Diaspora Affairs: Nigeria Moves to Formalize Remittance Channels
The Federal Government has introduced a policy package to streamline remittances by lowering fees and proposing ‘Remittance Bonds,’ aiming to route more FX inflows through official channels and support reserves and liquidity.
Additional coverage across Nigerian media and stakeholder reactions indicate that the implications of the development will be closely watched in the coming days as policy, security, and market signals evolve.
Echotitbits take: Remittances are a major FX pillar after oil. Success depends on trust: diaspora senders will follow official channels if pricing is competitive and the exchange-rate gap remains tight.
Source: The Punch – https://punchng.com/diaspora-remittances-hit-600m-monthly-dabiri-erewa-cbn/ (2026-01-22)
Photo credit: The Punch
2026-01-22 17:00:00
