Wednesday, May 25, 2022

Buhari approves establishment of Diaspora Investment Trust Fund

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Rayyan Alhassanhttps://dailynigerian.com/author/rayyan/
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or www.facebook.com/RayyanAlhassan, or @Rayyan88 on Twitter.
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President Muhammadu Buhari has endorsed the establishment of the Nigerian Diaspora Investment Trust Fund, NDITF, a private sector investment window with Nigerians in the Diaspora to support direct investments.

The President disclosed this at the Presidential Villa Abuja, on Tuesday, at the presentation of a compendium entitled +600 Diaspora Icons @ 60, published by the Nigerians in Diaspora Commission, NiDCOM, as reported by The Nation.

According to him, Nigeria is open to welcoming the Diaspora Direct Investment by compatriots abroad.

He noted that the foreign exchange remittances by Nigerians in the Diaspora have not only helped families but enhanced the development index of Nigeria.

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The President described the 327-page compendium as a historical record of the worth of our compatriots globally, adding that the distinguished list in the publication is a reminder of what Nigerians are capable of doing to the delight of the global community.

‘‘Irrespective of the few bad eggs among us, and every nation has such bad eggs, Nigeria remains a great country, populated by great people, living at home or abroad, making us proud.

‘‘This compendium attests to that fact and the names of people and the fields they have excelled speak about their resilience and how exceptional Nigerians, both at home and abroad, have become,” he said.

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The President reminded Nigerians that it is their duty to extol and celebrate compatriots that excel in their chosen careers and professions.

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