Grand Economic Boost For South Eastern Nigeria

An entrepreneur citizen of Nigeria, Dr Okey Napoleon Iwunwa wants to fight economic recession in his country by plugging in millions of dollars in investments to boost South Eastern Nigeria regional economies.
By: Kenhag Funds & Accu Data Corp
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FCT - Abuja - Nigeria

FCT, Nigeria - Sept. 22, 2016 - PRLog -- A Nigerian born entrepreneur and innovation strategy consultant, Okey Napoleon Iwunwa and his team has pledged to inject about $250 million in the South Eastern part of Nigeria beginning from mid February, 2017.

Dr Okey plans to invest money in various industries with primary focus on Light Manufacturing/Fabrications, Food processing and Transportation. He stated that this will help boost the economy by creating thousands of skilled and non-skilled employment for graduates and non-graduates from across the country.

"Our choice of S.E region is not politically driven but an attempt to diversify from the oil economy in that region. We plan to get involved in education and telecoms at a later time. We will take it step by step until we inspire other investors and wealthy citizens of the country to think outside the box. No one will help Nigeria except we help. Nigeria may look bad now on paper and national credit ratings may seem very bad but this is the time to position ourselves for the great future. We cannot deny our country what it deserved for any reason. As sons and daughters of Nigeria, we can mobilize resources to aid our society now. Every little drop of help will help, even words of encouragement mean much this time", he said.

Okey also mentioned that he is inviting the S.E and South-Southern governors from Nigeria and their cabinet members and industry leaders to a meeting Houston, Texas in February, 2017 where he wants to discuss regional strategic economic development with focus on light manufacturing, commercial agriculture, small-medium business development, and funding options for new and existing industries in the region.

The reason the meeting is set to take place in USA is to bring Nigerian leaders face to face with a variety and networks of American industry leaders, investors and hold both workshops and town-hall meetings that are extremely targeted and goal oriented. He also wants to discuss the funding of a seaport and other mega projects in south eastern/south-south region. Whatever that is needed to be done, we will try to do and also assist in funding where necessary.

Speaking from his Houston-Texas office at Green Way Plaza, he suggested that state leaders need to stop relying on the federal government but go out to market the potentials of their state to the world. " You cannot lead by sitting down to wait for people to submit proposals or by asking people to submit tenders for contracts. A leader in a country like Nigeria need to stand up for his people and learn how to create big things from small things and or from nothing. The old paradigm of leadership should be put to death. Though, the country is officially in recession, Nigeria is still a great place to invest money. The place of Nigeria in Africa remains very strong both on paper and in real terms. There is a strong belief that the nation will bounce back before long, despite political and ethnic differences. In growth economics, nothing falls down and stays down. People, money and tools move up and down everyday. Nigeria will climb back up. Investing in Nigeria is not as risky as it is on paper. There is risk in every market, including here in the United States. We lose money daily in America. The economy gets scary often. To win is to pay attention to the market and be very careful in what we invest money in. Therefore state leaders that wants to attend the meeting in February should connect with us immediately. This is for their own goods. We cannot chase public officials around", he said. Dr Okey is the founder of a fast growing national residential services company, Door2Doortech and a senior partner at Kenhag Funds & Accu-Data Corp.

KenHag Funds & Accu-Data Corp provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling capital market and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analytics. Kenhag's computational economics activities focus on the proprietary development and scalable implementation of robust modeling and data analytic frameworks, including the application of computational tools and methods derived from machine learning, data-mining, and text-mining to systemic real world issues.

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