NABF to Attract $4bn Investment into Nigeria in Two Years

• NABF to Attract $4bn Investment into Nigeria in Two Years

The Nigerian American Business Forum (NABF) based in the United States of America has promised to attract at least $4 billion worth of investment into the Nigerian economy in the next two years.

The forum made the declaration during its 2020 Investment Conference titled ‘Improving Nigeria’s Economy: Opportunities and Challenges’ at Tampa, Florida, US.

Kenneth Shobola, the President, NABF, said: “Our goal remains the same; we are attracting a $4 billion investment over a two-year period. We have already identified some areas where there’s deficiencies such as healthcare, agriculture and education.

“We’ve been doing quite a lot. Privately a lot of our members are making inroads into those numbers and also corporately, we’re already working and also looking at very good viable projects in Nigeria.

“Should things go the way we want, with the plans we have in place, exiting this conference, a huge chunk of that $4 billion investment would definitely be hit before our next conference,” he said.

According to Shobola, Nigeria is one the few fertile countries to invest in at the moment.

“As in everything high risk in the world, no investment is risk-free but at the same time, you must minimise or eliminate these risks as best as you can.

“I think Nigeria is one of the countries as a developing nation where you can truly see the opportunities that you probably will not see here in the United States and then if properly harnessed, you will get the desired results,” he said.

He noted that there are opportunities in the health sector, especially if dilapidated hospitals could be revamped it would curtail craze medical tourism by Nigerians.

“We have massive youth unemployment at this stage, our goal is to continue to do what we are doing to attain 100 per cent youth employment.

“Just look at the Nigerians here, they sing our praises everywhere we go just because we have the opportunities and those opportunities showcase our talents.

“But Nigerians at home have the education but don’t have the opportunities. This is creating a very dangerous condition,” the NABF President said.