NIDCOM seeks turnout of more diasporas at 2019 investment summit



The Nigerians in Diaspora Commission (NIDCOM) plans to increase to 500 the number of participants at the forthcoming Second Nigeria Diaspora Investment Summit (NDIS).

Mrs Abike Dabiri-Erewa, the Executive Chairman/CEO, disclosed this on Thursday in Abuja at a news conference held ahead of the Summit, which is scheduled to hold from Nov. 6 to Nov. 7, 2019.

Dabiri-Erewa said that the inaugural summit held on Nov. 26 to 28, 2018, which attracted more than 300 participants and investors was a huge success, hence the decision  to make it an annual NIDCOM event.

“At the inaugural summit through a collaborative effort with the Nigeria Investment Promotion Commission (NIPC ), the organised private sector and banks, over 100 businesses and projects ready for investment were identified and attracted.

“This year we aim to double that number and increase the number of participants to 500,” she said.

She further said that the inaugural summit focused on 10 sectoral clusters “which will be maintained this year to allow for proper impact measurement”.

The clusters include agribusiness, education, training and skilled workforce development, healthcare services, entertainent, hospitality and tourism, infrastructure and real estate, manufacturing, extractive industry, telecommunicatons, technology and innovation, waste management and environmental remediation, and transportation.

According to her, diasporan investors will be encouraged to channel their investments into these clusters.

She stated that this year’s theme,  “Leveraging Diaspora  Investment for Economic growth”, recognises the important role diasporas can play and have played in helping countries  achieve amazing economic growth and transformation.

She added that the Summit underscored the fact that Nigerians in Diaspora who currently accounted for the highest net contribution to Foreign Direct Investment (FDI) inflows to the country with 25 billion naira remitted in 2018, represented a game-changing leverage for the country “as the economy exits recession and heads towards growth.

“We have Nigerians living all over the world, developing world economies and we have to attract them back home to join hands with President Muhammadu Buhari in developing the country.”

An investor, Dr. Corttrell Kinney, the Chief Executive Officer, Hyland  William Consulting in the U.S., said that Nigerians were in the forefront among African Diasporas living invthe U.S., and the most educated in that country.

“I am here for investment opportunities in the sport, education, agriculture and healthcare sectors and with us working together as part of the diasporas we can help make a change.

“We will help give the youth opportunities to come to the U.S. for sport activities; they will have scholarships to study in some prestigious schools in America and we look forward to the partnership and to work with governors from Ebonyi, Enugu, Kano, Rivers, Bauchi, and Lagos states.

”I am excited working in Nigeria because most of the greatness in Africa started here and extends through out the continent, ” he said.

The Nigeria Diaspora  Investment  Summit (NDIS) is a government-backed  private sector initiative of  NIDCOM.

It was initiated at a time of very fierce competition for  FDI, targeting Nigerians  in Diaspora for inward investment to Nigeria. (NAN)


Edited by Emmanuel Yashim

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