Connect with us
nairametrics

Economy & Politics

Nigeria’s Other Side: The immigrant population

Nigeria is a predominantly black nation, but over the years, there have been immigrants from foreign lands who came with their families.

Published

on

Nigeria’s Other Side: The immigrant population

When people think about Nigeria, what immediately comes to their mind are four or sometimes five top-line issues. The biggest country on the continent for population and entertainment; great black soccer nation; the country known for its crude oil exports, or even highly smart individuals who may sometimes use their creative energies negatively. Whatever you think of Nigeria, one cannot deny that the country is a very diverse nation made up of three main ethnic groups – Igbo, Hausa, and Yoruba, as well as other very vibrant minor ethnic groups. The U.S Embassy in Nigeria reports that Nigeria has a total of 250 ethnic groups present in the country. While this report is largely true, Nigeria’s diversity is not only highlighted in its local cultural diversity but also in its racial diversity as well.

Nigeria is a predominantly black nation, but over the years, even before 1960s when the country gained its independence from the British, there had been immigrants from Asia and Europe, who came with their families to start a new life in this country.

One immigrant group that has integrated into the Nigerian environment are the Lebanese.  The Middle East Institute reports that the first Lebanese immigrant to arrive in Nigeria was Elias Khoury in Lagos during the year of 1890. As a result, other Lebanese families followed suit and migrated to Nigeria in an attempt to expand their business and build a transnational network. The Lebanese settled mostly in the Northern part of Nigeria, particularly in Kano State, which Ironically has a throughway called Beirut Road. This was named after the capital of Lebanon, Beirut.

Nigeria’s Other Side: The immigrant population

The benefit of their migration to Nigeria has been largely beneficial in creating economic prosperity, capital formation, and even a socio-cultural development. According to the Middle East Institute, there was a survey conducted on Lebanese living in major Nigerian cities and in Lebanon. The survey reported that 80% of the Lebanese interviewed concurred with the fact that their migration and the success of their business enterprise in Nigeria was all due to them building a network, in which they leveraged contacts from family members, friends, and even other businessmen.

GTBank 728 x 90

One popular Lebanese-Nigerian is the billionaire businessman and Philanthropist, Gilbert Chagoury. He and his brother, Richard, own the Chagoury group, which is a Nigerian multinational business corporation that was founded in 1971. According to Forbes, the net worth of The Chagoury Group is projected to be about $4.2 billion and they are the owners of the Eko Hotel & Suites in Victoria Island, Lagos.

[READ MORE: Why Detty December is synonymous with the growth of Nigerian tourism]

The Chagoury group is also behind the Eko Atlantic project in Lagos, which is an entirely new coastal city built in Victoria Island and is reserved exclusively for the high net worth individuals and corporate entities including some Embassies. The Eko Atlantic City project is expected to accommodate over 150,000 people, who would reside there, and another 250,000 people, who would work and commute there, according to the Eko Atlantic website. This location and the Eko Hotel has been the favourite spots for entertainment events in Lagos.

Coronation ads

This project by The Chagoury group would be very influential for the city of Lagos and it would help to increase the internal generated revenue for the Lagos state government. According to ventures Africa, the overall cost for the development of this new city would be about $6 billion.

An interesting group whose presence predates the Nigerian Independence are the Greeks. The Greeks were over 10,000 before the 1980s and the Nigerian military coup. Leventis Group of Companies was founded by a Greek man, Mr Cypriot Anastasios George Leventis and the Leventis stores, where a lot of Nigerians worked including my grandmother was the first example of successful retail chain business in Nigeria for a very long time. By 2005, according to Greek embassy in Nigeria, Greece exports into Nigeria had risen to 65.7 million euros, while the imports into Greece is 20.2 million. Greek investments in Nigeria at some point rose to 5 billion dollars with Greeks owning the Flour Mills, having a stake in the Nigerian Bottling Company to mention but a few. A number of intermarriages occurred with some notable Nigerian families still bearing Greek names.

