Pelican Valley pledges to share diaspora investment potential

The Chief Executive Officer of Pelican Valley Nigeria Ltd, Babatunde Adeyemo, will on Tuesday share his wealth of experience on sensitisation and advocacy programme for promoting diaspora investment potentials in Ogun State and the rest of the South-West geopolitical zone.

In a statement, it was stated that the event being organised by Nigerians in Diaspora Commission in collaboration with Gconsulting International was slated for January 21 at NECA House, Alausa Ikeja.

It stated, “As a keynote speaker, Ambassador Adeyemo will speak on the topic, ‘Success Stories and Best Practices from Diaspora Investments in Real Estate.’

“A formal invite dated January 15, personally signed by Hon. Abike Dabiri-Erewa, Chairperson of the Nigerians in Diaspora Commission, and addressed to Adeyemo.”

The letter read in parts, “This is an initiative organised by NiDCOM in collaboration with Gconsulting International Services Ltd. It seeks to highlight the vast opportunities in the South-West region and foster greater diaspora engagement in strategic investments.

“As a leading figure in the real estate sector in Nigeria, your insights and vision will set the tone for discussions aimed at unlocking the potential of diaspora investment in key sectors, particularly the real estate sector.”

According to the statement, the event comes on the heels of the recent revelation that remittances from Nigerians abroad over the past five years have exceeded $90 bn.

It added, “The chairperson of NIDCOM had, during the 2024 budget performance and 2025 budget defence before the National Assembly’s Joint Committee on Diaspora, disclosed that Nigerians living overseas spent approximately N60bn during their visits to Nigeria in December 2024 while their remittances in the last five years had also exceeded $9bn dollars.”

Dabiri-Erewa said this very significant expenditure was a testament to the growing impact of the diaspora on the Nigerian economy and lauded them for their eagerness to invest back home towards nation-building.

She said, “We have reached a stage where, in the last five years, we have shown that the diaspora is a powerful force and resource, and we cannot ignore them.

“We have 17 million of them. And how much did this generate for the growth of the economy? Remittances alone in the last five years have been over $90 bn. This December, of course, you know, it is not less than N60 bn in what they spent coming to Nigeria. It could grow, but it is just scratching the surface,” the NiDCOM chairman said.