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
Maiduguri Flood: UN Pledges Support To Borno Flood Victims
By: Michael Mike
The United Nations (UN) has pro used to support the Borno State government in rescuing and assisting people trapped by the severe flood that devastated the state capital Maiduguri and its environs.
Mohammed Malik Fall, the UN Resident and Humanitarian Coordinator, made the announcement in Maiduguri on Saturday, while paying an assessment visit to the areas affected by flood.
Fall emphasised that the visit was aimed at gathering first-hand information on the flood victims and determining their immediate and long-term needs.
He disclosed that the floods have claimed the lives of 37 people, with 58 others hospitalised due to injuries and health complications.
Fall said: “Today’s visit to Borno was to meet with the affected flood victims, local authorities, humanitarian partners, government officials, and representatives from UN agencies and donors.”
The floods have so far displaced over 414,000 residents across Maiduguri and parts of Jere Local Council, while also damaging critical infrastructure, including bridges, hospitals, schools, and markets.
These disruptions have hindered healthcare services and business activities, further complicating the lives of those affected.
The UN’s top priority, according to Fall, is the immediate evacuation and rescue of people in high-risk areas, followed by providing essential supplies and support.
He also expressed concerns about the potential for disease outbreaks due to the flooding.
Borno State Governor, Prof. Babagana Zulum, who was also present during the visit, called for a comprehensive flood disaster assessment in collaboration with the UN and development partners.
He said: “We need reliable data on the extent of damage to both lives and property,” stressing that the federal and state governments cannot manage the crisis alone.
The governor further mentioned plans for cash transfers to support the flood victims, underscoring the importance of international cooperation in addressing the ongoing disaster.
As the situation evolves, both the UN and the Borno State government are working closely to provide relief and prevent further loss of life.
Maiduguri Flood: UN Pledges Support To Borno Flood Victims
Yobe Govt. Supports Borno Flood Victims
By: Mamman Mohammed
Yobe state government has donated N100m assistance to Borno state government in support to victims of the Maiduguri floods.
Yobe state Governor His Excellency Hon. Mai Mala Buni CON, presented the donation on Saturday during a sympathy visit to Governor Babagana Umara Zulum in Maiduguri.
Gov. Buni also announced a personal donation of foodstuff worth N50 million to the victims.
He described the Humanitarian crisis as catastrophic that calls for support and assistance from everyone.
“Yobe and Borno states are like twins that have suffered similar fate, and needs the support of one another” he said.
Buni prayed for the repose of the souls of those who lost their lives in the flood and speedy recovery for the injured persons.
Gov. Zulum commended the government and people of Yobe state for the kind-hearted support to their brothers in Borno state.
“The people of Yobe and Borno states remain one united family, what affects one, affects the other.
“l am proud to say that His Excellency, my elder brother, Governor Mai Mala Buni, has since assumption of office as Governor of Yobe state strengthened the ties and brotherhood between Borno and Yobe states more than ever.
“Your administration has on several occasions identified with the government and people of Borno state.
“The government and people of Borno state deeply appreciate Your Excellency for this very kind gesture” Gov. Zulum said.
Yobe Govt. Supports Borno Flood Victims
Nigerian troops raids Boko Haram hideout, eliminate 3 Boko Terrorists in Borno
By: Zagazola Makama
The Nigerian troops of Sector 1 Operation Hadin Kai have eliminated three terrorists in a daring operation, Mafa Local Government Area, Borno State in the early morning of Sept 14, 2024
Intelligence sources told Zagazola Makama that the troops under the Joint Task Force (North East) Operation Desert Sanity III, conducted a raid on terrorist hideouts in Ngwom community at approximately 5:30 am.
The troops in conjunction with the Civilian Joint Task Force (CJTF), made contact with the terrorists at 7:58 am. During the intense firefight, three terrorists were neutralized.
Fortunately, there were no reported casualties among the Nigerian troops.
Nigerian troops raids Boko Haram hideout, eliminate 3 Boko Terrorists in Borno
Maiduguri Flood: UN Pledges Support To Borno Flood Victims
Yobe Govt. Supports Borno Flood Victims
Nigerian troops raids Boko Haram hideout, eliminate 3 Boko Terrorists in Borno
Roger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
THE PLIGHT OF FARIDA
EYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
News6 months agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions3 years ago
THE PLIGHT OF FARIDA
-
News6 months agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
ACADEMICS7 months agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns7 months agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions7 months agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
-
National News7 months agoFraud and Mismanagement Rock INGO’s IDP Cash Assistance Effort in Bama
-
Opinions3 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
