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Showing posts with label Investment. Show all posts
Showing posts with label Investment. Show all posts

Monday, 27 October 2025

Cross River to Host Global Investment Summit in London, Targets Diaspora and Foreign Investors

The Cross River State Government will host an international investment summit in London from Nov. 17 to Nov.19, aimed at attracting global investors and engaging the diaspora in sustainable development.

The summit, themed “Unlocking Opportunities and Driving Sustainable Growth with the People’s First Agenda of Senator Prince Bassey Edet Otu”, will spotlight strategic sectors and investment-ready projects across the state.

Hon. Ignatius Oli, Chairperson of the Central Planning Committee, Cross River State Diaspora Commission, disclosed this in a statement issued to the Newsmen Saturday.

> “We are positioning Cross River as a competitive investment destination in Nigeria and West Africa,” Oli said.
“This summit is a strategic move to unlock partnerships that will fuel economic growth and align with the state’s People’s First Agenda.”



He said the event would convene investors, policymakers, diaspora professionals, and development partners to explore opportunities in agriculture, tourism, ICT, manufacturing, renewable energy, infrastructure, and the green economy.

> “We aim to mobilise both domestic and foreign capital into high-growth sectors,” he said.
“It will also promote bankable projects and public-private partnership (PPP) models that can drive long-term development.”



Oli said the summit would serve as a platform for business-to-business and business-to-government networking.

> “Diaspora engagement is central to our strategy. We want to connect with Cross Riverians abroad and create channels for investment, mentorship, and knowledge transfer,” he added.



He noted that the summit’s outcomes would align with the state’s development goals and support Nigeria’s Economic Recovery and Growth Plan (ERGP).

The event will be moderated by Mr. Nero Ughwujabo, a public policy expert with a background in stakeholder engagement and strategic communications.

Prince Otu Okor, Chairman of the Cross River State Diaspora Commission, described the summit as a turning point for the state’s global re-engagement strategy.

> “We are deliberately creating a platform that links our diaspora community to viable investment opportunities back home,” Okor said.
“Cross Riverians abroad are not just spectators—they are vital partners in the state’s transformation agenda.”



He said the Commission is working closely with the summit’s planning committee to ensure effective diaspora participation across all sessions.

> “Our people in the diaspora have the networks, skills, and capital needed to accelerate economic growth in Cross River,” Okor added.
“This summit provides a concrete pathway for them to contribute meaningfully.”



Oli further highlighted opportunities across several strategic sectors:

> “In agriculture, we are focusing on commercial farming, agro-processing, and export value chains,” he said.
“Tourism prospects include hospitality, eco-tourism, and cultural festivals. We are also promoting manufacturing opportunities in agro-allied industries, light production, and export growth.”



He said ICT and renewable energy—particularly solar mini-grids, hydro, and biomass—would also feature prominently, alongside infrastructure such as roads, industrial parks, and urban renewal projects.

> “We’re targeting responsible investments in forestry and mining, including sustainable timber, eco-products, carbon credits, and minerals like barite and limestone,” he added.
“We’re also creating pathways for diaspora-led investments through bonds, joint ventures, and mentoring.”



Oli said Governor Senator Prince Bassey Edet Otu would deliver the keynote address and officially open the summit.

> “The programme will feature a policy showcase on investment incentives and ongoing regulatory reforms,” he said.



Panel discussions will focus on tourism, infrastructure, health, agriculture, ICT, and renewable energy, while a special diaspora session will address skills transfer, strategic investments, and long-term partnerships.

The summit is expected to attract investors, business leaders, development agencies, diplomatic missions, and senior government officials.

> “This is not just an event; it is a gateway to partnerships that will define the future of Cross River State,” Oli said.



Oli also expressed appreciation to the International Organization for Migration (IOM) Nigeria, led by Ms. Sharon Dimanche, for their strategic support in mobilizing multilateral partners and fostering collaboration to advance the vision of His Excellency Senator Prince Bassey Edet Otu.

He noted that IOM’s continued engagement underscores the importance of migration and diaspora investment as key drivers of sustainable development in Cross River State.

"Click on the link for registration https://cridcom.crossriverstate.gov.ng/crs-investment-summit


Friday, 5 September 2025

North West Development Commission Explores NWDC $200m Agricultural Investment With Global Partners

North-West Development Commission (NWDC) is exploring a major agricultural partnership valued at USD 200 million, in collaboration with Shanghai Integrated Infrastructure Development Limited (SIIDL) and Peerless Advisory Limited.

The proposed agreement is aimed at boosting commercial farming across the North-West region. Representatives of SIIDL and Peerless Advisory visited the Commission this week to signal their commitment and interest in working with NWDC.

If finalized, the initiative will transform key agricultural value chains including sesame, soya beans, rice, hibiscus, and wheat. The programme will also introduce modern mechanized farming equipment and farmer training schemes to boost productivity and strengthen food security.
SIIDL would act as the anchor investor, potentially providing up to 80 per cent of the project funding through Foreign Direct Investment (FDI). At the same time, NWDC would contribute its share as counterpart support, including land allocation and facilitation of government approvals.

The NWDC leadership highlighted that this initiative aligns with the Commission’s long-term goal to unlock the agricultural potential of the North-West. It marks a significant step towards a transformative public-private partnership capable of creating a lasting impact for communities and the broader economy.


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