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Dabiri-Erewa: Nigeria gained over N673 million worth of investments via Nigeria Diaspora Investment Summit in 2024
Dabiri-Erewa: Nigeria gained over N673 million worth of investments via Nigeria Diaspora Investment Summit in 2024
By: Michael Mike
Nigeria gained over N673 million worth in Diaspora Investment Deals in 2024 through the efforts of the the Nigeria Diaspora Investment Summit, the Chairman/CEO Nigerians in Diaspora Commission (NIDCOM) Hon. Abike Dabiri-Erewa
Dabiri-Erewa, who briefed the media ahead of the NDIS 2025 Summit, also said the summit supported Nigeria’s local economy – contributing over ₦500 million to service providers, creatives, and SMEs engaged around the event since inception in 2018.
The NIDCOM boss also disclosed that President Bola Tinubu is expected as the guest of honour at this year’s Nigeria’s Diaspora Investment Summit scheduled for 11-13 November 2025 in Abuja.
She revealed that no fewer than 3,000 online and physical participants are expected to participate at the 8th edition of the Summit.
Dabiri-Erewa said with the Summit themed: “Fast-Tracking Regional and National Development by Mobilising Diaspora Investment,” “We are determined to build on this momentum. This year, we will continue to spotlight sectors critical to Nigeria’s transformation: Finance and Fintech; ICT; Creative Industries, Sports and Entertainment; Agribusiness; Healthcare; Education; Real Estate and Infrastructure; Manufacturing and Energy.”
She added that: “We are honoured that His Excellency, President Bola Ahmed Tinubu GCFR, President of the Federal Republic of Nigeria, will once again serve as the Special Guest of Honour and we anticipate the participation of distinguished business leaders, diaspora investors, policy champions, and creative icons who continue to inspire confidence in Nigeria’s potential.”
She noted that since the inception in 2018, the NDIS has become a trusted platform that fosters ‘direct, credible and impactful investments’ from the Nigerian diaspora into the local economy.
She said: “The last edition of the Summit, held in November 2024, showed just how much momentum NDIS has built over the years as it welcomed above 1,500 participants, both online and physically including 236 investors, 1,197 business owners and 168 government officials. Over the course of the Summit, a total of 56 pitches were presented across eight key sectors which highlighted the creativity, determination, and entrepreneurial spirit of Nigerians. These ideas were not just pitched but attracted about 168 deals worth about N673 million.
The Creative, Entertainment, and Sport sector stole the spotlight with 39 deals, showing just how much talent and energy Nigeria has to offer. But when it came to big money, Infrastructure and Real Estate led the way, securing about ₦201 million across 22 deals. Energy, though quieter with just four deals, still drew an impressive ₦172 million. Agribusiness made its mark too, with 28 deals bringing in ₦103 million. While the numbers are impressive, the true story lies in the impact these investments are having on everyday lives in Nigeria. They are helping to create jobs for young people, giving them opportunities to learn new skills and earn a living. They are helping businesses expand their operations, reach new markets, and become more competitive. For example, GAIN Business Incubator raised over ₦200 million to expand its operations. Xtralarge Farms secured international distribution deals through connections made at the Summit. Filmmakers like JohnMark Iyoo found mentors and pathways to bring Nigerian stories to a global audience.”
She noted that several state governments, including Ondo, Nasarawa, and Borno, have leveraged the Summit in previous years, to attract investors and advance major development projects, such as Ondo’s port initiative which later gained Federal Government approval.
She also pointed out that: “These outcomes show that NDIS is more than a conference; it is a catalyst for enterprise and sustainable partnership.”
She therefore called on Nigerians in the diaspora and those at home, to seize emerging investment opportunities through the Nigeria Diaspora Investment Summit (NDIS) and invest massively for Nigeria’s economic development.
She asserted that NDIS has grown beyond being a conference but as a catalyst for enterprise and sustainable development, which has fostered job creation, youth empowerment, and connecting Nigeria’s enormous talent pool to its development agenda.
