News
Dabiri-Erewa: Diaspora Investment to outweighs FDI soon
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
News
NSCDC Rescues 15 Trafficked Children, Recovers Stolen Rifles, Busts Telecom Vandalism Syndicate
NSCDC Rescues 15 Trafficked Children, Recovers Stolen Rifles, Busts Telecom Vandalism Syndicate
By: Michael Mike
The Nigeria Security and Civil Defence Corps (NSCDC) has rescued 15 trafficked children, recovered three stolen service rifles and dismantled an inter-state syndicate involved in the vandalism and theft of telecommunications infrastructure across Delta and Kano States.
The breakthroughs were recorded by the Commandant General’s Special Intelligence Squad (CG’s SIS) in a series of intelligence-led operations targeting child trafficking, illegal arms diversion, internal corruption and critical infrastructure vandalism.
The National Public Relations Officer of the Corps, Assistant Commandant of Corps Babawale Afolabi, disclosed this in a statement issued on Friday.
He said the operations were conducted in line with the zero-tolerance policy of the Commandant General, Prof. Ahmed Audi, towards crime, corruption and the destruction of national assets.
On child trafficking, Afolabi said the squad commenced investigation following a petition over missing children in Kokona Local Government Area of Nasarawa State.
Investigations, he said, uncovered a syndicate allegedly led by one Anderson Archibong, who posed as an official of an organisation operating a purported “Back to School Project” under the National Council of Child Rights Advocate.
According to him, Archibong allegedly exploited low-income parents before trafficking their children to buyers across the country.
He said 16 children were fraudulently taken in January 2026 and allegedly sold for ₦2 million each.
“Through intelligence-led operations across transit routes, 15 of the 16 children were successfully rescued in Anambra, Imo, Enugu and other eastern transit corridors,” he said.
Afolabi added that three alleged buyers—Joy Julius, Ngozi and Eze Lazarus—were arrested and had confessed to their involvement, while efforts were ongoing to locate the remaining child.
In a separate investigation into illegal arms diversion, CG’s SIS operatives traced a missing AK-47 rifle to a serving NSCDC officer attached to the CG’s Crack Squad.
The officer, CAII Igah Ameh James, was allegedly found to have stolen an assigned AK-47 rifle, with breach number 02028, abandoned his duty post and transported the weapon to Otukpo, Benue State.
Investigators established that James allegedly sold the rifle to a middleman, Abakpa Simon Anthony, for ₦700,000, while Anthony subsequently sold it to an alleged illicit arms buyer, Sunday Akor, also known as IBB, for ₦800,000.
The rifle and two empty magazines were recovered following the arrest of the suspects.
The Corps also uncovered another arms diversion case at its Adamawa State Command following an armoury inventory audit.
Afolabi said the investigation led to the arrest of ASCI Peter Ardo, a former Head of Armoury, and CCA Boniface Lawyer.
He said investigations revealed that between 2018 and 2024, Ardo allegedly removed two unserviceable G3 service rifles, with breach numbers 10S838 and 69112944, from the armoury and sold them to Lawyer for ₦210,000 and ₦220,000 respectively.
The weapons were subsequently resold to a civilian, while Ardo allegedly altered physical inventory registers to conceal the removals and evade detection during routine checks.
Both officers, he said, were in custody after allegedly making full confessions.
Meanwhile, the CG’s SIS has also dismantled a network allegedly responsible for vandalising telecommunications infrastructure in Delta and Kano States.
Afolabi said operatives arrested Henry Dennis while allegedly vandalising an IHS telecommunications tower site in Uvwie Local Government Area of Delta State, where 12 vandalised telecom panels were recovered.
Further investigation reportedly exposed a wider network allegedly involving a scrap-market owner and financier, Yusuf Musa, who is accused of financing the theft operations and facilitating the resale of stolen telecommunications components.
The Corps said financial tracing uncovered suspicious transactions conducted through digital payment platforms, while efforts were underway to obtain search and arrest warrants for other members of the syndicate who remained at large.
