The Nigerians in Diaspora Chamber of Commerce (NiDCC) has unveiled eight investment platforms aimed at channeling diaspora funds into Nigeria. The initiatives target structured opportunities to boost the nation’s economy.
Okay News reports that NiDCC President Patience Key launched the projects during an event in Lagos, Nigeria’s commercial hub. The theme was “The People, the Business, and the Future of Emerging Markets”.
Key emphasised bridging gaps between emerging and advanced markets. NiDCC fosters inclusion, respect, and sustainable development.
She highlighted annual diaspora remittances exceeding $20 billion. These significantly contribute to Nigeria’s Gross Domestic Product.
The platforms provide transparency and risk reduction. They encourage long-term participation in national growth.
Senator Gbenga Daniel acknowledged diaspora challenges in investing back home. He described their commercial role as strategic.
Keynote speaker Professor Matthew Edevbie, Managing Director of Easypay, noted Africa’s 19-year growth average. Technology and renewables drive future prospects.
Despite inflation, telecommunications spurred infrastructure. Expansion continued through 2024.
Jermaine Sanwo-Olu, representing Lagos State, praised diaspora as change catalysts. State initiatives include diaspora health insurance and a planned estate in Badagry.
Former Sokoto Governor Senator Aminu Tambuwal urged power sector investments. Northwest Nigeria lags in electricity and industrialisation.
Nigeria requires about N53 trillion for the 2026 budget. Diaspora contributions remain vital.
Former Inspector-General of Police Mike Okiro stressed security as investment foundation. Safety attracts and retains capital.
The launch positions NiDCC to harness diaspora resources. It aligns private funds with national development priorities.
These platforms promise secure channels for remittances beyond transfers. They support productive investments in Africa’s largest economy.
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