On her part, Chairperson of the Nigeria Diaspora Summit Initiative (NDSI), Dr. Badewa Adejugbe-Williams noted that over the years, the summit has served as a vital bridge, attracting investments and unlocking the vast potential of the diaspora for Nigeria’s development.
She added that this year’s theme aligns perfectly with the Renewed Hope Agenda, which seeks to diversify the nation’s economy and drive inclusive growth and sustainable development.
Dr. Adejugbe-Williams also encouraged new sponsors, investors, and media partners to amplify the message of the Summit and take advantage of the opportunities it presents.
Organised by NiDCOM with NDSI, the Summit connects Diaspora investors with local entrepreneurs across key sectors including Finance and Fintech, ICT, Creative Industries, Sports, Agribusiness, Healthcare, Education, Real Estate, Infrastructure, Manufacturing and Energy.
Meanwhile, all participants are urged to register at www.ndisng.com.
Dabiri-Erewa: Nigeria gained over N673 million worth of investments via Nigeria Diaspora Investment Summit in 2024
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Cuba Accuses U.S. of Military Aggression Against Venezuela, Pledges Unwavering Support
Cuba Accuses U.S. of Military Aggression Against Venezuela, Pledges Unwavering Support
By: Michael Mike
Cuba has issued a fierce condemnation of what it claims was a military attack by the United States on Venezuela, describing the alleged action as a serious breach of international law and a threat to regional peace.
In an official statement released in Havana on Saturday, the Cuban Revolutionary Government said it stood in full solidarity with Venezuela and its leadership, backing calls by Caracas for proof of life of President Nicolás Maduro and First Lady Cilia Flores. Cuba also demanded their immediate release, alleging they were being held by U.S. authorities.
Havana characterised the reported operation as a “cowardly and criminal act,” accusing Washington of escalating a long-running campaign of pressure and hostility against Venezuela.
According to the statement, U.S. actions in the Caribbean intensified from September 2025, including increased naval activity justified by what Cuba called unfounded allegations.
The Cuban government said the alleged aggression was driven by imperial ambitions, claiming it was aimed at asserting dominance over Latin America and gaining access to Venezuela’s vast natural resources. It warned that the move was intended not only to undermine Venezuela’s sovereignty but also to intimidate other governments in the region.
Cuba placed responsibility for any deaths or damage resulting from the situation on the U.S. administration, naming President Donald Trump and senior officials as accountable for the consequences of what it described as reckless actions.
Recalling the 2014 Proclamation of Latin America and the Caribbean as a Zone of Peace, signed in Havana by regional governments, Cuba said the current developments represented a direct challenge to that collective commitment.
The statement urged the international community to reject what it called an unlawful act against a United Nations member state, warning that allowing such an action to go unanswered would set a dangerous precedent. Cuba stressed that Venezuela had not attacked the United States or posed a military threat.
Reaffirming its close alliance with Caracas, Cuba said it remained prepared to support Venezuela in defending its independence and sovereignty, calling on governments, parliaments and social movements worldwide to condemn the alleged aggression.
Cuba Accuses U.S. of Military Aggression Against Venezuela, Pledges Unwavering Support
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Ex-Lawmaker Says Tinubu Deserves For Erecting Solid Foundation for Sustainable Economic Recovery
Ex-Lawmaker Says Tinubu Deserves For Erecting Solid Foundation for Sustainable Economic Recovery
By: Michael Mike
President Bola Tinubu has been described as deserving of reelection for putting in place a solid foundation for sustainable economic recovery.
Speaking during a family thanksgiving service at St. Paul’s Methodist Church, Obuohia Obi-Ibere, in Ikwuano Local Government Area of Abia State, a member of the Governing Board of the South East Development Commission (SEDC), Rt. Hon. Sam Onuigbo stated that the present administration of President Bola Tinubu has laid a solid foundation for sustainable economic recovery and should be considered for reelection come 2027.
