Matthew Ashimolowo, the founder of Kings Covenant International Church, has urged Nigerians living abroad to invest their resources into the national economy [1].
This appeal targets the Nigerian diaspora's ability to stabilize the domestic market. By channeling global influence and financial capital back into the country, the initiative seeks to reverse economic instability and restore investor trust [1].
Ashimolowo said that Nigerians abroad should utilize their experience and global networks to support structured investments [2]. He said that these contributions are necessary to rebuild confidence in the nation's economic framework [1].
The call for structured investment suggests a move away from informal remittances toward more sustainable, long-term capital projects [2]. Ashimolowo said that the combination of financial resources and professional expertise from the diaspora could drive significant growth [1].
Such efforts are intended to leverage the influence of Nigerians in international business hubs to attract further foreign interest [2]. The focus remains on creating a reliable environment where diaspora members feel secure in committing their wealth to local development [1].
“Urged Nigerians living abroad to channel their resources, experience, and global influence into structured investments.”
This call reflects a strategic attempt to transition the Nigerian diaspora from providing social remittances—money sent to support families—to providing investment capital. By focusing on 'structured investments,' the effort aims to create institutional stability that can attract broader international confidence and reduce the country's reliance on volatile external loans.
