bluefilm:


Are you referring to local based yahoo boys or foreign based yahoo boys?

The article stated Nigerians abroad but you guys keep alluding to our local based G-boys.

SternProphet:


Are you for real?. They were remmitting money under PDP govts as well. The point is Buhari policies are attracting remittances. The money goes into building houses, running businesses and general upkeep.

KwoiZabo:
There are 2 Major reasons why this is so:

1. Nigeria's Economy is battered so more Nigerians at home feed from what they BEG from relatives abroad.
2. Since our currency has lost its value, the Foreign currency they send fetches more Nigerian Naira than when our currency was stronger.

Buhari Must Go.

ALCOHOLKILLS:
i am laughing because they remitted in dollar to earn more in naira, they only took the advantage of the dullard who brought recession to enrich their pocket and families, so how is this an achievement to people living in nigeria

ALCOHOLKILLS:
i am laughing because they remitted in dollar to earn more in naira, they only took the advantage of the dullard who brought recession to enrich their pocket and families, so how is this an achievement to people living in nigeria

Afospecialk:
PMB next level 100%

ALCOHOLKILLS:
i am laughing because they remitted in dollar to earn more in naira, they only took the advantage of the dullard who brought recession to enrich their pocket and families, so how is this an achievement to people living in nigeria

post=75982990:
PRESIDENTMUHAMMADU BUHARI ADMINISTRATION BREAKING RECORD LEFT, RIGHT AND CENTER!!!

God bless our President MUHAMMADU BUHARI and his amiable Vice president Prof Yemi OSIBANJO as they take us to the NEXT LEVEL, AKA, a land flowing with milk and honey.


In other news.......

Onyemadonald:
Remittances by Nigerians living abroad provided a boost to the economy in 2018 as the total value of remittance from migrants amounted to $25 billion, (about N9 trillion), the highest diaspora inflow into the country in the last 13 years.

The global accounting giant, PricewaterhouseCopers, PWC, gave this information in a report titled: “Nigeria Economic Outlook: Top 10 Themes for 2019”. They noted that the amount translates to 83 percent of the federal government’s budget in 2018 and 11 times the Foreign Direct Investment (FDI) during the same period. The figure represents 6.1 percent of the country’s Gross Domestic Product (GDP).

Nigeria’s migrant remittance inflow was also seven times larger than the net official development assistance (foreign aid) of $3.359 billion received in 2017. The Report showed that remittance by Nigerians in diaspora rose steadily in the last 13 years and peaked last year in 2018 by 71.3 percent from $14.640 billion in 2005, while also outpacing FDI inflow by huge 1,036 percent.

Conversely, FDI inflow into the country, which stood at $2.200 billion within the period (2018), was 1,036 percent slower than the migrant remittance inflow.

Detailed breakdown of the migrant remittance during the 13 year period showed tremendous increase in the last three years, as it grew by 11.79 percent to $22.001 billion in 2017 from $19.679 billion in 2016, before recording another 14 percent growth in 2018 to the current figure. According to the Report, leading countries worldwide by value of remittance outflows comprise the United States of America, Germany, Russia and China.

Andrew S. Nevin, Chief Economist, PWC, said: “Nigeria’s biggest export is not oil; it is actually people, because of the remittances coming in. Election uncertainty coupled with lacklustre execution of policy reforms impact FDI inflow.”

“Global FDI flows fell by 19 percent in 2018. However, 2018 FDI flows to Africa increased by six percent from $38 billion to $40 billion. South Africa grew by 446 percent; Egypt by seven percent. Nigeria, on the other hand, fell by 36 percent (to $2.2 billion) and was overtaken by Ghana with $3.3 billion,” PWC said in the Report.

SOURCE: https://www.trendingaccounting.com/2019/02/nigerians-abroad-remitted-n9trn-in-2018.html

Damsonkc:
Putting this up as a direct support for Buhari is foolish. I live abroad and what chased me abroad was the hardship encountered under this government and same can be said of others abroad. Also, the money is that big because our Naira is no longer of value. If I send 10000 USD back to Nigeria in a year, it is automatically a huge amount of money because our Naira is basically useless. So yes, it would keep being like this as long as APC cannot grow the Naira.

imamabi:
This man called Buhari has is own unique qualities as a leader... His charisma is what no corrupt person on earth can have.... His conscience when it comes to financial holding and appropriation is as clear as crystal.

Damsonkc:
Putting this up as a direct support for Buhari is foolish. I live abroad and what chased me abroad was the hardship encountered under this government and same can be said of others abroad. Also, the money is that big because our Naira is no longer of value. If I send 10000 USD back to Nigeria in a year, it is automatically a huge amount of money because our Naira is basically useless. So yes, it would keep being like this as long as APC cannot grow the Naira.