A handful of Chinese also came into Nigeria before 1960 and owned companies in some states in Nigeria including Delta state. They have had a presence in Nigeria since the 1930s and they have been largely successful because of the businesses they have established in the country and grown significantly since then.

One particular Chinese company that has been well known for doing business in Nigeria is the China Civil Engineering and Construction Company (CCECC). This construction company was first established in the People’s Republic of China before it expanded into Nigeria for business during the year of 1979. According to China Daily, since the establishment of the CCECC, the company has employed over 20,000 Nigerians in 70 different projects, specifically in the field of road, bridge and railway projects.

The Lebanese, the Greeks, the Chinese, Indians, Syrians, Filipino, Cypriots immigrants have become part of the Nigerian people. The country also saw the migration of Africans from the South and West Africa at some point.

Jaiz bank ads

Although Nigeria’s immigrant population is barely acknowledged by the native black population, it is without a doubt that the foreign settlers, who have made Nigeria their home for the over 5 decades, have contributed immensely to the economic growth and projection of the country. It does not matter where you grew up, what ethnic group you are from or where your parents came from. What matters is that you love this country, Nigeria, and that is what is important.

Stanbic IBTC

We are truly a culturally and racially diverse country.

 

Paul Olele Jnr writes from Washington DC. He is a 2019 graduate of George Washington University and currently works as graduate Media and Research Intern at the Initiative for Global Development.

Nairametrics frequently publishes articles from experts such as financial analysts, economists, researchers and investors. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform. To get your articles on Nairametrics, kindly send an email to [email protected] and we will publish it within 24 hours of approval by our editorial team.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Economy & Politics

National Assembly does not have power to replace constitution – Omo-Agege

The Deputy Senate President has stated that the National Assembly does not have the power to replace the constitution.

Published

on

National Assembly does not have power to replace constitution - Omo-Agege

The Deputy President of Senate, Ovie Omo-Agege, has stated that the National Assembly does not have the power to replace the constitution.

The Senator disclosed this at a meeting with the Alliance of Nigerian Patriots led by Amb. Umunna Orjiako on Wednesday. He was represented by his media aide, Mr. Yomi Odunuga.

READ: FG to inject over N198 billion on capital projects in power sector in 2021

Omo-Agege said what could be achieved was an amendment of the constitution by the National Assembly. He urged stakeholders to channel the demands of a new constitution towards constitutional amendment.

“I am not so sure that we as a Parliament have the power to replace the Constitution. We can only make amendments and it is explicit in sections 8 and 9 of the constitution on how we can do that and the requisite number of votes required.

GTBank 728 x 90

READ: Nigeria is the 14th largest producer of tomatoes in the world, second in Africa – NIHORT

“I say that because there are some top attorneys in this country, who for some reasons, keep saying that we don’t even need any of this, that we should just bring a new constitution. We can’t do that.

“What we are mandated to do by law is to look at those provisions and bring them up-to-date with global best practices, especially to the extent that it tallies with the views of the majority of Nigerians. So we are not in a position to replace this constitution, but we can only amend.

Coronation ads

READ: Commercial banks in frenzy as they seek N1.5 trillion boost

The senator also said that the Senate would look into issues like restructuring if there is a major demand for it from Nigerians and also the exclusive legislative list.

“But, like I said, most of the issues you have raised here, like zones replacing states, that’s another euphemism for going back to the regions. We will look into that if that is what majority of our people want.

“You talked about devolution of powers. The preponderance of views we have received so far is that those 68 items are very wide and need to shed some weight and move them to the Concurrent Legislative List.”

READ: Update: Buhari seeks power to freeze accounts, clamp down on money launderers

Jaiz bank ads

What you should know 

  • Nairametrics reported last week, that Sokoto State Governor, Aminu Tambuwal, said any plan to restructure Nigeria and the Constitution must pass through legal due process from the National Assembly.

Stanbic IBTC
Continue Reading

Economy & Politics

Dapo Abiodun presents N339 billion budget to Ogun State Assembly

Ogun State Governor has presented a N339 billion 2021 budget to the State House of Assembly.

