Home News Diaspora Investment Summit: Nigerians in a international nation highest contributor to FDIs, says NiDCOM

Diaspora Investment Summit: Nigerians in a international nation highest contributor to FDIs, says NiDCOM

by Good News

Nigerians residing in a international nation currently accounted for the very supreme net contribution to international insist investment flows into the nation, says Nigerians in Diaspora Price (NiDCOM), sooner than the 2021 Nigerian Diaspora Investment Summit (NDIS).

On Tuesday, the Nigerians in Diaspora Price disclosed this at a news conference addressed by its chair, Abike Dabiri-Erewa.

The NiDCOM boss out of the ordinary that the summit underscored that Nigerians residing in a international nation currently accounted for the very supreme net contribution to international insist investment flows into the nation, with $25 billion remitted in 2018.

The summit is scheduled to help from November 16 to 17 on the Presidential Villa in Abuja. The theme of the two-day tournament is ‘Diaspora Partnership and Linkages for Put up-COVID Economic Suppose’. Extra than 5,000 Nigerians residing in a international nation are anticipated to defend half.

“Targeting Nigerians in diaspora for inward investment is potentially basically the most efficient technique, particularly within the light of a heightened menace profile for the nation,” stated Ms Dabiri-Erewa. “Right here’s further corroborated by the reality that loads of first and 2nd-period Nigerians in Diaspora are among a slim but rising demographic band, experiencing elevated wealth with more disposable incomes within the societies where they stay.”

She added, “Most continuously, they’ve paid off their mortgage, skilled their young people thru college, and are both retired or retiring, with expecting self-actualisation by skill of leaving a legacy for the following period.”

In step with her, now not like international investors, Nigerians residing in a international nation “are no longer overly influenced by the detrimental menace profile of the nation but are motivated by a sentimental attraction,” a convincing prefer to present support in serving to to originate their nation.

“This one year’s summit comes on the heels of the federal government’s most trendy emphasis on offering unheard of toughen for the exiguous enterprise sector, agriculture and big infrastructure model,” Ms Dabiri-Erewa explained. “On condition that these are the live three job-developing sectors in any economy, it vindicates the choice of the summit organisers to prioritise them.”

She believed that “diaspora investors will, attributable to this truth, be encouraged to channel their investment into these, as neatly because the other sectors.”

(NAN)

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