The Federal Ministry of Industry, Trade and Investment has extended the deadline for companies interested in managing the $10 billion Diaspora Fund to apply.
The deadline has been moved from May 6 to May 133, 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 stakeholders additional time to adequately prepare their applications following the guidelines established for the fund.
The minister urged prospective applicants to utilize the extra time to complete their submissions, ensuring they are thorough and competitive.
Last week, Nairametrics reported that the Federal Ministry of Industry, Trade and Investment (FMITI) had invited eligible firms to indicate interest in providing services as Nigeria Diaspora Fund managers.
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-sectoral, multilateral, private sector-led investment fund to form the $10 billion Nigeria Diaspora Fund.
According to Uzoka-Anite, the ministry has initiated several moves aimed at fostering private sector and foreign direct investments into the Nigerian economy.
See here the requirements for the Diaspora Fund.