joint operations involving Nigerian and United States forces against Boko Haram and ISWAP in the North-East, as well as intensified counter-banditry operations in the North-West.
“We have seen notorious ISWAP commanders being neutralised. I congratulate the Commander-in-Chief, the Minister of Defence, the Chief of Defence Staff, the Service Chiefs, the Inspector-General of Police and heads of intelligence agencies for their efforts,” he said.
Buratai, however, acknowledged that challenges remained, stressing the need for more aggressive military operations and intelligence-driven strategies in the coming year.
While urging Nigerians to remain hopeful, he said celebrating the President’s achievements did not amount to ignoring the difficulties facing the nation.
“Because you truly care, you have shown the courage to trade short-term comfort for long-term hope. Nigerians need your reassurances, and that is why we remain optimistic and full of confidence,” he added.
The retired military officer reaffirmed his support for the Tinubu administration and expressed confidence that the foundation being laid by the government would deliver a brighter future for the country.
He also prayed for God’s guidance, wisdom, strength and good health for the President as he continues to lead Nigeria.
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