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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
Police launch search for oba of bayagan ile reported missing in kwara
By: Zagazola Makama
The police in Kwara State have launched a search for the Oba of Bayagan Ile Village, HRH Kamildeen Abdul Salam, who was reported missing on Saturday.
According to the sources, the traditional ruler left his home for his farm at about 7:00 a.m. on Nov. 29 but failed to return by 2:00 p.m. for lunch. His wife and family members traced him to the farm but could not locate him.
Investigators discovered the Oba’s motorcycle abandoned in the bush along the roadside, prompting a report to the police.
The Divisional Police Officer, Zulu, has mobilised a team of officers and local vigilantes to search for the traditional ruler.
Police confirmed that investigations are ongoing, and efforts to locate HRH Kamildeen Abdul Salam are continuing.
Police launch search for oba of bayagan ile reported missing in kwara
Two CPG members killed, one injured in Zamfara bandit attack
By: Zagazola Makama
Two members of the Civilian Protection Group (CPG) were shot dead, while another was injured in an ambush by armed bandits in Dansadau, Zamfara State.
Zagazola Makama report that the attack occurred on Saturday at about 5:00 p.m. while the CPG members were travelling from Dantudu to Dansadau.
The injured member, identified as Kamal Yaron Malam, sustained gunshot wounds and was taken to Dansadau General Hospital for treatment.
The bodies of the deceased were also taken to the hospital for autopsy before being released to their families for burial according to Islamic rites.
Local residents expressed concern over the growing spate of bandit attacks in the area.
Two CPG members killed, one injured in Zamfara bandit attack
Cuban Embassy Honours Fidel Castro Nine Years After His Passing
By: Michael Mike
The Cuban Embassy in Nigeria has held a commemorative gathering to mark nine years since the death of Fidel Castro, with Ambassador Miriam Morales Palmero leading the tribute to the late Cuban leader whose influence, she said, continues to shape global struggles for justice.
Addressing diplomats, government officials, and members of Nigeria’s Cuba-friendship community, Ambassador Morales Palmero said the annual remembrance carries deep meaning for the Cuban people and remains a moment to reflect on the principles Castro championed throughout his lifetime.
She thanked attendees for what she described as a visible expression of the strong ties between Cuba and Nigeria, noting that solidarity between both nations “remains a living and unbreakable link.”
The ambassador described Castro as a figure whose impact went far beyond politics. She portrayed him as a global moral voice, committed to defending the disadvantaged and speaking out against oppression in all forms.
She said: “His (Castro) life was defined by dedication to just causes,” adding that his legacy reaches beyond Cuba’s borders to all who pursue a more equitable world.
Morales Palmero also highlighted Castro’s longstanding connection to Africa, recalling his admiration for countries on the continent and the mutual respect he cultivated with African leaders and liberation movements. According to her, Castro viewed Africa not only as a partner but as a source of resilience and inspiration.
Although Castro died in 2016, the envoy emphasized that his influence persists. She told the audience that Castro’s ideals, consistency, and loyalty to principle continue to serve as a guide for people who remain committed to justice and dignity. “Fidel did not disappear,” she said. “His example endures.”
The programme featured the screening of the documentary “Fidel is Fidel,” which presents key moments from Castro’s life and leadership. Organizers said the film was chosen to give audiences a renewed sense of the personal qualities—discipline, conviction, and humanity—that shaped his decades of public service.
The evening ended with expressions of continued friendship between Cuba and Nigeria, reaffirming shared commitments to solidarity and cooperation—values central to Castro’s worldview.
Cuban Embassy Honours Fidel Castro Nine Years After His Passing
Naval personnel clash with staff at kubwa general hospital after colleague’s death
Police launch search for oba of bayagan ile reported missing in kwara
Two CPG members killed, one injured in Zamfara bandit attack
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