FBNQuest offers opportunities for Diaspora Nigerians to spur economic development

FBNQuest Asset Management, a subsidiary of the FBN Holdings Plc group, has shown interest to offer investment opportunities to Nigerians in Diaspora, as a way to unlock the potentials of the country’s citizens living abroad, which will be a source of economic development.

This call for Nigerians in diaspora to take advantage of the numerous investment opportunities available in Nigeria was made at the just concluded Nigerians in Diaspora (NIDOA) Global Development Conference in London.

The conference presented a rare opportunity for them to engage in constructive and interactive sessions with key decision makers across different industries in Nigeria, encouraging stakeholders to partner and collaborate on investment schemes.

Ike Onyia, Managing Director of FBNQuest Asset Management said FBNQuest Asset Management is open to partnerships that will unlock the potential of the Nigerian diaspora community as a source of economic development.

“We provide bespoke solutions to organizations and individual investors looking to set up structures that can help them achieve their investment goals. As a trusted advisor and credible partner with sound local knowledge and a rich pedigree, we will help them navigate through opportunities in the homeland’’.

A major highlight of the event was the pre-launch of the $20 Million Diaspora Housing Investment Fund – a closed end investment fund to be privately placed and constituted under a Trust Deed with a suitable Commercial Trustees to be selected.

The fund will be established through the issuance of the similitude of a real estate investment trust scheme which will provide opportunities for individual and institutional investors to participate in the Nigerian real estate sector.

As one of the major sponsors of the conference, FBNQuest Asset Management called on Nigerians in Diaspora to offer strategic expertise in their various endeavours to impact the country with knowledge and financial capacity, especially by way of investment.

“We want to partner with the Diaspora community through NIDO and its members. As a member of one of the leading financial services groups in Africa, we are well-positioned to serve the diaspora community professionally and to ensure their aspirations in the area of maximising investment returns are fulfilled,” Onyia concluded.

Meanwhile, the asset management arm of the FBN group is one of the leading asset managers in Nigeria for individual and institutional investors, which guides clients through Africa’s dynamic markets, while identifying the best opportunities to shape portfolios in line with specific investment goals.

Endurance Okafor