Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, has commended the Central Bank of Nigeria (CBN) on the introduction of “NAIRA 4 DOLLAR SCHEME” for Diaspora Remittances.
In a statement by the Head, Media and Public Relations Unit (NIDCOM), Abdur-Rahman Balogun, Dabiri-Erewa said that the scheme was a welcome idea, adding that the policy would encourage Diasporans to send money through official channels.
She said the CBN’s Naira 4 Dollar scheme was an incentive for senders and recipients of International Money Transfer whereby recipients of Diaspora Remittances through CBN licensed International Money Transfer Operators
(IMTOs) shall be paid N5 per every dollar received as remittance inflow.
The NIDCOM boss said the policy, if well implemented, would positively impact
the economy of the country.
She said NIDCOM was finalising a Nigerian Diaspora investment fund through which Nigerians in the Diaspora could structure and channel their investments, adding that the response of Nigerians abroad to the Nigerian Diaspora investment summit had been very encouraging and impactful.
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