NiDCOM BOSS COMMENDS CBN ON DIASPORA REMITTANCE SCHEME
Oru Leonard
Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, has commended the Central Bank Of Nigeria (CBN) on the
introduction of “NAIRA 4 DOLLAR SCHEME” for Diaspora Remittances.,
following its policy of remittance issuance in the currency of
remittance.
following its policy of remittance issuance in the currency of
remittance.
In a press release signed by
Abdur-Rahman Balogun, NiDCOM’s Head of Media and Public Relations Unit. Dabiri-Erewa said that the scheme is a welcome idea as the policy will
encourage Diasporans to send money through official channelsThe 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.
Abdur-Rahman Balogun, NiDCOM’s Head of Media and Public Relations Unit. Dabiri-Erewa said that the scheme is a welcome idea as the policy will
encourage Diasporans to send money through official channelsThe 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 boss said the policy, if well implemented ,will positively
impact 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 , adding that the response of Nigerians abroad to the
Nigerian Diaspora investment summit has been very encouraging and
impactful.
