Nigerian firms to bid for $10 Billion Diaspora Investment Fund management

The Nigerian Federal Ministry of Industry, Trade, and Investment has extended an invitation to firms to bid as managers for its $10 billion Diaspora Fund. This announcement was made by the Minister of Industry, Trade, and Investment, Doris Nkiruka Uzoka-Anite, through an official. The managers will be tasked with identifying and nurturing ventures with high impact. The fund, set to run for three to five years, was set up to attract capital.

This is not the first time the government has sought to leverage the diaspora’s financial resources for its economic development. In the last few years, there has been a growing recognition of the significant role of diaspora remittances in Nigeria’s economy. According to the World Bank’s Migration and Development, Nigeria consistently ranks among the top recipients of remittances globally. In 2021 alone, Nigeria received an estimated $24.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

FG announces $10bn diaspora fund to attract investmentThe federal government says it is planning to set up a $10 billion diaspora fund to attract investment from its citizens living abroad.
La source: thecableng - 🏆 2. / 80 Lire la suite »

Nigerian govt targets $10bn investment in oil & gas sectorNigerian Government aims to attract about $10 billion worth of investment by signing the consolidated guidelines for implementing Fiscal Incentives for the Oil & Gas Sector.
La source: DailyPostNGR - 🏆 11. / 59 Lire la suite »