Index to Nigerian Newspapers

FG, Banks Push for $20bn Diaspora Funds

The Federal Government of Nigeria, through the Nigerians in Diaspora Commission (NiDCOM), in collaboration with key banks and private sector investors, has launched a major initiative to harness over $20 billion in annual diaspora remittances for national economic development. This effort will be showcased at the 8th Nigerian Diaspora Investment Summit (NDIS 2025), scheduled for November 11–13, 2025, at the State House, Abuja, under the theme “Fast Tracking Regional & National Development by Mobilising Diaspora Investment.” The summit aims to channel the financial resources, skills, and innovations of over 17 million Nigerians abroad into productive ventures that drive economic transformation across sectors such as energy, real estate, finance, and technology.President Bola Tinubu is expected as Special Guest of Honour, while Dr. Abike Dabiri-Erewa, Chairman/CEO of NiDCOM, will host the event. High-profile speakers include Professor Bartholomew Nnaji and Mr. Temi Popoola, addressing diaspora investment frameworks and emerging market opportunities. Supported by Zenith Bank, First Bank, AG Mortgage Bank, and Rainbow Heritage Group, the summit emphasizes the role of diaspora investors in sustainable growth. Previous editions have already attracted significant local investments, underscoring the summit’s growing influence in linking diaspora capital to Nigeria’s development agenda.

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Oyedeyi Imoleayo | Economic development — Nigeria. | Punch Newspaper | Tuesday, November 04, 2025