The Office of the Vice President’s Economic Inclusion Initiative has partnered with the Nigerian-Canadian Business Association (NCBA) and TNG Solutions to boost diaspora investment and financial inclusion in Nigeria.
This collaboration aligns with President Bola Tinubu’s administration’s commitment to expanding economic opportunities and fostering inclusive growth.
Dr. Nurudeen Zauro, Technical Adviser to the Vice President on Economic and Financial Inclusion, endorsed the collaboration, announcing plans for a major multi-regional investment drive across Canada in Q1 2025.
“This partnership represents a strategic approach to engaging our diaspora community and international investors in Nigeria’s economic transformation,” stated Dr. Zauro.
High Chief Temitope Fawehinmi, Chairperson, TNG Solutions Ltd emphasized the initiative’s multifaceted approach.
“Our collaboration with NCBA and other stakeholders will create robust channels for diaspora investment in critical sectors of our economy,” said High Chief Fawehinmi.
Representing the Chairperson, NCBA Board of Trustees, Mrs. Ebi Obaro, Mr. Okoliko Sornie Adaji, NCBA Event Committee Chairman, outlined several groundbreaking programs, including:
– Annual Nigeria-Canada Financial Inclusion Summit
– Structured Diaspora Investment Fund
– Targeted initiatives for women and youth empowerment
– Digital financial inclusion programs
The partnership also benefited from strategic insights provided by key stakeholders, including Mr. Godwin Odoma, MD, TNG, who proposed an integration with the Ministry of Livestock Development, and Mr. Idowu Oluwatosin Titus of NCBA Trade & Investment Group, who presented strategies for advancing digital financial inclusion.
“This initiative will focus particularly on sectors that enhance economic and financial inclusion among underserved populations,” noted Dr. Zauro. “We’re targeting investments in Fintech, agricultural technology, and programs that empower women and youth.”
A joint working group has been established to develop comprehensive implementation plans for the multi-region Canadian initiative. The group will coordinate stakeholder roles and responsibilities, ensuring alignment with the Aso Accord objectives.
About the Aso Accord Initiative
The Aso Accord Initiative, under the Office of the Vice President, drives Nigeria’s economic and financial inclusion agenda as part of the administration’s Renewed Hope mandate.
About NCBA
The Nigerian-Canadian Business Association facilitates business relationships between Nigeria and Canada, promoting investment and trade opportunities between both nations.
About TNG Solutions
TNG Solutions specializes in implementing technical solutions for economic development.
Canada and Nigeria have a long-standing trade history, with bilateral trade averaging about $2.3 billion yearly since 2006.
The Foreign Investment Promotion and Protection Agreement (FIPA) signed between both countries is expected to further improve ease of doing business.
