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General News of Tuesday, 16 November 2021


'Don’t leave economic recovery to FG alone' - Osinbajo tells diasporans 

Vice President, Yemi Osinbajo Vice President, Yemi Osinbajo

Vice-President Yemi Osinbajo has advised Nigerians in the diaspora to not leave the recovery of the economy to the Federal Government (FG)

According to him, the FG cannot achieve the feat alone.

He made this known in a keynote address at the opening of the 4th Nigerian Diaspora Investment Summit 2021 organised by Nigeria Diaspora Summit Initiative (NDIS) and Nigerian in Diaspora Commission (NiDCOM), with the theme “Diaspora partnership and Linkages for post-Covid Economic Growth”.

“We need the partnership and deep involvement of the Diaspora and foreign investors, among others, investing in local businesses to boost and diversify the economy. It is this realization that has driven this Administration’s support for the NDIS as a clarion call to our Diaspora and their friends to come and invest in a land of boundless opportunities and possibilities like the Chinese, Indians, Lebanese, Israelis and South Africans are already and successfully doing here in Nigeria.

“Last year witnessed a number of Diaspora investors heeding that call and it is encouraging to note that even more have turned up this year.  We assure you of our commitment to ensure that your investments are not only secure but that you get a good rate of return on the investments you make while basking in the glow of being contributors to the growth of business and development of the nation.

“We remain steadfast in our goal of diversifying the economic resource base of the nation and so seek to activate and encourage multifarious investment options. 

"The Nigerian Diaspora, who are not only familiar with the investment terrain, understand the risks and have personal interest and stake in the future of this country, but have also been acclaimed as one of the largest, brightest and most enigmatic Diaspora groups in the world, are clearly a desired and desirable base to rely on and partner with in boosting our Foreign Direct Investment (FDI) for development.

“We look to your emotional and logical connections with this great land of ours with which you have chosen to maintain links and your clear recognition of the abundant economic possibilities inherent in investing in its growth and development. We invite you to continue to explore ways and means of leveraging activities such as the Nigeria Diaspora Investment Summit to not only expand your wealth but also develop a nation you wish to come back to,” he said.

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