bikerboy1:
And someone said that Nigerian youths are lazy, abi you think this money being remitted are from people above 60

Haba!!! Bubu use your head next time. #NigerianyouthsareNOTlazy

franudi:
These diasporans are mostly biafrans.

kaen1317:
Hardworking Igbo's. They deserve some accolades

ChidiAlaigbo:


Nonsense! Where us your statistics.

Come to UK and see the sheer number of Yoruba professionals, Yankee nko?

Always trying to measure dick with your masters.

MadamT:
I’ve been remitting money for more than 30 years and have used various money transfer organisations over the years to remit money to Nigeria.

Not once, have I or any Nigerian abroad ever been asked to state our tribe before we can remit money home. If anyone knows any different, they can present the facts here.

When we go to Western Union or wherever you go to send your money, you present (or would have presented) your ID, usually a current passport. No Data is collected regarding tribe. You send money as a Nigerian, or whichever nationality you hold, - to Nigeria. That’s it. No data is collected from us here to do with tribe. We just send money to Nigeria that’s all. So no one should come and claim that one tribe is the most hardworking, therefore remits money the most!

Saintsquare:
You need understand inferiority complex has taken a better part of some, hence the dick measurement

Cooly100:


Continue deceiving yourself...that people don't know the region that remits most...

If it were your region now this thread would have reached 5 pages by now...

Alexchubee:
Yahoo boys loot included..

Saintsquare:
OK your region remits most, happy now?

Favbolu:
God plz make me a Nigerian living in diaspora.

Ebeano49:


Be careful what you wish for

Truth234:
Nigerians living outside the country remitted $22 billion in 2107, according to the data published by the World Bank on Monday. The amount is 16.4 percent higher than the amount sent home in 2016.

The total amount sent home reached a new record-high in 2017, however, the costs of transferring funds also surged, the report noted. The better than expected rebound in remittances, used in supporting economic activities in poor nations, was bolstered by growth in the United States, Europe, and Russia.

Also, the total remittances to low and middle-income nations rose from $429 billion in 2016 to $466 billion in 2017, an increase of 8.5 percent. While remittance inflows improved in all regions, the largest inflows were from India with $69bn, followed by China ($64bn), the Philippines ($33bn), Mexico ($31bn), Nigeria ($22bn), and Egypt ($20bn) in 2017.

The global average cost of sending $200 was put at 7.1 percent in the first quarter of 2018, and sub-Saharan Africa remains the most expensive at an average cost of 9.4 percent.

“While remittances are growing, countries, institutions, and development agencies must continue to chip away at high costs of remitting so that families receive more of the money,” said Dilip Ratha, lead author of the report.

By region, Europe and Central Asia saw the largest jump in 2017, rising by 21 percent, while Sub-Saharan Africa climbed by 11 percent in the same year.

http://investorsking.com/diasporans-remit-22-billion-in-2017/

humilitypays:
I said it that if not for Nigerians living abroad and the ever hardworking Nigerian youths engaging in legal online freelance jobs thereby bringing in huge FOREX into Nigeria, the recession would have continued till 2020 or beyond.

Nigerians are very hardworking and creative people. Despite the useless leaders and governments they have had over the years, you can't take away the fact that Nigerians are super hardworking and creative.

But sadly, since 2016, CBN increased the bank charges on funds sent from abroad for no justifiable reason and still we can't see what they use these taxes for.

Sometimes I imagine how great Nigeria would have been if we had visionary leaders who are not selfish, wicked, clanish, tribalistic and corrupt like the government we have in power now, seriously, Nigeria would have been like Australia

omoola007:
That's about N7.9 trillion about same as Nigerian budget. So without this money. The economy would be comatose. Mind you this is the trackable amount there is probably about half that out that's informal.

One day we will garner our resources and build Nigeria.

nonix22:
what's the significance of this to the economic advancement of Nigeria

Financial Analyst help us break it down please

bikerboy1:
And someone said that Nigerian youths are lazy, abi you think this money being remitted are from people above 60

Haba!!! Bubu use your head next time. #NigerianyouthsareNOTlazy

great664:
Why only Nigerians living abroad?

What about Freelancers living in Nigeria that are using same remittance to receive their earnings?

What about Bloggers using Adsense and other ad agencies

Also, remember Yahoo guys as well as yahoo plus people too.

Please give every party their due respect

MIKOLOWISKA:
Nigeria's gdp is about 80 trillion.w can survive without oil and remittances

Cooly100:


Ogbeni forget UK...Igbos be your god for this one...


You are more ONLY in UK...

What about US, Canada, Russia, France, Sweden, Germany, Italy, Japan, South Korea, Australia, New Zealand, South Africa, Malaysia, Indonesia, China, India, Brazil, Spain Holland...etc,etc,

Please take you dick measuring somewhere else.

BigIyanga:

Zombie and lazy reasoning.

MadamT:
I’ve been remitting money for more than 30 years and have used various money transfer organisations over the years to remit money to Nigeria.

Not once, have I or any Nigerian abroad ever been asked to state our tribe before we can remit money home. If anyone knows any different, they can present the facts here.

When we go to Western Union or wherever you go to send your money, you present (or would have presented) your ID, usually a current passport. No Data is collected regarding tribe. You send money as a Nigerian, or whichever nationality you hold, - to Nigeria. That’s it. No data is collected from us here to do with tribe. We just send money to Nigeria that’s all. So no one should come and claim that one tribe is the most hardworking, therefore remits money the most!

kabarka:


Madam, if I want to receive money from abroad to nigeria via western union.what do I do?

grandstar:


Use worldremit.com.

Best in the world, low fees (£2.99) and direct into your account!

yinkeys:

Please do expect the same exchange rate in naira that shows on worldremit site
I don't know the $ to naira exchange rate of recieve when using worldremit