By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Monday, Apr 13, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
Investment

Investment in Nigeria, not act of charity – Soludo

Shom Akor
Last updated: November 7, 2019 4:48 am
By Shom Akor
Share
3 Min Read
SHARE


A former Governor of the Central Bank of Nigeria and member , National Economic Advisory Team , Prof. Chukwuma Soludo , has told Nigerians in the Diaspora that it is in their interest to contribute to the prosperity of their country .

According to him , it is wrong to regard investment in the homeland by Nigerians abroad as an act of charity .

Delivering the keynote address at the second Nigeria Diaspora Investment Summit at the Presidential Villa, Abuja , on Wednesday , the economist said racism and xenophobic attacks abroad had made it imperative for Nigerians in the Diaspora to have a prosperous country they could return to when the need arose .

He explained that the Jews learnt their lesson in a hard way during their persecution which culminated in the Holocaust .

Against the Odds, Borno Women Thrives to Build Businesses, Creating Change
Presidential Hotel Enugu Resonates After Being In Ruin For Years
Chief Charles Orie Promises Easier Loans To Grow Imo’s Small Businesses And Farms
Seplat Processing Gas Plant Sets For Operation In Imo

To encourage Nigerians in the Diaspora to invest in the local economy, Soludo said the government must ensure the security of such investments, noting that the ease of doing business policy should be vigorously pursued.

Soludo said, “ Diaspora synergy would be a decisive strategy for sustainable prosperity. In today’s world , a prosperous homeland is not just a choice , it is a duty.

“ The diaspora is not just some group of people somewhere we are begging to come to Nigeria and do us a favour . My view is that the diaspora constitutes a strategic part of Nigeria and therefore, the development of Nigeria is not a choice, but a duty. But for this to happen, organisation is key . ”

The NEAT member pointed out that that the diaspora remittance estimated at over $ 2 .6 bn would overtake crude oil earnings in the future .

Soludo lauded the Chairman of the Nigerians in the Diaspora Commission , Abike Dabiri – Erewa, saying her efforts were worthy of commendation.

Addressing the summit participants , acting Economic and Financial Crimes Commission Chairman, Ibrahim Magu, said the agency would mobilise Nigerians in the Diaspora to champion the recovery and repatriation of stolen assets back to the country .

He advised Nigerians abroad to invest in the country , noting that the anti – graft agency was working to rid the nation of corrupt elements.

A former Chairman of Diamond Bank , Mr Pascal Dozie, said Nigeria should go beyond focusing on remittances from the diaspora to harnessing their potential for national growth and development .
©Punch

author avatar
Shom Akor
See Full Bio
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
Previous Article Glory Days Over For Australian Big Banks Customers to Benefit After $269 billion FY Profits Glory Days Over For Australian Big Banks, Customers to Benefit After $26.9 billion FY Profits
Next Article North Korea slams door on Japan PM Abe visit calls him a moron North Korea slams door on Japan PM Abe visit, calls him a ‘moron’
Search
– Advertisement –
Latest News
  • Tears As Accidental B0mbings by Nigerian Military Claim Over 400 Lives April 13, 2026
  • Tinubu campaign billboard appears in Canada, sparks reactions April 12, 2026
  • This may happen again, what is your opinion April 12, 2026
  • BREAKING!! Five Prominent Leaders Declared “Persona Non Grata” In Igboland April 12, 2026
  • 2027: Elders Wing Brandishing Support For City Boys Movement Is An Insult To South East Region April 12, 2026
  • Many People Feared Dead At A Borno-Yobe NAF Airstrike April 12, 2026
  • NAF Airstrike leaves over 200 dead in Yobe State April 12, 2026
  • Unknown Air Force Fired At Yobe Market, Killed 200 April 12, 2026
  • APC releases prices of nomination form, fixes deadline for sales and submission April 11, 2026
  • Troop rescues 10 victims abducted by Boko Haram in Borno April 11, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

Investment

NDDC Unveils 25th Anniversary Logo Of Niger Delta Sports Festival In Owerri-(Photos)

March 7, 2025
Investment

FG Urges Nigerian Women To Leverage Capital Market For Wealth Creation

March 4, 2025
Crime and InvestigationInvestment

Justice Oshodi Refuses To Step Down From Emefiele’s Trial

February 26, 2025
Crime and InvestigationInvestment

High Court Adjourns Nnamdi Kanu’s Trial Indefinitely 

February 10, 2025
Breaking NewsInterviews

Onyemaechi Applauds Uzodinma, Over Delivery Of 63MVA123/33KV Mobile Station In Obinze

February 10, 2025
Crime and InvestigationInvestment

ICPC Arrests NSCDC Deputy Commandant over allege Three Billion Naira Fraud

February 7, 2025
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • Events
  • National Security
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • The Love of God
  • World News
  • Business
  • Crime and Investigation

9NEWS NIGERIA

  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?