NIDCOM, NDSI sign MoU on Diaspora investment

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The Nigerians in Diaspora Commission (NIDCOM) on Tuesday signed an MOU with the Nigeria Diaspora Summit Initiative (NDSI), a private sector- led organization that is passionate in bringing in investors from the
Diaspora to build up the nation’s economy.

With the signing of the MOU, NIDCOM will partner with the NDSI to organize subsequent Annual Nigeria Diaspora Investment Summits.

The Chairman of the Commission, Hon. Abike Dabiri-Erewa described the signing of the MOU as historic, saying the initiative started in 2017 and was happy it had finally come into fruition.

“We ought to be proud of ourselves, When we talk about Diaspora, we must talk about investment and human capital development”, she said.

The NIDCOM boss thanked President Muhammadu Buhari and Vice President Yemi Osinbajo for their support in the growth of the summit.

She thanked the Committee that has been piloting the initiative, who were mostly returnees from the Diaspora, not to relent in their efforts in the growth and development of the initiative.

Earlier, the secretary of the Commission, Engr. Dr. Yakubu Sule Bassi said that the summit initiative is to Institutionalize the Nigeria diaspora investment summit as an annual event; with the Nigeria Diaspora
Summit Initiative group registered under the CAC

The Chairperson of Nigeria Diaspora Summit Initiative (NDSI) Dr. Badewa Adejugbe- Williams appreciated all that have contributed to the success of the event, for their encouragement, patience ,and the opportunity
given to them.

She promised to work hard to encourage Nigerians abroad to invest in different sectors of the economy back home

Highlights of the MOU are:

* To jointly convene mobilization of events in support of Nigerians economic development;

* To conduct joint advocacy campaigns aimed at raising awareness on the importance of the Nigerian Diaspora and it’s capacity for stimulating development in Nigeria’s economic process through inward investment;

* To join effort in mobilizing resources for financing investment promotion programs and

* To identify reputable individuals and corporate entity within the Nigerian Diaspora community who can advocate for Nigeria’s economic development and serve as goodwill Ambassadors for NIDCOM in it’s drive
to engage the Diaspora in Nigeria’s development process.

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