HBCU News Spotlight:
- Dr. Charles Mambula highlighted strategies to boost Foreign Direct Investment as a catalyst for Nigeria’s economic development.
- Presentation emphasized leveraging the Renewed Hope AGENDA: education, health, infrastructure, and security to attract sustainable investment.
- Meeting fostered international collaboration, public engagement, and opportunities for Nigerian officials to adopt FDI-driven development ideas.
by Ellie Melero
Dr. Charles Mambula was one of four economics professionals chosen to speak at the Renewed Hope USA General Meeting at the end of October, providing him the exciting opportunity to contribute to the discussion and share insights about how to grow and develop the Federal Republic of Nigeria.
Renewed Hope USA is a group concerned about the economic, infrastructural and social development of Nigeria. It is a group of Nigerians in the Diaspora from the United States, and it seeks to promote Nigeria’s Renewed Hope AGENDA. This includes finding ways to reform the economy to deliver sustained inclusive growth; focusing on education, health and social investment as to development; enhancing infrastructure and transportation as enablers of growth; and strengthening national security for peace and prosperity.
Dr. Mambula, who’s originally from Nigeria, is an associate professor in the LU School of Business. Because of Dr. Mambula’s previous work with similar groups, including ones with special interest in poverty alleviation, social and infrastructural development, and education, Renewed Hope USA invited Dr. Mambula to share his thoughts on how Nigeria can grow through Foreign Direct Investment (FDI).
“The presentation was basically to identify some of the progressive Foreign Direct Investment that is currently being carried out by the administration of President Bola Ahmed Tinubu and his team, while showcasing opportunities within the USA space and other parts of the world that Nigeria can take advantage of to help with the AGENDA for a better country,” Dr. Mambula said.
Companies or businesses participate in FDI when they invest in a company or business based in another country. For example, when foreign auto manufacturers open plants in the United States, that’s a form of FDI.
In his presentation, Dr. Mambula explained the benefits of FDI and shared his ideas for how Nigeria could promote FDI. As an expert on the topic, he was excited for a chance to present on FDI to an international audience. The General Meeting also offered an opportunity for Nigerian government officials and people close to government to have an opportunity to learn about his work.
Most importantly, he was excited for an opportunity to potentially contribute to the continued development and growth of his home country.
“I believe the global village idea for such a gathering will positively foster public engagement, showcase capacities and capabilities, and more importantly, promote opportunities for more collaborations,” Dr. Mambula said.
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