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FG Inaugurates Ad Hoc Committee On Establishment Of Nigerian Diaspora Investment Trust Fund

The Federal Government has inaugurated a 14-member ad hoc committee on the Establishment of Diaspora Investment Trust Fund in Abuja.

Inaugurating the ad hoc committee on Thursday, Minister of State, Ministry of Foreign Affairs, Ambassador Zubairu Dada, enjoined them to among other things advise on:
(i) the mission and objectives of the fund
(ii) the structure of the fund (especially a private sector led and driven by the Nigerians in Diaspora
(iii) the sources and value of the fund
(iv) the processes for and procedure for its establishment
(v) the procedure and guidelines for accessing the fund and its utilisation
(vi) the fund Managers/Management
(vii) any other issues pertinent to the realisation and establishment of the fund

According to a statement by Gabriel Odu, Media, Public Relations and Protocol Unit, NIDCOM, on Thursday, the ad hoc committee has one month to complete its assignment, the minister emphasised.

Earlier, the Chairman/CEO NIDCOM, Abike Dabiri-Erewa expressed delight 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 COVID-19 Pandemic.

The 14- Member Ad hoc Committee has its Chairman as Dr. Ali Garba of Financial Investment Services, Winconsin, USA. Professor Manny A. Aniebonam, Global Investor and Member, NIDAN (Nigerians in Diaspora Alumni Network) is also a member of the committee.

Other members include:
3. Chief Bimbo Roberts Folayan
4. Ms Lola Visser Mabogunje
5. Barr Kachi Okezie
6. Mr Femi Odere
7.Dr Mrs Ngozi Ogbonna-Erondu
8. Amb Edward A Sarki
9. Mr Uche Orji
10. Mr. Mansur Nuhu Bamalli
11. Ms Gbemi Adesemowo
12. Hon Abdulrahman Terab
13. Mariam Madaki
14. Rep Ministry of Finance

The committee is to advise and make recommendations on the above terms of reference.

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