WATCH THE VIDEO HERE The Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has called for “strategic engagement” regarding the newly introduced Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA), recently launched by the Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso. Abdur-Rahman Balogun, Head of Media, Public Relations, and Protocols Unit at NiDCOM, Abuja, disclosed Dabiri-Erewa’s position in a statement on Thursday. She commended the CBN under Cardoso for the initiative, describing it as a strategic step toward enhancing diaspora engagement and bolstering Nigeria’s economic growth. “Nigerians, home and abroad, must join hands to develop Nigeria, as no foreigner will do this for us,” she said, urging Nigerians in the diaspora to leverage the new financial innovation. She described the development as a proactive approach by the CBN aimed at strengthening ties with the diaspora and optimizing remittances to boost the country’s economy. In October 2024, the CBN led a team comprising the Nigeria Inter-Bank Settlement System (NIBSS), major Nigerian banks, and International Money Transfer Operators (IMTOs) to engage the Nigerian diaspora in Houston, Texas, United States. Last Friday, the CBN launched two financial products, the NRNOA and NRNIA, aimed at attracting investments from Nigerians living abroad. The accounts have a number of key features: The CBN, in collaboration with key financial stakeholders, aims to shift the narrative around remittances by exploring ways they can be better leveraged for national development.
NiDCOM calls for strategic engagement over CBN’s Diaspora Investment Accounts
