$10bn – BDNews

Nigerian govt announces $10bn diaspora fund to attract investment

April 27, 2024Bode DoluLeave a Comment

Nigerian Minister of Industry, Trade and Investment Dr. Doris Nkiruka Uzoka-Anite, on Friday, April 26, announced the federal government’s plan to set up a $10 billion diaspora fund to attract investment from citizens living abroad. The Minister revealed that the diaspora fund will support critical sectors including infrastructure, health care and education to grow the economy, […]

Nigeria may lose $10bn to political tensions ―IMF

May 2, 2023Bode DoluLeave a Comment

International Monetary Fund (IMF) has said Nigeria could lose an estimated $10bn of foreign direct investment and official development assistance inflows to geo-political tensions. The IMF in its country focus on Sub-Saharan Africa, released on Monday, said the figure is about a half per cent of the nation’s annual Gross Domestic Product. IMF said: “The […]