Saturday, July 04, 2015

NUSACC mobilizes $1b Diaspora fund for Nigeria

The Nigeria-USA Chamber of Commerce (NUSACC) has concluded plans to raise $1 billion, about N198.95b Diaspora funds for development in Nigeria, reports ITRealms.

The fund meant to close infrastructure gap in Nigeria, will be mobilized at the 5th International Summit of the Chamber between August 27 and 29, 2015, at Mayflower Renaissance Hotel in Washington DC, the United States.

According to Primus Igboaka, secretary, NUSACC, the business-to-business match-making event will provide opportunities for personal interactions between United States business leaders and Nigerian entrepreneurs, while also creating a platform for them to showcase their products and services, ITRealms gathered.

“They are avenues for market meetings, presentations and match-making between businesses and key industry players,” Igboaka said, adding that players in agriculture, construction and real estate, energy and power, information and communication technology (ICT) and franchising, among others, are expected to be there.

Nigerian Ambassador to USA, Adebowale Adefuye, ITRealms reports, will be the key note speaker, while former minister of finance and coordinating minister for the economy; Dr. (Mrs) Ngozi Okonjo-Iweala, will be joined by the consul- general of the Federal Republic of Nigeria in US, Habib Baba Habu, as speakers.

The Nigeria-USA Chamber of Commerce, incorporated in 2009 in the State of Ohio as a non-profit organisation, functions as a unique business and legislative advocacy organization comprising members and professionals with business management, finance and accounting backgrounds.

Cyriacus Nnaji/GEE with additional report by BusinessDay

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