Group, Mission partner to boost economic growth in Africa

The Africa Business ventures and Investment group (ABVIG) in partnership with the Nigerian Embassy in Washington DC, USA has underscored the need for partnership among African countries to boost economic growth in the continent.

This is contained in a statement by Mr Moses Owharo, Executive-Director of ABVIG, against backdrop of the forthcoming Africa Infrastructure, Climate Change and Investment Summit (AICIS) , scheduled to hold between Sept. 5 and Sept 8, in the U.S.

Owharo, also Chairman, Planning and Organising Committee of AICIS, said the group, collaborating with the embassy and relevant stakeholders, had held series of meeting to prepare and ensure success of the forthcoming event.

According to him, the purpose of the meeting with the Embassy ahead of the planned AICIS + Exhibition scheduled to hold in Washington DC, is to strategise and finalise arrangement.

“It is incredible to partner the embassy, as well as other diplomatic missions, present and former African Heads of State, the United Nations, African Union, private sectors, and civil society, to boost economic growth in Africa.

“This is mostly needed as Nigeria is currently going through the effect of the removal of the fuel subsidy.

“Even though this may be temporary measure in the right direction, the Africa region needs a permanent solution that will power homes, production and foster better quality of life as effect of climate is at the center of these technologies.

“This AICIS will provide professional platform for more collaboration between renowned experts in BioMassTechnology with investors, businesses, policymakers to promote better and economic development in Africa.”

He quoted Dr Uzoma Emenike, Nigerian Ambassador to the United States in Washington DC, represented by Amb. Mobilaji Sogundero, Deputy Head of Mission, saying that the AICIS is apt in terms of tackling economic challenges.

“African organisations and governments need to deepen collaboration through Public Private Partnership with each other and connect with the West to ensure sustainable economic development in the continent of Africa.”

He also quoted the AICIS Coordinator, Lulieta Zhilla, as saying that the event would feature plenary, and executive workshop-breakout sessions, dinner and award of certificates..

“It will bring together more than 1,500 participants, investors, investment companies and multilateral organisations, including more than 100 exhibitors, and stakeholders from all sectors.

” They will discuss and address key issues affecting Africa’s development and growth.”

The chairman also quoted Franca Ukpaiama, Finance and Admin. Director of AICIS, saying in spite of the recent decentralization of the Nigerian Electrical Energy supply, there could not be better means to tackle such challenge than through partnership.

“To create awareness in our region about alternatives in power generation from technocrats that are equipped to help provide the most needed and reliable power supply strategy driven by our local materials, at a cheaper and affordable cost.”

Source: News Agency of Nigeria