Annual Remittances From Nigerians In Diaspora Hit $21bn – FG | Independent Newspapers Limited
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Annual Remittances From Nigerians In Diaspora Hit $21bn – FG

Nigerians in Diaspora Organisation (NIDO)
Posted: Jul 20, 2016 at 6:09 pm   /   by   /   comments (0)

*Approves waivers ?for drugs, others for IDPs

Innocent Oweh

Abuja – The Federal Government has acknowledged that financial remittances accruing from Nigerians in Diaspora to boost the local economy was in the average of $21billion in the last one year.

These funds represent foreign currencies, which Nigerians in the Diaspora send to Nigeria to support family livelihood and by extension, helping to stimulate the economy.

This development has prompted the Federal Government’s recent approval for waivers for drugs, roofing sheets and other items imported into the country by Nigerians in Diaspora to aid Internally Displaced Persons (IDPs), for youth empowerment as well as assisting enterprises.

Government has also insisted that henceforth, it will only partner with Nigerians in Diaspora especially those coming with solutions and are ready to contribute to national development, rather than those that talk down on Nigeria.

Olakunle Bamgboshe, Permanent Secretary Political Affairs, Office of the Secretary to the Government of the Federation, made the disclosure on Wednesday, at an interactive forum to intimate the media of activities lined up for the 2016 Diaspora Day.

He said unlike the past where it was all speeches, empty promises and talking down on the country and projecting the problems rather than solutions, this event will be solution driven.

He said, “this year’s conference will take a complete departure from our past experiences, when our nationals, come home, only to highlight the challenges that confront our nation. The government and citizens of Nigeria at home are not ignorant of challenges as a nation. What our nation requires are solutions to specific problems.

“This year’s conference, in essence, will focus on obtaining firm commitments from Nigerians in the Diaspora, directed at solving some of our national challenges.

“This administration is ready to partner with Nigerians in Diaspora on how they can assist Internally Displaced Persons (IDPs) in the North-East Region; on how through medical interventions they can improve healthcare delivery across the country and on how they can assist government in youth empowerment and employment generation.

“I am happy to confirm that already, we have received commitments from Nigerians in line with the new thinking. We intend to obtain more commitments during the conference and as follow-up ensure that such commitments are redeemed”.

According to Bamgboshe, this year’s conference will start on Sunday, July 24, while Vice President Yemi Osinbajo will declare it open on Monday, with the Ministers of Finance and Foreign Affairs making presentations amongst other speakers.

He added, “Let me assure you that the Federal Government ?will continue to partner with our compatriots outside the country. This is because we appreciate the invaluable contributions they continue to make towards the growth and development of the nation. This partnership is more critical today that we pursue a total national


A total of 300 participants are expected at the conference with 170 already registered, government will be responsible for their accommodation and transportation logistics from the airport to the hotels and conference venue as well as logistics for those proceeding to states for medical missions and empowerment programmes.

It was the President Olusegun Obasanjo’s administration (1999-2007) that established the Nigerians in Diaspora Organisation (NIDO) as anumbrella organisation, identified by government to represent the interests of Nigerian professionals overseas, and. Indeed, interests of all Nigerians in the Diaspora.

This is in recognition of the immense contributions that these Nigerians make to national developments; and to encourage them even to do more.