Diaspora remittances constitute a significant source of foreign exchange for Nigeria. In 2021, Nigerians in the diaspora sent home $19.9 billion in remittances, more than the country’s earnings from foreign direct investment . Families use this money to cover basic needs such as food, education, and healthcare. It is also a significant source of investment capital for businesses and entrepreneurs.
Diaspora investments help to promote technology transfer and innovation. Nigerians in the diaspora have access to the latest technologies and expertise. When they invest in Nigeria, they can transfer this knowledge and expertise to the local economy to boost productivity and innovation. Anticipation is high about the event that will be held on 13-15 November 2023. The theme is New Vistas, New Aspirations- The Diaspora and National Development. Vice President Kashim Shettima will be the special guest of honour and keynote speaker at the first NDIS under the new administration of President Bola Tinubu.
The organisers say 3,000 physical and virtual participants will be at NDIS 6. There will also be “at least 72 identified Nigerian Diaspora investors, over 200 small business owners and 50 business pitchers seeking investors. It will feature about 30 exhibitors and in-person attendance by over 60 officials from the MDAs.”
The Nigeria Safety Investigation Bureau has revealed that no fatalities were recorded in an accident involving an HS 125 aircraft with Nationality and Registration Marks 5N-AMM belonging to Flint Aero, which occurred at about 08:21pm on November 3, 2023. The aircraft, with 10 passengers and three crew members onboard en-route Ibadan from…