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IDB, IOM Partner NIDCOM On Diaspora Humanitarian Sukuk

The Islamic Development Bank, (IDB) in conjunction with the International Organisation for Migration, (IOM), is set to partner Nigerians in Diaspora Commission (NIDCOM) on Diaspora Humanitarian Sukuk, Diaspora Remittances as well as capacity development programmes, training and research.

Regional Head of the IDB in Nigeria, Dr. Mamoud Kamara, who led the delegation disclosed this in Abuja during a strategic meeting with the Chairman/CEO, Nigerians in Diaspora Commission, Abike Dabiri-Erewa.

Dr. Kamara explained that the Diaspora Humanitarian Sukuk would help assuage the sufferings of Nigerians, particularly those who have lost their means of livelihood and were struggling for any means of survival.

He said the initiative would involve a multilateral banking strategy involving the World Bank, African Development Bank among others.

Dr. Kamara said the initiative would be very inclusive and global in structure and scope. He stated that Diaspora Remittances would guarantee discounted rates, insurance, infrastructure, projects and crises relief.

 

The IDB boss believes that it will have a very positive impact, adding that similar ones have been successfully implemented in Israel, India and Ethiopia.

National Project Officer, IOM, Ms Ukamaka Osigwe gave assurances that the organisation is working hand in gloves with IDB to ensure a successful take-off of the initiatives in Nigeria.

On her part, Dabiri-Erewa said a committee should be constituted within one week to fashion out modalities for the full implementation of the initiatives as put forward by the IDB and IOM respectively.

The NIDCOM boss also harped on mainstreaming migration in such a way that irregular migration can be made regular . She emphasized the need for diaspora data mapping. as well as emphasis on research and development.

Dabiri-Erewa also informed her guests that NIDCOM had just inaugurated the Ad-hoc Committee for the establishment of National Diaspora Investment Trust Fund, first of its kind in the history of Nigeria.

According to a statement by Gabriel Odu of NIDCOM’s Media, Public Relations and Protocol Unit, the Strategic Meeting was facilitated by the newly-appointed FCT Diaspora Focal Point Officer, Ms Sarah Areo David.

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