President Bola Ahmed Tinubu has urged Nigerians in the diaspora to play a more active role in building a resilient economy, as the 7th Nigeria Diaspora Investment Summit commenced in Abuja today. The three-day summit, themed “Adapting Stability through Diaspora Investment: Navigating the Path to Prosperity,” aims to leverage the knowledge, expertise, and global networks of Nigeria’s diaspora to drive national development.
Key Highlights of the Summit
- Diaspora Contributions: Senator George Akume, representing President Tinubu, described Nigerians in the diaspora as “torch-bearers of excellence, innovation, and resilience”.
- Economic Reforms: President Tinubu’s administration is committed to transformational reforms, including removing fuel subsidies and unifying the foreign exchange market.
- Investment Opportunities: The summit will focus on sectors like finance, ICT, fintech, creative industries, sports and entertainment, agribusiness, healthcare, education, real estate, and infrastructure.
- Remittances: Diaspora remittances contribute over $24 billion annually to Nigeria’s economy, ranking second to oil and gas.
Support from Government Officials
Senator Victor Umeh, Chairman of the Senate Committee on Diaspora, NGOs and Civil Societies, assured participants of the National Assembly’s support for diaspora initiatives through relevant legislation. Tochukwu Okere, Chairman of the House Committee on Diaspora Affairs, emphasized the need to enhance sponsorship and leverage expertise to tackle national challenges.
NIDCOM’s Commitment
Abike Dabiri-Erewa, Chairman/CEO of NIDCOM, welcomed participants and expressed gratitude to those investing in Nigeria’s future. Dr. Badewa Adejugbe-Williams acknowledged the summit’s evolution into a powerful platform connecting the diaspora with opportunities in Nigeria
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