ANNUAL remittances by the Nigerian diaspora worldwide fell by about 20% over the last year as a result of the economic crisis precipitated by the global coronavirus pandemic cutting into the expected figure of $25bn.
Historically, Nigeria has always been among the top five countries in the world when it comes to remittances...
DIASPORA remittances to low and middle income countries fell by 1.6% to $540bn last year from $548bn as a result of the impact of the coronavirus pandemic with Nigeria being mainly responsible for a 28% drop witnessed across Africa.
According to recent data from the World Bank, diaspora remittances fell by 27% year-on-year...
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