Abike Dabiri Urges Nigerians To Key Into $300m Diaspora Bond

 Abike Dabiri Urges Nigerians To Key Into $300m Diaspora Bond

Abike Dabiri-Erewa, Senior Special Assistant to the President on Foreign Affairs and Diaspora, has called on Nigerians to buy into the 300 million dollars Diaspora bond.

In a statement issued by her media aide on Monday, Dabiri-Erewa urged Nigerians abroad to take full advantage of the offer.

She noted that the Debt Management Office (DMO) had announced the commencement of a global offering of Nigeria’s first Diaspora Bond.

The DMO is said to have filed a registration statement for the bonds with the United States Securities and Exchange Commission.

The Diaspora bond is projected to be used to raise funds from Nigerians in the Diaspora to finance capital projects.

 According to Dabiri-Erewa, the bond will provide an opportunity for Nigerians abroad to participate in the development of the country.

The SSA said the bond was a unique way of lubricating the interest of Nigerians in the Diaspora to participate in the developmental projects being carried out by the Muhammadu Buhari administration.

She added that the DMO had disclosed that application would be made for the bonds to be admitted to the official list of the UK Listing Authority and the London Stock Exchange Plc.

Her office, according to the SSA, would ensure that the bonds were admitted to trading on the London Stock Exchange’s regulated market.

 

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