🇳🇬Nigeria’s Vice President, Kashim Shettima, has issued a heartfelt call to Nigerians living abroad, urging them to return home and invest in the country’s development. Speaking at the 8th Nigeria Diaspora Investment Summit in Abuja, Shettima emphasized the importance of diaspora investment in driving national growth, citing initiatives like the proposed Diaspora Bond and the ₦75 billion MSME Intervention Fund.
The government has introduced several initiatives to attract global Nigerian capital and expertise, including the Home and Abroad Housing Platform, Diaspora Investment Trust Fund, and reforms to encourage formal remittances. These efforts have yielded results, with Nigeria’s formal remittances reaching approximately $21 billion in 2024, and the country recently exiting the Financial Action Task Force’s grey list.
Shettima highlighted key areas for investment, including infrastructure development, youth entrepreneurship, mining and solid minerals, agriculture, and renewable energy. The government is committed to creating a stable investment climate, with reforms and opportunities for sustainable investments and job creation.
The Vice President assured Nigerians in the diaspora that their contributions are crucial to Nigeria’s growth and development, and encouraged them to take advantage of the opportunities available.
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