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UBA, NiDCOM deepen collaboration to unlock diaspora capital for Nigeria’s growth

United Bank for Africa (UBA) has strengthened its partnership with Nigerians in Diaspora Commission to promote investment from Nigerians living abroad. The move is aimed at supporting Nigeria’s economic growth through diaspora contributions.

UBA’s Group CEO, Oliver Alawuba, made this known during a meeting with NiDCOM officials led by Abike Dabiri-Erewa at the bank’s UK office. He highlighted the importance of diaspora communities in driving development.

The collaboration follows the launch of UBA’s Diaspora Banking platform. The platform allows Nigerians abroad to easily manage finances, invest, and connect with opportunities back home.

Alawuba explained that the initiative goes beyond sending money home. It is designed to help diaspora Nigerians build wealth and take advantage of business opportunities across Africa.

Dabiri-Erewa praised Nigerians in the diaspora for their achievements and encouraged them to continue contributing positively to the country. She also called for more focus on sharing success stories of Nigerians abroad.

Both organisations agreed to deepen cooperation to create more opportunities for diaspora engagement. The partnership is expected to improve cross-border payments, boost investments, and support Nigeria’s long-term economic growth.

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