Thursday, July 9, 2015

Nigerians In Diaspora Remit $63.17 billion In 4 Years Says NIDO

The Nigerians in Diaspora Organisation (NIDO) on Thursday said its members remitted about 63.17 billion dollars (N10.35 trillion) into the country between 2011 and June 2014.

Dr George Manuwuike, the Chairman Board of Trustee of NIDO, stated this in Abuja during a news conference on the Diaspora Day 2015 scheduled to hold from July 23 to July 27 in Abuja.

Manuwuike said that the Diaspora remittance was second only to oil and gas revenue as the highest foreign exchange injection to the Nigerian economy.

“As the umbrella organisation of Diaspora Nigerians, we are proud to associate with the phenomenal amount that Nigerians living abroad have been bringing to the national economy.

“Recently, the World Bank reported that between 2011 to June 2014, Nigerians in the Diaspora had remitted about 63.17 billion dollars (N10.35 trillion) into the country.

“In terms of remittance from her citizens living abroad, Nigeria was ranked five globally next to China, India, Philippines and Mexico,” he said.


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