- UBA, NiDCOM Strengthen Ties to Drive Diaspora Wealth Creation
- Reinforces Role as Bridge Between Diaspora and Africa
- Diaspora Key to Nigeria’s Economic Growth – Alawuba
United Bank for Africa (UBA) has reaffirmed its commitment to strengthening economic ties between Nigerians abroad and the home economy, with a renewed focus on diaspora-driven investment.
Eko Hot Blog reports that the bank’s Group Managing Director and CEO, Oliver Alawuba, made this known while hosting officials of the Nigerians in Diaspora Commission (NiDCOM), led by its Chairman, Abike Dabiri-Erewa, at UBA’s UK office in London.
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The meeting comes shortly after the launch of UBA’s Diaspora Banking platform, a digital solution designed to help Africans living abroad seamlessly manage their finances, invest, and stay connected to opportunities back home.
Speaking during the engagement, Alawuba described Nigerians in the diaspora as a powerful economic force, noting that they are not just contributors through remittances but key players in shaping the continent’s future.
He said the new platform is aimed at moving beyond traditional remittance services to support structured wealth creation and long-term investments across Africa.
According to him, UBA is positioning itself as a trusted partner that understands the needs of Nigerians abroad and can help them tap into high-return opportunities within the African market.
He also encouraged members of the diaspora to take advantage of the continent’s growing economic potential, assuring them that the bank’s global network and financial solutions are designed to make cross-border transactions and investments easier.
On her part, Dabiri-Erewa commended UBA for its consistent support for Nigerians abroad and its efforts to create innovative solutions that strengthen diaspora engagement.
She highlighted the importance of changing the narrative around Nigerians in the diaspora, noting that many are excelling globally and contributing meaningfully to development.
Dabiri-Erewa also called for stronger collaboration between the public and private sectors to create policies and initiatives that encourage more Nigerians abroad to invest and participate in the country’s economic growth.
The discussions underscored UBA’s role as a bridge between Africa and the global community, particularly in facilitating cross-border payments, unlocking investment opportunities, and connecting diaspora businesses to markets across the continent.
With operations in 20 African countries and offices in major global markets including the UK, the United States, France, and the United Arab Emirates, UBA continues to expand its footprint while serving over 45 million customers worldwide.
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