*It will provide jobs and curb social vices — Diwe
*South-East govs must be ready to provide enabling environment, adequate security of their investment and tax waiver — Attama
*It will quicken development of South-East — Ebonyi leaders
Enugu—The association of South-East town unions, ASETU, has called on wealthy Ndigbo in Nigeria and in Diaspora to start investing part of their wealth in Igboland to stimulate industrial and economic development of the South-East and provide jobs for the youths of the zone.
Proposed as Aku Ruo Ulo Investment Initiative, (Think Home), ASETU argues that if wealthy Ndigbo across the globe bring about 20% of their investments to Igboland, with the acclaimed ingenuity of Ndigbo, South-East could turn to Dubai or California of Africa.
According to the President-General of ASETU, Chief Emeka Diwe, the proposal “is an action plan for making our wealthy brothers and sisters who reside outside Igboland to begin to consciously, gradually and seamlessly repatriate their wealth back home.
“In this way, more jobs will spring up and social vices take a nosedive in Igboland. It is the development of the Igboman in Igboland. It is painful to note that the greatest number of individual wealthy Nigerians is Igbos, yet, this reality has not reflected in the existential conditions of the Igboman in Igboland.
“The aggregate wealth of our people is scattered across the globe and their business nesting everywhere.
“We must, therefore, end this ongoing capital flight which will also end the brain drain and with multiplier and accelerated effects, Igboland will become the attraction of Nigeria and Africa.
“This is a restructuring that can never be restructured again.”
This was ASETU’s charge to Ndigbo.
From reaction, it seems Ndigbo agree with the proposal. According to them, the ‘Think Home’ investment idea is a clarion call to wealthy sons and daughters of the South-East to look towards home while channelling their investments to make Alaigbo great again.
Chief Emeka Attama, the Media Adviser to the President-General of Ohanaeze Ndigbo agrees with the idea and said the call by ASETU is the same thing with the recent programme of Ohanaeze Ndigbo, calling for the establishment of Alaigbo Stabilisation Fund.
He believes that if the intended objective of ‘Think Home’ investment is achieved, it would make Igboland the Catalonia or Bayern of Africa, a business hub of note.
Attama also believes that the Alaigbo Stabilization Fund is a noble idea as the think home project, as they would create a conducive environment for prospective investors, pointing out that any contributor to the funds automatically becomes a shareholder.