The deadline for submission of Nigeria Diaspora Fund management proposals extended by Ministry
The submission date for Expression of Interest for the $10 billion Nigeria Diaspora Fund has been extended to May 13, 2024, as announced by Minister Doris Uzoka-Anite. The Fund, a government-enabled initiative, aims to encourage remittances, attract investments, and support various sectors in Nigeria like agriculture, infrastructure, healthcare, and entrepreneurship through private sector Fund Managers selected via a competitive process.
The deadline extension, detailed in a statement dated May 2, 2024, is intended to give interested fund managers more time to prepare competitive proposals. The government's plan to establish a $10 billion diaspora fund to attract investments from overseas citizens was announced last week, with bids being sought from asset managers to set ...