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.
This reckless government of Muhammadu Buhari should stop expecting money to be invested in the Nigeria economy when he is using military in killing Young people who could have kicked start the economy with money from the diaspora. The national assembly, the governors and his ministers are alleged to laundering collective wealth of the nation back to overseas like hydrological cycle. The oxygen to Nigeria economy is the diaspora money yet nothing is being done to protect them. Rather you are sending analogue fulani’s men to our embassy in Western world to slow down our way of life. This shouldn’t happen in twenty first century. His government have no single iota legacy Rather selling Nigeria state upfront to the Chinese government and allowing the innocent blood to continue flowing on the streets of Nigeria. My advices to this government is to do the right thing by putting the right people in the office to avoid going to Hague prison in Holland by using sound minded individuals to run government and all forces. Majority of people in government act irrationally with no human sympathy. Please mr president change the obsolete individuals in your government for your name to be promoted again in the world even if the electorate cannot change it till three years time