Pelican Valley Nigeria Limited has initiated a strategic investment drive in Canada, aiming to engage diasporan investors in Nigeria’s real estate sector. Led by Dr. Babatunde Adeyemo, the CEO, the company seeks to capitalize on the opportunities presented by the Nigerian diaspora by participating in the upcoming Solteque Canada Trade Mission 2024. At a recent press conference at Pearson International Airport in Toronto, Dr. Adeyemo announced that he would showcase the firm’s diverse estate products during this event, highlighting the significance of attracting foreign and non-oil investments to Nigeria, particularly through purposeful remittance. This initiative targets the urgent need to address the housing deficit in the country while also aiming to create job opportunities and support solid retirement plans for Nigerians abroad.
Dr. Adeyemo expressed optimism about the potential impact of the trade mission, referencing a previous successful initiative undertaken in the UK. He reported on the insights gained from diaspora investors who have realized substantial returns from their investments in Nigeria. With the upcoming trade mission, which is scheduled to occur from September 30 to October 4, 2024, at the Emerald Banquet Hall in Ontario, Dr. Adeyemo anticipates that Nigerian expatriates in Canada will respond similarly to the vibrant engagement seen in London. The event will blend the promotion of real estate investment with cultural presentations, including local fabrics, artisan works, and traditional cuisine, fostering a deeper connection between diaspora Nigerians and their homeland.
One of the key elements of the trade mission is its focus on portraying Nigeria’s burgeoning real estate market as a viable investment avenue. Dr. Adeyemo emphasized that Pelican Valley Nigeria aims to empower diaspora investors by educating them about the lucrative opportunities available in property investment. The trade mission will serve as a platform for participants to gain insights into market trends, key growth areas, and strategies for successful investment, thereby encouraging financial planning and retirement security for Nigerian expatriates.
Akin Oduntan, a Canadian Parliamentary aide, also weighed in on the significance of the trade mission, asserting that it would serve as a means for Nigerians living abroad to reconnect with their cultural roots while assessing investment potential in Nigeria. Participants will be immersed in the rich tapestry of Nigerian culture, fostering a comprehensive understanding of how their investments can contribute to Nigeria’s economic resurgence. By bridging cultural and economic gaps, the mission aims not only to stimulate investment but also to reinforce the emotional ties diaspora Nigerians have with their country of origin.
Olawale Olaleye, Chairman of Solteque Incorporation Canada, echoed this sentiment, characterizing the event as an opportunity for the South-West geopolitical zone in Nigeria to unlock substantial economic benefits. He highlighted how the trade mission could act as a vibrant platform to attract investment and leverage the region’s unique opportunities, elevating its economic landscape. By showcasing Nigeria as a land of investment possibility and cultural richness, Olaleye stressed the importance of diaspora engagement for the country’s overall development.
In summary, the Pelican Valley Nigeria Trade Mission to Canada represents a significant step towards fostering diasporan investment in Nigeria’s real estate market. By highlighting the opportunities for economic empowerment and community development, the mission aims to create a productive dialogue between Nigerian expatriates and their homeland. Through educational initiatives and cultural celebrations, Pelican Valley Nigeria Ltd. seeks to position itself as a leader in facilitating this engagement, ultimately contributing to the broader economic growth and housing solutions in Nigeria.
