West and North Africa

When international firm shifted focus to opportunities in Nigeria

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An international development firm, headquartered in Abuja, Nigeria is looking to open new investment opportunities among Nigerians at home and in the Diaspora, information reaching the Nigerian Tribune revealed.

The international investment project, which had already been officially unveiled at the Nigerian Diaspora Direct Investment Summit on June 13 in London, England, will be launched in Abuja in August and Texas, United States of America, in September this year.

Speaking with the Nigerian Tribune, on Monday, Aneke said the firm, through its nigeriastates.com; aims to use the information on the website to attract investors to Nigeria, as every state in the country would be chronicled, highlighting their investment potential at the same time.

The project, entitled Nigeria States (www.nigeriastates.com), according to Aneke, showcases information on the investment opportunities within every state of the federation, with the aim of calling the attention of Nigerians at home and in the Diaspora, to “abundant business opportunities in our great nation.”

Aneke told the Nigerian Tribune that the project was especially aimed at young Nigerians, who constitute over 70 per cent of the country’s population.

Aneke informed that at the launch of the site in London, last month developed by the Goldstock Chambers, an invite had already gone to the Nigerian Investment Promotion Commission (NIPC), the Nigerian Export Promotion Council (NEPC) and the Nigerian Export Import Bank (NEXIM) for a collaborative purpose, saying the partnership with the agencies was aimed at giving the project foundational backing and credibility both within and outside the country.

It is on record that the NIPC, NEPC and NEXIM are the agencies responsible for attracting, promoting and aiding investors to transact business in the country.

Speaking on the purpose of launching the website which had been used over the past eight years to attract and inform investors of the investment opportunities in the country, Aneke said it was to “attract a greater inflow of foreign direct investment to our country,” informing that the launch in Nigeria and Texas, was aimed at targeting groups such as Nigerians in the Diaspora, Nigerians at home, as well as foreign investors.

“It will have the effect through increased FDI in aiding our new Nigeria reach the Millennium Development Goals and Vision 20:20/20, thereby reducing poverty,” he said, adding that the website would bring about increased visibility in the world. “Investors will have a direct link to the appropriate state agency able to aid them in transacting business in the state. We can attract investors for states in specific areas of investment potential within the state. The state will be able to tailor its requirements on the site.

“The site will enable ease of comparison for the investor between all the states in the federation, thereby raising the profile and presence of each state. We will hold investment road shows in Europe and USA to attract investors to the states. We will take the investment website to industrial events taking place in Europe and the USA to ensure that the states profile reach a broad audience.

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“The website performs that role, as each state’s profile contains its investment requirements and information on the agency set up by the state to guide and aid investors,” he added.

Aneke identified investment opportunities, which would be attractive to investors, within Nigeria as including agriculture, infrastructure, health, real estate, solid minerals and tourism, stressing that using the website to showcase the country’s profile as far as its business potential was concerned was nothing foreign as could be seen in several countries around the world.

According to him, the information on the international web site took their chambers, which comprised of barristers, solicitors and consultants “trained in a multiplicity of jurisdictions including, India, Malaysia, China, England, Wales and Nigeria,” several years to complete, saying what made the information and activities on the website legal was that they “act as legal consultants and advisers to the investors. We are able to actively link investors to the areas of investment within states. We are also able to seek investors in particular fields on behalf of states.”

Aneke, explaining why the youths in the Diaspora were being targeted, said “this group has roots in the adopted country. They are at an age where engagement is critical both for themselves and their children. We need to engage with them now to utilise maximally their knowledge of modern methods and finance. Their knowledge of Nigeria will aid in giving them a firmer hold and understanding of the Nigerian society.”

He reasoned that if young people in Nigeria were targeted also, it would help curb insecurity issues in the country. “It is clear that the current crisis and insecurity in the country has different sources, different heads and a host of different solutions are required. However, if investors, if investment, if education, if employment is increased in any region, it decreases violence. That is a clear statement of fact.”

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