Nigerians in the Diaspora have remitted over $90 billion to their home country over the past five years, significantly impacting Nigeria’s economy through cash, intellectual property, and goods.
This was disclosed by the Chairman and Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, during a Sensitisation and Advocacy Programme held in Bauchi to promote Diaspora investment potential in the North-East. Represented by NiDCOM Secretary Dr. Sule Yakubu Bassi, Dabiri-Erewa emphasized the untapped potential for Diaspora investments in Nigeria, particularly in the North-East, which boasts abundant human and natural resources.
Bauchi State Governor Bala Mohammed highlighted policies designed to attract both local and foreign investors, including tax holidays for new businesses and a “one-stop shop” initiative aimed at streamlining responses to investor needs. Represented by the Commissioner for Budget, Economic Planning, and Multilateral Coordination, Amina Katagum, the governor reiterated his administration’s dedication to creating an investor-friendly environment.
Alhaji Modu, speaking on behalf of the North-East Focal Point Officers, called on Nigerians in the Diaspora to support the region’s development through remittances and investments. He recommended Public-Private Partnerships (PPP) and other legal investment avenues as effective tools for growth.
The event, jointly organized by NiDCOM, Stage-By-Stage Project Limited, and the Bauchi State Government, included panel discussions and paper presentations aimed at fostering collaborative development opportunities for the North-East.