✉news BusinessBanking first seen 4 h ago, last 31 min ago, peak #15
Experts urge Nigeria's central bank to channel remittances into investment
Original: ZAWYA: Diaspora remittances: Experts urge Central Bank of Nigeria to redirect capital into productive sectors
Economists and financial experts are calling on the Central Bank of Nigeria to redirect the country's large inflows of diaspora remittances into productive sectors of the economy rather than letting them go mainly to household consumption. The discussion, reported by Zawya, reflects growing concern that billions sent home by Nigerians abroad could be better harnessed for investment in areas like industry, agriculture and infrastructure.
Why now: Remittances are a major source of foreign capital for Nigeria, and debate is growing over how to convert them into productive investment.
Central Bank of NigeriaNigeriaZawyaNigerian diaspora
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- ZAWYA: Diaspora remittances: Experts urge Central Bank of Nigeria to redirect capital into productive sectors · TradingView
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