that amount is good enough to solve some of our little problems

Aufbauh:
All these bogus figures ehnn...i tire!
How have this help the condition of the common man in the street?

I think their remittance is due largely to the huge differentiate in FX, as a man who earns $200/day abroad can comfortably do something wonderful in Nigeria this time.

Which work will pay you $200 a day? Minimum wage is less than $8 bro. Most Non professionals earn that amount from regular job. Rent is $500 per month for a single room. If you own a car, that is another case entirely.

I suspect some.of it is looted Nigerian Oil dollars hidden overseas, now being sent back slowly along the long route ,cloaked as random remittances.
Of course i am sure a few billion of it is legit from hard working Nigerians all over the world. So many Nigerians around the world. Enough of them to account for billions of $ a year. But also so much loot sent out of Nigeria, enough to account for billions covertly sent back in guise of innocent remittances.

Martins301:


You brain needs serious rewiring. Is the government the owner of these various news outlets? Is the government their publisher or Editor in chief? You read stuff online and you claim government is dishing out propaganda instead of focusing on the writer. I hail o

who is Abike Dabiri? Who is giving the details? Who does Abike Dabiri work for?

doe they even consider whether you are employed?

2sexynet:
who is Abike Dabiri? Who is giving the details? Who does Abike Dabiri work for?

Rhetorical questions

Mere looking at your composition, one cannot but wonder if you passed through school

You want to teach me public finance. Shior

mykelly:
the amount in question is not generated be the government, be guided

God bless them



Me to go dey there one day
Sending dollars home

majority of our youths are not working there are no job no work yet they are billed to pay tax. my concern and question is this, what if someone living abroad that volunteer to help this youth where will he or she get the tax clearance to process his or her passport? aduke abi abike you should answer the question.

EastGold:
When you hear the amount of money generated by this government and juxtapose it with their inability to meet their obligations as and when due, you can't but ask where goes the money?

I hope you are not thinking that remittances by Nigerians in diaspora form part of the government revenues.

If you remit money to your siblings at home, it is for your siblings to spend not for government.

80% of the funds are from internet fraudsters.. god bless their creativity..

martineverest:
the brain-drain is helping the economy,tho

see..
better brain-drain than brain-clogging!

EastGold:
When you hear the amount of money generated by this government and juxtapose it with their inability to meet their obligations as and when due, you can't but ask where goes the money?

Mumu....money remitted by individuals from overseas is different from government revenue

Bondesniger:
that amount is good enough to solve some of our little problems

yep..enough to build 3 new refineries (like dangote is planning to build @ 9billion $)

grandstar:
I very much doubt these figures but they could be true.

This is massive profits in the hands of banks as they pay out at the official rate but sell at the black market one.

The commercial banks don't even get hold of these monies, na cbn dey cash am. Yet foreign reserve is still hovering between 24 to 25billion dolls!

Tomorrow somebody will come n shout buhari has integrity.

dollar come don small na,matter full South Korea o

that's because the world has planned your lives for you, that quote doesn't apply to me cause I dont desire none of them,this is why the Scriptures says you shall know the truth and it shall set you free from the world, from this things people are dying to do

Atiku2019:
Thank You Nigerians in Diaspora.....

Good Morning Nairalanders

annunaki2:
Yet the naira keeps crashing, this buhari's government is even more clueless than I thought.

Yes, because we are still sending the forex out through our numerous importations

mlanreh:
With the rate at which the citizens are complaining I wonder what Buhari led administration z really doing with all the money derived from
All the money saved from subsidy to Money gotten from Corrupt individuals to internal generated funds and now $35bn remittances from those living outside d country. At this point I wonder what d future will look like under the president.

The remitted 35bln$ does not belong to the government, so it is not for President Buhari to do something with.

Is he supposed to lay claim on people's personal remittances to develop the country?

Clone2020:
While this is impressive, it's still a travesty how Western Union and other remittance companies are taking advantage of Nigerians living abroad. They exchange at a rate of 375/$ plus fees which actually decrrases the rate to around 345/$, they take that same dollars and sell it t the black market at the rate of 490/$. If this is not exploration then I don't know what is.

If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 410/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. See my contact below.

It seems to me that you're doing the same thing as WU, MG and the likes.... just that your margins are less. Right?

I didn't pass through school sir but in the school you attended am so sure you must have been taught what is called 'typographical error'. If not google is your friend

EastGold:
Mere looking at your composition, one cannot but wonder if you passed through school

You want to teach me public finance. Shior

EastGold:
Mere looking at your composition, one cannot but wonder if you passed through school

You want to teach me public finance. Shior

moreover sir, what you called composition could best be called a sentence.

battleaxe:


It seems to me that you're doing the same thing as WU, MG and the likes.... just that your margins are less. Right?

No actually, I use it to export cars, used car engines and other merchandise.

EastGold:
Mere looking at your composition, one cannot but wonder if you passed through school

You want to teach me public finance. Shior

also, remittances from nationals abroad does not form part of what is called Public finance Mr Composition

Pesuzok:


Yes, because we are still sending the forex out through our numerous importations

especially the most useless of them all: dstv and others

do you know that their subscriptions dumps over 200 billion in exchange for dollars every january?
and Thats just premiere league viewing rights O!

this country will die from importing everything!

see the stupid american university imported by Atiku!!!

soon we go import shit and piss too!
GOSH!
Nigeria INDUSTRIALIZE your economy SMALL