Dabiri-Erewa Commends CBN on Diaspora Remittance Scheme

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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.

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About Taofeek Olayemi Lawal 164 Articles
Taofeek Olayemi Lawal is a senior correspondent with 9News Nigeria. Reporter for Women Advancement For Economic & Leadership Empowerment Foundation in Africa (WAELE). He has over 10 years experience in journalism and served as Senior Correspondent for LEADERSHIP Newspaper Abuja as well as Champion Newspaper Limited, Lagos. Contact Taofeek Olayemi Lawal by email or phone call. Phone: +234 805 307 4114, 081 0464 0001 Email: sportsesho@yahoo.com

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