Home Feature FBNQUEST Unveils $20m Diaspora Housing Investment Fund

FBNQUEST Unveils $20m Diaspora Housing Investment Fund


FBNQuest Asset Management, has called on Nigerians in diaspora to take advantage of its $20m Diaspora Housing Investment Fund, a closed end investment fund to be privately placed and constituted under a Trust Deed with a suitable commercial trustees to be selected.

It made the  call at the just concluded Nigerians in Diaspora (NIDOA) Global Development Conference in London, where it urged them to make use of the numerous investment opportunities available in Nigeria.
The conference presented a rare opportunity for Nigerians in the diaspora to engage in constructive and interactive sessions with key decision makers across different industries in Nigeria, encouraging stakeholders to partner and collaborate on investment schemes.

The fund would  be established through the issuance of the similitude of a real estate investment trust scheme which would provide opportunities for individual and institutional investors to participate in the Nigerian real estate sector. As one of the major sponsors of the conference, FBNQuest Asset Management called on Nigerians in diaspora to offer strategic expertise in their various endeavour to impact the country with knowledge and financial capacity, especially by way of investment.

Speaking during the conference, managing director, FBNQuest Asset Management, Mr. Ike Onyia said, “We want to partner with the Diaspora community through NIDO and its members. As a member of one of the leading financial services groups in Africa, we are well-positioned to serve the diaspora community professionally and to ensure their aspirations in the area of maximising investment returns are fulfilled.”

Speaking further Onyia said, “FBNQuest Asset Management is open to partnerships that will unlock the potential of the Nigerian diaspora community as a source of economic development. “We provide bespoke solutions to organisations and individual investors looking to setup structures that can help them achieve their investment goals. As a trusted advisor and credible partner with sound local knowledge and a rich pedigree, we will help them navigate through opportunities in the homeland,” he said. LN



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