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70 per cent of diaspora remittances to Nigeria used for family support - Osinbajo

Professor Yemi Osinbajo
Vice President, Prof. Yemi Osinbajo has said that about 70 per cent of remittances into Nigeria from Nigerians in the diaspora goes to family support, while only 30 per cent went into investments.
Osinbanjo made the remarks at a virtual event themed: ”The New CBN CX Policy and Positive Impact to Diaspora Investments in Nigeria”, organized by Fidelity Bank Plc, on Saturday, in Lagos.
Osinbajo, a special guest at the webinar, was represented by Ms Yewande Sadiko, the Managing Director and Chief Executive Officer of the Nigerian Investment Promotion Council (NIPC).
He said that diaspora remittances had continued to surpass oil revenue, translating to sometimes as high as six per cent of Gross Domestic Products (GDP). ....

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Osinbajo, Emefiele for Fidelity Bank diaspora webinar series

Osinbajo, Emefiele for Fidelity Bank diaspora webinar series
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