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Pres. Buhari Approves Establishment Of Nigerian Diaspora Investment Trust Fund

President Muhammadu Buhari has Monday approved the establishment of the Nigerian Diaspora Investment Trust Fund (NDITF), a private sector investment window with Nigerians in the Diaspora to support direct investments in the country.

 

Speaking at the presentation of a compendium entitled +600 Diaspora Icons @ 60, published by the Nigerians in Diaspora Commission (NiDCOM), the President said Nigeria is open to welcoming the Diaspora Direct Investment by compatriots abroad.

 

The President, who also pledged support for the establishment of the Diaspora Intervention Fund to support the Commission to fulfill its mandate, noted that the foreign exchange remittances by Nigerians in the Diaspora have not only helped families but enhanced the development index of Nigeria. The President commended the Diaspora Commission led by Hon. Abike Dabiri-Erewa for the energy and innovative steps they put together to ensure better engagements with the Diaspora Community.

 

In her remarks, the Chairman/CEO of NiDCOM, Dabiri-Erewa said the idea of the compendium was inspired from the regular Diaspora Presidential Town Hall meetings, adding that the Commission plans to publish the compendium at regular intervals, towards changing the negative stereotypes typified by the activities of a few Nigerians who do not represent the country well.

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