NDIS SUMMIT 2022: 17 million Nigerians in Diaspora contributed over $20billion dollars to the economy in 2021- NiDCOM… Focus is on Ondo state.

 

Oru Leonard

Chairman NIDCOM,Hon. Abike Dabiri-Erewa has disclosed that the Diaspora Community, totalling over 17 million Nigerians, who he said contributed over $20billion dollars in remittances to the economy in 2021.

The Chairman who was represented by the secretary of NIDCOM, Engr. Sule Bassi stated this at the 5th Nigeria Diaspora Investment Summit (NDIS), which started yesterday at Abuja.

NiDCOM Secretary, Dr Bassi in a discussion with some participants at the exhibition section.

Dabiri-Erewa who called for greater degree of recognition to the Diaspora Community, described Diaspora engagement as demographic and an economic factor contributing towards national development through Diaspora Direct Investment (DDI).

She noted that the summit has over the years served as a link between entrepreneurs and investors, home and abroad, in major business specialisations which has successfully given rise to job opportunities, economic growth and more taxable income to the Federal Government.

She said the event is currently focused on the grassroots investment at sub-national levels because, “that is where the opportunities are for real. time investments.

Keynote speaker of the event, Dr Chris Brooks in an with Journalists

“Last year’s thematic focus was on Borno and Nassarawa States, while this year targets Ondo State and its plethora of viable businesses for investment”, she recalled.

In her opening remarks, the Coordinator of the Investment Sunmit, Dr. Badewa Adejugbe-Williams, commended Hon. Abike Dabiri-Erewa, for her immense support and said that the Summit has birthed many success stories which she attributed to the enabling business policies and the ease of doing business presidential initiative.

Also speaking, Mr. Bimbo Roberts Folayan, Founder, Nigerian Diaspora Direct Investment Summit (NDDIS) who joined virtually described the Summit as a laudable project which has jointly engaged Nigerians home and abroad to develop keen attachment to the development of homeland, Nigeria.
Mr. Folayan added that trust should be a key factor in creating a conducive business environment.

Some of the Exhibitors explaining their brands..

On his part the MD, Federal Mortgage Bank of Nigeria (FMBN), Mr. Haman Madu stated that with the Diaspora Housing packages available, trust and honesty are the twin investments portfolio needed to establish and sustain businesses as well as services by and for Nigerians in the Diaspora.

The NDIS 2022 is the fifth edition of the Summit. The three-day event, 15th – 17th November,  has as theme: “Optimising Investment Opportunities for National Development”.

This year’s event which is hybrid in nature was attended by Nigerians locally and globally from all spheres of life, with focus on the numerous investment opportunities in Ondo state.

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