The Minister had initiated the scheme while serving as the MD/CEO of the Federal Mortgage Bank of Nigeria.
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It was in May 19, 2019, the hitherto office of Senior Special Assistant to the President on Diaspora Affairs and the occupier, Hon. Abike Dabiri-Erewa transmuted to Nigerians in Diaspora Commission (NIDCOM) following the Senate approval and her confirmation as the Chairman/CEO of the new Commission.
At a joint news conference with other stakeholders in Abuja, Hon. Abike Dabiri-Erewa, Senior Special Assistant to the President on Foreign Affairs and Diaspora, said the summit is aimed at encouraging Nigerians in the Diaspora to channel their funds into the formal sectors.