Abuja, Sept. 1, 2025 – The Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has praised the Central Bank of Nigeria (CBN) and Nigerians abroad for the sharp rise in diaspora remittances, describing it as a major boost to the nation’s economy.
Recent data from the CBN shows that diaspora inflows have tripled, climbing from an average of $200 million to $600 million monthly over the last two months.
In a statement signed by NiDCOM spokesperson Abdur-Rahman Balogun, Dabiri-Erewa attributed the surge to the “Renewed Hope” economic policies of the present administration and the renewed confidence of Nigerians in the financial system.
She commended the CBN Governor, Mr. Olayemi Cardoso, for introducing measures such as the Non-Resident BVN policy and ensuring a more competitive exchange rate, which have encouraged Nigerians abroad to use formal remittance channels.
“With these policies in place, diaspora remittances have not only increased but are also flowing through secure and reliable platforms,” she said, adding that NiDCOM would sustain initiatives like the Nigerian Diaspora Investment Summit, National Diaspora Day, Diaspora Youth Summit, and continuous engagements with the diaspora community worldwide.
Dabiri-Erewa also hailed the patriotism of Nigerians abroad, noting that the Tinubu administration remains committed to the welfare of citizens both at home and in the diaspora.
Speaking at the Delta State–Brazil Business and Investment Roundtable in São Paulo, Cardoso confirmed the upward trend, stressing that better exchange rates and improved channels have made remitting money to Nigeria more attractive.
“Our exchange rate is becoming a lot more competitive. Those who previously sought other channels to send money back home no longer have to do so,” he explained.
Cardoso projected that inflows could rise further to $1 billion monthly by 2026 if current policies and confidence levels are sustained.
