Nigerians in Diaspora spent $2.94bn to send $34.8bn to Nigerian between 2020 and 2021, World Bank reports have revealed.
The reports showed that cost of sending remittance costs into Nigeria hit at least N1.22tn ($2.94bn) in the last two years. This is according to the World Bank estimate for remittance cost into Sub-Saharan Africa. According to the global bank in its recently released report, ‘Recovery COVID-19 Crisis Through a Migration Lens: Migration and Development Brief 35,’ remittance into SSA is the highest globally…
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