Nige­ri­ans in UK have £6bn in­vest­ment po­ten­tial

Daily Trust - - REUTERS - From Ibrahim Chonoko, Lon­don

Nige­ri­ans in the United King­dom have a col­lec­tive in­vest­ment po­ten­tials of more than £6 bil­lion (about N1.5 tril­lion), ac­cord­ing to the Ex­ec­u­tive Di­rec­tor of Nige­ri­ans in Di­as­pora Di­rect In­vest­ment Sum­mit (NDDIS) Bimbo Fo­layan.

Speak­ing at a press con­fer­ence in Lon­don, Fo­layan said re­cent re­search and es­ti­mates which put the num­ber of Nige­ri­ans in the UK at more than 2mil­lion with one mil­lion fam­i­lies, in­di­cated that there are about half a mil­lion busi­ness lead­ers within the com­mu­nity.

He, there­fore, called on di­as­pora Nige­ri­ans in the UK and else­where to avail them­selves of the “un­ex­ploited op­por­tu­ni­ties” back home to in­vest and con­trib­ute to the eco­nomic de­vel­op­ment of their coun­try.

He also urged gov­ern­ments and in­vest­ment au­thor­i­ties in Nigeria to li­aise with di­as­pora Nige­ri­ans and Bri­tish en­trepreneurs to at­tract in­vest­ments in their re­spec­tive ar­eas.

He an­nounced that the sec­ond NDDIS con­fer­ence would be held in the UK in June this year, and de­scribed it as an av­enue for Nige­rian au­thor­i­ties and in­vestors to show­case their in­vest­ment po­ten­tials and in­cen­tives for in­vestors.

He said the con­fer­ence will be held in con­junc­tion with UK Trade and In­vest­ment, Busi­ness Coun­cil for Africa, Bri­tish African Busi­ness Al­liance, and the For­eign and Com­mon­wealth Of­fice, among oth­ers.

In his re­marks, the Chair­man of Bri­tish African Busi­ness Al­liance, David Smith said his or­gan­i­sa­tion would mo­bilise com­pa­nies and or­gan­i­sa­tions to es­tab­lish businesses in Nigeria and Africa.

He stated that if prop­erly har­nessed, small and medium scale en­ter­prises would cre­ate more than four mil­lion jobs in Nigeria.

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.