The Federal Ministry of Industry, Trade and Investment has extended the deadline for companies interested in managing the $10 billion Diaspora Fund to apply.
This was disclosed by the Minister, Dr. Doris Uzoka-Anite in a circular on Thursday in Abuja and obtained by AMBusiness.
Uzoka-Anite stated that the extension is designed to allow stakeholders additional time to adequately prepare their applications following the guidelines established for the fund.
The minister urged prospective applications to utilize the extra time to complete their submissions, ensuring they are thorough and competitive.
“The Federal Ministry of Industry, Trade and Investment wishes to inform all interested parties that the deadline for the submission of expressions of Interest (EOI) for the Nigeria Diaspora Fund has been extended.
“The new submission deadline is May 13, 2024. This extension is intended to accommodate stakeholders who require more time to prepare their applications in accordance with the guidelines provided for the #10 billion Nigeria Diaspora Fund.
“The EOI is open to Fund Managers interested in the development and establishment of a Multisectoral, multilateral private sector-led investment fund. We encourage prospective applicants to use this additional time to finalise their submissions to meet the outlined criteria, ensuring comprehensive and competitive proposals.
“For further inquiries or additional information, please contact the Federal Ministry of Industry, Trade, and Investment during office hours|(8.00 AM to 5:00 PM),” the Minister said.
Recall the Trade Ministry had initiated several approaches targeted at promoting the private sector and foreign direct investment into the Nigerian economy.
AMbusiness reported last week that the Ministry of Trade had invited prospective firms interested in providing services as Nigeria Diaspora Funds Managers via the official X handle of the Uzoka-Anite
