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FG Unveils $10bn Nigeria Diaspora Fund to Attract Foreign Investments

Nigeria Diaspora Fund

By Adedapo Adesanya The federal government has announced the launch of a $10 billion Nigeria Diaspora Fund, a multi-sectoral investment opportunity to encourage remittances, attract foreign investments, and facilitate philanthropic endeavors aimed at supporting key sectors crucial for Nigeria’s economic growth. This was disclosed by the Minister of Industry, Trade and Investment, Mrs Doris Uzoka-Anite, noting that the initiative, spearheaded by her ministry, follows extensive consultations with stakeholders in the capital markets, the investment community, and diaspora investors after which a committee was formed to conceptualize and develop the structure of the Diaspora Fund. The project aims to attract private

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