• Home
  • Privacy Policy
  • Ad Rates
  • Submit News
  • Contact Us
The Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Advert Rates
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Advert Rates
  • Contact Us
No Result
View All Result
The Eagle Online
No Result
View All Result

Uduaghan woos Diaspora investors, takes campaign to New York

Oluwasegun Noah by Oluwasegun Noah
August 4, 2013
in Economy, Featured
4 min read
0
Uduaghan, Oshiomhole, Akpabio urge review of derivation formula
Share on FacebookShare on TwitterWhatsApp

RelatedPosts

Golden Periwinkle set to premiere The Uduaghan Chronicles

Uduaghan urges PDP Members to be patient with Governor-Elect

Delta youths back Uduaghan’s bill to restructure DESOPADEC

The Delta State Governor, Dr. Emmanuel Uduaghan, has taken his ‘Delta Without Oil’ campaign to the United States of America with the sponsorship of the Corporate Nigeria Stakeholders’ and Investors Forum at the United Nations Headquarters in New York last week.
At the forum, which was organised by the Heartlink Group, and officially endorsed by the Nigerian Embassy in Washington DC, an award for Excellence in Governance and Support for Arts and Culture was presented to the governor and it was received on his behalf by the Chief of Staff to the governor, Dr. Festus Okubor.
The state government was represented by a powerful delegation of its economic team, which included Okubor; the Commissioner for Commerce, Dr. Kingsley Emu; the Commissioner for Information, Chike Ogeah; and the Senior Special Adviser to the Governor on Foreign Relations, Oma Djebah.
Guest speakers at the event included the immediate past President of the Institute of Directors, Architect T.C. Awagu; Hon. Joseph Akinlaja of House of Representatives Committee on Diaspora Matters, who represented Hon. Abike Dabiri-Erewa; MD/CEO of Kresta Laurel Nigeria Limited, Engineer Dideolu Falobi; and Micheal Adeniyi.
The Delta Without Oil campaign, which signifies a paradigm shift from the total dependence on oil resources to exploring the immense opportunities in areas such as agriculture, tourism, telecommunication, transportation, power generation, to mention a few, seeks to develop the state further through a Public Private Partnership initiative.
The forum provided an opportunity for the state’s economic team to woo investors in the diaspora, especially from United States of America and other developed economies, in order to foster wealth creation, capacity building and ultimately develop the human capital, which abounds in the state.
Emu, who represented Governor Uduaghan at the forum, said the state is not just an investment destination.
He disclosed that Delta State has also created enabling environment to allow investors get value for their money and also recoup their capital within the framework of their revenue projection.
In a keynote address delivered on behalf of the governor at the event, titled: “Harnessing Investment Opportunities in Delta State”, Emu said the “Delta Beyond Oil” initiative has recorded many milestones in the overall interest of the people of Delta State, especially the less privileged.
He said: “Where we are now in terms of policy direction is Delta Beyond Oil.
“What we are saying is that when the oil wells eventually run dry, what are those things we should do with the revenue from oil in the decades while the oil wells lasted?
“How can we diversify our economy using our areas of comparative advantage?
“The major ones are the micro, small and medium scale enterprises.
“The success of the MSMEs underscores what we have always believed: that is, Delta is a land of limitless possibilities in terms of human capital and natural resources.
“Out of all these possibilities, we thought the one we could advance to the next level would be the MSMEs.
“This is because this happens to be where we have been doing very well.
“To our credit, we have won four consecutive Central Bank of Nigeria awards.
“When you talk about MSMEs, you must involve agriculture, whether it is agrarian farming or aquaculture.
“Delta State is 60 per cent riverine and we are maximizing this advantage very well for the economic good of the state.
“There are two ministries that are coordinating these MSMEs: the Ministry of Poverty Alleviation, which incubates them and brings them to life, before they are passed to the Ministry of Commerce and Industry, which takes them to medium and possibly big industries.
“This is one of the initiatives driving our Delta Beyond Oil vision.
“Let me also tell you that we are remodelling our schools all over the state.
“That’s a huge investment in the future of our children.
“We have e-libraries, air-conditioned classroom blocks, excellent sporting facilities.
“We are building 50 model schools, the type never before seen in the state.
“Don’t forget that Delta State, unlike most states, has about 21 big towns and cities.
“We are also offering scholarships to our graduates who make First Class Honours in various fields to pursue further studies abroad.
“This has greatly boosted our efforts in terms of human capital development.”
Uduaghan’s speech came as Akinlaja, who represented Dabiri-Erewa at the occasion, in his presentation, unveiled the immense opportunities Nigerians in the Diaspora stand to benefit and the need for them to come back home to invest.
He affirmed that the Federal Government will not renege in its promise to release the Diaspora Bond.
He said: “According to the World Bank, Nigeria is one of the world’s fastest growing emerging economies.
“No one needs to tell you what this means – a billion investment opportunities lie in various sectors, with a lot of these sectors largely untapped – Agriculture, Information Technology, Medicine, Mining, Textiles, Electricity, Energy – the list goes on.
“To be more empirical, there is an organisation called the Nigerians in Diaspora Alumni Network.
“NIDAN is an organisation that consists of former Nigerians in Diaspora who have returned home and now own thriving businesses.
“They lend support to one another and I am sure they will continue to capitalise on investment and growth opportunities in the Nigerian economy.
“Most of these successful businesses are in medicine, IT Tech firms, entertainment industry, and several other professions.
“With respect to the Diaspora Bond, we know the Federal Government has plans to issue a $500 million bond by issuing a first tranche of $100 million in 2013.
“This will be a major milestone in the process of involving our Nigerians in the Diaspora in the development of the Nigerian economy.
“As said earlier, there are lots of opportunities for development that these funds can be put to.
“Also, of all the countries in Africa, Nigeria received $21 billion in remittances from its citizens abroad, putting us at number one in Africa.
“This fact, along with the success of the Nigeria’s $1 billion Eurobond in 2013, promises to show that Diaspora bond will be a very viable agent of investment and development in Nigeria.
“Nigeria remains an attractive investment destination for anyone, no matter the challenge we face today as a nation.
“We have the human and material resources in abundance.
“You are part of the solution.
“Let us do all we can to make Nigeria the great country that we know it can be.”
ThisDay.

