A former Governor of the Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, has challenged Nigerians in the diaspora to invest in the country.
Soludo spoke at the Nigeria Diaspora Investment Summit 2019. The event was organised by the Nigerians in Diaspora Commission (NIDCOM). The summit was held at the Presidential Villa Abuja, with the theme; “Leveraging Diaspora Resources for Economic Growth.”
Soludo, who was the keynote Speaker at the summit, noted that investment in Nigeria should not be seen as charity. On the other hand, he urged Nigerians in the diaspora to see it as a duty and responsibility of all. Further, he disclosed that for any country to leverage its resources for economic growth; it must develop and empower its homelands.
“Our duty as a marginal contributor in a fast growing economy is to contribute in a place where your skills and professionalism is required. Diaspora on the average has the highest education and skills compared to the person in the homeland.
“We are calling on all Nigerians in the diaspora to come and develop our economy to an enviable height,” Soludo implored.
Nigeria possesses huge financial, human capital, says Soludo
Meanwhile, the former CBN Governor affirmed that in a time where racism, xenophobia and terrorism is on the increase; there is an urgent need to create an enabling environment in ensuring a prosperous homeland.
Additionally, he noted that creation of enabling environment was key in developmental strategy and also the utilisation of human capital.
“Capital is not colour neutral, so having one that looks like you is important. That is why we need to develop our homeland and make it stronger. For example, the Americans have to throw massive resources both in human capital and otherwise; for their homeland to be strong and that has made it attractive for foreigners to invest.
“Nigerians have to develop her human capital and have a strategy on the export coming from abroad and within to evaluate her population. Our human capital in years to come is going to be bigger than oil. This is because Nigeria has a huge financial and human capital,” he said.
Therefore, Soludo urged government at all levels to work hard and change the narrative by turning human capital into a money-making machine.