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United Bank for Africa (UBA) Plc has announced plans to strengthen collaboration with the Nigerians in Diaspora Commission (NiDCOM) to drive diaspora-led investment into Nigeria’s economy.
The initiative was highlighted during a strategic engagement at UBA’s UK office, where the bank’s Group Managing Director/CEO, Oliver Alawuba, hosted NiDCOM representatives led by its Chairman/CEO, Abike Dabiri-Erewa.
The meeting follows the launch of UBA’s Diaspora Banking platform, designed to provide Africans living abroad with a seamless way to bank, invest, and manage financial commitments in their home countries. The platform signals a shift from traditional remittance services toward structured wealth creation and long-term investment opportunities.
Alawuba emphasised the growing importance of the African diaspora as a key driver of economic development, describing it as a community of “builders” shaping the continent’s future. He noted that UBA aims to serve as a trusted bridge, connecting diaspora communities with viable investment opportunities across Africa.
He added that the bank’s global network and financial solutions are tailored to help diaspora clients navigate investment opportunities on the continent, particularly in high-growth sectors.
On her part, Dabiri-Erewa commended UBA’s continued commitment to supporting Nigerians abroad and praised the impact of its diaspora-focused initiatives. She also called for a stronger emphasis on showcasing positive stories of Nigerians excelling globally, noting that such narratives can inspire greater engagement and confidence.
She reiterated NiDCOM’s commitment to partnering with financial institutions to create policies and programmes that encourage diaspora participation in national development.
The collaboration reflects a broader effort to align public and private sector strategies in unlocking diaspora capital, which is increasingly seen as a critical source of long-term financing for Nigeria’s growth.
UBA, with operations across 20 African countries and key international markets including the United Kingdom and the United States, is positioning itself as a central player in facilitating cross-border transactions, enabling investment flows, and connecting global Africans to opportunities within the continent.
With over 45 million customers worldwide, the bank continues to leverage technology and its expansive footprint to deepen financial inclusion and support Africa’s evolving economic landscape.
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