Tags: Diaspora investorsGovernor Emmanuel Uduaghan
Share27Tweet17SendShare7

Related Posts

Being a senator goes beyond empowerment programmes – Uduaghan

Golden Periwinkle set to premiere The Uduaghan Chronicles

June 1, 2015
Uduaghan urges PDP Members to be patient with Governor-Elect

Uduaghan urges PDP Members to be patient with Governor-Elect

May 13, 2015
Delta LG poll: Uduaghan provided level playing field for PDP primaries – Macaulay

Delta youths back Uduaghan’s bill to restructure DESOPADEC

May 6, 2015
Being a senator goes beyond empowerment programmes – Uduaghan

Uduaghan to deliver UI Alumni public lecture on Friday

May 6, 2015
Uduaghan charges judges on integrity, swears in new Ag. CJ

Uduaghan charges judges on integrity, swears in new Ag. CJ

May 4, 2015
Being a senator goes beyond empowerment programmes – Uduaghan

Presidency persecuted me because of Ibori — Uduaghan

May 4, 2015

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

COVID-19 Update

Nigeria benefits as Biden issues orders undoing key Trump policies on first day

COVID-19: UniJos bars visitors to hostels, ban social activities on campus

COVID-19: NCDC reports 1,386 new infections, 14 deaths

Hisbah arrests 19 women over alleged immoral acts in Kano

Two cabinet members in Osun test positive for COVID-19

Most Read

  • Police arrest 11 suspects for allegedly raping 12-year-old girl

    VP impregnates 12-year-old student, says he gave her N200 for sex

    318 shares
    Share 127 Tweet 80
  • You are emotionally attached to Fulani herdsmen, Ondo replies Presidency

    223 shares
    Share 89 Tweet 56
  • Ritual: Yahoo Boys eat live chicken at night club, native doctor chants incantations + Video, photo

    159 shares
    Share 64 Tweet 40
  • Nigeria Correctional Service gets new CG as Jaafaru Ahmed bows out

    132 shares
    Share 53 Tweet 33
  • Police nab notorious Abuja impersonator

    228 shares
    Share 91 Tweet 57
  • Why ex-IG implicated me in Offa robbery, Saraki explains in recirculated video

    130 shares
    Share 52 Tweet 33

Ease Slash


Subscribe to Our Newsletter

Check your inbox or spam folder to confirm your subscription.







https://theeagleonline.com.ng/wp-content/uploads/2020/05/VID-20200510-WA0000.mp4

Chat with us now

Most Commented

  • How Nigeria can get out of budget deficit quagmire- Expert

    How Nigeria can get out of budget deficit quagmire- Expert

    73 shares
    Share 29 Tweet 18
  • US President Joe Biden’s inaugural speech

    70 shares
    Share 28 Tweet 18

Latest

Nigeria benefits as Biden issues orders undoing key Trump policies on first day

Nigeria benefits as Biden issues orders undoing key Trump policies on first day

January 21, 2021
Gbenga Daniel renews chairmanship bid, as Makinde, Oyinlola woos him back to PDP + Photos

Gbenga Daniel renews chairmanship bid, as Makinde, Oyinlola woos him back to PDP + Photos

January 21, 2021
Saraki

Why ex-IG implicated me in Offa robbery, Saraki explains in recirculated video

January 21, 2021
Are we cursed in black Africa (1), by Taju Tijani

Fire for Fire: Sunday Igboho defends Yorubaland, by Taju Tijani

January 21, 2021
#EndSARS: Makinde confirms killing of protester in Ogbomoso

Makinde warns Sunday Igboho, others over ultimatum to Fulanis

January 21, 2021




  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
  • Entertainment
  • Advert Rates
  • Contact Us

© 2020 Premium Eagle Media Limited.

No Result
View All Result
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Advert Rates
  • Contact Us

© 2020 Premium Eagle Media Limited.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.