The Commandant General commended the CG’s SIS for what he described as its tactical coordination and operational efficiency.
The NSCDC said internal administrative and disciplinary proceedings against implicated personnel had been concluded, while its Directorate of Legal Services had been directed to commence prosecution of the arrested suspects before courts of competent jurisdiction.
The Corps reaffirmed its commitment to protecting vulnerable citizens, safeguarding critical national infrastructure and maintaining integrity and accountability within its ranks.
NSCDC Rescues 15 Trafficked Children, Recovers Stolen Rifles, Busts Telecom Vandalism Syndicate
News
Troops rescue two abducted victims, recover terrorists’ motorcycles in Katsina
Troops rescue two abducted victims, recover terrorists’ motorcycles in Katsina
By Zagazola Makama
Troops of Sector 2, Operation FANSAN YAMMA, have rescued two abducted victims and recovered two motorcycles belonging to terrorists during a counter-terrorism operation in Sabuwa Local Government Area of Katsina State.
The troops, deployed for counter-terrorism and anti-banditry operations in the state, encountered an armed terrorist group while conducting routine security operations in the area.
The troops engaged the terrorists with superior firepower, forcing them to flee in disarray into the surrounding terrain.
During a subsequent search and clearance operation along the terrorists’ escape route, the troops rescued two male victims who had earlier been abducted along the Dandume–Damari axis.
The troops also recovered two motorcycles reportedly used by the terrorists to conduct their criminal activities.
The rescued victims are currently receiving necessary care and assessment before being reunited with their families.
Troops have maintained a heightened state of vigilance in the general area to safeguard local communities and prevent further attacks and criminal activities along critical transit corridors.
The operation forms part of the ongoing efforts by Operation FANSAN YAMMA to disrupt terrorist and bandit networks and restore lasting peace across the North-West.
Troops rescue two abducted victims, recover terrorists’ motorcycles in Katsina
News
Troops rescue 23 abducted civilians, foil kidnapping attempt in Zamfara
Troops rescue 23 abducted civilians, foil kidnapping attempt in Zamfara
By Zagazola Makama
Troops of Operation FANSAN YAMMA have rescued 23 abducted civilians and foiled a separate kidnapping attempt during operations in Zamfara State.
The operations were conducted as part of ongoing counter-terrorism and anti-banditry efforts to disrupt criminal groups operating across the state.
In Anka Local Government Area, troops on combat patrol around the outskirts of Wuya Town encountered a group of terrorists and successfully secured the release of 23 kidnapped civilians.
The victims comprised three adult males and 20 females. Preliminary debriefing revealed that they were abducted from Gummi Local Government Area and had been held in captivity for about three weeks.
The rescued victims are currently receiving medical attention and other necessary support before being reunited with their families.
In a separate operation in Bungudu Local Government Area, troops responded to intelligence indicating that armed bandits had infiltrated Dankurmi Town with the intention of abducting residents.
The troops swiftly mobilised to the area and engaged the attackers in a heavy firefight.
The superior firepower of the troops forced the bandits to retreat without succeeding in abducting any civilian.
According to security sources, traces of blood were subsequently discovered along the terrorists’ withdrawal route, indicating that some of the attackers may have sustained gunshot wounds during the encounter.
Troops have maintained a strong presence in the area and are continuing operations to track the fleeing terrorists.
The latest successes further demonstrate the sustained efforts of Operation FANSAN YAMMA to rescue abducted citizens, disrupt bandit networks and restore security across Zamfara State.
Troops rescue 23 abducted civilians, foil kidnapping attempt in Zamfara
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions5 years agoTHE PLIGHT OF FARIDA
-
News1 year agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions5 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
ACADEMICS3 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns3 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Politics1 year ago2027: Why Hon. Midala Balami Must Go, as Youths in Hawul and Asikira/Uba Federal Constituency Reject ₦500,000 as Sallah Gift
