Amb. Zubairu Inaugurates Committee On The Establishment Of The Nigerian Diaspora Investment Trust Fund

The Minister of State, Ministry of Foreign Affairs Ambassador Zubairu Dada, has inaugurated a 14-member Ad-Hoc Committee on the Establishment of Diaspora Investment Trust Fund in Abuja.

Amb. Zubairu Dada during the inauguration enjoined the committee to processes for and procedure for its establishment, procedure and guidelines for accessing the fund and its utilisation, the structure of the fund (especially a private sector led and driven by the Nigerians in Diaspora) and the mission and objectives of the fund.

The Minister also advised the 14-member Ad-Hoc committee led by Dr Ali Garba, of Financial Investment Services Winconsin United States to focus on the sources and value of the fund, fund Managers/Management and any other issues pertinent to the realization and establishment of the fund.

Members of the committee include: Professor Manny A. Aniebonam, Global Investor and member, Nigerians in Diaspora Alumni Network (NIDAN); Chief Bimbo Roberts Folayan; Ms Lola Visser Mabogunje; Barr Kachi Okezie; Dr MemphasizedOgbonna-Erondu; and Mr Femi Odere.

Others members are: Amb Edward A. Sarki; Mr Uche Orji; Mr. Mansur Nuhu Bamalli; Ms Gbemi Adesemowo; Hon Abdulrahman Terab; Mariam Madaki and Rep Ministry of Finance.

Ambassador Zubairu emphasied that the Adhoc Committee were given one month to complete the task.

Earlier, the Chairman/CEO Nigerians in Diaspora Commission (NiDCOM), Hon Abike Dabiri-Erewa, reflected satisfaction that the Ad-Hoc 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 novel COVID-19 Pandemic.