He however noted that the president’s policies, though challenging, are already producing positive outcomes.
According to the former federal lawmaker, key economic indicators show gradual improvement, citing official data which he said indicate a moderation in inflation, declining food prices and progress in stabilising the foreign exchange market through the unification of rates.
He also pointed to the removal of fuel subsidy as a major reform that has helped eliminate the persistent fuel queues that usually accompany festive periods, noting that motorists now access petrol more easily, with filling stations competing for customers.
Onuigbo expressed confidence that Nigerians would reward what he described as courageous leadership at the polls in 2027, insisting that continuity is necessary to fully realise the benefits of the ongoing reforms.
The former two-term member of the House of Representatives, who represented Ikwuano/Umuahia North/Umuahia South Federal Constituency, said the thanksgiving was organised to appreciate God for His guidance and protection over his family despite years of political and personal challenges.
He announced plans to rebuild the church in his community as a mark of gratitude, describing the gesture as part of his commitment to giving back.
In his sermon, the Prelate of the Methodist Church Nigeria, Dr. Oliver Aba, urged Christians to live lives of gratitude and humility, encouraging them to acknowledge God’s role in their successes.
The thanksgiving service was attended by several political leaders, including Deputy Speaker of the House of Representatives, Benjamin Kalu, and Senator Austin Akobundu of Abia Central, among others.
Ex-Lawmaker Says Tinubu Deserves For Erecting Solid Foundation for Sustainable Economic Recovery
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Zulum Celebrates Christmas with Frontline Soldiers in Malam Fatori, Reaffirms Commitment to Troops Welfare
Zulum Celebrates Christmas with Frontline Soldiers in Malam Fatori, Reaffirms Commitment to Troops Welfare
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum has marked Christmas on Thursday by visiting frontline troops of the Nigerian Army’s 68 Battalion in the strategic border town of Malam Fatori, Abadam Local Government Area.
The Governor has spent the preceding four days traversing northern Borno, coordinating security measures and strengthening the resilience of returning communities. As part of his administration’s commitment to restoring civil authority, he spent the night in the newly resettled town, engaging with community leaders and residents.

His visit to the battalion, coinciding with the festive season, served as a symbolic and reassuring gesture to soldiers stationed far from their families under challenging operational conditions.
Governor Zulum commended the officers and men for their gallantry, resilience, and professionalism, stating that their sacrifices had ensured the survival and stability of Malam Fatori. He described them as the true guardians of peace, whose courage had enabled displaced communities to return and rebuild.

“Celebrating Christmas with the troops protecting our territorial integrity is not merely ceremonial, but a deliberate effort to stand with you at the point of sacrifice,” Governor Zulum said.
He added: “The courage you display daily in securing Malam Fatori and other frontline locations continues to inspire the state’s commitment to supporting security agencies until lasting peace is achieved.”
The Governor reaffirmed his administration’s unwavering support for the armed forces, assuring the battalion of continued logistical and welfare assistance to complement federal efforts.
“Let me reiterate that security remains the top priority of my administration,” he stated, stressing that without peace, development and recovery would be impossible.
In the spirit of the season, Governor Zulum donated five bulls to the battalion to enable the troops to celebrate with dignity. In a rare personal gesture, he joined the soldiers in line, sharing a meal with them within the base.

The visit elicited widespread jubilation from the troops, many of whom expressed renewed morale at the Governor’s presence and personal engagement. For soldiers long separated from their families, the occasion served as a powerful reminder that their sacrifices are seen, valued, and appreciated.
The Governor was accompanied by the member House of Assembly representing Abadam State Constituency, Commissioner for Information and Internal Security, Professor Usman Tar, Commissioner for Local Government and Emirate Affairs, Honourable Sugun Mai Mele and the Director General Borno State Emergency Management Agency.
Zulum Celebrates Christmas with Frontline Soldiers in Malam Fatori, Reaffirms Commitment to Troops Welfare
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