Friday, 20 October 2017

TURKISH-NIG TRADE : Dev't economist, Odidi, bears his mind on what Gov Ayade should do

Efio-Ita Nyok|20 October 2017 

International development consultant, political scientist, social entrepreneur and public affairs analyst, Mr Princewill Odidi, has said that the Executive Governor of Cross River, Gov Ben Ayade, should rather contemplate international investment with Turkey than the Japanese, Chinese or Germans NegroidHaven has learnt. 

The international development consultant, who observed that Nigeria-Turkish trade ties was the best of former President Goodluck Jonathan's economic bilateral ties owing to its yielding $3 billions annually, has noted that the Ayade government would have thought about soft loans and national guarantees from the Turkish government. Odidi added that attempting international investments deals requires doing the right things, eschewing short cuts. 

Odidi's words, 'Ayade administration would have done far better attempting to create inroads with Turkish investments both in soft loans and national guarantees than attempting to access same with the Japanese, Chinese or Germans. I hope some of AYADE's investment officials tagged along with the President to this trip to Turkey. When attempting to deal with international investments there are no shot cuts, you just have to do it right. 

'Having a great vision of attracting investors to the state is one thing, doing it the right way to get expected results is another thing. I hope we can one day learn to do these things right like other states. Presently only Lagos, Kano, Abuja and lately Kaduna appears to understand how securing investment portfolios work. Cross River State would need to build more technical Capacity if we must compete'. 

Turkish investors inclination in Nigeria 
Odidi, who noted that Turkish investors have focus in two states and the FCT has highlighted the fact that state governments are supposed to align their investment drive with the FG's trade policy ties. 

According to him, 'Most Turkish investors have focused their investments in Lagos, Kano and Abuja. Buhari is presently visiting Turkey to hold more trade meetings with President Erdoghen of Turkey. 

'What most of our state governors fail to understand when it comes to international investments is that they are better off to align their investment drive to complement the federal government trade policy agreements, it is easier to access investors using such established frameworks than attempting to break new grounds on individual state sponsored transactions'. 

Efio-Ita Nyok
Is a Blogger, the Editor & Publisher of NegroidHaven 

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