The forthcoming Common-wealth Heads of States and Government Summit Meeting (CHOGM) in Abuja has the potential of opening up a new era of foreign capital and investment flow into Nigeria.

Media co-ordinator of the summit, scheduled to hold in December, Otunba Segun Runsewe, gave the insight in Ibadan yesterday.

Runsewe, an executive director of the National Orientation Agency (NOA), said Nigeria's hosting of the historic conference would mark a symbolic end to the nation's pariah status.

The NOA executive director, who spoke with newsmen at an interactive session, said the foreign delegations would include a formidable team of private sector groups, which would accompany their presidents and prime ministers to Abuja.

Runsewe said the nation could do with such a renewed wave of investment flow as a way of demonstrating the vibrancy and other characteristics of the economy.

He said the hosting of the meeting would put a stamp of approval on the nation's democracy since such a dignified assembly of Heads of States and Government could never be hosted by a non-democratic government.

The NOA Executive Director gave the assurance that the nation would respond positively to the challenges inherent in such epochal conference.

He, called for the support of the critical segments of the nation to ensure the successful hosting of the commonwealth.

Runsewe said "our inability to transit peacefully in the past has always given the military the opportunity to violently seize power."

He said "this time around all Nigerians have a special role to play in ensuring a peaceful transition."