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Dabiri-Erewa assures diaspora investors of enabling environment in Nigeria .

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The Chairman/Chief Executive Officer, Nigerians in Diaspora Commission (NIDCOM), Mrs Abike Dabiri-Erewa has assured Nigerians abroad, who plan to invest in the nation, of government’s support and enabling environment.

Dabiri-Erewa gave the assurance during a courtesy visit to Marcelle Ruth Cancer Centre and Specialist Hospital in Lagos.

The News Agency of Nigeria (NAN) reports that the hospital, founded by Dr Modupe Elebute-Odunsi and her husband, Mr Bolaji Odunsi, was set up in Victoria Island, Lagos about six months ago.

Dabiri-Erewa said it was commendable that one of the best professionals in healthcare, left her comfort zone, took the risk to come back and set up a hospital in Nigeria.

She added that it was an inspiration to many Nigerians abroad who wanted to do likewise.

“I think this is most commendable; to come back home to give back. It is not just giving back but giving the best to your society.

“When we travel abroad, we didn’t get anything better than this and the beauty of this is that it is owned by all Nigerians,” she said.

Acknowledging the challenges the hospital may be experiencing in service delivery, Dabiri-Erewa pledged government’s support in helping the hospital achieve its goals.

“The role of government is to create an enabling environment and the good thing is that we have a diaspora policy that puts all the things we are saying to make life better for those who want to come back.

“This is about the fourth that we are acknowledging; we also have a Stroke Centre in Imo state, set up by a Nigerian in diaspora.

“People are coming from abroad but we don’t see these things, we rather see the negatives. We are here to celebrate positivity.

“Government will support every other Nigerian professional that wants to come back home,” she said.

Dr Modupe Elebute-Odunsi, Chief Executive Officer (CEO) of Marcelle Ruth Cancer Centre and Specialist Hospital said the desire to contribute to healthcare in Nigeria was not done light-heartedly.

Elebute-Odunsi, who is also a Consultant Haemato-Oncologist, who has about 30 years experience of working internationally, said it took a lot of planning to achieve.

She said her team did not just want to give back to the society but do it properly, by establishing a hospital that was of international standards.

“What we decided to do here was a complete one-stop shop. We see the issues when patients access care, it’s so disjointed.

“They come to see a doctor somewhere then go and see a specialist somewhere else; they do blood test in one place, scan somewhere else, there’s no cohesiveness.

“If they need a biopsy, chemotherapy, surgery, everything, it’s done here.

“Apart from a PET CT Scan, there is no reason why anybody should get on a plane to go and access care for cancer outside Nigeria,” she said.

Speaking further on the equipments, she said that Nigeria needed about 1,000 Linear Accelerator Machines to deliver radiotherapy for her population of cancer patients but currently have only five available.

Elebute-Odunsi commended the Chairman of NIDCOM for her support in ensuring that people in the diaspora who want to come home to contribute to the development of the nation are able to do so.

She urged banks to make financing accessible to people in the diaspora to make it possible for them to thrive.

Also, Mrs Kemi Ogunyemi, Director of Nursing at the hospital said that the aim of the hospital was to ensure that the journey of cancer care remained positive, regardless of what happens during the treatment.

Ogunyemi, who specialises in Oncology and Cancer Care said the period she worked as a Director of Outpatient Clinic in the United States of America had exposed her to quality and standard, which she pledged to maintain.

She urged NIDCOM to fast track the process so Nigerians in the diaspora, who are at the top of their fields and want to come back home to help with the development of the nation.

One of the patients, Mrs Ifeoma Dibia observed that accessing healthcare at the hospital was not different from what she receives when she goes abroad for treatment.

Dibia said the reasons she preferred receiving treatment at the hospital was because she receives the same quality without having to pay for flight tickets, accommodation and being disconnected from her family.

She urged NIDCOM to encourage more professionals to come back home to invest.

“We need them here, in all fields, especially health. There is no hospital you go to in New York you don’t have Nigerians. So let them come home,” she said. (NAN)

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Business & Economy

Tinubu Tables ₦58.18trn 2026 Budget, Projects Sustained Economic Stability

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President Bola Ahmed Tinubu
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President Bola Tinubu on Friday presented a ₦58.18 trillion 2026 Appropriation Bill to a joint session of the National Assembly of Nigeria, declaring that Nigeria’s economy is showing measurable signs of stabilisation following years of structural pressure.

Tagged “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” the 2026 fiscal plan is aimed at locking in recent macroeconomic gains while translating economic recovery into improved living standards for citizens.

