Tinubu Urges Nigerians Abroad to Move From Remittances to Investment

President Bola Tinubu has urged Nigerians in the diaspora to go beyond sending remittances home and invest their capital, skills, technology and global networks in productive sectors of the Nigerian economy. Speaking through his Chief of Staff, Femi Gbajabiamila, at the Nigeria Diaspora Economic Conference in Toronto, Tinubu said diaspora investment could create jobs and speed up economic development. He encouraged Nigerians abroad to use professionally managed investment clubs, sector funds, co-investment vehicles and venture networks instead of informal, personality-driven deals. The President said the Federal Government must provide predictable rules, transparent project pipelines, efficient consular services and stronger protection against fraud. He also highlighted diaspora banking products and investment opportunities in infrastructure, agriculture, housing, healthcare, digital connectivity and manufacturing. Tinubu acknowledged that remittances support millions of households but said they should be the beginning, not the limit, of diaspora engagement with Nigeria.

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