▪ Often called 'diaspora' remittances (the word, diaspora has some negative connotation but popularly used in Nigeria for Nigerian migrants) in the world, these ten countries have received the largest remittance from their citizens abroad in 2021:
1. India
2. Mexico
3. China
4. Philippines
5. Egypt
6. Pakistan
7. France
8. Bangladesh
9. Germany
10. Nigeria


 Nigeria and Egypt are the 2 African countries that consistently feature in the top ten. Nigeria used to receive more remittances than Egypt but from 2017, this changed. Egypt has been the 5th largest recipient of remittances in the world since 2017.

▪ From 2010 to 2011, Nigeria was the 5th largest recipient; from 2012 to 2015, Nigeria was the 6th; from 2016 to 2019, Nigeria was the 7th and in 2020, Nigeria finally dropped to the 10th place. Closely following Nigeria in 11th place is Ukraine ($18.1b), this could be attributed to the Russia-Ukraine conflict.

▪ Nigeria and Egypt had both been receiving above $20bn since 2017 but in 2020, Nigeria's remittance dropped to $17.1bn. According to the World Bank, countries that experienced scarcity of foreign exchange and multiple exchange rates witnessed decline in remittance inflows as flows went to alternate mediums where better rates were offered.




https://www.youtube.com/watch?v=wn-yby3mVEw

So people are japaing from Egypt too? For Egypt to be the no.1 African country in the list, that means they have a lot of citizens in the diaspora sending money home. Either that or our people in obodo oyinbo are no longer sending money home like before. They don use over billing to drive them away

Remember to get your PVC and vote for the best candidate, H.E Peter Obi. God bless Nigeria, God bless our incoming president, PO

Hmmm

Seems people will always Migrate for greener pastures

No be small thing.

Diaspora remittance is helping lot of families back home.

W

It's continuously difficult to make remitances into Nigeria, WU, MG are all bullshit, PayPal is fvcked

Buhari keeps shouting Kwaraption Kwaraption about, with Emefiele setting us up like every cash in flow is linked to Yahoo and Drugs

Bitcoin Kwaraption
Westy UN Kwaraption
Money Grm Kwaraption
PayPal Kwaraption



.

OK

Hmmm

Make buhari bring one funny policy see how remittances go drop

Nigerians full everywhere

Alqaeda people's congress is an evil party

This is MASSIVELY MASSIVE!!

For the layman out there,
Let's break this down for y'all,
Diaspora remittance means a person living abroad sending money back to their country of origin.
In the case of Nigeria, it is members of the diaspora sending money back home.

Thanks?!
No, Don't mention.
What are members for?

Our uncles and aunties sending funds from abroad . UNa well done oo

Mexico

Pakistanis are not expatriates, they sell drugs more than Nigerian people but they're not as loud as Nigeria.







I sell beautiful sneakers at affordable prices

The remittances to Nigeria will continue to dwindle if our government, families, and friends back home continue to take for granted the hard-earned monies being sent to them. It is exhausting to see some of our people waste money on useless things, rather than making productive attempts to invest the money given.

I was expecting to see canada

Buhari factor diminished our remittances
Bubu messed up everything in Nigeria.

70% of that money is received by yahoo boys

We need to do internal remittance survey in naija too.

Billing everywhere.

Moh247:




It's continuously difficult to make remitances into Nigeria, WU, MG are all bullshit, PayPal is fvcked


.

Na Gboys cause am. 5-8 years ago, guys Dey use WU & MG steady without much hiccups. Now even if you’re sending your legit money, they will have to ask you lot of question and sometimes even hold your money from sending with you needing to call customer care time and time.

Impressive!! So what is now our Gini coefficient?

Most of it came from remittances to SW and these top 10 states with Edo state leading and all the 6 SW states in the top 10.

https://twitter.com/StatiSense/status/1603631547810254848?t=Hk_H6ZM4EXok_aTdaTKHhg&s=19


RECEIVING INT'L REMITTANCES

Household, %
1 �Edo — 25.3%
2 �Oyo — 14.2%
3 �Imo — 12.9%
4 �Ogun — 11.9%
5 �Lagos — 11.5%
6 �Ondo — 9.4%
7 �Delta — 9.3%
8 �Ekiti — 8.7%
9 �Abia — 7.3%
10 �Osun — 6.3%

�South East �South South �South West

#StatiSense
check my signature for free stuffs!

Alot of Nigerians use peer to peer to send money home. Are they being captured in all these

Moh247:




It's continuously difficult to make remitances into Nigeria, WU, MG are all bullshit, PayPal is fvcked

Buhari keeps shouting Kwaraption Kwaraption about, with Emefiele setting us up like every cash in flow is linked to Yahoo and Drugs





.

Difficult how?

Who do you know abroad?

Rubbish.

Ooopss

LegendHero:


Na Gboys cause am.

Naso but it's CBN and banks duty to make the system more secure for legit people and make it strict for scam

Add NAija boiz wey go Foreign

Tinubuwins2023e:
70% of that money is received by yahoo boys

Those ones never do anything meaningful with their ill-gotten fraud money.

Roboto11:


Difficult how?

Who do you know abroad?

Rubbish.

Funny question I have families abroad and I go abroad

Wetin dey inside travel

.