FG Promises Enabling Environment for Diaspora Investment and Policy Inclusion

The Federal Government has reaffirmed its commitment to building stronger partnerships with Nigerians in the diaspora through policies that promote investment and national development.

Vice President Kashim Shettima stated this on Wednesday during the ongoing 8th Nigeria Diaspora Investment Summit at the State House Conference Centre, Abuja.

He explained that the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, which positions the diaspora as a key pillar in Nigeria’s growth strategy, alongside democracy, development, and demographics.

Shettima highlighted that reforms such as the Non-Resident Bank Verification Number (BVN) and improved foreign exchange mechanisms have boosted remittance inflows to an estimated $21 billion in 2024. He added that these efforts demonstrate the administration’s commitment to making Nigeria a more attractive destination for diaspora investment.

He also announced plans for a proposed Diaspora Bond, designed to give Nigerians abroad a direct stake in major infrastructure projects, as well as the launch of the Home and Abroad Housing Platform under the Nigerians in Diaspora Commission (NiDCOM).

According to him, the government’s engagements with diaspora organisations are not symbolic, but strategic efforts to ensure Nigerians abroad have a voice in shaping national policies.

The three-day summit, which concludes on Thursday, brings together policymakers, investors, and diaspora professionals to explore opportunities in innovation, entrepreneurship, and sustainable economic development.