• Home
  • All news
  • Team
  • About
  • Contact
  • Privacy Policy
  • My account
Friday, June 6, 2025
Media Bypass News
No Result
View All Result
No Result
View All Result
Media Bypass News
No Result
View All Result
Home Business & Finance

CBN Governor vows to increase inflow of Diaspora remittances

Oluwaseun Sonde by Oluwaseun Sonde
2 years ago
in Business & Finance
0
CBN Governor vows to increase inflow of Diaspora remittances
233
SHARES
92.8k
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

The Governor, Central Bank of Nigeria (CBN), Dr. Olayemi Michael Cardoso, has pledged to look into the high charges on remittances inflow to Nigeria for a robust economy.

Cardoso gave the assurances during a strategic meeting, led by Hon. Abike Dabiri-Erewa, the Chairman/CEO and Management of Nigerians in Diaspora Commission (NiDCOM), to the CBN headquarters, in Abuja on Tuesday.

Cardoso expressed concerns over the staccato status of remittances and assured that investigations would be carried out and necessary actions taken to ensure Nigeria remains the highest receiver of remittances in Sub-Saharan Africa after Egypt.

According to World Bank statistics, in 2022, diaspora remittances stands well over $22billion dollars to Nigeria.

The CBN Governor commended NiDCOM’s progress and initiatives under four years and called for deepened synergy between the two organizations, “any bottleneck to remittances will be taken out”, he stated.

Earlier, Dabiri-Erewa has lamented on the high tax rate on remittances noting that Nigeria has the highest rate.

“I believe Diaspora remittances can be improved if the challenges can be looked into and addressed,” she added.

The NiDCOM Boss called on the leadership of the Bank to partner with NiDCOM in its numerous initiatives like the National Diaspora Policy, which the CBN is a major stakeholder.

Also, Diaspora Data Mapping, Nigerian Diaspora Investment Trust Fund, Diaspora Quarterly Lectures, Badagry Door of Return and Nigeria Diaspora Investment Summit to mobilize and increase Diaspora Remittances.

Tags: Abike Dabiri-ErewaCBN GovernorNIDCOMOluyemi Cardoso
SendShareTweet
Previous Post

390,000 jobs of $16m daily income losses in Gaza, West Bank

Next Post

Zulum donates 100 bags of rice, beans, 10 cows to Corps members

Oluwaseun Sonde

Oluwaseun Sonde

Managing Editor, Nigeria, a renowned journalist with multitask functionality, member of the Association of Corporate Online Editor (ACOE). Email: admin@mediabypassnews.com

Next Post
Zulum donates 100 bags of rice, beans, 10 cows to Corps members

Zulum donates 100 bags of rice, beans, 10 cows to Corps members

Please login to join discussion

Stay Connected test

  • 500 Subscribers
  • 23.9k Followers
  • Trending
  • Comments
  • Latest

Elected AGSOSA Exco pays courtesy visit to BoT Chairman, Alma Mater

June 6, 2025

Toughest days are behind us, Tinubu tells Nigerians on Eid-el-Kabir

June 6, 2025

AU reacts as US places entry restriction to citizens of 12 countries

June 5, 2025

Over 1.6 million Pilgrims participate in 2025 Hajj

June 6, 2025

Toughest days are behind us, Tinubu tells Nigerians on Eid-el-Kabir

June 6, 2025

Elected AGSOSA Exco pays courtesy visit to BoT Chairman, Alma Mater

June 6, 2025

NIMC clarifies Police claim over denial to access NIN verification

June 6, 2025

Tinubu orders reinstatement of collapsed culvert in Mokwa, Niger

June 6, 2025

Recent News

Toughest days are behind us, Tinubu tells Nigerians on Eid-el-Kabir

June 6, 2025

Elected AGSOSA Exco pays courtesy visit to BoT Chairman, Alma Mater

June 6, 2025

NIMC clarifies Police claim over denial to access NIN verification

June 6, 2025

Tinubu orders reinstatement of collapsed culvert in Mokwa, Niger

June 6, 2025
Media Bypass News

We bring latest unbiased news and updates straight to your devices. As storytellers, we strive to deliver content on variety of topics from all over the world. Stay tuned

Follow Us

Browse by Category

  • Accident & Disaster
  • Breaking News
  • Business & Finance
  • Campaign & Elections
  • Classified
  • Climate
  • Conflict & War
  • Corruption
  • Crime
  • Education
  • Energy & Power
  • Entertainment
  • Event
  • Fashion
  • Food
  • Gender
  • General information
  • Health & Fitness
  • Interview
  • Lifestyle
  • News
  • Opinion
  • Personality
  • Photonews
  • Politics
  • Press Release
  • Property & Road
  • Protests & Riots
  • Religious
  • Society & Culture
  • Sports
  • Technology
  • Transport & Aviation
  • Travel & Tourism
  • Uncategorized

Recent News

Toughest days are behind us, Tinubu tells Nigerians on Eid-el-Kabir

June 6, 2025

Elected AGSOSA Exco pays courtesy visit to BoT Chairman, Alma Mater

June 6, 2025
  • About
  • Privacy & Policy
  • Contact

© 2022 Media Bypass News - Designed by Petertechy Innovations.

No Result
View All Result
  • Home
  • All news
  • Team
  • About
  • Contact
  • Privacy Policy
  • My account

© 2022 Media Bypass News - Designed by Petertechy Innovations.

https://mediabypassnews.com/wp-content/uploads/2025/05/samak.mp4

WhatsApp us