NiDCOM committed to unlocking new opportunities for Nigeria’s development through NDIS
The Nigerians in Diaspora Commission (NiDCOM) says it is committed to unlocking new opportunities for Nigeria’s development through the Nigeria Diaspora Investment Summit (NDIS).
The Chairman/CEO of NiDCOM, Mrs Abike Dabiri-Erewa said this in Abuja on Friday at a news conference to announce the upcoming seventh edition of NDIS scheduled to be held from Nov. 5 to 7, 2024.
The summit, which has “Adapting Stability Through Diaspora Investment: Navigating the Path to Prosperity” serves as as a bridge that connects diaspora investors with local entrepreneurs to boost Nigeria’s economy.
The NiDCOM boss said that the summit was apt because diaspora’s involvement was not just beneficial but essential especially in boosting investment prospects and sustainable development in the country
She recalled that NDIS, which was launched in 2018, had consistently provided a vibrant and impactful platform for the Nigerian diaspora to play a pivotal role in the country’s economic development.
“Through this initiative, members of the diaspora have been empowered to channel their resources, expertise, and networks into fostering economic growth and creating opportunities for Nigerians back home.
“The NDIS serves as a bridge, connecting diaspora investors with local entrepreneurs, small and medium-sized enterprises (SMEs), and start-ups across various sectors of the Nigerian economy.
“By focusing on investments in small businesses, the summit has contributed to job creation, innovation, and the diversification of Nigeria’s economic base.
“Many of these businesses are in sectors such as agriculture, technology, healthcare, manufacturing, and renewable energy, all of which have significant potential to generate sustainable growth.
“This direct engagement by the diaspora has not only infused much-needed capital into the local economy but has also brought in new skills, knowledge, and global best practices that have strengthened the capacity of local enterprises to compete on a larger scale.”
Dabiri-Erewa, added that several success stories have emerged as a testament to the impact of NDIS,
“Success stories such as Kilimo Nishati who has a result of participating in NDIS got engaged in discussions with Ondo State for a public-private partnership aimed at revitalising dairy operations, leveraging local expertise and investments.
“Others are the Royal School of Education Therapy (RSET) a school set up for tutoring pupils with disability, just by pitching and participating at the NDIS, received a N2million promissory donation and grants for training special education teachers, enhancing their service delivery.
