Diaspora Investment: NIDCOM, NIPC Synergise
Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission
(NIDCOM), has emphasised the need for collaboration with the Nigerian
Investment Promotion Commission (NIPC) on Diaspora Investment incentives
for National Development.
Secretary (ES) Nigerian Investment Promotion Commission (NIPC), Ms
Yewande Sadiku in Abuja.
Dabiri-Erewa implored NIPC to link their IGuide Nigeria Website with
NiDCOM to guide investors on potential investment portfolios domiciled
in various States across the Country.
She disclosed that the Commission is launching her mobile Application to
provide easy access to information and petitions.
In the same vein, Ms Sadiku stressed that “ A study funded by the
Department For International Development (DFID) to better understand
Diaspora investment to Nigeria suggests that; 70% of inflows of diaspora
investment are for family support while the 30% bulk goes to real estate
development.
According to her, “Nigeria receives more money from its diaspora as much
as it does from crude oil, the diaspora remittances are a global booming
business, if converted to diaspora investment, will enhance the gross
domestic product”.
She added that Nigerians living in the diaspora are more interested in
impact investment but their major challenge is finding the right
partners to do business with.
NIPC Executive Secretary urged NiDCOM to collaborate with State
Governors to encourage their diasporans in investing to enhance national
development.
The two Chief Executives agreed that NiDCOM will be accommodated on NIPC
One-Stop Investment Centre (E-OSIC) for easy access by investors.