Diaspora Summit Sparks N673 Million in Deals, with Creative Sector Taking the Lead – NiDCOM

Diaspora summit generated deals worth N673 million, creative sector leading- NiDCOM 

Abike Dabiri-Erewa, Chairperson of the Nigerians in Diaspora Commission (NiDCOM), revealed that the 2024 Diaspora Investment Summit successfully secured 56 finalized agreements valued at N673 million, with the creative industry emerging as the frontrunner.

Speaking at a joint press briefing in Abuja ahead of the summit slated for November 11-13, 2025, Dabiri-Erewa emphasized this year’s theme: “Accelerating Regional & National Progress Through Diaspora Investment Mobilization.”

She highlighted that last year’s summit attracted significant participation, drawing over 1,500 attendees, including 236 investors and 1,197 entrepreneurs.

The creative sector dominated with 39 deals, while other sectors such as infrastructure, real estate, agribusiness, and energy also demonstrated robust investment activity.

The event, organized by NiDCOM in partnership with the Nigerian Diaspora Investment Summit Initiative (NDSI), serves as a pivotal platform to channel diaspora funds and connect overseas investors with local business owners in key industries like FinTech, ICT, creative arts, agriculture, healthcare, real estate, and energy.

Key Achievements of the Summit

Since its launch in 2018, the NDIS has become a trusted avenue for facilitating “direct, credible, and impactful investments” from Nigerians abroad into the country’s economy, according to Dabiri-Erewa.

Several state governments, including Ondo, Nasarawa, and Borno, have capitalized on the summit to attract funding and advance critical development projects. Notably, Ondo’s port development initiative gained Federal Government endorsement following investor interest generated at the summit.

Dabiri-Erewa underscored that the summit has transcended its role as a mere conference, evolving into a dynamic engine for entrepreneurship and sustainable growth. It plays a vital role in job creation, youth empowerment, and harnessing Nigeria’s extensive talent pool to drive national development.

She also confirmed that President Bola Ahmed Tinubu will grace the summit as the Special Guest of Honour. The NiDCOM chairperson extended gratitude to longstanding collaborators such as DTCA, NIPC, First Bank, NNPC, AG Mortgage, and media partners for their unwavering support.

Adding to the momentum, Badewa Adejugbe-Williams, Chairperson of the Nigeria Diaspora Summit Initiative (NDSI), highlighted the summit’s importance as a crucial bridge that attracts capital and unlocks the diaspora’s potential to fuel national progress.

Adejugbe-Williams pointed out that this year’s theme aligns seamlessly with the current government’s Renewed Hope Agenda, which focuses on economic diversification, inclusive growth, and sustainable development.

She also invited new sponsors, investors, and media organizations to join the initiative and contribute to its success.

Dabiri-Erewa encouraged Nigerians both at home and abroad to actively explore the emerging investment opportunities that can drive the country’s economic advancement.

Interested participants are urged to register online to attend the summit.

Ngozi Ekugo

Ngozi Ekugo is a Senior Correspondent and analyst at Businessday. With experience spanning multiple sectors, she previously held a position at Goldman Sachs in London. She earned an MSc in Management from the University of Hertfordshire and a Bachelor of Arts from the University of Lagos. Ngozi is also an alumna of Queen’s College and an associate member of the Chartered Institute of Personnel Management (CIPM).