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Dabiri-Erewa: Diaspora Investment to outweighs FDI soon

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Dabiri-Erewa: Diaspora Investment to outweighs FDI soon

By: Michael Mike

The Nigerians in Diaspora Commission (NiDCOM) Chairman, Abike Dabiri-Erewa has said the plan of the present administration is to work at making the Diaspora investment outweighs the Foreign Direct Investment (FDI),

Briefing journalists in Abuja on Friday on activities lined up for the forthcoming Nigerian Diaspora Investment Summit (NDIS), Dabiri-Erewa said the target of this administration is to ensure that Diaspora Investment in the country outweighs FDI in the nearest future.

The 6th edition of NDIS is scheduled for 13 to 15 November 2023.

NDIS is a private sector initiative supported by the Nigerian government through the Nigerians in Diaspora Commission (NiDCOM), its primary aim is to demonstrate that in the face of stiff competition for Foreign Direct Investment (FDI), targeting Nigerians in Diaspora for inward investment is probably the best strategy for a country like Nigeria with over 15 million of its citizens domiciled in Diaspora.

Dabiri-Erewa disclosed that no fewer than 3,000 participants have indicated interest in the 2023 Nigerian Diaspora Invesvemnt Summit, The Nation learnt.

She noted that this year’s summit aims at attracting Diasporans investment in the area of agribusiness, technology, education, healthcare, real estate and infrastructure. Others are creative, sport and entertainment; energy, mining and manufacturing.

The NIDCOM boss explained that with the current happenings across the globe, Nigeria must stand up to take its place as the number one producer of agricultural produce.

She noted that Nigerian Diaspora in this drive remains a major player in the development of the country, hence the need to harness their investment in the country.

Dabiri-Erewa said the summit is set to ignite new aspirations for Diaspora participation in Nigeria development.

She said, “This year’s summit – a hybrid event enabling remote participation via online channels – is particularly special, being the first under the new administration of HE President Bola Ahmed Tinubu GCFR, and will have as its Special Guest of Honour and Main Keynote Speaker, HE Senator Kashim Shettima GCON, Vice President of the Federal Republic of Nigeria.

“With Heifer International, a nonprofit charity on a mission to end hunger and poverty in a sustainable way as its Lead Sponsor, this year’s summit promises to be a significant milestone in promoting economic collaboration, harnessing opportunities, and fostering a revamped investment climate for Nigeria,” She added.

She also revealed that the Diaspora Housing Mortgage Scheme would be launched by the Honourable Minister, Federal Ministry of Housing and Urban Development, Arc. Ahmed Musa Dangiwa,
during the summit.

The NiDCOM boss said: “As at press time, this year’s summit already has registered, over 2,000 interested participants, including at least 72 identified Nigerian Diaspora investors, 196 small business owners, 148 representatives of private sector entities and 88 public officials from various Ministries, Departments and Agencies who are expected to attend in person, with a further 1,250 expected to participate virtually.”

The Interim Country Director of Heifer International Nigeria, Dr Lekan Tobe said, “NDIS has established itself as the premier platform for connecting Nigerians in the diaspora with opportunities for investment and engagement in the country’s burgeoning industries. NDIS 2023 aims to strengthen the bonds between Nigeria and its diaspora communities while revealing a dynamic view of investment opportunities and prospects in various sectors, particularly Agriculture, which is our focus sector.

“We feel that our goal of assisting more than two million households to achieve sustainable living income by 2030, through strategic private and public sector partnerships that will support the unlocking of the potential in Nigeria’s agricultural sector to achieve food self-sufficiency is fully aligned with that of the summit, as expressed through the NDIS initiative.”

He added that since inception, NDIS has recorded many success stories, both in terms of business connections and social impact. With over 5,000 participants recorded, 900 business links established and over 200 deals closed.

Dabiri-Erewa: Diaspora Investment to outweighs FDI soon

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VP Shettima’s Agricultural Assessment Visit To Ethiopia

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VP Shettima’s Agricultural Assessment Visit To Ethiopia

By: Our Reporter

An agricultural economist by training whose love for agricultural transformation and development has never been hidden, as demonstrated recently when he visited the International Institute of Tropical Agriculture (IITA) in Ibadan for an on-the-spot assessment of the Institute’s crops and resource potentials, Vice President Kashim Shettima today embarked on an assessment of the popular Adama Industrial Zone near Addis Ababa in Ethiopia.

Farms visited by the Vice President for the on-the-spot assessment included the Adama Dairy Farms, Luke Avocado Nursery site, Shera Dibandiba Mojo Family Integrated Farm, Biyyo Poultry Farm, and the Bishoftu Pea Farm.

While speaking on areas of agricultural collaboration between both countries, the Vice President ordered specialised coffee beans seeds for massive production in Nigeria while also directing the immediate training of selected Nigerian agricultural extension farmers on the production of specialized avocado seedlings for the Nigerian market.

VP Shettima also sought an exchange of mechanisation technologies between both countries, stressing that the potential of both Nigeria’s and Ethiopia’s agricultural sectors was capable of capturing world markets, especially when fully harnessed and exploited.

VP Shettima’s Agricultural Assessment Visit To Ethiopia

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Leboku-in-Abuja 2025 Festival Celebrates New Year Festival to Bolster Nigeria’s Rich Cultural Heritage

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Leboku-in-Abuja 2025 Festival Celebrates New Year Festival to Bolster Nigeria’s Rich Cultural Heritage

By: Michael Mike

One of the nation’s most celebrated events, the New Year Festival would berth in Abuja, the Federal Capital Territory (FCT) as the Kedei Seh Umor-Otutu, in collaboration with the Federal Ministry of Arts, Culture, Tourism and Creative Economy stage the Lenoku-in-Abuja 2025.

