Ministry Of Industry Partners NIDCOM To Boost Diaspora Investment In Nigeria

The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite has expressed the need to work with the Nigerians in the Diaspora Commission (NIDCOM) to boost diaspora investments in the Country.

According to a statement issued by the Spokesman of NIDCOM, Abdur Rahman Balogun, the Minister made this known while speaking during a courtesy call by the Chairman/CEO, NIDCOM Dr Abike Dabiri-Erewa in Abuja.

The minister stressed that she will create a full department called “Catalytic Investment Unit” in the Ministry to accommodate all diaspora related matters.

She also commended NIDCOM for partnering with the 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 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 their country and willing to invest without too many 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, proposing removal of taxes on dividends and providing extra security arrangements on Diaspora investment and even work together to push bills to be sponsored by the National Assembly.

Earlier, Dr. 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 in Abuja six times.

“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.