Posted by: beninmwangi | March 23, 2007

Nigeria targets $20-billion Diaspora remittances

From Nigeria…

Nigeria targets $20-billion Diaspora remittances: “…The Nigerian economy will attract an average of $20-billion Diaspora remittances in the five years between 2006 and 2010.
REMI EMEKA NJOKU

Indications to this emerged from the governor of the Central Bank of Nigeria (CBN),Chukwuma C. Soludo’s recent pronouncement in Abuja that Diaspora remittances bring about $4 billion yearly.

The CBN governor who also said that foreign direct investments (FDI) and portfolio inflows were growing, while bonds were over subscribed due to high earnings in real dollar terms, revealed that capital inflows were doubling every year with about $2.5-billion recorded in 2006 from portfolio and non-oil sectors…”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: