After the recent opening of the African Free Trade Agreement, it was forecast that the continent was finally set for global economic competition, with the agreement expected to be fully effective by the first quarter of 2020.


With six-point-six trillion dollars in Gross Domestic Products, using the Purchasing Power Parity, PPP, global investors say that Africa is fast becoming a successful economic frontier, with direct foreign investments in the continent alone rising geometrically despite obvious political, economic and ethno-cultural setbacks.


To raise the consciousness of young and emerging entrepreneurs to the vast opportunities of business development, the Nicky Okoye Foundation; a global entrepreneurial, investment and business strategy network, held a one-day global capital strategy session for over five hundred persons at the banquet hall of the Golden Tulip Agulu Lake Resort.


Available global economic index indicates that there is a total of two hundred and fifty billion dollars in financial support and investment guarantees for Africa from China, the European Union, the United States, Belgium, Germany, France and Japan.
The aim of the session, according to the organizers, was to develop a strategy to access the two hundred and fifty billion dollars in global capital and positioning entrepreneurs for the six point six trillion dollar African Continental Free Trade Agreement.


Current global production map rates Nigeria as the largest producer of cassava, third largest producer of cocoa, second largest producer of cashew, third largest producer of groundnut, sixth largest producer of sesame, fifth largest producer of palm oil, third largest producer of sorghum, yet, the second largest importer of rice globally.


In his speech, the convener and founder, Nicky Okoye Foundation, Dr Nicky Okoye, noted that it was essential for Nigerian entrepreneurs to explore the opportunities of the African Continental Free Trade Agreement, by remodelling their business strategy, and developing acceptable business models that will qualify them to access the fund.


The Executive Director of Anambra State Investment Protection and Promotion Agency, ANSIPPA, Dr Ifediora Amobi, said that Anambra State has made it grounds fertile for domestic and direct foreign investments, with small, medium and large scale businesses expected to play a crucial role in strengthening the economic value of the state.


One of the participants, Miss Elizabeth Orji, came all the way from Taraba State, North Eastern Nigeria, where she combines her dentistry profession with mini-business of providing cloth sanitary pads and diaper for women and children displaced by insurgency, and lack access to hygienic household products.
The session had question and answer segment.

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