"> NIDCOM signs MOU with NDSI on Diaspora investment - Sahel Standard
September 28, 2020
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NIDCOM signs MOU with NDSI on Diaspora investment

The Nigerians in Diaspora Commission (NIDCOM) on Tuesday signed an MOU with the Nigeria Diaspora Summit Initiative (NDSI), a private sector- led organization, 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, 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.

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

Speaking 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.

A statement of the commission stated some of the highlights of the MOU to include mobilization of events in support of Nigerians economic development; conducting 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; and joining efforts in mobilizing resources for financing investment promotion programs among others.

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