Dabiri-Erewa Urges Nigerians to Invest in $300m Diaspora Bond

Fri, Jun 16, 2017 | By publisher


Business Briefs

ABIKE Dabiri-Erewa, senior special assistant to the president on foreign affairs and Diaspora, has urged all Nigerians to take advantage of the first ever Diaspora offer by buying into the bond.

She said the Diaspora bond will be used to raise funds from Nigerians in the Diaspora to finance capital projects and provide an opportunity for them to participate in the development of the country.

She expressed satisfaction that the first ever diaspora bond was being rolled out to the benefits of Nigerians. The SSA said it was a unique way of lubricating the interest of Nigerians in the Diaspora to participate in the developmental projects being carried out by the Muhammadu Buhari administration.

Dabiri-Erewa said: “We are very excited that the National Assembly has approved the Diaspora Bond. We believe Nigerians abroad want to support development in Nigeria and such would be glad to invest in it.”

The Debt Management Office, DMO, had announced the commencement of a global offering of Nigeria’s first diaspora bond by filing a registration statement for the bonds with the U.S. Securities and Exchange Commission. Kemi Adeosun, minister of finance, had in February promised that the diaspora bond will soon be rolled out by the DMO.

—  Jun 26, 2017 @ 01:00 GMT

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