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Tuggar: Nigeria can be Propelled to Economic Growth with Effective Harnessing of Strengths of Her Diaspora
Tuggar: Nigeria can be Propelled to Economic Growth with Effective Harnessing of Strengths of Her Diaspora
By: Michael Mike
Minister of Foreign Affairs, Ambassador Yusuf Tuggar has said that with the effective harnessing of the strengths of Nigerians in Diaspora, the country can be propelled to economic growth, social development, and international standing.
Speaking on Thursday at the Diaspora Study Stakeholders Engagement Workshop organised by the Nigerian Institute of Social and Economic Research (NISER) in collaboration with Nigerians in Diaspora Commission (NISER), the Minister who was represented by the Director Economic, Trade and Investment in the Ministry of Foreign Affairs, Ambassador Bolaji Akinremi said: “Nigeria boasts one of the most dynamic and influential diaspora populations in the world.
“Across continents, Nigerians in the diaspora have made remarkable contributions to various sectors, including academia, medicine, technology, entrepreneurship, and diplomacy. Their remittances, expertise, and global networks serve as strategic assets that, when effectively harnessed, can propel Nigeria’s economic growth, social development, and international standing.”
He added that: “This workshop provides a platform to engage relevant stakeholders in the proposed diaspora study, ensuring its design and implementation align with national objectives and global best practices. It is imperative that we leverage the insights and inputs of key players, including government agencies, businesses, and scholars, to develop a study that informs policies aimed at maximizing diaspora contributions.”
The Minister to fully take serious the sessions, noting “that the success of this study will not only enhance diaspora engagement but also reinforce Nigeria’s position as a nation that values and integrates its global citizens in national development.”
On her part, the Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, said: “Nigeria is blessed to have one of the world’s most resourceful and active diaspora groups, with professionals flourishing in a variety of fields across continents. One untapped resource that could greatly aid Nigeria’s economic and social change is the abundance of networks, expertise, and knowledge they hold.”
She added that: “In order to effectively engage and utilise the enormous potential of our diaspora population, this study aims to give us a thorough grasp of how to do so. It is about developing evidence-based policies and initiatives that will lead to significant contributions to the development of the country, not just gathering data.”
She noted that: “Some of the policy measures to harness Diaspora contribution for national development include creating investment opportunities, establishing diaspora-specific investment funds, facilitating knowledge transfer through mentorship and training programs, enabling easier access to markets and networks in their home country and many more. By implementing these measures effectively, we can leverage the skills, resources, and networks of our diaspora communities for sustainable national development.”
Dabiri-Erewa while stating that: “This workshop is a platform to exchange ideas, dig into think-tanks of knowledge, refine strategies, and ensure that the study’s design and implementation are robust and inclusive,” told the participants that: “Your insights, experiences, and recommendations will be invaluable in ensuring that this research leads to actionable policies that truly make an impact.”
The Director General of Nigerian Institute of Social and Economic Research (NISER), Prof. Antonia Simbine said Nigeria’s diaspora community is one of the largest and most influential in the world, with over 17 million Nigerians residing abroad, noting that: “Our diaspora population is distinguished by its high level of professional expertise, spanning fields such as medicine, information technology, engineering, education, finance, and entrepreneurship.
“Beyond remittances—which amounted to $23.8 billion in 2019 before declining to $19.5 billion in 2023—the Nigerian diaspora contributes to national development in non-financial ways, including technology transfer, knowledge exchange, investment, and policy advocacy.
She said: “However, despite these contributions, a significant portion of diaspora remittances (about 70%) is directed towards consumption, rather than productive investments that could drive large-scale industrial growth and innovation in Nigeria. This reality underscores the need for this study, which aims to identify policy measures that will enhance the efficiency and impact of diaspora contributions to Nigeria’s socio-economic development.”
She revealed that: “This workshop provides a platform for engagement with key stakeholders—including government ministries, professional bodies, Nigerian diaspora organizations, embassies of our study countries, and the academia—to ensure that the study design, implementation, and outcomes align with national development goals.”
Tuggar: Nigeria can be Propelled to Economic Growth with Effective Harnessing of Strengths of Her Diaspora
News
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
By: Michael Mike
The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.
In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.
The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.
NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.
According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.
The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.
NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.
The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.
The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
News
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.
The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.
They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.
“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.
“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.
According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.
“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.
“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”
The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.
They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.
They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.
They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.
“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
News
Troops neutralise bandit, recover arms in Plateau raid
Troops neutralise bandit, recover arms in Plateau raid
By: Zagazola Makama
Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.
Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.
“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.
The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.
The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.
Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.
Troops neutralise bandit, recover arms in Plateau raid
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