It promises to bolster Nigeria’s cultural heritage and showcase the rich cultural heritage of the Yakurr people in Cross River, the South-South and South-East in the nation and the world at large.

Addressing a pre-festival press conference in Abuja, President of Kedei Seh Umor-Otutu, a community-based association, Queency Patrick said the forthcoming festival with the theme: “A celebration of heritage, unity and harvest,” is one of the kind.

She explained that Lenoku-in-Abuja 2025 is an internationally acclaimed New Yam festival that is celebrated on August 30 in Abuja, under auspices of Kedei Seh Umor-Otutu, an association of Ugep people living in the FCT.

Patrick said: “Leboku-in-Abuja-2025 aligns with national goals of cultural preservation, inter-ethnic harmony and in promoting Nigeria as a cultural destination.

“The Federal Capital Territory provides the ideal backdrop to unite heritage and modernity, welcoming all who believe in peace, identity and pride of origin.

“For us, it is not just a cultural event, it is a call to national unity, peace and cultural tourism development.

“It is also an opportunity for us to showcase the rich cultural heritage of the Yakurr people in Cross River, the South-South and South-East in the nation and the world at large.”

She further explained that: “The event fosters appreciation of Nigeria’s diverse ethnic-root and culture. Leboku-in-Abuja is more than a festival, it is a stage for celebrating our cultural identity, building bridges through tradition and encouraging investment in the creative economy and tourism sector.”

According to her, Mr Obi Asika, DirectorGeneral/CEO of the National Council for Arts and Culture, had in a letter which formally endorsed the association’s collaboration with government described Leboku-in-Abuja, as annual New Yam Festival celebrated in Abuja by Yakurr people of Cross River.

Patrick further quoted him by saying the Leboku festival, deeply rooted in the traditions of the Yakurr people of Cross River, has long been a symbol of unity, celebration, and agricultural prosperity.

Asika, in the letter noted that: “Bringing this renowned festival to Abuja will provide a unique opportunity for cultural exchange, tourism development, and deeper appreciation of our diverse traditions.

“It aligns with the Federal Government’s Renewed Hope Agenda and NCAC’s mandate to promote arts and culture, as essential drivers or Nigeria’s creative economy,” Asika added.

Patrick revealed the event would provide platform for public lecture, economic empowerment, traditional food festival, cultural and arts exhibition, sports, agriculture, trade and tourism development.

The event scheduled to hold at the Bolton White event centre, Wuse Zone 7, Abuja is centered on promoting unity and peace with the toga: “One Yam, One People.”

Leboku-in-Abuja 2025 Festival Celebrates New Year Festival to Bolster Nigeria’s Rich Cultural Heritage

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Crisis brews in Gombe SDP as Yakubu emerges acting chairman

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Crisis brews in Gombe SDP as Yakubu emerges acting chairman

The Gombe State chapter of the Social Democratic Party (SDP) has appointed a new chairman, Aaron Yakubu to serve in acting capacity following the suspension of its state chairman, Comrade Adamu Abubakar Modibbo, over allegations of mismanagement, lack of transparency, and misuse of party resources.

His suspension was announced at a news conference held in Gombe on Saturday by the party’s Welfare Secretary, Usman Yahaya, on behalf of concerned members of the state executive.

Reading the statement, Yahaya said there were countless complaints against the now suspended chairman, whom he said had side-lined party stakeholders and running the party like his personal property.

“Since Comrade Modibbo assumed office, the party has experienced no meaningful progress. Instead, the leadership claims he has used his position to witch-hunt loyal stakeholders and frustrated committed party members for his personal gain.”

He accused Modibbo of systematically “caging” the party’s executive members and aspirants, depriving over 90% of both returning and newly acting executive members of access to official SDP membership cards.

He further alleged that the selection of party candidates has been done without due process or consultation, with names being announced solely via national platforms involving prominent figures like Malam Nasir El-Rufai, thereby side-lining the state executive.
Yahaya also accused the suspended chairman of allegedly using his personal residence as the de facto party office.

This, the executives say, violates proper procedures and comes despite funds being made available to renovate the official state party office and rent offices across the local government areas.

“As it stands, the SDP in Gombe State does not have a functional or recognised operational office,”

In the light of the above weighty and numerous allegations against Modibbo, the Welfare Secretary said that the Gombe State chapter of the party has taken decisive action by suspending Comrade Adamu Abubakar Modibbo as chairman with immediate effect.

“In this regard, we hereby announce that the current State Secretary of the party, Mr. Aaron Yakubu, will now serve as the Acting State Chairman of the SDP in Gombe.

“Similarly, Ambassador Lukman Adamu Elkanem, previously serving as the Acting Assistant Public Relations Officer, has now been appointed as the Acting State Secretary of the party.”

Yahaya, on behalf of the state chapter of the SDP, appealed for intervention from the national body of the party to look into the allegations against the former chairman and to restore discipline, accountability, and credible leadership to the Gombe chapter of the party.

Speaking shortly in an interview, Yakubu said he would work to build inclusiveness in the party and ensure all party members were carried along in line with the constitution of the party.

He stated that out of the 13 working committee members of the party, nine were present and in support of the suspension of Modibbo.

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