The bank of industry, BoI and the office of senior special adviser on foreign affairs and diaspora headed by Abike Dabiri-Erewa have their eyes on money made by Nigerians abroad.

They have signed an agreement – a memorandum of understanding – to help Nigerian living abroad invest in the country. 

According to the acting Managing Director of BoI, Waheed Olagunju, there are millions of highly talented Nigerians in diaspora who have acquired qualifications and skills they want to invest in Nigeria.

According to him, what these Nigerians need is a structured platform to enable them give back to the country.

“Some of these Nigerians have acquired skills and become experts in their various callings and professions.

“Many of them are also wealthy, they have substantial financial resources and they are sentimental about Nigeria and want to make their contribution toward national development.

“No matter what they are out there, their fatherland is still a point of reference. If all is well at home, it enhances their dignity verse visa,” Olagunju said.

Dabiri-Erewa notes that the initiative would create change about Nigerians in diaspora wanting to invest in the country.

“For the first time, we want to have a structured coordinated approach to Nigerians in diaspora who want to be part of investment in their country.

“We are talking about huge talented, experienced and successful Nigerians in diaspora who want to invest back home.

“So we are providing a platform to enable them to invest. We look forward to a move that will impact positively on Nigerians, Nigeria in diaspora and the nation,” Dabiri-Erewa said.

The Migration of Remittance Factbook 2016 shows about 21 billion dollars was sent home by Nigerians in diaspora in 2015.

This figures also show Nigeria is the sixth largest receiver of remittances in the world.