WORLD BANK REPORT SHOWS DIASPORA REMITTANCE TO NIGERIA AT $19.5 BILLION IN 2023
A recent World Bank report shows that diaspora remittance to Nigeria is $19.5 billion in 2023, constituting 35 per cent of such fund transfers to sub-Saharan Africa, with decline of 2.9 per cent year-on-year. In the “Migration and Development Brief” the World Bank Group projected that global remittances are expected to grow by 2.3 per cent in 2024 and 2.8 per cent in 2025, to reach $690 billion next year. […]