FG announces $10bn diaspora fund to attract investment

The federal government has announced plans to set up a $10 billion diaspora fund to attract investment from citizens living abroad.on X on Thursday, Doris Uzoka-Anite, minister of industry, trade and investment, said the federal government is seeking bids from asset managers to set up the fund.

“Objective of the Nigeria diaspora fund; The fund will be managed by Fund Managers that satisfy the criteria set out in the Expression Of Interest . The Fund manager will propose Fund structures that will focus on various sectors and stages of investments. “The fund presents an opportunity for diaspora investors to contribute meaningfully to Nigeria’s socio-economic advancement,” Uzoka-Anite said.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

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.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Nigeria launches new incentives to attract $10b investment in oil, gas sectorIn a move to further revitalise the oil and gas industry’s contribution to the economy, Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, yesterday presided over a signing ceremony in Abuja endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector - a cornerstone of the...
Source: GuardianNigeria - 🏆 1. / 94 Read more »