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NACCIMA urges Nigerians in Diaspora to return home to invest

12 July 2015, 08:51

Ibadan - Asiwaju Alabi, National Vice-President, National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has called on Nigerians in Diaspora to come home and invest in the country.

Alabi made the call on Saturday in Ibadan during the inauguration of YEBAOT Automobile Limited, Ibadan.

The media reports that the company is established by Yomi Olatinwo, an indigene Oyo State, base in United States of America.

He said that Olatinwo, who just returned from US to invest in Ibadan, had contributed to the growth of the economy of Nigeria and reduced its rate of unemployment.

Alabi said that his call became necessary because a lot of rich Nigerians in foreign countries had refused to come home to invest.

He reminded Nigerians in foreign countries that the country needed them especially now that the price of oil, which the country depended for most of its revenue, had been on downward trend.

"The country needs to diversify its economy, to do that, we need foreign investors to boost the economy of the country, thereby creating jobs and reducing unemployment."

"Government alone cannot do it, those that have the resources to set up business should assist the government by setting up a business," NACCIMA Vice- President said.

Speaking the Chief Executive Officer of YEBAOT, Automobile Limited, Olatinwo, expressed the determination of his company to contribute to the economic growth and development of the country.

He said that his company deals in new cars, brought to Nigeria for sale.

The media reports that friends and family members of Olatinwo attended the occasion.



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