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


Alex Enumah in Abuja
The Senior Special Assistant to the President on Foreign Affairs and Diaspora, Hon. Abike Dabiri-Erewa has urged all Nigerians to take advantage of the first ever diaspora offer by buying into the bond.

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.

Dabiri-Erewa gave the advice in a statement issued by her Media Assistant, Abdurrahman Balogun, saying 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.

The Minister of Finance, Mrs. Kemi Adeosun had in February promised that the diaspora bond will soon be rolled out by the DMO.

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.”