Remittances by Nigerians in diaspora soars to $25 billion in 2018

According to a report by PricewaterhouseCoopers (PwC), the inflow of remittances by Nigerians in Diaspora rose to an estimated $25 billion in 2018, making it the highest in sub-Saharan Africa. Currently, Nigeria is one of the top five nations with high remittance inflows globally.

The report titled ‘Nigeria Economic Outlook-top 10 themes to watch out for in 2019’, revealed that the record level of diaspora remittance to Nigeria represents 6.1 percent of Gross Domestic Product (GDP), and translates to 83 percent of the federal government budget in 2018.

Source: Ventures Africa. Read full article here