Southeast governors, Ohanaeze Ndigbo set up stabilization fund

Southeast governors, Ohanaeze Ndigbo set up stabilization fund

- 50 southeast experts have been mandated to set up a stabilization fund for Igboland

- The initiative is an idea of southeast governors and the apex Igbo socio-political group, Ohanaeze Ndigbo

- Very distinguished Igbo sons and daughters like Ike Chioke, Dr Sam Amadi and Onyeka Onwenu are among the experts

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Governors in the southeast, in conjunction with the apex Igbo socio-political group, Ohanaeze Ndigbo, have agreed to set up Alaigbo stabilization fund.

The fund is expected to drive investment in the southeast such that every Igbo investor or entrepreneur would want to take advantage of the incentives it would provide.

A statement by Chief Emeka Attamah, spokesman to Ohanaeze Ndigbo president, Chief Nnia Nwodo, further stated that the fund is intended to develop Igbo land to the status of Catalonia in Spain and Bayern in Germany.

Southeast governors, Ohanaeze Ndigbo set up stabilization fund

The Ohanaeze Ndigbo under Nwodo has shown its interest in southeast economic prosperity. Photo credit: Ohanaeze media
Source: UGC

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To achieve this objective, a 50-man steering committee made up of experts and professionals in banking, finance and development economics drawn from the diaspora and all the southeast states have been set up to draft the basis of the fund and its governance structures.

A renowned economist and development expert and former Economic Adviser to President Obasanjo, Professor Osita Ogbu will head the committee, while Anyim Ude, will serve as its secretary.

Other members of the committee include Emeka Onwuka, Ike Chioke, Dr Joe Abah, Dr Sam Amadi, Onyeka Onwenu and Professors Viola Onwuliri and Joy Ezeilo.

Experts say Nigeria is going through a seismic change in its governance infrastructure and it will bode well for the southeast to be part of it.

The southeast seems to have taken the advice and seized the moment to position the region in ways that will ensure residents in the region benefit from prosperous policies.

The composition of the committee suggests the Ohanaeze Ndigbo is ready to take the bull by the horn and ensure the economic prosperity of the southeast.

One of the committee members, Ike Chioka, has over 28 years of investment banking experience involving strategic advisory in corporate finance including mergers and acquisitions, project/structured finance and debt/equity capital markets activities.

Another member, Dr Sam Amadi is a fellow at the Care Center for Human Rights Policy at the Harvard’s Kennedy School of Government. He was the lead consultant, strategic engagement with actors in the southwest and southeast regions organized by the Partnership to Engage, Reform and Learn, a project of the UK Department for International Development in October 2017.

Meanwhile, the Ohanaeze Ndigbo has disclosed that it is still committed to ensuring that an Igbo president succeeds President Muhammadu Buhari in 2023.

The organization explained that the quest for the southeast zone to produce the next president was in the spirit of equity, justice and fair play.

Mazi Chuks Ibegbu, the deputy national publicity secretary of Ohanaeze on Monday, May 18, in Enugu pleaded with political parties in the country to zone their presidential ticket to the southeast zone.

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Source: Legit Newspaper

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