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

Ex-NGF Coordinator Onaiwu urges support for NSA security direction

Published

on

Ex-NGF Coordinator Onaiwu urges support for NSA security direction

By: Michael Mike

A former coordinator of the Nigeria Governors Forum, NGF, Earl Osaro Onaiwu, has called on the political class across party lines to support ongoing security efforts of the federal government.

Onaiwu in a statement in Abuja on Wednesday noted that insecurity is colour blind, has no party affiliation and was religious neutral, therefore, the need for politicians to eschew partisan slant on security matters.

He cautioned that failure by the political elite to support the fight against insecurity leading to several ungoverned spaces could disrupt elections, stressing that except there is a country, then elections are guaranteed.

The former NGF coordinator particularly commended the National Security Adviser, Mallam Nuhu Ribadu, for his coordination and strategic efforts in streamlining security policies and engagements in tackling insecurity.

According to him, the recent delivery of military hardware by the United States Government to Nigeria is a demonstration that the NSA was working and his recent foray to the U.S. is yielding the desired results.

“The season requires patriots and this means that irrespective of party affiliations, every politician worth his name needs to support ongoing security efforts as coordinated by the Office of the National Security Adviser, Mallam Nuhu Ribadu.

“Insecurity is colour blind, has no party affiliation, it is religious blind and those not respect societal status. Therefore, Nigerians, especially our political class, should lend their support, proffer solutions and galvanise the people to back the government’s security initiatives.

“Only on Tuesday, the federal government received critical military hardware from the United States Government. This is cheering and it shows that the NSA’s recent visit to the United States and the subsequent hosting of delegations in the country is bearing the desired results.

“Also, renewed military and police onslaughts against terrorists and bandits show that the federal government is taking the fight to those who are intent on denying us our peace and well-being.

“The least we can do as citizens is to support the government, provide real time intelligence from our communities and do not engage in fake news on social media against government’s efforts,” Onaiwu stated.

He further called on governors to match the energy of the federal government by supporting the NSA to address the various security challenges in their states as well as continued logistics and equipment to the military and police.

Ex-NGF Coordinator Onaiwu urges support for NSA security direction

Continue Reading

News

Court Threatens Contempt Action Against IGP Over Alleged Disobedience in Anozie Abduction Case

Published

on

Court Threatens Contempt Action Against IGP Over Alleged Disobedience in Anozie Abduction Case

By: Michael Mike

The Inspector General of Police (IGP), Kayode Egbetokun, is facing possible committal to prison following contempt proceedings initiated over an alleged failure to comply with a Federal High Court order relating to the abduction and disappearance of Mr. John Chukwuemeka Anozie.

The action was instituted by legal counsel to Mr. Anozie’s wife, Mr. Vincent Adodo, who accused the Nigeria Police Force under the leadership of the IGP of willfully disobeying a judgment delivered by the Federal High Court, Abuja, on September 24, 2025.

In the suit, marked FHC/ABJ/CS/865/2025 between Mrs. Nnenna Anozie v. Inspector General of Police, Justice Binta Nyako ordered the IGP to produce for prosecution operatives of the defunct Special Anti-Robbery Squad (SARS) alleged to have abducted Mr. Anozie from his Lekki residence in Lagos on June 15, 2017.

The court also directed the police authorities to forward the investigation report and legal advice on the matter to the Office of the Attorney General of the Federation for appropriate action.

The court further awarded ₦2 million in damages against the IGP for failing to respond to a Freedom of Information request submitted by Mrs. Anozie seeking details of investigations into her husband’s disappearance.

The SARS operatives listed in the judgment include officers attached to the former SARS unit in Akwuzu, Anambra State, who were accused of involvement in the alleged abduction.

According to court documents, despite being served with the judgment in October 2025, the IGP has neither complied with the orders of the court nor paid the damages awarded. This development prompted Mrs. Anozie’s legal team to initiate contempt proceedings by serving the IGP with Form 48 (Notice of Consequences of Disobedience to Court Order) and Form 49 (Notice of Committal to Correctional Centre).

The applicant is now seeking an order of court committing the IGP to Kuje Correctional Centre until he complies fully with the judgment.

The motion for contempt has been scheduled for hearing on February 9, 2025, before the Federal High Court, Abuja.

As of the time of filing this report, the Nigeria Police Force has not issued an official response to the contempt proceedings.

Court Threatens Contempt Action Against IGP Over Alleged Disobedience in Anozie Abduction Case

Continue Reading

News

VP Shettima Lauds Massachusetts Tech Institute’s Impact On Global Innovation Ecosystem

Published

on

VP Shettima Lauds Massachusetts Tech Institute’s Impact On Global Innovation Ecosystem

Urges African entrepreneurs to close ranks to fully harness continent’s huge potentials

By: Our Reporter

The Vice President, Senator Kashim Shettima, has lauded the transformative impact of the Massachusetts Institute of Technology (MIT) on the global entrepreneurship and innovation ecosystem that has raised over $1.5 billion dollars and created over 30,000 direct jobs in 20 years.

He, however, urged African entrepreneurs to close ranks in order to fully harness the continent’s huge potentials, leveraging MIT’s resource mobilization network and job creation opportunities.

The Vice President made the remarks on Wednesday when he received a delegation from Kuo Sharper Foundry Fellowship 2025-2026 led by MIT’s Executive Director for the Kuo Sharper Centre for Prosperity and Entrepreneurship, Dina Sherif, on a courtesy visit at the presidential villa.

Senator Shettima called for unity of purpose among African professionals and entrepreneurs, saying “Africa is the new frontier and future belongs to the continent but its people must unite to transform potentials into tangible results that impact lives and livelihoods.

“Africa is blessed with enormous human and material resources but its people must fuse into one to benefit from the tremendous opportunities that abound across the continent,” he added.

He disclosed that Nigeria President Bola Tinubu is daring to leverage available opportunities to transform the entire economy, noting that “President Tinubu is not afraid of taking bold decisions that will reposition Nigeria’s economy and better the lives of the livelihoods of the people.”

Earlier in her remarks, the leader of the delegation, Sherif, said the delegation was at the Presidential Villa to brief the Vice President on the activities of MIT’s Kuo Sharper Centre for Prosperity and Entrepreneurship, assuring that the Centre is dedicated to “fueling the engine of entrepreneurship across the world”.

She noted that the team was in Nigeria in view of the Kuo Sharper Foundry Fellowship programme, which, according to her, has helped to entrench the spirit of entrepreneurship across the continent.

Sherif underscored the significance of collaboration among African startups, noting that Nigeria is a leading country, as evidenced in the progress recorded by startups across the continent.

She further assured of improved support for African-based startups from the centre through its various initiatives.

Also present at the meeting with the Vice President were the Director General of the National Emergency Management Agency (NEMA), Mrs. Zubaida Umar, and some fellows of the Kuo Sharper Foundry Fellowship 2025 – 2026 Session across Africa.

VP Shettima Lauds Massachusetts Tech Institute’s Impact On Global Innovation Ecosystem

Continue Reading

Trending

Verified by MonsterInsights