Diaspora remittances near $1bn monthly as NiDCOM hails Tinubu’s reforms

From Juliana Taiwo-Obalonye, Abuja
Remittances from Nigerians abroad are approaching $1 billion monthly, with diaspora investments also rising in key sectors, the Nigerians in Diaspora Commission (NiDCOM) has said, describing the trend as an encouraging sign amid the country’s economic reforms.
The commission commended Nigerians abroad for sustaining financial support to their families and investing in the country despite prevailing economic challenges.
In a statement on Tuesday issued by the Director of Media, Public Relations and Protocols, Abdur-Rahman Balogun, NiDCOM acknowledged the removal of the petrol subsidy and unification of the foreign exchange market under President Bol...