Nigeria is billed to hold summit to woo investors

Nigeria is billed to hold its third diaspora investment summit to boost remittances from abroad. Convened by Nigeria Diaspora Summit Initiative (NDSI) in collaboration with Nigerians in Diaspora Commission (NiDCOM), the summit will run virtually from November 20 till the next day.

The event will be declared open by Vice President, Yemi Osinbajo with the theme, “Post-COVID-19 Economic Resurgence: Targeting Diaspora Investment”.

It is free for participants but pitchers are to pay N15,000, according to the Chairman, NiDCOM, Abike Dabiri-Eerewa, at a briefing in Abuja on Monday. Mrs Dabiri-Eerewa, however, did not give any reason for the stipulated amount.

The summit will highlight investment opportunities and development framework put in place to make investing in Nigeria more attractive to Nigeria Diaspora investors.

The NiDCOM boss said the summit was birthed “when the Nigerian government was examining long-term investment instruments for overseas Nigerians so that they could benefit and contribute to the nation’s economy.”

Underlining the need for two-way engagement between Nigeria and its diaspora, Mrs Dabiri-Eerewa said: “the summit is one of the numerous initiatives the government aims to have greater participation of the diaspora in the country’s economic success”.

With an estimated 15 million diaspora population in over 100 countries, Nigeria hit $17.57 billion in direct remittance inflows from overseas in 2019, according to its Central Bank.

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