- UBA Targets Diaspora Wealth as Growth Engine for Nigeria’s Economy
- Strengthen Diaspora Ties
- UBA Positions Itself as Financial Bridge for Nigerians Abroad
United Bank for Africa is stepping up efforts to position itself as a key financial link between Nigerians abroad and the domestic economy, deepening its collaboration with the Nigerians in Diaspora Commission (NiDCOM) to transform diaspora engagement into structured economic growth.
Eko Hot Blog reports that the renewed partnership was highlighted during a high-level visit to the bank’s United Kingdom office, where UBA’s Group Managing Director and CEO, Oliver Alawuba, hosted a delegation led by NiDCOM Chairman, Abike Dabiri-Erewa.
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The engagement comes at a crucial time, following the rollout of UBA’s Diaspora Banking platform, a digital system designed to go beyond simple money transfers and unlock long-term investment opportunities for Nigerians living abroad.
Speaking during the meeting, Alawuba stressed that Nigerians in the diaspora should no longer be seen only as sources of remittances, but as serious investors with the capacity to shape economic growth on the continent.
“With UBA, you have a financial partner that understands your journey and can support you to realise your aspirations both abroad and back home,” he said.
“You are not limited here; you have opportunities on the continent… Whether you like it or not, the returns are high in Africa, and we are here to help you navigate that space.”
On her part, Dabiri-Erewa commended the contributions of Nigerians abroad, describing them as critical drivers of innovation, enterprise, and national image.
“Many of you here are the real game-changers,” she said.
“For years, we heard more of the negative stories, but today we are intentionally telling the positive ones. Nigerians are doing well globally, and we must continue to celebrate them.”
The discussions also highlighted UBA’s growing international footprint, which spans over 20 African countries as well as key global markets including the United Kingdom, the United States, France, and the United Arab Emirates.
With more than 45 million customers, the bank is leveraging its scale and digital infrastructure to make cross-border banking easier, enabling diaspora Nigerians to seamlessly manage investments, mortgages, and business interests back home.
The newly introduced Diaspora Banking platform is expected to play a central role in this strategy, providing a seamless channel for wealth creation and economic participation across borders.
As the meeting wrapped up, both UBA and NiDCOM reaffirmed their commitment to aligning policy and innovation, with a shared goal of making diaspora capital a major pillar of Nigeria’s long-term economic development.
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