NiDCOM Targets $100bn Annual Diaspora Investment, Announces November Summit – THISDAYLIVE

Michael Olugbode in Abuja

The Nigerians in Diaspora Commission (NiDCOM) has stated Nigeria may appeal to as much as $100 billion yearly in diaspora funding if the monetary, entrepreneurial and mental sources of Nigerians residing overseas are successfully harnessed.

The Chairman/Chief Executive Officer of NiDCOM, Hon. Abike Dabiri-Erewa, said this in Abuja whereas saying the ninth Nigeria Diaspora Investment Summit (NDIS) 2026, scheduled for November 10 and 11.

Dabiri-Erewa, who was represented by the Acting Secretary of the fee, Hon. Abdurrahman Terab, stated diaspora funding represented a serious financial useful resource able to accelerating Nigeria’s improvement and supporting the Federal Government’s ambition of constructing a $1 trillion financial system.

She stated the diaspora neighborhood ought to be considered not merely as a social group however as a strategic financial asset whose monetary {and professional} capacities may remodel important sectors of the financial system.

The summit, organised by NiDCOM in partnership with the Nigeria Diaspora Summit Initiative (NDSI), might be held beneath the theme, ‘Bridging the Trust Gap: Connecting Diaspora Capital with Credible Home-based Opportunities.’

According to her, the 2026 version will undertake a hybrid format, combining digital participation via Zoom with restricted bodily attendance on the Shehu Musa Yar’Adua Centre, Abuja.

She defined that the deal with belief and credible funding alternatives was knowledgeable by the necessity to tackle issues that usually discourage Nigerians overseas from investing of their dwelling nation.

Dabiri-Erewa stated unlocking diaspora capital required greater than showcasing funding alternatives, stressing the significance of transparency, investor safety, credible establishments, dependable info and efficient regulatory frameworks.

She stated the summit would offer potential buyers with direct entry to authorities establishments, regulators, venture sponsors and funding companies to acquire sensible steerage on funding procedures, compliance necessities and safeguards.

The two-day summit will characteristic discussions on capital market alternatives, infrastructure funding, regulatory frameworks and investor safety.

Dabiri-Erewa stated the primary day, November 10, would deal with Nigeria’s capital market, together with obtainable monetary devices, funding entry procedures, transparency measures, danger administration and safeguards for diaspora buyers.

Participating establishments are anticipated to incorporate the Securities and Exchange Commission (SEC), Nigerian Exchange Group (NGX), Central Bank of Nigeria (CBN) and Ministry of Finance Incorporated (MOFI), alongside capital market operators and advisers.

She stated the second day would deal with infrastructure alternatives and regulatory frameworks, together with bankable tasks, public-private partnerships and funding safety mechanisms.

Institutions anticipated to take part embody the Infrastructure Concession Regulatory Commission (ICRC), Nigerian Sovereign Investment Authority (NSIA), Corporate Affairs Commission (CAC), Presidential Enabling Business Environment Council (PEBEC) and Nigerian Export Promotion Council (NEPC).

According to her, discussions would additionally tackle enterprise registration, due diligence, anti-fraud measures and administrative reforms geared toward making a extra dependable funding surroundings.

The NiDCOM boss stated the summit was designed to maneuver past basic advocacy by offering interactive question-and-answer classes via which individuals may have interaction immediately with regulators, mortgage suppliers, venture sponsors and verified service suppliers.

She defined that the bodily part had been scaled down due to the forthcoming nationwide election marketing campaign season, however assured Nigerians overseas that the fee remained dedicated to selling credible and guarded funding alternatives.

Dabiri-Erewa described the 2026 summit as preparatory groundwork for the tenth anniversary version in 2027.

She invited Nigerians within the diaspora, diaspora enterprise teams, professionals, institutional buyers, venture builders and entrepreneurs to take part within the summit.

She additionally expressed appreciation to First Bank of Nigeria Plc and different companions for his or her continued assist in connecting Nigerians overseas with funding alternatives at dwelling.

She stated the last word goal was to construct safe, clear and worthwhile funding pathways via which diaspora capital may contribute meaningfully to Nigeria’s sustainable financial improvement.