Foundation Urges S’East Businessmen To Invest At Home

Alaigbo Development
Foundation (ADF) has called on South East businessmen and women to invest in the zone in order to stem migration of youths faced with challenges of unemployment.
President of ADF, Prof. Uzodinma Nwala, told newsmen in Enugu that there was an urgent need that the entrepreneurs joined the current “Invest-at-Home’’ movement sweeping across the zone.
He explained that the movement aimed at addressing the challenges of unemployment, poverty and migration in the zone.
Nwala noted that the call was based on the time tested fact that only entrepreneurs from a particular zone would have enough passion to develop it if they pooled their resources together.
He said that more than 80 per cent of investments by entrepreneurs from the South East zone were made outside and had not benefitted the youth.
“There is a great need for NdIgbo to appreciate the importance of this wake-up call of the Invest-at-Home Movement,’’ he said.
“This call does not jeopardise the enormous investments they have in Nigeria and beyond it aimed at bringing charity back home since our charity as Ndigbo has been thriving only abroad,’’ he said.
He decried what he termed the abysmal neglect of agriculture, coal mines and enormous gas deposits in the zone by the Federal Government, saying it impeded the economic potentials and development of the South East.
“I am using this medium to laud Igbo entrepreneurs who have consciously taken up the mantle to redress this neglect by investing in the South East states in the bid to help stem the tide of poverty, unemployment and insecurity,’’ he said.
He said thinking home on investments would address the issue of capital flight from the zone.

L-R: The Principal, Union Secondary School, Awkunanaw, Ven. Moses Ifeanyieze, traditional ruler of Ogui Nike Community, Igwe Tony Ojukwu and Chief Supervising Principal, Enugu State Post Primary Schools Management Board, Chief Charles Maduekwe, during a Traditional Education Quiz Competition in Enugu, yesterday.