DAWN Commission Partners with EOYNA for Investments

The DAWN Commission and the Yoruba in North America (EOYNA) have formed a partnership to facilitate investments in Southwest Nigeria, particularly in real estate and technology sectors. Dr. Sey Oyeley, the Director General of the DAWN Commission, stated that the partnership aims to channel diaspora capital into three priority areas: startups, real estate, and Nigerian government bonds.

The initiative will be managed by Synergi, EOYNA's investment arm, which will direct investments and provide mentorship to young Nigerian entrepreneurs. 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.

This partnership addresses concerns from the Yoruba diaspora about the diversion of funds sent home for social ceremonies rather than development. A memorandum of understanding was signed between DAWN and EOYNA, with Prof. Adeboy Adejar and Segun Balogun involved in the initiative to create a trust layer for investments back home.