{"id":59699,"date":"2025-01-17T18:52:44","date_gmt":"2025-01-17T18:52:44","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=59699"},"modified":"2025-01-17T18:52:44","modified_gmt":"2025-01-17T18:52:44","slug":"nigerias-diaspora-remittances-exceed-90bn-in-five-years","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/01\/17\/nigerias-diaspora-remittances-exceed-90bn-in-five-years\/","title":{"rendered":"Nigeria\u2019s Diaspora Remittances Exceed $90bn in Five Years"},"content":{"rendered":"<p><strong><em>By Alexis Uchendu<\/em><\/strong><\/p>\n<p>The Nigerians in Diaspora Commission (NiDCOM), has revealed that remittances from Nigerians abroad have surpassed $90 billion in the last five years, highlighting their crucial role in the country\u2019s economic growth.<br \/>\nNiDCOM Chairman, Abike Dabiri-Erewa, disclosed this during the commission\u2019s 2025 budget defence before the National Assembly Joint Committee on Diaspora.<br \/>\nShe noted that in December 2024 alone, remittances reached \u20a660 billion, with expectations for further growth.<br \/>\n\u201cThe diaspora is a powerful resource we cannot ignore. They are Nigeria\u2019s top ambassadors, and their contributions continue to shape our economy,\u201d she said.<br \/>\nDabiri-Erewa also cited a Central Bank of Nigeria (CBN), report showing that remittances via International Money Transfer Operators hit $4.22 billion between January and October 2024, nearly doubling the $2.62 billion recorded in the same period of 2023.<br \/>\nOn diaspora voting, Senator Victor Umeh, Chairman of the Senate Committee on Diaspora, advocated postponement until Nigeria\u2019s electoral systems become more structured, stressing the need for reliable data on Nigerians abroad.<br \/>\nNiDCOM commended CBN Governor Olayemi Cardoso for launching financial products like the Non-Resident Nigerian Ordinary Account and the Non-Resident Nigerian Investment Account, aimed at strengthening diaspora engagement.<br \/>\nDabiri-Erewa called for continued collaboration to fully harness the diaspora\u2019s potential for national development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alexis Uchendu The Nigerians in Diaspora Commission (NiDCOM), has revealed that remittances from Nigerians abroad have surpassed $90 billion in the last five years, highlighting their crucial role in the country\u2019s economic growth. NiDCOM Chairman, Abike Dabiri-Erewa, disclosed this during the commission\u2019s 2025 budget defence before the National Assembly Joint Committee on Diaspora. She [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":59700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59],"class_list":["post-59699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/59699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=59699"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/59699\/revisions"}],"predecessor-version":[{"id":59701,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/59699\/revisions\/59701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/59700"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=59699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=59699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=59699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}