The drive for new investment in Nigeria will have to take a new turn over the next few years. First because we have an administration which believes in top down economic management and they will be forming a new administration come May 29th 2019. Also because when we factor in the dynamics of the forth industrial revolution, which is driven by cutting edge technologies including but not limited to artificial intelligence, nano technology, block chain technology, autonomous vehicles, virtual reality, etc, we must realize that the clock is ticking for NIGERIA and its Leadership to make the strategic investment required to reposition Nigeria to take advantage of this revolution. I advise the Nigerian Leadership to start looking strongly at *local direct investment* as a strategy for aggregating new capital into Nigeria, as we are not too sure the foreign investment will be forthcoming over the next four years, unless we change our economic polices, which is highly unlikely under a Buhari second term. BUT ANYTHING IS POSSIBLE. So fingers crossed he changes his style and approach to economic management.
I go further to identify what I call the A- LIST of Entrepreneurs in Nigeria who are driving local direct investment in Nigeria, many of who are known to me personally as the starting point of a new local direct investment strategy.
I focus mostly on Eastern Nigeria as an *Investment destination* and call out these A-LIST Entrepreneurs who I have worked closely with in the past such as Alhaji Aliko Dangote, Femi Otedola, Jim Ovia, Tony Elumelu and so on, and I make a strong case for them to start considering eastern Nigeria as their next investment destination.
In the paper I give strong compelling reasons why eastern Nigeria is a great investment destination and i even highlight its major competitive advantages which include but are NOT limited to, its smart and highly educated youth population as well as its strategic positioning as a center for processing agricultural products including Cassava, Cashew and Oil Palm. Not to mention its lion share of the Nigerian Diaspora population who currently send hone remittances of over $20 billion officially and another $10 billion unofficially.
I conclude by proving a strategic reason for both the Federal Government as well as the Private sector to invest in eastern Nigeria, and my ressons are purely based on return on Investment not sentiments.
Dr Okoye is
CEONICKY OKOYE ORGANIZATION *www.nickyokoye.com*Instagram: @nickyokoye Twitter: @nickyokoye Facebook: realnickyokoye
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