The Central Bank of Nigeria has launched a series of engagements with the Nigerian diaspora to optimise remittance flows into the country.
This was according to a statement from the apex bank on Thursday. The statement read, “In a strategic move to harness the economic potential of Nigeria’s diaspora, the Central Bank of Nigeria has led a combined team of the Nigeria Inter-Bank Settlement System, major Nigerian banking institutions, and International Money Transfer Operators, to engage with the Nigerian Diaspora community in Houston, Texas, United States of America at a forum.”
Speaking during a forum in Houston, Texas, titled “Optimising Remittances to Nigeria: A Vision for the Future,” the Deputy Governor of the CBN (Economic Policy), emphasised the bank’s commitment to enhancing remittance inflows, which play a critical role in Nigeria’s financial stability.
At the forum, Abdullahi reiterated the CBN’s target to double the volume of capital inflows and diaspora remittances to Nigeria.
He noted that the apex bank is committed to “strengthening macroeconomic fundamentals to create an enabling environment where the private sector can thrive and generate quality jobs for Nigerians.”
