The Nigerian Diaspora Direct Investment Summit (NDDIS) in London has
announced the postponement of the 2022 NDDIS Investment Summit.
At an online meeting of the organisation, the Founder of NDDIS, Otunba Bimbo Roberts Folayan expressed regrets that this year’s event had to be postponed due to circumstances beyond the control of the organisers.
This year’s summit, themed “Invest Nigeria 2022’’ was scheduled to take place on the 7th and 8th of October 2022 at the Grand Hotel, Northumberland Avenue, London and was set to attract International Investors to invest in critical sectors like Security, Power, The Green Economy, ICT, Infrastructure, Sports and Finance in Nigeria.
Several business delegates, government officials, and a couple of state governors had already agreed to attend the summit from Nigeria before the postponement.
Chairman of the Steering Committee of NDDIS, (also Chairman of the British African Business Alliance) stated that, “NDDIS has a core mission of building bridges between UK and Nigeria. In so doing, NDDIS addresses the frustrations
of Investors who find the Nigerian negotiation process slow and confusing – our role is to make these discussions run more smoothly.”
He also announced the dissolution of the NDDIS task force and the formation of a new committee to work with important stakeholders to replan the 10th-year event for a later date.
According to the founder of NDDIS, Otunba Bimbo Folayan, NDDIS brought forward and submitted 14 different trade and business deals at the last NDDIS to one of the states in Nigeria. The anticipated huge inflow of dollars from the projects would have started
contributing to higher investment and growth and would have started creating new jobs to boost the State and Nigerian
economies if things had been done differently.
‘Our recent experience with a Nigerian State has been very challenging,” he commented, “at a time when investors are running away from Nigeria because of its security challenges but regardless, Nigeria has so much that needs to be done, issues need to be resolved,
so the benefit to all parties, the community and the wider country can all be achieved and delivered.”
Organizers of the event stated that, the date for the new event will be announced after consultations with sponsors.
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