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Nigeria urged to channel diaspora remittances into productive sectors

Original: ZAWYA: Diaspora remittances: Experts urge Central Bank of Nigeria to redirect capital into productive sectors

Economists and policy experts are calling on the Central Bank of Nigeria to find ways of steering the large volume of diaspora remittances flowing into the country towards productive investment rather than household consumption. They argue better policy direction could turn these inflows into capital for businesses, infrastructure and job creation.

Why now: Nigeria relies heavily on remittance inflows, and debate over how to convert them into economic growth has gained fresh attention.

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• ZAWYA: Diaspora remittances: Experts urge Central Bank of Nigeria to redirect capital into productive sectors · TradingView

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