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Dabiri-Erewa: Diaspora Investment to outweighs FDI soon

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Dabiri-Erewa: Diaspora Investment to outweighs FDI soon

By: Michael Mike

The Nigerians in Diaspora Commission (NiDCOM) Chairman, Abike Dabiri-Erewa has said the plan of the present administration is to work at making the Diaspora investment outweighs the Foreign Direct Investment (FDI),

Briefing journalists in Abuja on Friday on activities lined up for the forthcoming Nigerian Diaspora Investment Summit (NDIS), Dabiri-Erewa said the target of this administration is to ensure that Diaspora Investment in the country outweighs FDI in the nearest future.

The 6th edition of NDIS is scheduled for 13 to 15 November 2023.

NDIS is a private sector initiative supported by the Nigerian government through the Nigerians in Diaspora Commission (NiDCOM), its primary aim is to demonstrate that in the face of stiff competition for Foreign Direct Investment (FDI), targeting Nigerians in Diaspora for inward investment is probably the best strategy for a country like Nigeria with over 15 million of its citizens domiciled in Diaspora.

Dabiri-Erewa disclosed that no fewer than 3,000 participants have indicated interest in the 2023 Nigerian Diaspora Invesvemnt Summit, The Nation learnt.

She noted that this year’s summit aims at attracting Diasporans investment in the area of agribusiness, technology, education, healthcare, real estate and infrastructure. Others are creative, sport and entertainment; energy, mining and manufacturing.

The NIDCOM boss explained that with the current happenings across the globe, Nigeria must stand up to take its place as the number one producer of agricultural produce.

She noted that Nigerian Diaspora in this drive remains a major player in the development of the country, hence the need to harness their investment in the country.

Dabiri-Erewa said the summit is set to ignite new aspirations for Diaspora participation in Nigeria development.

She said, “This year’s summit – a hybrid event enabling remote participation via online channels – is particularly special, being the first under the new administration of HE President Bola Ahmed Tinubu GCFR, and will have as its Special Guest of Honour and Main Keynote Speaker, HE Senator Kashim Shettima GCON, Vice President of the Federal Republic of Nigeria.

“With Heifer International, a nonprofit charity on a mission to end hunger and poverty in a sustainable way as its Lead Sponsor, this year’s summit promises to be a significant milestone in promoting economic collaboration, harnessing opportunities, and fostering a revamped investment climate for Nigeria,” She added.

She also revealed that the Diaspora Housing Mortgage Scheme would be launched by the Honourable Minister, Federal Ministry of Housing and Urban Development, Arc. Ahmed Musa Dangiwa,
during the summit.

The NiDCOM boss said: “As at press time, this year’s summit already has registered, over 2,000 interested participants, including at least 72 identified Nigerian Diaspora investors, 196 small business owners, 148 representatives of private sector entities and 88 public officials from various Ministries, Departments and Agencies who are expected to attend in person, with a further 1,250 expected to participate virtually.”

The Interim Country Director of Heifer International Nigeria, Dr Lekan Tobe said, “NDIS has established itself as the premier platform for connecting Nigerians in the diaspora with opportunities for investment and engagement in the country’s burgeoning industries. NDIS 2023 aims to strengthen the bonds between Nigeria and its diaspora communities while revealing a dynamic view of investment opportunities and prospects in various sectors, particularly Agriculture, which is our focus sector.

“We feel that our goal of assisting more than two million households to achieve sustainable living income by 2030, through strategic private and public sector partnerships that will support the unlocking of the potential in Nigeria’s agricultural sector to achieve food self-sufficiency is fully aligned with that of the summit, as expressed through the NDIS initiative.”

He added that since inception, NDIS has recorded many success stories, both in terms of business connections and social impact. With over 5,000 participants recorded, 900 business links established and over 200 deals closed.

Dabiri-Erewa: Diaspora Investment to outweighs FDI soon

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Crime

Police raids lead to arrest of 104 suspects in Abuja

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Police raids lead to arrest of 104 suspects in Abuja

By: Zagazola Makama

Police operatives in the Federal Capital Territory (FCT) carried out successful raids across multiple criminal hotspots on April 23, resulting in the arrest of 104 suspects.

