jasdooit

The founder and Chief Executive Officer of Winhomes Global Services Ltd, Engr Stella Okengwu, has outlined the role of diaspora-driven efforts in drawing foreign direct investments (FDIs) into Nigeria.

During an interview on Diaspora Connect, Okengwu mentioned that her enthusiasm for building opportunities for Nigerians and Africans living abroad has continued to be the main motivation for her investments in real estate, oil and gas, and the drinks industry.

She stated that Africa, especially Nigeria, continues to be among the fastest-expanding consumer markets worldwide because of its big population, dynamic business spirit, and significant consumer interest.

She stated that her increasing business involvement in Mexico started in 2023 when she noticed parallels between Mexicans and Nigerians regarding culture, perseverance, and entrepreneurial spirit.

Okengwe mentioned that a key method to draw investment into Nigeria is by altering unfavorable global views via professionalism, trustworthiness, and ethical conduct.

“The most effective method to alter opinions is by means of personal encounters, expertise, and establishing confidence. When individuals interact with reliable Nigerians or conscientious business executives, their perspectives shift,” she mentioned.

The business owner revealed that she has been facilitating introductions between international partners and Nigeria by inviting them to the country to personally experience the commercial landscape.

She disclosed that certain Mexican investors and business figures, who initially had security worries regarding Nigeria, altered their viewpoint following visits to cities like Abuja.

As per her statement, more than 30 Mexicans are set to travel to Nigeria as part of efforts to broaden and formally introduce her high-end tequila venture in the nation, following a successful trial in the South African market.

Okengwu emphasized that individuals from the Nigerian diaspora who are investors and business owners can contribute to enhancing Nigeria’s economy through investment, guiding the youth, and establishing international collaborations.

“There is nothing wrong with pursuing growth overseas, but numerous Nigerians living abroad are starting to recognize opportunities at home and are keen on playing a role in nation-building,” she stated.

She maintained that the “Japa” migration pattern should not be seen in a negative light, pointing out that Nigerians living overseas can still make significant contributions to Nigeria’s growth no matter where they are.

“Building a nation is not focused on geography. It revolves around dedication and economic involvement. Nigeria requires the collaboration of both local residents and diaspora groups to create a better country,” she said.

In discussing the obstacles hindering investment flows, Okengwu highlighted a lack of proper maintenance practices, conflicting policies, and insufficient safeguards for investors as key problems.

She called on the government to implement more robust measures that safeguard investments from the diaspora and foreign direct investments coming into Nigeria.

As she explained, nations such as the United States strongly safeguard foreign investments and guarantee that citizens receive advantages from social welfare programs including medical care, food assistance, and tax rebates.

She advocated for better healthcare, education, and social welfare policies in Nigeria, stating that efficient taxation should result in tangible social advantages for the population.

Okengwe also urged Nigerian young people to adopt entrepreneurship and employment generation rather than concentrating only on political roles or office-based opportunities.

“Generate opportunities for yourself prior to seeking employment,” she recommended, while cautioning against societal stories that deter young individuals from valuing hard work and entrepreneurship.

She argued that, although there are current challenges, Nigeria is a nation offering great opportunities and significant potential for investors who are ready to collaborate with reliable local partners.

Provided by SyndiGate Media Inc.Syndigate.info).