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The ministry stated, “The fund is part of broader efforts to strengthen ties between Nigeria and its diaspora, promote national development, and harness the potential of its citizens living abroad as agents of change and development for Nigeria.” This ambitious move comes amidst a series of economic reforms initiated by President Bola Tinubu’s administration, which took office in late May.
Naija Newsunderstands that the initiative, spearheaded by the country’s Ministry of Industry, Trade, and Investment, is designed to tap into the economic potential of Nigeria’s diaspora community, comprising nearly 20 million citizens worldwide.
The establishment of the $10 billion diaspora fund represents a significant milestone in Nigeria’s efforts to mobilize resources for sustainable economic growth and development..
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