Connect with us

News

Dabiri-Erewa: Diaspora Investment to outweighs FDI soon

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Army troops of Operation Fansan Yamma repel bandits’ attack, recover arms in Sokoto

Published

on

Army troops of Operation Fansan Yamma repel bandits’ attack, recover arms in Sokoto

By: Zagazola Makama

Troops of the Nigerian Army under Operation FANSAN YAMMA, in collaboration with other security agencies, have repelled a bandits’ attack on Kola Village in Salame Local Government Area of Sokoto State.

Sources told Zagazola Makama that the incident occurred on Jan. 1, 2026, at about 6:15 a.m., following a distress call that a large number of armed bandits, wielding sophisticated weapons, had invaded the community.

According to the source, the Army Forward Operating Base (FOB) troops of Operation FANSAN YAMMA and operatives of the Anti-Kidnapping Unit were swiftly deployed to the area

“The joint security team engaged the hoodlums in a gun duel that lasted for some time. The bandits were overpowered and fled into the nearby forest with their casualties,” the source said.

The added that during a combing of the surrounding bushes, the security operatives recovered one AK-47 rifle with 24 rounds of live ammunition, believed to belong to a neutralised bandit.

The team also recovered 48 rustled sheep that had been taken from villagers during the attack.

“No casualty was recorded on the side of the troops and the villagers,” the source said.

The sources said confidence-building patrols were ongoing in the area, while all FOB’s had been placed on alert to watch out for any injured bandits seeking refuge.

The troopd reassured residents of Salame and adjoining communities of sustained security presence and urged them to continue to cooperate with security agencies by providing timely and credible information.

Army troops of Operation Fansan Yamma repel bandits’ attack, recover arms in Sokoto

Continue Reading

News

Air force strikes bandit camps in katsina, neutralized 27 in dawn operation

Published

on

Air force strikes bandit camps in katsina, neutralized 27 in dawn operation

By: Zagazola Makama

The Nigerian Air Force (NAF) component of Operation FANSAN YANMA has recorded a major operational success in Katsina State following a precision air operation that neutralised a large number of armed bandits in Faskari Local Government Area.

Zagazola learnt that the operation, conducted in the early hours of Feb. 1, targeted known bandit enclaves in the Shawu–Mununu forest axis, Ruwan Godiya area of Faskari LGA.

According to sources involved in the mission, the strikes followed sustained aerial reconnaissance that confirmed the presence of heavily armed elements believed to be responsible for recent attacks along the Bakori–Guga corridor.

“At about 6:30 a.m., NAF air assets executed a coordinated reconnaissance and strike mission on identified bandit camps in the Shawu Mununu forest,” the sources said.

“The targets were strongly linked to recent violent incidents in the area. The operation achieved its objective, with approximately 27 armed bandits neutralised.”

The sources said follow-up assessments indicated that the surviving members of the group fled the area in disarray, abandoning their hideouts and logistics.

The sources added that the precision of the air strikes significantly degraded the group’s operational capability and disrupted their freedom of movement within the forested belt stretching across parts of southern Katsina.

“There will be no safe haven for criminals anywhere in this region,” he said.

The sources said that NAF has since intensified aerial patrols and surveillance along the Faskari–Bakori–Guga axis to prevent regrouping and to support ground forces in maintaining pressure on fleeing elements.

The sources further noted that the operation forms part of a broader, sustained air-ground campaign to dismantle bandit across the North-West.

“We remain committed to supporting national security objectives. Our air crews will continue to dominate the airspace, deny these groups sanctuary and protect law-abiding communities,” said the sources.

He also urged residents to continue cooperating with security agencies by providing timely and credible information that could help identify criminal movements and hideouts.

“The safety of our people is our priority. With the support of the public, we will continue to degrade and defeat all armed groups threatening peace and stability,” the sources said.

Air force strikes bandit camps in katsina, neutralized 27 in dawn operation

Continue Reading

News

NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims

Published

on

NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims

By: Michael Mike

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has uncovered an alleged human trafficking operation following a coordinated raid on a popular hotel in the 33 Area of Onitsha, Anambra State, resulting in the arrest of six suspects and the rescue of 17 victims.

The operation, which was carried out with the support of military personnel, led to the arrest of four suspected traffickers at the hotel, while two other suspects believed to be involved in the buying and selling of babies within the South-East region were apprehended during related operations.

NAPTIP disclosed that four of the rescued victims were diagnosed with HIV and are currently receiving counselling and medical support from the agency, alongside volunteers from the Anambra State AIDS Control Agency (ANSACA).

According to the agency, the raid was triggered by credible intelligence from a non-state actor in Anambra State, which indicated the presence of underage girls allegedly being exploited within the facility.

The intelligence also revealed concerns about the health conditions of the victims, prompting voluntary medical screening after proper counselling.

Investigations revealed that residents in the area had previously raised alarm over suspicious activities at the hotel, which has about 45 rooms. The hotel was reportedly known for frequent visits by men suspected to be engaging in illicit activities with underage girls.

During the operation, some victims were found in compromising situations with clients, while others were reportedly dressed provocatively and waiting for customers.

The victims were said to have told investigators that they were recruited from Benue, Imo, Ebonyi and Akwa Ibom states and trafficked to Onitsha under false pretences before being forced into prostitution.

The victims further disclosed that they were compelled to remit between ₦20,000 and ₦25,000 daily to their handler, popularly referred to as their “Madam,” after engaging multiple clients each day.

One of the rescued victims recounted being lured to Onitsha by a promise of employment, only to discover upon arrival that she had been forced into sex work.

Another victim alleged that after undergoing HIV testing, their handler seized the medications provided and physically assaulted them for attempting to seek medical treatment.

Reacting to the development, the Director-General of NAPTIP, Hajiya Binta Bello, expressed deep concern over the victims’ suffering and deteriorating health conditions.

She commended the military and the Gender and Human Rights State Response Team domiciled at ANSACA for their swift intervention and collaboration.

Bello described the denial of medical care to the victims as a criminal act, revealing that NAPTIP has launched a manhunt for the fleeing handler. She also confirmed that the owner of the hotel has been invited for questioning as investigations continue.

The NAPTIP boss reaffirmed the agency’s commitment to intensifying its crackdown on human trafficking, warning traffickers that 2026 would be a difficult year for anyone involved in the crime.

NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims

Continue Reading

Trending

Verified by MonsterInsights