MNDA Seeks Foreign Direct Investment from US
Omolosho Fatai Olamilekan
The Minister of State, Ministry of Niger Delta Affairs (MNDA), Senator Omotayo Donald Alasoadura has restated the need to strengthen bi-lateral relationship with the United States of America to attract Foreign Direct Investments (FDI) and explore avenues for diversification in the Niger Delta region and Nigeria at large.
This was contained in statement released by Director of Press and Public Relation, Federal Ministry of Information and Culture, Patricia Deworitshe, on Thursday.
The Minister made this assertion at the Summit with the theme “Economic Development, Investments and Local Governance Mission,” held in Houston-Texas, United States of America (USA), recently.
He affirmed that the Summit is aimed at forging international economic cooperation for investment, build institutional exchanges and explore avenues for diversification of Nigeria’s economy hence an avenue to attract investors and investments from the USA into the Nigeria’s economy.
According to him, “it will create an effective bilateral opportunity between private and public sectors of both nations”.
Speaking further, Sen. Alasoadura delved into the history of the Ministry created in September 2008 to serve as the primary vehicle for the execution of government’s policies, plans and programmes for the rapid socio-economic development of the region.
He pointed out the role of the Ministry’s parastatal, which is the Niger Delta Development Commission (NDDC) whose mission is to facilitate rapid, and sustainable development of the Niger Delta into a region that is economically prosperous, socially stable, ecologically regenerative and politically peaceful.
He also said Nigerian Government is determined to reposition the country, particularly the Niger Delta region, in terms of provision of infrastructures, for investment promotion, noting that the evident in the Presidential approval in 2020 for the establishment of InfraCo Plc, which is a world-class infrastructure development vehicle with combined debt and equity take off capital.