Connect with us

Business & Economy

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

Published

on

Abike-Dabiri-Erewa
Share

 

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)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business & Economy

Nigeria, UK Move to Close £1.2bn Trade Data Gap with Digital Customs Pact

Published

on

UK and Nigeria Flags
Share

 

Nigeria and the United Kingdom have agreed to deepen customs cooperation through a new digital data-sharing framework aimed at resolving a £1.2 billion discrepancy in bilateral trade figures, a longstanding issue affecting transparency and efficiency between both economies.

The agreement was reached during a high-level meeting in London on March 18, 2026, held on the sidelines of President Bola Tinubu’s state visit under the Nigeria–UK Enhanced Trade and Investment Partnership (ETIP).

According to the Nigeria Customs Service (NCS), the talks brought together Comptroller-General Adewale Adeniyi and Ms. Megan Shaw, Head of International Customs and Border Engagement at His Majesty’s Revenue and Customs (HMRC), with discussions focused on customs modernisation, trade data transparency, and operational collaboration.

At the centre of the engagement is a significant mismatch in trade statistics. Nigeria recorded about £504 million worth of imports from the UK in 2024, while UK data shows exports to Nigeria at approximately £1.7 billion over the same period — leaving a gap of roughly £1.2 billion.

Both sides described the discrepancy as structural and agreed on coordinated measures to address it. Chief among these is the proposed implementation of a pre-arrival data exchange system, which will connect digital customs platforms in both countries to improve data accuracy, strengthen risk management, and enhance compliance monitoring.

Adeniyi emphasised that stronger customs collaboration is vital for economic growth and sustainable trade, noting that customs authorities play a key role in ensuring secure and transparent cross-border trade flows.

The meeting also highlighted advancements in customs technology, with the UK showcasing artificial intelligence-driven tools, digital verification systems, and real-time analytics designed to improve cargo processing, risk assessment, and border security.

In addition to addressing the data gap, both countries agreed on several strategic initiatives, including the development of a Customs Mutual Administrative Assistance Framework, technical cooperation on capacity building, and the establishment of a joint engagement mechanism under ETIP.

The NCS said the outcomes of the meeting would enhance operational efficiency, boost trade facilitation, and support Nigeria’s broader economic reform agenda, positioning the country for improved competitiveness in global trade.

Continue Reading

Business & Economy

Nigeria’s “Shockproof” Economy: Cardoso Signals New Era of Stability to London Investors

Published

on

CBN Governor, Yemi Cardoso
Share

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso issued a bullish assessment of the nation’s financial health yesterday, declaring that aggressive institutional reforms and disciplined monetary policy have built a “stronger capacity” to withstand global economic volatility.

Speaking at the Africa Capital Forum—held on the sidelines of President Bola Ahmed Tinubu’s state visit to the United Kingdom—Cardoso painted a picture of a Nigerian economy transitioning from a period of emergency stabilization to one of sustained investment.

A Fortress Against Volatility

The Governor’s address focused heavily on the “de-risking” of the Nigerian financial system. By emphasizing a shift toward a predictable policy framework, Cardoso aimed to reassure international stakeholders that the days of opaque, discretionary decision-making are ending.

“We are reviewing our policies with a view to developing meaningful policies and establishing a predictable policy framework to minimise discretion,” Cardoso stated, noting that consistency is the primary tool for reducing investor uncertainty.

The Governor highlighted several critical milestones achieved under the current administration’s reform agenda:

Banking Recapitalization: The CBN reported that over 30 banks have already met new capital requirements.

Notably, 28% of the newly raised funds originated from foreign investors—a metric Cardoso cited as a clear vote of international confidence.

FX Transparency: A new foreign exchange manual has been deployed, stripping away previous restrictions to boost liquidity and simplify operations for multinational businesses.

Remittance Surge: Increased diaspora remittances have bolstered foreign exchange reserves, providing a crucial buffer against external shocks.

Fiscal-Monetary Synergy: In a departure from previous friction, Cardoso noted that the inclusion of fiscal authorities on the CBN Board and the Monetary Policy Committee (MPC) has synchronized the nation’s broader economic strategy.

The Digital Frontier: “Vision for Nigeria”

Looking ahead, the Governor announced the completion of a new Payments System Vision. This initiative aims to cement Nigeria’s status as the continental leader in digital payments and cross-border transactions, specifically targeting the removal of regulatory hurdles for the nation’s burgeoning fintech sector.

 

Continue Reading

Business & Economy

Tinubu Swears in Taiwo Oyedele as Minister of State for Finance

Published

on

President Bola Ahmed Tinubu and Taiwo Oyedele
Share

President Bola Ahmed Tinubu on Monday swore in Taiwo Oyedele as Minister of State for Finance, praising his experience, dedication, and professionalism in public service.

Speaking shortly after the brief ceremony at the Presidential Villa in Abuja, the president described the appointment as a vote of confidence in Oyedele’s competence and commitment to national development.

Tinubu commended the new minister for his role in coordinating the work of the Presidential Committee on Fiscal Policy and Tax Reforms, noting that his expertise and deep knowledge of tax policy had been instrumental in shaping reforms aimed at simplifying Nigeria’s tax system, expanding the revenue base, and improving the business environment.

“We are very proud of your knowledge, your simplicity, ambition, and excellence,” the president said, while also acknowledging the support of Oyedele’s wife, whom he praised for standing by him despite the demands of public service.

Tinubu said Oyedele’s dedication, patience, and determination to serve the country made him well suited for the role, adding that the position carries significant responsibility at a time when Nigeria is pursuing economic stability and growth.

According to the president, the new minister’s efforts in reforming Nigeria’s tax framework have helped address policies he described as outdated and inconsistent with progressive economic thinking.

Oyedele, who hails from Ikaram in Akoko area of Ondo State, is an economist, accountant, and public policy expert.

He obtained a Higher National Diploma in Accountancy and Finance from Yaba College of Technology and later earned a Bachelor of Science degree in Applied Accounting from Oxford Brookes University.

He has also completed executive education programmes at London School of Economics, Yale University, Gordon Institute of Business Science, and Harvard Kennedy School.

Before his appointment, Oyedele spent 22 years at PricewaterhouseCoopers, where he joined in 2001 and rose to become Fiscal Policy Partner and Africa Tax Leader.

He also serves as a professor at Babcock University in Ogun State and as a visiting scholar at Lagos Business School.

Continue Reading