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FG extends application deadline for $10 billion Diaspora Fund until May 13

The Federal Ministry of Industry, Trade and Investment has extended the deadline for companies interested in managing the $10 billion Diaspora Fund to submit their application.

The deadline has been moved from May 6 to May 13, 2024.

Minister Doris Uzoka-Anite made this disclosure in a circular on Thursday in Abuja.

Uzoka-Anite stated that the extension is designed to allow interested parties additional time to properly prepare their applications following the guidelines established for the fund.

The minister urged potential applicants to use the extra time to complete their submissions, ensuring they are thorough and competitive.

The news continues after this announcement.






The news continues after this announcement.




  • “The Federal Ministry of Industry, Trade and Investment wishes to inform all stakeholders that the deadline for submission of Expressions of Interest (EOI) for the Nigerian Diaspora Fund has been extended.
  • “The new submission deadline is May 13, 2024. This extension is intended to accommodate interested parties who need more time to prepare their applications in accordance with the guidelines provided for the Nigerian Diaspora Fund of 10 billion dollars.
  • “The EOI is open to fund managers interested in the development and establishment of a multi-sector and multilateral investment fund led by the private sector. We encourage potential applicants to use this additional time to finalize their submissions that meet the outlined criteria, ensuring comprehensive and competitive proposals.
  • “For further queries or additional information, please contact the Federal Ministry of Industry, Trade and Investment during office hours (8:00 am to 5:00 pm).” said the Minister.

Background

Last week, Nairametrics reported that the Federal Ministry of Industry, Trade and Investment (FMITI) had invited eligible companies to indicate interest in providing services as trustees of the Nigerian Diaspora Fund.

The announcement was made on Thursday by the minister on her X account.

According to her, these fund managers will be responsible for the development and establishment of a multi-sector, multilateral, private sector-led investment fund to form the $10 billion Nigerian Diaspora Fund.

According to Uzoka-Anite, the ministry has initiated several measures aimed at encouraging the private sector and foreign direct investments in the Nigerian economy.

See the requirements for the Diaspora Fund here.