United Bank for Africa Plc and the National Identity Management Commission have agreed to deepen collaboration aimed at mobilising diaspora capital and strengthening financial inclusion and investment opportunities for Nigerians at home and abroad.
The announcement was made in Abuja during a formal meeting between the two institutions.
The collaboration is part of broader efforts to enhance engagement with Nigeria’s diaspora population. The diaspora contributes remittances and foreign exchange inflows into the Nigerian economy.
United Bank for Africa (UBA) is a pan‑African financial services group with operations in multiple countries.
The National Identity Management Commission (NIDCOM) is the government agency responsible for identity management and the National Identity Number (NIN) system.
Officials from both institutions said the partnership seeks to leverage identity infrastructure and financial platforms to improve access to services for Nigerians overseas.
Speaking at the meeting, UBA Group Chairman Tony Elumelu said the collaboration with NIDCOM will support strategies to unlock capital held by Nigerians in the diaspora and channel it into investments that benefit the domestic economy.
Elumelu said:
“The collaboration with NIDCOM will help provide a pathway for Nigerians in the diaspora to invest in the country through our platforms.”
He added that enhanced data and identity verification tools will make it easier for diaspora investors to engage with financial products and opportunities in Nigeria.
From NIDCOM’s side, Director‑General Aderemi Adewolu said the partnership will focus on integrating identity management systems with financial infrastructure to facilitate diaspora engagement.
Adewolu said:
“Using secure and verifiable identity data will help create confidence in cross‑border financial flows and diaspora investment.”
The meeting brought together senior executives from UBA and officials from NIDCOM to discuss ways to operationalise the collaboration.
The partnership is aimed at enhancing financial inclusion and expanding access to banking and investment products for Nigerians living abroad.
Strengthening identity frameworks and cross‑border financial interaction could support smoother transactions involving diaspora investors.
Officials said the collaboration is expected to improve channels for remittances and long‑term investment flows into Nigeria.
