The Federal Government, in collaboration with leading banks and private investors, is intensifying efforts to channel over $20 billion in annual diaspora remittances into productive investments that will drive Nigeria’s economic growth. Spearheaded by the Nigerians in Diaspora Commission (NiDCOM), this initiative aims to harness the wealth, skills, and innovation of Nigerians abroad to support local development.
As part of this effort, NiDCOM will host the eighth Nigerian Diaspora Investment Summit (NDIS 2025) from November 11 to 13 at the State House, Abuja. Themed “Fast Tracking Regional & National Development by Mobilising Diaspora Investment,” the summit seeks to convert diaspora resources into ventures that promote economic transformation, job creation, and innovation across key sectors.
NDIS 2025, a hybrid event, will bring together diaspora investors, business leaders, and policymakers to explore investment-ready projects in energy, real estate, finance, and technology. Attendees will participate in keynote sessions, investment pitches, exhibitions, and high-level networking opportunities, with President Bola Tinubu expected as Special Guest of Honour. NiDCOM’s Chairman/CEO, Dr Abike Dabiri-Erewa, will serve as Chief Host.
Highlighting the summit’s significance, Dabiri-Erewa emphasized its role in fostering tangible partnerships between Nigeria and its global citizens. “The Nigerian Diaspora Investment Summit connects our diaspora to sustainable opportunities that create jobs, drive innovation, and spur national growth,” she said. Key speakers include Professor Bartholomew Nnaji, former Minister of Power, and Mr Temi Popoola, CEO of the Nigerian Exchange Group, who will share insights on emerging market investment frameworks.
Major financial institutions, including Zenith Bank, FirstBank, AG Mortgage Bank, and Rainbow Heritage Group, are backing the summit. Their executives underscored the need to channel diaspora remittances into secure, impactful investments. The 2024 summit reportedly generated N673 million in diaspora investment commitments, benefiting local businesses such as videographers, hotels, and catering services—a clear demonstration of how structured diaspora engagement can transform Nigeria’s economy.
source: punch