DAWN Commission Partners with EOYNA for Investments

The DAWN Commission has entered into a partnership with the Yoruba in North America (EOYNA) to facilitate investments in Southwest Nigeria. This initiative, announced by DAWN Commission's Director General, Dr.

Sey Oyeley, aims to channel diaspora capital into three priority areas: startups, real estate, and Nigerian government bonds. The partnership will be managed by Synergi, EOYNA's investment arm, which will direct investments into sectors that open opportunities for youth skills development.

The DAWN Commission has already established a technology hub in Ibadan, Oyo State, to incubate business ideas funded by diaspora capital at single-digit interest rates. Oyeley emphasized that profit is not the primary motivation for this investment; rather, it aims to support economic growth in Southwest Nigeria.

The partnership addresses concerns from the Yoruba diaspora regarding the effective use of remittances sent home, ensuring that investments have a tangible impact. A memorandum of understanding was signed to formalize this collaboration.