According to the President, Nigeria’s economy expanded by 3.98 per cent in Q3 2025, while inflation moderated significantly, falling to 14.45 per cent in November 2025 from 24.23 per cent in March 2025.

“With stabilising food and energy prices, tighter monetary conditions, and improving supply responses, we expect the disinflationary trend to persist into 2026, barring major supply shocks,” Tinubu said during the presentation on December 19, 2025.

The President highlighted additional positive indicators, including improved crude oil production, rising non-oil revenues, renewed investor confidence, and external reserves climbing to a seven-year high of approximately $47 billion.

Under the proposal, the Federal Government projects ₦34.33 trillion in revenue against planned expenditure of ₦58.18 trillion, resulting in a budget deficit of ₦23.85 trillion, equivalent to 4.28 per cent of GDP. Tinubu emphasised that the fiscal framework is built on realism, prudence, and growth-driven assumptions.

He further assured lawmakers of tighter discipline in budget implementation, stressing that fiscal spending in 2026 would be more outcome-focused.

“Every naira spent or borrowed must deliver measurable public value,” the President said.

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CBN Governor Reassures U.S. Investors on Nigeria’s Economic Reforms, Stability

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CBN Governor, Yemi Cardoso
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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reassured United States investors of Nigeria’s commitment to macroeconomic stability and market-driven reforms, amid global economic uncertainty.

Cardoso gave the assurance during high-level engagements with U.S. business leaders and institutional investors in Washington, D.C., including the U.S.–Nigeria Executive Business Roundtable.

Speaking at the forum, the CBN governor said Nigeria remains focused on rules-based economic management, transparent markets, and predictable policy frameworks to restore investor confidence and drive sustainable economic growth.

He highlighted recent reforms in the foreign exchange market, the adoption of orthodox monetary policy measures, ongoing banking sector reforms, and the modernisation of the payments system. According to him, the reforms are aimed at stabilising the economy and supporting private-sector-led development.

The roundtable, convened by the U.S. Chamber of Commerce’s U.S.-Africa Business Center, focused on macroeconomic stabilisation, regulatory clarity, and opportunities to scale bankable projects across key sectors of the Nigerian economy. Discussions also emphasised efforts to deepen commercial and investment ties between Nigeria and the United States.

Commenting on the outcome of the engagement, President of the U.S.-Africa Business Center, Ms. Kendra Gaither, said investors are increasingly prioritising policy credibility and consistency.

She noted that clarity of rules, credible reforms, and disciplined economic management are critical factors driving investor interest, adding that Nigeria’s evolving message of discipline and opportunity is important in a global economy seeking stability and predictability.

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Tinubu Welcomes Nigeria’s Removal from FATF Grey List, Pledges Continued Financial Reforms

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President Bola Tinubu
President Bola Ahmed Tinubu
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President Bola Ahmed Tinubu has welcomed the removal of Nigeria from the Financial Action Task Force (FATF) grey list, describing it as a major milestone in the nation’s economic reform and global credibility drive.

The FATF, the world’s foremost body for combating money laundering, terrorist financing, and proliferation financing, announced Nigeria’s delisting on Friday at its plenary session in Paris, France.

The decision formally removes Nigeria from the list of countries under increased monitoring, following the nation’s successful completion of its FATF Action Plan after over two years of sustained reforms and inter-agency coordination.

In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu said the development reflects Nigeria’s progress in strengthening its Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.

“Rather than treat our placement on the grey list in 2023 as a setback, we saw it as a call to action,” the President said. “This delisting is a strategic victory for our economy and a renewed vote of confidence in Nigeria’s financial governance.”

The President credited the achievement to far-reaching legal, institutional, and operational reforms implemented under his administration through the Nigerian Financial Intelligence Unit (NFIU), in collaboration with the Attorney-General of the Federation, the Minister of Finance and Coordinating Minister of the Economy, and other key ministries.

Tinubu commended the Director/CEO of the NFIU, Ms. Hafsat Abubakar Bakari, and her team for their diligence and professionalism, as well as the contributions of several ministries, agencies, and private sector representatives who participated in the National Task Force on AML/CFT.

He also acknowledged the support of international partners including France, Germany, the United Kingdom, the United States, the United Nations, and the European Commission, for their technical assistance throughout Nigeria’s reform process.

President Tinubu assured that his administration will sustain and deepen the reforms that led to the country’s delisting.

“This is not just a technical accomplishment,” he said. “It marks the beginning of a new chapter in our financial reform agenda as we continue building a system Nigerians and the world can trust.”

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