Nigerians in the diaspora are set to splash out an estimated N60 billion during their Detty December visits, highlighting their significant economic impact. The Nigerians in Diaspora Commission (NiDCOM) is capitalizing on this influx with initiatives like the Connected Diaspora Flagship Event and the DOWA Start-Up Challenge, aiming to harness diaspora innovation and investment.
The Connected Diaspora Flagship Event, held on December 19, 2025, in Lagos, brought together policymakers, investors, and tech innovators to discuss Nigeria’s growth trajectory. The event featured a Diaspora Talent Career and Internship Fair, promoting skills exchange and national capacity building.
NiDCOM Chairman, Dr. Abike Dabiri-Erewa, emphasized the diaspora’s role in Nigeria’s development, citing their $20-24 billion annual remittances, surpassing foreign direct investment. The commission is working to unlock more opportunities for diaspora investment, including a proposed Diaspora Plaza to connect Nigerians abroad with government officials and business opportunities.
As Detty December spending fuels local businesses, NiDCOM is addressing concerns around chargebacks and friendly fraud, urging vendors to adopt secure payment systems. With the diaspora community playing a vital role in Nigeria’s economic growth, initiatives like these aim to foster sustainable development and strengthen ties between Nigerians at home and abroad.
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