The Minister of State for foreign affairs Ambassador. Zubairu Dada, recently said that Nigerians in the diaspora has increased.
Dada in his keynote address presented by Ambassador Usman Daburi during the one-day symposium tagged” the Nigerian Diaspora Bond a tool for National Development-the journey so far.
He stated that Nigerians in Diaspora bond is seeking to find budget and investment in which the Nigerian in Diaspora take this advantage to analyze the development of the nation.
“The Nigerian in Diaspora bond was issued in 2017 as a significant effort by the government to mobilize Nigeria diaspora savings for national development, which has fetched a huge sum of 300 million dollars and which oversubscribed by over 130%, this has remained a major point of diaspora engagement by the Nigerian government”.
Yakubu Bassey who represented Senator Abike, reminds us of the President 3 point agenda for the Nigerians in Diaspora identifying them as First, Any Nigerian in the Diaspora is our ambassador at large and must therefore gear by his it her actions, compartment and deliberation project the image of Nigeria.Secondly, whatever the Nigerians in the diaspora are doing there must excel and be the best.Thirdly while you are out there in the diaspora excelling you should not forget home.Further on NIDCOM speaker Hon. Abdulrahman Terab, noted that the Diaspora initiative in Nigeria must be approached from the economic perspective, and must be understood that the population of almost 17 million Nigerians in the diaspora is a huge human economic capital and have the potential of propelling Nigeria to an economic powerhouse in the world.”Nigeria must wake up to invest hugely in the diaspora initiative to overcome some of the challenges face, as the diaspora has responded to the need of various interventions in Nigeria, so to harvest from the huge intellect, capacity, earnings, and the compassion of Nigerian in diaspora and become a major political, economic and technical powerhouse in the world we must invest”.
Furthermore, the way forward according to DMO is to continue to work together with all stakeholders to explore days at improving the processes of issuing diaspora bond in the international capital market, and also supports effort towards the developments of the Nigerian in diaspora investment trust fund to attract foreign direct investment and create an alternative to debt security.