Sources told Zagazola Makama that the coordinated operation involved officers from Karshi, Kubwa, Kabusa, Nyanya, Lugbe, Utako, Maitama, Apo, Mpape, Karmo, Tungan Maje, and G/Lada Divisions.

During the raids, authorities recovered cutlasses, dried leaves suspected to be Indian hemp, and illicit drugs.

The arrested suspects, who have been profiled, are currently in custody, undergoing screening and interrogation. Those found to be involved in criminal activities will be charged to court.

Police raids lead to arrest of 104 suspects in Abuja

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Crime

Man stabs fellow mentally unstable person to death in Delta

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Man stabs fellow mentally unstable person to death in Delta

By: Zagazola Makama

A tragic incident occurred on April 22 in Aladja, Delta State, when Jerry David, a mentally unstable man, allegedly stabbed his fellow companion to death with a broken bottle.

Zagazola Makama understands that a violent altercation between two mentally unstable individuals in his house.

When security personnel arrived the scene discovered that Jerry David had stabbed his fellow resident multiple times on the left hand, rib, back of the head, and left shoulder, causing fatal injuries.

The victim, whose identity is still unknown, was confirmed dead from the injuries. The police evacuated the body and deposited it at Noble Mortuary in Owvian, pending autopsy.

Police sources say an investigation is underway, and efforts are being made to subject Jerry David to a mental evaluation to determine the appropriate course of action.

Man stabs fellow mentally unstable person to death in Delta

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Summit University Offa Matriculates 194 Students in Grand Ceremony

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Summit University Offa Matriculates 194 Students in Grand Ceremony

By: Michael Mike

Matriculation Ceremony in a colourful event held at the Alhaja Adiat Abegbe Makanjuola Lecture Theatre, officially welcoming 194 fresh students—comprising 103 males and 91 females—into its expanding academic community.

In his inspiring address, the Vice-Chancellor, Professor Abiodun Musa Aibinu, congratulated the matriculating students and their families, describing the day as a defining moment that would remain etched in their memories. He commended the students for choosing an institution known for academic excellence, moral integrity, and innovation-driven education.

“This is not just a formal rite of passage,” Professor Aibinu said, “but the beginning of a journey that will shape your future and prepare you for a meaningful life of contribution to society.”

Highlighting the growth trajectory of the university since its academic debut in 2017, the Vice-Chancellor announced the successful expansion from two pioneer colleges to include the Kola Balogun College of Artificial Intelligence and Digital Engineering, the College of Innovation and Computing Technology, and the College of Postgraduate Studies. Students from these new colleges are matriculating for the first time this year, a testament to the institution’s evolution into a hub of emerging technologies and global academic relevance.

Further reinforcing the university’s mission to produce graduates who are both intellectually sound and socially responsible, Professor Aibinu shared that alongside their academic pursuits, students would be immersed in a unique developmental curriculum that integrates essential real-world competencies. These include practical exposure to financial responsibility, ethical leadership, sustainable energy practices, advanced digital technologies, entrepreneurship within academia, cultural heritage appreciation, and global citizenship infused with faith-based values.

Professor Aibinu cautioned the new students against deviating from the university’s code of conduct, reiterating Summit University’s firm stance against any form of social vice. He emphasised that the matriculation oath was a binding commitment to honour, discipline, and excellence, warning that breaches would attract serious consequences.

“As you take your oath today, remember that it comes with responsibilities. At Summit University, we maintain high moral and academic standards, and we expect nothing less from you,” he added.

He also used the occasion to express appreciation to the university’s leadership, proprietors, staff, and host community. Special thanks were extended to the Olofa of Offa, His Royal Majesty Oba Mufutau Gbadamosi, Esuwoye II, and prominent citizens of Offa for their unwavering support in building an institution that continues to position Offa as an emerging smart city and academic destination.

Professor Aibinu concluded by assuring the new students of the institution’s commitment to their growth and success, urging them to seize the unique opportunity before them and strive to embody the University’s motto—to shine like the sun.

Summit University Offa Matriculates 194 Students in Grand Ceremony

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