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Home News

FG, banks push for $20bn diaspora funds

JEO report by JEO report
November 4, 2025
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FG, banks push for $20bn diaspora funds
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The Federal Government, through the Nigerians in Diaspora Commission, alongside leading banks and private sector investors, has launched a fresh push to harness over $20bn in annual diaspora remittances to drive national economic growth.

According to a statement on Monday, NiDCOM is to hold the eighth Nigerian Diaspora Investment Summit in conjunction with the Nigerian Diaspora Summit Initiative as part of efforts to channel the $20bn diaspora inflows into productive investments that will spur national development.

The statement noted that the summit, scheduled to be held from 11 to 13 November 2025, at the State House, Abuja, is themed ‘Fast Tracking Regional & National Development by Mobilising Diaspora Investment’.

It seeks to convert diaspora wealth, skills, and innovation into ventures that contribute to Nigeria’s economic transformation.

The statement said the NDIS 2025, billed as a hybrid event, would bring together diaspora investors, business leaders, and policymakers to explore investment-ready projects across key sectors, including energy, real estate, finance, and technology.

It will feature keynote sessions, investment pitches, exhibitions, and high-level networking opportunities.

JEO report

JEO report

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