Diaspora Affairs Finance News

FG Inaugurates Adhoc Committee On Establishment Nigerian Diaspora Investment Trust Fund

The Minister of State, Ministry of Foreign Affairs Ambassador Zubairu Dada has inaugurated a 14- Member Adhoc Committee on the Establishment of Diaspora Investment Trust Fund in Abuja.
Inaugurating the Adhoc Committee Amb. Zubairu Dada enjoined them to among other things advise on the mission and objectives of the fund, the structure of the fund(especially a private sector led and driven by the Nigerians in Diaspora, the sources and value of the fund and the processes for and procedure for its establishment.

Other terms of reference include advice on the procedure and guidelines for accessing the fund and its utilisation, the fund Managers/Management, and any other issues pertinent to the realization and establishment of the fund.

The Adhoc Committee has one month to complete its assignment, the Hon Minister emphasized.

Earlier, the Chairman/CEO NIDCOM, Hon Abike Dabiri-Erewa expressed delight that the Adhoc Committee is being established, the first ever in the history of Nigeria, an outcome of the first Nigerian Diaspora Investment Summit held in 2018.

The NIDCOM Boss urged the Committee to carry out its functions by Virtual means given the circumstances of COVID-19 Pandemic.

The 14- Member Adhoc Committee has Chairman Dr Ali Garba of Financial Investment Services Winconsin USA while Professor Manny A. Aniebonam, Global Investor and Member, Nigerians in Diaspora Alumni Network (NIDAN).

Other Members include Chief Bimbo Roberts Folayan, Ms Lola Visser Mabogunje, Barr Kachi Okezie, Mr Femi Odere, Dr Mrs Ngozi Ogbonna-Erondu, Amb Edward A Sarki, Mr Uche Orji, Mr. Mansur Nuhu Bamalli, Ms Gbemi Adesemowo, Hon Abdulrahman Terab, Mariam Madaki and representative of the Federal Ministry of Finance .

The Committee is to advise and make recommendations on the above terms of Reference.

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