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President Tinubu Calls on Nigerian Diaspora to Drive Economic Transformation at Investment Summit

Ademola Damilola by Ademola Damilola
November 5, 2024
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“The Diaspora is indispensable to any nation’s progress,” he remarked, acknowledging Nigerians abroad as both ambassadors and leaders of innovation. He urged them to use their global expertise and resources to help close development gaps, emphasizing the summit’s theme, “Adapting Stability through Diaspora Investment: Navigating the Path to Prosperity.”

Tinubu assured investors of Nigeria’s ongoing efforts to improve its economic landscape, highlighting reforms in finance, healthcare, energy, and ICT aimed at creating a more business-friendly environment. Recent policy moves, including the removal of fuel subsidies and currency adjustments, are part of a larger strategy to stabilize the economy and boost domestic production.

Security was underscored as a central focus of Tinubu’s administration, with recent successes such as the release of over 4,600 hostages and the neutralization of thousands of militants demonstrating progress. He emphasized that achieving long-term economic stability relies on both security and sustained reform, backed by strong Diaspora involvement.

“We need the Diaspora’s support to unlock the potential of our initiatives,” Tinubu added, positioning the Diaspora as essential partners in building a prosperous Nigeria. He highlighted that their participation is critical to the success of his administration’s vision.

Dr. Badewa Adejugbe-Williams, coordinator of the summit, described it as a “movement” for mobilizing the resources of the Diaspora towards long-term growth. Organized by NIDCOM and the Nigeria Diaspora Investment Summit Initiative, the event attracted leading entrepreneurs and investors, showcasing opportunities across sectors crucial to Nigeria’s future.

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