World Bank: Nigeria, others got $49b remittances in one year

The World Bank said remittance inflows to Nigeria and other Sub-Saharan Africa countries soared 14.1 per cent to $49 billion in 2021 following an 8.1 per cent decline in the prior year.
 
The World Bank’s latest Migration and Development Brief released at the weekend said recorded inflows showed that Nigeria was the largest recipient country in the region. The country gained 11.2 per cent, in part due to policies intended to channel inflows through the banking system. Growth in remittances was supported by strong economic activity in Europe and the United States…
 
More details through:
https://thenationonlineng.net/world-bank-nigeria-others-got-49b-remittances-in-one-year/