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Why Nigerians in diaspora should consider investing in agric —envoy

By Vera Samuel Anyagafu

NIGERIAN Ambassador to the Federal Republic of China, Ambassador Cyril Anozie, has charged Nigerians in China, to diversify their interests on commodity trading to investing in agriculture and products manufacturing.


Ambassador Anozie who made this plea at the Nigeria-China business summit in Beijing also stressed the need for the diaspora Nigerians in China to intensify efforts on industrialization, noting that if majority of them who were involved in several trading businesses in China diversified into industrialization and manufacturing, the Nigeria economy would be boosted the more.

Citing example with the Chairman of Shangai Engineering Works and Blue Diamond Logistics, Mr Festus Uzoma Mbisiogu, who he said had already established products manufacturing industries in Nigeria, China, Dubai and many other countries across the globe, including Imo State, his state of origin, he urged Nigerians in China and those in various countries abroad to follow suit and ensure committed efforts are made in establishing Small Scale or Cottage industries in Nigeria.

He said, “I implore you to engage in industrialization, especially in agriculture. I am also delighted with the progressive reports of a good number of you who have taken the giant stride to establish industries in Nigeria and various countries of abode abroad.

Nigerians in China could take advantage of their strong presence globally to form joint partnerships and ensure they make proper use of Nigeria’s many landmass and raw materials to produce better finished goods.”

Lack of proper awareness and sensitization: Ambassador Anozie also cited lack of proper awareness and or sensitization as a major factor leading to the failure of many Diaspora Nigerians achieving success in products manufacturing.

He said, “It would interest me to have more than half of the population of Nigerians in China diversify into industrialization and impact positively to promoting structured investment in Nigeria.

I have no gain in denying the fact that Diaspora Nigerians in China have been playing significant roles in promoting investments between China and Nigeria and are also contributing to the transformational agenda of President Goodluck Jonathan. All responsible Nigerian authorities should support efforts made by the teeming number of Nigerians in China to achieving industrialization in Nigeria.”

Also addressing fellow Nigerians in China, Chairman Shangaia Constructing Company, Mr. Festus Uzoma Mbisiogu, urged them to be steadfast in endeavours to ensure a progressive Nigeria, by getting involved in products manufacturing. He said that efforts to bring investors into the country early in the year was not futile, as the trip resulted into signing of series of MOUs in various areas of interest, including power generation, Housing and Agriculture.

Also encouraging Nigerians in China, Mbisiogu stressed the need to diversify from commodity trading, noting that a good number of Nigerian businessmen and women in China belong to the SME categories and find it difficult to clarify between investment and commodity trading.

“Our only plea with the Nigerian government is to hasten effort to provide adequate power supply which is a basic factor that can discourage any meaningful investor, many Diaspora Nigerians in China who are equally engaged in very prosperous businesses here in China want to repatriate their funds and investment home but have been abysmally held back by the power supply nightmare in Nigeria,” said Mbisiogu.



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