The Nigerians in Diaspora Commission (NIDCOM) announced that the 3rd Nigeria Diaspora Investment Summit will be holding from the 20th to 21st of November, 2020.
This was disclosed by the Coordinator of the Summit, Dr. Badewa Adejugbe- Williams on Thursday.
The Coordinator said the theme of this year’s summit is, “Post COVID-19 Economic Resurgence: TARGETING DIASPORA INVESTMENT”.
A diaspora bond is basically a government debt that is targeted but not limited to the nationals of the country that are living abroad. The idea is based on a presumption that because of emotional ties to their country of origin, expatriates may find investing in such products worthwhile, especially if they are financing development projects like infrastructure.
Dr. Badewa Adejugbe-Williams said 2020’s summit will be virtual and is expected to attract diaspora investors from the Healthcare, Education, Agric-business, Creative, Sport and Entertainment, Telecom, ICT/Fintech, and Manufacturing sectors.
The Nigeria Diaspora Investment Summit is a private sector-driven initiative in collaboration with the Nigerian in Diaspora Commission (NIDCOM) and Nigeria Diaspora Summit Initiative.
“Investors and stakeholders alike are to register online to participate in the Summit,” the Commission announced.
What you should know
The Nigerian government has been targetting investment from its diaspora since 2017. In 2017 Nigeria’s former Finance Minister, Kemi Adeosun revealed the Federal Government plans to launch a $300 million diaspora bond bid in March 2017.