By Taofeek LAWAL, Abuja
The Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Honourable Abike Dabiri-Erewa has commended the Central Bank Of Nigeria (CBN) on the introduction of ‘NAIRA 4 DOLLAR SCHEME’ for Diaspora Remittances., following its (CBN) policy of remittance issuance in the currency of remittance.
Dabiri-Erewa said that the scheme is a welcome idea as the policy will encourage Diasporans to send money through official channels.
The CBN ‘Naira 4 Dollar’ scheme is an incentive for senders and recipients of International Money Transfer whereby recipients of Diaspora Remittances through CBN licensed International Money Transfer Operators (IMTOs) shall be paid N5 per every dollar received as remittance inflow.
The NIDCOM chairman said the policy, if well implemented, will positively impact on the economy of the country.
She said NIDCOM is finalising a Nigerian diaspora investment fund through which Nigerians in diaspora can structure and channel their investments while adding that the response of Nigerians abroad to the Nigerian Diaspora Investment Summit has been very encouraging with positive impact.
