Cavista Leverages UNGA 2025 to Position Nigeria as Investment Destination

By Modupe Gbadeyanka

The urgent need to drive foreign direct investment (FDI) into Nigeria has been emphasised by a global investment company, Cavista Holdings.

At an event held on the sidelines of the 80th Session of the United Nations General Assembly (UNGA), the firm, chaired by Mr Niyi John Olajide, advised investors to quickly tap into the Renewed Hope Agenda of President Bola Tinubu to end food insecurity in the country.

Business Post reports that Cavista organised a Gala Night in New York, USA, in collaboration with Corporate Council on Nigeria (CCA) and the Nigeria Governors Forum (NGF).

The exclusive invite-only ceremony was attended by private sector investors, leaders from international finance partners, top governments officials in the United States, Africa and a high-power Nigerian delegation led by the Vice President of Nigeria, Mr Kashim Shettima.

Also present were Governor Babajide Sanwo-Olu of Lagos State, Governor Mohammed Umar Bago of Niger State, Governor Dauda Lawal of Zamfara State, the Emir of Kano, Muhammad Sanusi II; the Deputy Governor of Cross River State, Mr Peter Odey; and some Ministers from Nigeria, among others.

In his welcome address, Mr Olajide, who doubles as the chairman of CCA, noted that Nigeria has the potential to be the future market through “value creation and impact.”

“Nigeria is not only a future market. It is the present-day frontier of value creation and impact.

“At Cavista Holdings, our vision is clear: to create value and transform lives. We invest in Africa for three reasons: to create jobs, to create more jobs, and to create even more jobs,” he stated.

He added that as part of efforts to help end food insecurity in Nigeria, Cavista Holdings has flagship investments such as Agbeyewa Farms, home to Africa’s largest cassava farm; transformed Ikogosi Warm Springs Resort into a premier hospitality destination, while Cavista Technologies and Payzeep powering Africa’s digital economy with plans to expand into energy and mining.

On his part, Mr Shettima, represented by the Minister of Education, Mr Tunji Alausa, said the bold fiscal reforms by the President Tinubu-led administration has been attracting investments and supporting the private sector to strengthen the economy.