…to set up Catalytic unit
Ministry of Industry and Nigerians in Diaspora Commission have agreed to Partner to boost Diaspora Investment Opportunities In Nigeria.
The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite has
expressed the need to work
NIDCOM to boost diaspora investments in the Country.
Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, the Minister said
she will create a full department called “Catalytic Investment Unit”
in the Ministry to accommodate all diaspora related matters.
The Minister commended NiDCOM, partnering with three private sector-led
Nigerian Diaspora Summit initiative (NDSI) to organise the Nigerian
Diaspora Investment summit, which has provided a platform for Nigerians
who want to invest .
She said the Ministry would synergise with NiDCOM and NDSI to make the
summit even stronger , in-line with the Ministry’s investment
initiatives and policies.
The Minister said “I have been charged by Mr President to look for
inward investment into the country. NiDCOM has saved me from starting
from the scratch. We will build on your platform and work together”.
Mrs Uzoka-Anite described the Diaspora as a great potential for
investment who are passionate about the country and willing to invest
without too much conditions or demands.
The Minister added that the ministry can support Diaspora Investment by
designing and creating different investment channels, negotiating long
term investment opportunities, propose removal of taxes on dividends and
provide extra security arrangement on Diaspora investment and even work
together to push bills to be sponsored by the National Assembly.
Earlier, Hon. Abike Dabiri-Erewa, had called for more synergy between
the Commission and the Ministry to enhance Diaspora Direct Investment
The NiDCOM boss used the opportunity to brief the Minister on the
Nigeria Diaspora Investment Summit (NDIS) which had been hosted six
editions
“We have some requests which include creating incentives for the
Diaspora coming back home to invest, partnering to implement the
Diaspora Investment Trust Fund and establishing a Diaspora Desk in the
Ministry” Dabiri-Erewa said.
In attendance were the duo of Amb. Bolaji Akinremi, Director of Trade
and Investment in the Ministry of Foreign Affairs and Amb. Nura
Abba-Rimi, the Permanent Secretary in the Ministry of Industry, Trade
and Investment as well as members of NDIS team.
