$26bn Diaspora remittances: Where are the dollars?, By Henry Boyo

It is now common for thousands of families across Nigeria to be regularly blessed with foreign exchange remittances from their children or relations, who have abandoned the country in search of greener pastures abroad. Notably, such remittances to Nigeria now reportedly exceed $25bn annually. This value exceeds 50 percent of Nigeria’s reserves of $40bn and […]

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