The Nigerians in Diaspora Chamber of Commerce (NiDCC) has launched investment platforms aimed at tapping into the $20 billion annual remittances from Nigerians abroad. This move seeks to bridge the gap between emerging and advanced markets, fostering inclusion, mutual respect, and sustainable development for Nigeria.
The initiative was unveiled at an event themed ‘The People, the Business, and the Future of Emerging Markets’ in Lagos, where NiDCC President Mrs. Patience Key highlighted the significant economic role of Nigerians abroad. The Chamber has formally launched eight prospective projects designed to provide transparency, reduce risks, and encourage long-term diaspora participation in national development.
Senator Gbenga Daniel praised the efforts, noting that Nigerians in the diaspora are crucial to the nation’s economic growth, but often face constraints investing in their homeland. The projects aim to unlock structured and secure investment opportunities for diasporans.
With Nigeria receiving over $20 billion in remittances annually, accounting for nearly 6% of the country’s GDP, the NiDCC’s move is seen as a strategic step to harness diaspora funds for national development.
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