NIDCOM seeks for NIPC Collaboration for National Development

Honourable 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.

The NiDCOM boss disclosed this at a strategic meeting with the Executive 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 is 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 StateGovernors 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.