Press Release: Okonjo-Iweala, NASS Team Engage Nigerians in Diaspora On Economic Development

                                                      FEDERAL MINISTRY OF FINANCE
                                                          News Release. September 2, 2014

                                                   OKONJO-IWEALA, NASS TEAM ENGAGE
                                                   DIASPORA ON ECONOMIC DEVELOPMENT

In response to the long-standing desire of the Nigerian diaspora to support economic development in the country, a high level Executive-Legislative team is currently holding a series of interactive sessions with Nigerians in Europe and the United States. The sessions are organized by the Debt Management Office, led by its Director-General, Dr. Abraham Nwankwo.

The delegation is headed by the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala and includes key members of relevant committees in the National Assembly. The members of the National Assembly are: Senator Ahmed Makarfi Chairman, Senate Committee on Finance, Senator E. Uzamere, Chairman, Senate Committee on Local and Foreign Debts, Senator Ita Enang, Chairman, Senate Committee on Appropriation, Honourable Adeyinka Ajayi, Chairman, House Committee on Aid, Loans and Debt Management, Honourable Famurewa Ajibola Israel, House Committee on Diaspora, Honourable Abdulrahman Terab, House Committee on Finance and Honourable Emmanuel David Ombugadu, House Committee on Appropriation.

It will be recalled that Nigerians in the Diaspora have been seeking ways and means to contribute more to the country’s development. This interest is backed by substantial capacity: the value of remittances from Nigerians abroad in 2013 was $20.77 billion; for the first half of 2014 it is $10.40 billion. This includes contributions through remittances to their families, friends and communities, medical missions and provision of scholarships.

Indeed, the experience of countries such as Israel and India shows that the Diaspora are a force to be reckoned with in the growth and development of any country, through the funding of critical development projects, among other means. The current effort is directed at providing the Nigerian Diaspora similar opportunities.

The Meetings which started yesterday in London, will continue in New York, Washington DC and Houston between September 2-4, 2014. The London meeting hosted by the Nigerian Ambassador to the United Kingdom, H.E. Dr. Dalhatu Sarki Tafida, was attended by over 140 invited Nigerian professionals. The meeting provided an avenue for the CME and the other members of the team to update Nigerians in the Diaspora on the developments in the Nigerian economy, the major achievements of the Transformation Agenda under the Administration of His Excellency, President Goodluck E. Jonathan and the opportunities available in Nigeria for Diaspora Nigerians.

Nigerians were also reassured of the developments in Nigeria with respect to the Ebola Virus Disease and the Government’s management of the situation. Participants expressed concern about the security situation and urged the government to do more particularly with respect to the return of the Chibok girls. Participants also showed a lot of interest in contributing to development with investments in infrastructure, SMEs and in the housing sector.

It is expected that through these Sessions, Nigerians in Diaspora will be better informed about developments in the country and be encouraged to contribute in various ways to the development of the economy and nation-building in general.

Paul C Nwabuikwu
Special Adviser to the Coordinating Minister for the Economy and Minister of Finance


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  1. Please kindly inform the minister for finance that the acting. provost federal college of agriculture ishiagu Ebonyi statet Dr. felix Anuebunwa has presently posted some account and audit staff of the college out of their department for refusing to endorse the sum of 46million naira document which the acting provost and acting bursar claimed it will be paid into the personal account of the minister for finance. it was observed the acting provost, acting bursar and Mr. Ndubuaku theophilus who is the head planning unit and also national secretary of ASURI has scanned the signature of the minister and prepared a payment voucher in her name which in an attempt to deceive other staff to endorse the payment into another account presented by mr. ndubuaku theophilus. the discovering of this fraud was followed by immediate deployment of the staff that failed to cooperate while accusing them of revealing official secret which has being going on in the college since April 2013 till date when the acting provost assumed office after sponsoring the removal of the former provost. in his failed bid to lure the staff to coperate; the acting provost revealed how he asked all the relevant directors where petitions could be sent to present five candidates for recruitments which he has perfected in last three months recruitments exercise which was neither advertised, applied or sit for an interview. He employed 210 senior staff using diamond bank plc to effect the payment of their salaries including those who are yet to report.
    He also boasted that even though some people have sent petitions to icpc and efcc; he claimed the directors who are expected to investigate his crimes have already sent their candidates for recruitment which he has perfected. He also threatened to post some staff to boko haram infested states. Please, we are calling upon the minister to come to our aid. We are suffering for blocking these monsters from using her name and denting her image before the entire people who may come across the document if perfected. For further inquiries google and read comments attached to ”corruption eating up federal college of agriculture ishiagu ebonyi state” or ”Rot in federal college of agriculture ishiagu”. They have once scanned and used the signature of wife of Mr. president to award contract to a company presented by mr ndubuaku named, ‘global growth construction company’. Investigate and prove. if the account and audit staff who are posted out of the unit are contacted, we will aid the investigation. Thanks


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