The Chairman and Chief Executive Officer of McDons Skye Hotel, Owerri, Dr. Modestus Chigo Akweke, has commended President Bola Tinubu for inaugurating the Presidential Economic Advisory Council (PEAC) and the Presidential Foreign Intervention Promotion Council (PFIPC), describing the move as a significant step towards economic revival in Nigeria.
Dr. Akweke described the formation of the dual advisory body as a bold and timely decision that signals the federal government’s commitment to long-term economic reform.
He noted that the non-statutory nature of the councils allows them to operate independently and strategically, with a focus on policy advice and foreign investment promotion.
This is the kind of independent council composed of prominent economists and technical experts from various sectors needed to revive our economy and help in attracting foreign investors into our country,” Akweke said in an interview on Friday.
He particularly praised the proactive approach of the PEAC/PFIPC leadership, highlighting the recent participation of the councils at the Future Hospitality Summit Africa (FHS Africa) held in Cape Town, South Africa. The Nigerian delegation to the summit was led by the Director General of PEAC/PFIPC, Prince Adeniyi Adeyemi.
According to Dr Akweke, the presence of the delegation at FHS Africa demonstrated the seriousness of the federal government’s investment drive and commitment to promoting Nigeria as a viable destination for global investors. He said the team’s engagement with top international investors was a commendable step towards rebuilding trust and securing long-term partnerships.
He expressed optimism that the in-depth discussions held between the PEAC/PFIPC and global investors at the summit would begin to yield tangible results in the near future, particularly in sectors such as tourism, hospitality, and infrastructure development.
With the participation of the PEAC/PFIPC at FHS Africa, it was a true reflection that the council is more focused on attracting and facilitating foreign investment and partnerships in Nigeria’s hospitality sector,” he stated.
Dr. Akweke also commended the policies presented by the Nigerian delegation at the summit, which, according to him, reassured potential investors of a stable and transparent business environment in the country. He believes such outreach efforts are critical to changing the negative perception of doing business in Nigeria.
He noted that the council’s strategy includes creating a level playing field for all investors, both foreign and local, and providing the necessary protections to encourage long-term commitments to the Nigerian economy.
The Future Hospitality Summit Africa is regarded as one of the most influential gatherings for hospitality investors on the continent. It serves as a hub for networking, policy dialogue, and innovation aimed at unlocking Africa’s tourism and hospitality potential.
