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Cash-for-Support vs Policy Growth: Gbandi Highlights $2.3bn Housing Vision Blocked by Politics

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(DDM) – Hon. Kenneth C. Gbandi, the longest-serving European Continental Chairman of NIDOE, has raised concerns over what he describes as Nigeria’s preference for “cash-for-support politics” over sustainable development policies.

Diaspora Digital Media (DDM) learned that Gbandi referenced a proposed $2.3 billion humanitarian housing initiative under a 660-unit hypermarket housing project aimed at job creation and youth empowerment.

According to him, the project—developed with support from diaspora stakeholders—was designed to generate thousands of jobs, reduce youth unemployment, and establish technical and vocational training centres.

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He noted that the initiative operated with what he described as “zero budget capacity mobilisation,” relying on expertise and partnerships rather than direct government funding.

Gbandi alleged that despite receiving clearance from relevant agencies including the Federal Ministry of Finance and Family Homes Funds, the project faced political interference that stalled its progress.

He argued that such setbacks reflect a broader national challenge where long-term development projects are often overshadowed by short-term political incentives.

According to him, Nigeria continues to lose valuable opportunities due to what he described as a culture of financial patronage in politics.

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He questioned the sustainability of systems that prioritise immediate cash distribution over structural economic development.

Gbandi emphasised that real leadership should focus on building institutions and infrastructure that outlive political cycles.

He said while funding is necessary for mobilisation and logistics, it must be strategically directed toward long-term national growth.

The diaspora leader warned that continued reliance on short-term incentives could deepen economic challenges and weaken governance outcomes.

He called for a shift toward policy-driven development that prioritises competence, planning, and accountability.

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Gbandi stressed that Nigeria must choose between immediate gratification and sustainable prosperity.

He added that diaspora-led initiatives remain available but require political will and transparency to succeed.

Observers say his comments reflect ongoing debates about the role of diaspora investment in Nigeria’s development framework.

They note that such projects often face bureaucratic and political hurdles despite their potential impact.

As discussions continue, attention remains on how Nigeria can better harness diaspora expertise for national development.

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