UBA, NiDCOM strengthen ties to mobilize diaspora investment for Nigeria

United Bank for Africa (UBA Plc) has reaffirmed its commitment to channeling diaspora-driven investment into Nigeria, following a strategic engagement with the Nigerians in Diaspora Commission.

The meeting, held at UBA’s UK office on Monday, brought together key officials from NiDCOM, led by its Chairman/CEO, Abike Dabiri-Erewa, and UBA executives, including Group Managing Director/CEO, Oliver Alawuba.

Alawuba highlighted the critical role of Nigerians abroad as a powerful economic force capable of shaping Africa’s growth narrative. He encouraged the diaspora to leverage opportunities across the continent, noting that UBA’s Diaspora Banking platform provides an integrated, seamless way to invest, bank, and manage financial obligations back home.

“With UBA, you have a financial partner that understands your challenges and can help you realize your aspirations, both abroad and in Nigeria,” Alawuba said. “Opportunities across Africa are abundant, and we are here to help you navigate that space.”

Hon. Dabiri-Erewa commended UBA for its diaspora banking initiatives and praised Nigerians abroad for their resilience and success. She stressed the importance of celebrating positive stories and creating constructive narratives about the Nigerian diaspora.

“This meeting demonstrates a significant step in aligning public and private sector efforts to deepen diaspora engagement and accelerate Nigeria’s development agenda,” she said. “We will continue to drive policies and initiatives that encourage Nigerians abroad to actively participate in the country’s economic growth.”

The discussions also emphasized UBA’s capacity to facilitate cross-border payments, unlock high-yield investment opportunities, and connect diaspora enterprises to markets across Africa. With a global footprint spanning 20 African countries, the UK, USA, France, and the UAE, UBA serves over 45 million customers worldwide and remains a key player in promoting financial inclusion and investment across the continent.

The strategic engagement underscores UBA’s role as a bridge between the Nigerian diaspora and economic opportunities at home, aiming to transform diaspora remittances into structured wealth creation and long-term investment.