Published

on

The Governor of Ogun State, Prince Dapo Abiodun, presented the N339 billion budget for 2021 tagged “Budget of Recovery and Sustainability,” to the Ogun State House of Assembly.

This was disclosed by the Governor on Wednesday after he presented the budget proposal to the House. He added that the budget will remain focused on completing as many projects as possible.

READ: We are working to clear N124 billion backlog of export claims – NEPC

READ: Buhari presents N13 trillion 2021 Budget to National Assembly

GTBank 728 x 90

READ: Reps to support total reforms in aviation industry through legislation – Speaker

What they are saying 

Aggregate expenditure for the State Government is N339billion, with a recurrent expenditure of N162billion and capital expenditure of N177billion,” the State Governor said in his statement.

He added that the budget would be focused on project completion in the state.

READ: Sanwo-Olu presents N1.1 trillion 2020 budget

Coronation ads

The budget remains focused on the completion of as many ongoing projects as possible. The State House of Assembly would be presented with the most critical projects, which we must all work collectively to ensure they receive adequate funding,” he said.

READ: Lagos Rail Mass Transit: House of Assembly approves N153 billion for construction

He also said that the budget will provide suitable grounds for recovery from the obvious economic challenges of the current fiscal year, while ensuring that Ogun State’s local economy remains sustainable going forward.

Continue Reading

Economy & Politics

Gov. Wike presents 2021 budget worth N448.6 billion

Rivers State Governor has presented the 2021 budget worth N448.66 billion to the Rivers State House of Assembly.

Published

on

Budget, Oyigbo: We announced curfew to prevent ethnic clashes- Wike, #EndSARS: IPOB killed 6 soldiers and 4 policemen, burnt police stations - Wike

The Governor of Rivers State, Nyesom Wike, has presented the 2021 budget titled “Budget of Recovery and Consolidation,” worth N448.66 billion to the Rivers State House of Assembly for consideration.

According to a report by the News Agency of Nigeria, the budget represents more than 20% increase over the 2020 Revised Budget of N300 billion.

READ: FG’s unsustainable budget deficit and debt service cost

What you should know

  • The 2021 budget comprises the sum of N305.89billion budgeted for capital expenditure, while N142.78billion is earmarked as recurrent expenditure.
  • Of the budgeted sum for capital expenditure, which represents 68.18% of the total sum constituted; Administrative Sector, N87.7 billion; Economic Sector, N105 billion; Law and Justice, N1.7 billion; Social sector, N132 billion; and deductions/Loan repayments, N38 billion.
  • N82.9 billion is budgeted for provision of infrastructure including roads, bridges and the completion of flyover projects at Okoro-Nu-Odo, Rumuola, Rumuogba, and GRA junctions, all in Port Harcourt metropolis.
  • Out of the sum budgeted for recurrent expenditure, N76 billion is for personnel costs; N18.8 billion is for overheads and N47.7 billion will be for grants and transfers to the consolidated revenue charges.

READ: IGR: States generate N612.9 billion in H1 2020, dips by 11.7% 

What they are saying

Commenting on the budget, the Governor said: “The 2021 budget will also prioritise security and sustain existing efforts in combating insecurity and keeping residents safe and secure.

GTBank 728 x 90

“We will also deliver the Ogoni/Andoni/Opobo unity road, the Eastern Bypass dualisation, 6th and 7th flyover projects and the Wakama road, as well as all other ongoing rural roads in our communities and local government areas across the state.”

READ: N200 billion Unclaimed Dividend: Securities dealers reject FG’s plan to manage fund

READ: SEC says state governments have borrowed N900 billion from capital market

Coronation ads

What this means

With about 68.18% of the total budget allocated to capital expenditure, this is a pointer that the present administration is committed to continuing various capital and developmental projects aimed at transforming the state, advancing its economic and social growth, and positioning it as one of the frontline states in Nigeria.

Continue Reading