NDIS has been attracting Diaspora investment into local businesses in Nigeria- Hon Abike

Oru Leonard 

Chairman/ CEO Nigerians in Diaspora Commission (NiDCOM), Hon Dr. Abike Dabiri- Erewa has said that The Nigerians in Diaspora Investment Summit (NDIS), has various  Diaspora investment into local businesses in Nigeria,

Dr Dabiri-Erawa disclosed this during her opening remarks at the sixth Edition of Nigerian in Diaspora Summit held at Abuja.

According to her, “Since its inception, has been living up to its expectations of attracting Diaspora investment into local businesses in Nigeria, with bounteous success stories, in terms of business connections and social impact. With over 5,000 participants recorded, 900 business links established and over 200 deals closed, NDIS has come into its own as the leading business networking event for connecting Nigerian business owners and NGO operators with Nigerian Diaspora based investors.”

She further said it has also provided a platform for the Diaspora community to give back, by providing support for several deserving NGOs.

She also disclosed the summit will be focusing on the following sectors:
Healthcare; Education; Agribusiness; Creative, Entertainment & Sports;
Telecommunication; ICT/Fintech; Manufacturing; Real Estate.

“This hybrid summit wil showcase the investment opportunities available in these sectors and the development framework put in place to make investing in Nigeria more attractive
to Nigeria Diaspora investors.

“In the quest of the Federal Government to go far in repositioning the economy, there is a need to partner with the Diaspora in achieving these goals.

“This is why the Summit with this year’stheme being New Vistas, New Aspirations, New Opportunities: The Diaspora and National Development is very appropriate because it creates innovative platforms of partnerships, between the Government and the Diaspora, in attracting investment into local businesses and thus enhancing Foreign Direct Investment in the country.

“Also, facilitating economic transformation through research and the local development of new energy solutions, which is expected to boost cross-sectoral investment cooperation”, Abike explained.

She informed that a few of the local firms and companies that have benefited through participating at NDIS, include start-ups like Opalson Nigeria Limited
which exports agro commodities from Nigeria to the international market;
Nairaxi (logistics tech); Surejobz App (recruitment tech);iSTEMLabsAfrica
(education tech);and KudiMata, the Fintech education start-up now expanding into a household name in Nigeria.

Also, Quebec Food Processing Industrial Parks Limited entered a partnership
with an integrated farm estate for investors to provide equity financing for the farm’s existing value chains, while Sea Group Sousse Tunisieentered into a
Substrates agreement with a German company for a food and beverage

“Beyond this, NDIS has over the years been expanding its participants’
network, show casing their products and services to target audience such as the
Diaspora investors, sponsors and government actors”, NiDCOM Boss concluded.


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