Nigerians in Diaspora Commission (NiDCOM) is making strides to harness over $20 billion in annual diaspora remittances to drive national economic growth. The commission’s chairperson, Abike Dabiri-Erewa, revealed that Nigerians abroad contribute a staggering $20 billion annually in remittances, accounting for 6.1% of Nigeria’s GDP.
The 8th Nigerian Diaspora Investment Summit (NDIS) is set to take place from November 11-13, 2025, in Abuja, focusing on mobilizing diaspora investment for regional and national development. The event aims to transform Nigeria’s huge diaspora inflows into structured investments that create jobs, boost innovation, and strengthen the country’s economic resilience.
Diaspora remittances stand at $20 billion annually, accounting for 6.1% of Nigeria’s GDP. NDIS 2025 focuses on mobilizing diaspora investment for regional and national development. Investment opportunities abound in energy, real estate, finance, and technology sectors. Government initiatives include National Diaspora Policy, Diaspora Data Mapping/Registration Portal, and Diaspora Mortgage Scheme.
The Nigerian government is optimistic that initiatives like NDIS will help unlock new capital flows, strengthen productive sectors, and reduce reliance on external borrowing. With over 17 million Nigerians living abroad, their influence extends beyond remittances, and experts argue that a structured approach is needed to integrate diaspora expertise and investments into Nigeria’s development plans.
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