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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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NSCDC Nabs Three Suspected Infrastructure Vandals in Abuja

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NSCDC Nabs Three Suspected Infrastructure Vandals in Abuja

By: Michael Mike

Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) in the Federal Capital Territory have arrested three young men suspected of vandalising public infrastructure in Abuja.

The suspects were intercepted near the National Stadium area close to the National Hospital along Constitution Avenue during intensified patrols carried out as part of yuletide security operations.

According to the NSCDC, the men were allegedly caught in possession of damaged road safety installations, which they were believed to be preparing to transport from the area. Recovered items included several road crash barriers and a heavy-duty hammer.

The suspects were identified as Abdulsalam Aminu, 25, Mustapha Sale, 26, and Suleiman Sani, 19, and they are currently in custody while investigations is said to continue.

Speaking on the development, the FCT Commandant of the NSCDC, Dr. Olusola Odumosu, said the arrests were part of deliberate efforts by the command to protect critical public assets, particularly during festive periods when vandalism and theft often spike.

He lamented that public infrastructure provided to enhance safety and improve living conditions is frequently targeted by criminals for personal gain, describing such acts as a major threat to public welfare.

Odumosu stressed that the corps would remain relentless in safeguarding government facilities including roads, bridges, crash barriers, power installations and other vital infrastructure across the territory.

The commandant warned individuals involved in vandalism to desist or risk prosecution, noting that the agency would enforce the law without compromise. He also urged residents to support security agencies by reporting suspicious activities to help curb the destruction of public assets in the FCT.

NSCDC Nabs Three Suspected Infrastructure Vandals in Abuja

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Education Gets Highest Share as Zulum Presents N890.33bn 2026 Budget to Borno Assembly

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Education Gets Highest Share as Zulum Presents N890.33bn 2026 Budget to Borno Assembly

By: Michael Mike

Borno State Governor, Prof. Babagana Zulum has presented an N890.33 billion budget proposal for the 2026 fiscal year to the State House of Assembly, with the education sector receiving the largest allocation.

The budget, titled “Budget of Sustained Recovery and Growth,” places strong emphasis on capital development, with over 61 per cent of the total expenditure devoted to capital projects, while recurrent spending accounts for about 39 per cent.p

Addressing members of the House of Assembly, Zulum disclosed that the proposal comprises N353.77 billion for recurrent expenditure and N536.56 billion for capital expenditure, stressing that the spending plan is designed to deepen recovery efforts and accelerate development in the state.

According to the governor, the budget reflects the administration’s commitment to rebuilding infrastructure, revitalising the economy and improving the quality of life for residents following years of insurgency.

The sectoral breakdown of allocations showed that education tops the list with N135.43 billion. The funds are expected to support the construction and rehabilitation of schools, teacher recruitment, and scholarship programmes across the state.

The works and housing sector received N94.27 billion to fund road construction, bridge projects and housing development, while the health sector was allocated N66.41 billion for the completion of hospitals, procurement of medical equipment and supply of essential drugs.

Other key allocations include N58.71 billion for the Ministry of Reconstruction, Rehabilitation and Resettlement to facilitate the return and resettlement of displaced persons, N44.95 billion for agriculture to boost food production, and N21.35 billion for water resources projects. Funds were also set aside for information and internal security to strengthen peace and stability.

On the revenue side, the state expects N317.69 billion from the Federation Account, N44.30 billion from internally generated revenue, and N417.23 billion from capital receipts, including grants and development funds.

In his response, Speaker of the House of Assembly, Abdulkarim Lawan, assured the governor that the legislature would give the budget proposal prompt and thorough consideration to ensure it aligns with the state’s development priorities before passage.

Education Gets Highest Share as Zulum Presents N890.33bn 2026 Budget to Borno Assembly

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VP Kashim Shettima Expected at Second Kanem Borno cultural summit in Maiduguri

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VP Kashim Shettima Expected at Second Kanem Borno cultural summit in Maiduguri

By: Bodunrin Kayode

VP, Kashim Shettima is expected to flag off the second Bi-annual Kanem–Borno Cultural Summit 2026 taking place in Maiduguri from 1st–2nd January, 2026.

Announcing this recently, chairman of the Borno Emirate concerned citizens forum Zanna Boguma said that about 1000 other visitors from all over the world will join the VP in gracing the occasion.

He said the 1000 delegates are also expected from across the country and the world especially from several countries where kanuri people reside are coming for the summit.

“Ministers, top political figures and National Assembly members of Borno in other states will be coming including our kiths and kins in lafia and Kanam on the plateau.

” Lots of traditional stuffs will be showcased to announce that kanem Borno never fell in the hands of its enemies as is being portrayed in some quarters.

“There will be displays of cultural artifacts to entertain the visitors. Prayers will be held on Friday of that week for the success of the occasion. However, consistent prayers must continue to ensure that there is stability during the period.

In a recent world new conference, the chairman of the committee Zanna Hassan Buguma maintained that the theme for this year’s summit is ” Echoes of Resilience: Harnessing Culture for Peace and Regional Stability”

“We are pleased to formally announce the 2nd edition of the Bi-annual Kanem–Bornu Cultural Summit 2026, scheduled to hold on 1st and 2nd January, in Maiduguri, Borno State, under the theme “Echoes of Resilience: Harnessing Culture for Peace and Regional Stability.

“This Summit will serve as a global homecoming, bringing together sons and daughters of Kanem–Bornu from across Nigeria and around the world, including members of the diaspora, scholars, professionals, traditional leaders, cultural custodians, youth and women. It is a deliberate effort to reconnect our people to their shared heritage and mobilize collective wisdom, resources, and networks for the peace and stability of our region.

“Building on the success of the maiden edition, the 2nd Bi-annual Kanem–Bornu Cultural Summit seeks to deepen conversations around identity, resilience, and responsibility. At a time when the Lake Chad Basin continues to face security, humanitarian, and socio-economic challenges, this Summit positions culture as a unifying force and a strategic tool for peacebuilding, reconciliation, and regional cooperation and integration.

“The Kanem–Bornu civilization remains one of Africa’s most enduring legacies, renowned for governance, scholarship, trade, diplomacy, and coexistence across ethnic and cultural lines. For centuries, it nurtured systems that emphasized justice, tolerance, consultation, and social harmony. The Summit draws inspiration from this legacy to address contemporary challenges, reminding us that solutions to today’s crises can be found in the wisdom of our past.

” The Summit will explore how traditional institutions, indigenous conflict resolution mechanisms, cultural education, arts, language, and heritage preservation can be harnessed to counter violence, promote healing, and strengthen regional stability.

“Over the two days, the Summit will feature keynote addresses, high-level panel discussions, diaspora dialogues, youth and women forums, cultural and religious exhibitions, traditional performances, and policy-oriented sessions. Special attention will be given to diaspora engagement, knowledge exchange, investment in cultural industries, and pathways for youth participation in peace and development initiatives.

“Maiduguri, our host city, is both symbolic and strategic. It stands as a historic centre of Kanem–Bornu civilization and a contemporary symbol of courage and resilience. Hosting this Summit in Maiduguri underscores a powerful message: that the people of Kanem–Bornu, wherever they reside, remain united in purpose and committed to rebuilding, healing, and progress.” Said Dr Hassan.

VP Kashim Shettima Expected at Second Kanem Borno cultural summit in Maiduguri

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