NIDCOM, Pelican urge diasporan Nigerians to invest locally

The Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, has advocated for intensified investment collaboration between Nigerians in the diaspora and their home country.

This call to action was made during the Avenue Impact Winner Ball in London, an exclusive event for diaspora project professionals, recently.

Dabiri-Erewa highlighted NIDCOM’s initiatives, urging diasporans to participate in programmes such as the Diaspora Mortgage Scheme and the Diaspora Investment Summit, aimed at facilitating investments in various sectors.

She stated, “Key into our programmes. we have a Diaspora Mortgage Scheme where you get N60m for a mortgage from the Federal Mortgage Bank of Nigeria. This allows you to own your own homes in Nigeria without a third party.

“We also have the Diaspora Investment Summit. I am proud of the investments of Nigerians into the country in the areas of agriculture, food business, medicare, etc. About 12 hospitals were set up in the last two years by diasporan doctors. Ours is to give you a platform to make it easier for you.

“We also have the Diaspora Investment Trust Fund which is about getting all of you to pull resources together. If all of you in this room put £1,000 into an investment, you can decide what you want to do with it positively. Let’s come together to build Nigeria and I think we are making a lot of progress in that regard.”

The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, emphasised strategic relocation plans for diasporans, particularly in real estate.

He provided insights into factors like due diligence, government-approved layouts, and the importance of research to avoid potential pitfalls.

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