Deadline Extended for $10 Billion Nigeria Diaspora Fund

Great news for those interested in managing the $10 Billion Nigeria Diaspora Fund.

The application deadline has been extended to give everyone more time to prepare.

Originally due on May 6th, applications can now be submitted until May 13th, 2024.

The Federal Ministry of Industry, Trade and Investment (FMITI) announced this change to allow more companies to get their applications ready following the official guidelines. They want to make sure everyone has a fair shot and submits the strongest proposal possible.

Here’s the official message from the Ministry:

We’re letting everyone know that the deadline to apply to manage the Nigeria Diaspora Fund has been extended! The new deadline is May 13th, 2024. This gives more time for companies to prepare their applications according to the set guidelines.

This program is looking for Fund Managers to create a special investment fund. This fund will involve many different industries and will be led by private companies. We encourage everyone interested to take advantage of this extra time and submit a complete and competitive application.

If you have any questions, please contact the Federal Ministry of Industry, Trade and Investment during regular business hours (8:00 AM to 5:00 PM).

What is the Nigeria Diaspora Fund?

Remember, this fund aims to attract investments from Nigerians living abroad. The goal is to support various sectors in Nigeria, like building, healthcare, education, and businesses run by everyday people.

Want to learn more?

You can find out more about the specific requirements for companies applying to manage the fund by searching online.

This extension is a great opportunity for qualified companies to get involved and contribute to Nigeria’s development!

FAQs:

Who can benefit from the Nigeria Diaspora Fund?

This fund is primarily intended to benefit Nigeria’s economy by attracting investments from Nigerians abroad. However, the various sectors the fund supports, like infrastructure, healthcare, and education, will ultimately benefit all Nigerians.

How will the Diaspora Fund be managed?

The Federal Ministry of Industry, Trade and Investment is currently seeking qualified Fund Managers to develop and oversee the $10 billion fund. These managers will be responsible for creating a multi-sectoral investment strategy and ensuring the fund operates effectively.

Is there a minimum investment amount for Nigerians in the Diaspora?

There is currently no official information on minimum investment amounts for individual Nigerians living abroad. It’s likely that the fund will cater to a range of investment sizes.

How can Nigerians in the Diaspora learn more about investment opportunities?

While specific details haven’t been released yet, Nigerians abroad can stay informed by following announcements from the Federal Ministry of Industry, Trade and Investment. They may also want to connect with Nigerian embassies or consulates in their countries of residence for updates.