FG plans $10b diaspora fund to grow economy

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Doris Nkirukauzoka-Anite News

FMITI

The Federal Ministry of Industry, Trade and Investment (FMITI) has invited eligible firms to indicate interest to provide services as Diaspora Fund managers.

The Federal Ministry of Industry, Trade and Investment has invited eligible firms to indicate interest to provide services as Diaspora Fund managers.The Federal Ministry of Industry, Trade and Investment has invited eligible firms to indicate interest to provide services as Diaspora Fund managers.

In line with this objective, a committee has been established to conceptualise and structure the Nigeria Diaspora Fund, a $10b investment initiative, she noted. Additionally, the fund manager will play a crucial role in fundraising, investor management, risk management, and reporting. Detailed application instructions and further information can be obtained from the Federal Ministry of Trade, Industry, and Investment,” she said.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

Copper prices rallied Friday above $10,000 per tonne for the first time in two years, propelled by soaring global demand and tight supplies.

 

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