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Diaspora Investment summit holds in UK

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Businessmen, captains of industries, investors, financial advisors, heads of government parastatals will today gather in the UK for a two-day summit on exploring business opportunities in Nigeria.

Speakers expected at the summit include; Dr. Dalhatu  Tafida, High Commissioner to the United Kingdom, Olusegun Aganga , Minister of Trade and Investment; Mr. Barnaby Briggs, External Relations Manager, Shell International; Alhaji Muhammad Nadada Umar, Director General, SME Development Agency of Nigeria ,SMEDAN; David Smith, Chairman, British African Business Alliance ,BABA, Clive Carpenter – Chairman, Nigeria Desk, Business Council for Africa, (BCA); Chief Bimbo Roberts Folayan, Chairman, Central Association of Nigerians in the United Kingdom (CANUK) and Kingsley Aikins, President, Diaspora Matters (DM).

Organisers of the event , Diaspora in the UK ,  in a statement, said  the aim of the summit is to bring businesses and investors face-to-face to explore the issues of investing in Nigeria, especially , in the Small and medium enterprises, SME sector, saying, ” to dispel popular myths and connect those able to actualise successful business partnerships.”

“For many Nigerians and professional investors living in the UK, the lures of expansive growth rates being achieved in Africa are highly attractive. However, it’s no secret many find the risk profile of Nigeria and other African countries daunting. Many recognise that the way business is conducted here is different from the process of investing internationally. At the same time the Nigerian SME sector is hungry for funds and has a dynamic market opportunity where the profits are often substantial. ”

Bimbo Folayan Chair of the Central Association of Nigerians in the UK said, “Over the last two years the number of requests we have received from Nigerian Investors in the UK asking for help and advice over making investments at home has grown and grown. To answer these questions and to get the issues out on the table, we determined the best strategy would be to bring the parties together. With the help of Dr Tafida, the High Commissioner, we have been able to get support from the Small and Medium Enterprise Agency of Nigeria (SMEDAN), the Nigerian Investment Promotion Commission (NIPC) and the Minister of Trade and Investment, Dr Segun Aganga.

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