'Nigerians in Diaspora Critical to FDI'

Economic experts, private sector leaders and others who converged at the Pan-African University, Lekki, Lagos, over the weekend, concurred that Nigerians in the diaspora are a critical factor in the federal government's efforts towards seeking foreign direct investments (FDI) into the country. Delivering a lecture entitled "A Competitive Economy for an Oil Rich Country," 2001 Nobel Prize winner and former vice president of World Bank, Professor Joseph Stiglitz stressed the need to encourage Nigerians in the diaspora to support the development situation at home, while positing the need for the federal government to cash in on the ongoing high prices of oil in the international market.