US$4 Billion Investment to be Injected in the Nigeria Economy by Nigerian American Business Forum

By Abdul Rahman Suagibu –

Photo Credit: Fine Art America

NEW AFRICA BUSINESS NEWS ( NABN ) Freetown, Sierra Leonne- Union of Nigerian specialists in the United States (U.S.) has propose calculations in place to draw in $4 billion venture into the Nigerian economy in the succeeding two years, to exhilarate the economy of their fatherland.

The experts, under the sponsorship of Nigerian American Business Forum (NABF), expressed this at their 2020 Investment Conference with the theme: “Improving Nigeria’s Economy: Opportunities and challenges”, at Tampa, Florida.

They explained, despite the apparent enterprise challenges, they were deduced to employ their wealth of experience and rapport to dazzle development to their motherland.

The President of the forum – Kenneth Shobola announced that, the forum has bent on to effect the wealth of experience of Nigerian Diasporas for the hasty improvement of their country. Shobola noted: “Our goal remains the same. We are attracting a $4 billion investment over a two-year period. We have already identified some areas where there are deficiencies such as healthcare, agriculture and education.

“We’ve been doing quite a lot. Privately, a lot of our members are making in inroads into those areas and also corporately, we’re already working and also looking at very good viable projects.

“Should things go the way we want, with the plans we have in place, exiting this conference, a huge chunk of that $4 billion investment would definitely be hit before our next conference,” he noted.

“Nigeria is one of the best and most fertile countries to invest in anywhere in the world. As in everything high-risk in the world, no investment is risk-free. But at the same time, you can minimize or eliminate these risks as best as you can.

“I think Nigeria is one of the developing nations where you can truly see the opportunities that you probably minimize to see here in the United States and then if properly harnessed, you will get the desired results.”

He furthered that, there were chances to arise the nemesis of medical tourism by glancing at a run-down sanitariums or healthcare facilities that desire restructuring and managerial actions in addition to attracting experts in to run such facilities the way they were being done in the U.S.

“NABF is staring at stabilizing and incorporating the most established diagnostics techniques and treatment based on the expertise we have here in the United States. We are bringing in some experts such as cardiologists, neurologists, ophthalmologist,

surgical interventionists in the areas of cancer, diabetes and a lot of the common diseases that tend to plague our people,” he said.

Shobola said NABF decided to invest in Nigeria youth, youth unemployment was at undesirable level, adding that NABF’s general goal was to get to 100% of youth employment.

“We have massive youth unemployment. Our goal is to continue to do what we are doing to attain 100% youth employment.

“Just look at the Nigerians here, they sing our praises everywhere we go just because we have the opportunities and those opportunities showcase those talents. But Nigerians at home have the education but don’t have the opportunities. This is creating a very dangerous condition,” NABF President noted.

He said, it was an enormous edict; but believed that the Diasporas intervening along rounding off the efforts of government and the private sector in Nigeria, would make the difference.

For New Africa Business News (NABN) Abdul Rahman Suagibu Reports,  Africa Correspondent

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