FG promises Russian investors better safety. The Federal Government has reassured Russian investors through the Nigerians in Diaspora Commission (NIDCOM) that their investments will be safe in Nigeria. The government has also pledged to address the bureaucratic hurdles that have prevented FDI in the past (FDIs).
At a business session hosted by the Russian chapter of Nigeria in Diaspora Organisation (NIDO), NIDCOM Chairman/CEO Mrs. Abike Dabiri-Erewa stated that Nigeria continues to be an FDI investment hotspot.
According to her, “Russia is also appealing to Africa for investment. Therefore many Nigerians living there want to return home and invest.” We have difficulties, but nobody can deny that Nigeria remains a viable investment option.
When it comes to Nigeria, you may put your money wherever you want. Praise God, and we are well fortunate. To attract investors, we are resolving bureaucratic hurdles. As a group, we shall find answers to our issues. Although insecurity remains a problem, efforts are being made to address it.
According to Jermaine Sanwo-Olu, the governor of Lagos State’s Senior Special Assistant on Diaspora and Foreign Relations, the state is the most diaspora-friendly in the federation.
According to Sampson Uwem-Edimo, chairman of NIDO Russia, the event’s goal is to help Nigerians working and living abroad realize how important it is to think about their home country and do all they can to support its economy.
Also Read: MURIC Gives The FG a Deadline For The Old Naira Bills
“We want to encourage Nigerian enterprises and Nigerians residing in Russia to engage with Nigerians here, manufacturing agricultural items to send it straight to Russia to equalize the trade,” he added.