The Honourary International  Investors  Council,(HIIC), has advised the Federal GAovernment to ensure judicious utilisation of the over N200  billion allocated  to the implementation of the amnesty programme ,and not to allow the programme produce few miliionaires at the expense of development.

It also reminded the Niger Delta community that  only a total cessation of hostilities  can attract direct foreign investment into the area and the country.

The council also urged the federal government to ensure that the funds provided for the region must be directed at sustainable development projects that will change the lives of the majority of people rather than create few millionaires.

In a communiqué made available to state house correspondents after the council's two day meeting in Abuja,Barroness Linda Shocker, former member of the British house of common,said  the amnesty programme put in place by President Umaru Musa Yar'Adua is in the right direction that must be implemented well for maximum benefits.

According to her,the funds  being channeled towards the second phase of the amnesty , 'Must be payable to functional provision of large scale training and skill  and critical capacity building and enhancement for all Niger Delta youths,not just militants.

 'In this time of unprecedented competition for global and technological resources,Nigeria needs to reposition itself urgently to compete favourably and attract investors.To put Nigeria ahead in the global market of preffered investment destinations,the country must equally publicise its success stories.Funds provided for the region must be directed at sustainable developmental projects that will change the lives of the people rather than make millionaires of a few.

Nigeria needs to clean up her investment climate and fine-tune her processes in order to compete with other oil producing countries in Africa for investment funds and other resources,and that the prevailing uncertainty in the petroleum sector is a disincentive to foreign direct investment.The terms,conditions and rules of engagement in the downstream sector,need to be clearer and made much more widely known'.

The council also urged  government to liberalized land acquisition and property registrationprocedures which Rivers State has already began,and promote e-governance.