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Nairaland Forum / Nairaland / General / Politics / Remitances From Diasporan Nigerians Have Decreased? (944 Views)
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Remitances From Diasporan Nigerians Have Decreased? by Jallotti: 9:31am On Oct 21, 2023 |
https://www.dataphyte.com/latest-reports/why-nigerians-overseas-are-not-showing-love-to-their-relatives-in-nigeria/ Why Nigerians overseas are not “showing love” to their relatives in Nigeria. Nigerians in the diaspora appear to be showing less love to their own at home. Show love is the street term for sharing money or gifts with friends or acquaintances. 1 Like
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Re: Remitances From Diasporan Nigerians Have Decreased? by ican2020: 9:32am On Oct 21, 2023 |
The attitude of most Nigerians at home are the reason, every election year most Nigerians voters vote stupidly and immediately after voting back to square 1 they start begging and these guys in abroad are tired of helping people who consistently refused to use their brains 8 Likes |
Re: Remitances From Diasporan Nigerians Have Decreased? by Jallotti: 9:33am On Oct 21, 2023 |
I find that hard to believe. I send money to starving depressed NINs EVERY MONTH! *NINs=Nigerians in Nigeria* 3 Likes |
Re: Remitances From Diasporan Nigerians Have Decreased? by adesegun121(m): 9:39am On Oct 21, 2023 |
Ok |
Re: Remitances From Diasporan Nigerians Have Decreased? by Jallotti: 9:42am On Oct 21, 2023 |
ican2020: In all fairness, most NINs did not vote stupidly. They were robbed by APCheats and INEC.✅ 5 Likes |
Re: Remitances From Diasporan Nigerians Have Decreased? by Wujio: 9:51am On Oct 21, 2023 |
ican2020: Diasporans have really tried. They ralk and talk yet home-based is never cured of their ethno-centric induced sickness 1 Like |
Re: Remitances From Diasporan Nigerians Have Decreased? by Amotolongbo(f): 9:58am On Oct 21, 2023 |
Many of you don’t know that many of the Diasporeans are also struggling to survive where they are as the economy of many nations like UK and EU are not so doing well 7 Likes |
Re: Remitances From Diasporan Nigerians Have Decreased? by michlins(m): 10:20am On Oct 21, 2023 |
Jallotti:if you ever think that APC lost this election then you must be joking. They won fair and square. It's actually that the number of stupid people in this country are many. From the people who didn't vote(24ml out of 90ml), to the ones who voted based on ethnic, tribal and religious lines. We are all suffering it now. 3 Likes 1 Share |
Re: Remitances From Diasporan Nigerians Have Decreased? by Ikaeniyan0: 10:25am On Oct 21, 2023 |
Almost every country around the world is battling inflation. Cost of living is so high, even in western countries. 5 Likes 1 Share |
Re: Remitances From Diasporan Nigerians Have Decreased? by 1Alex: 10:36am On Oct 21, 2023 |
Ikaeniyan0:this is just the reason. Times are so hard world wide. 2 Likes |
Re: Remitances From Diasporan Nigerians Have Decreased? by psychalade: 10:46am On Oct 21, 2023 |
THIS IS THE REASON BELOW😬 The total amount of debt owed by the US government is skyrocketing. The Treasury’s FiscalData platform shows $106.12 billion has been piled onto America’s debt in the seven-day stretch ending on October 18th. After crossing the $33 trillion mark on September 15th, total outstanding US debt now stands at $33.62 trillion – an increase of about $17.71 billion per day. In a new interview with Bloomberg TV, Rockefeller Capital CEO Greg Fleming says he’s concerned about the rising debt burden and the impact that America’s interest payments will have on growth. “On the current trajectory, interest payments on the federal budget will exceed military expenditures by 2027. So higher for longer has a big impact on the fiscal side of the equation, which is relevant to all investors because the US debt situation is definitely a concern… If we have a recession, you could see a double-digit deficit as a percentage of the federal budget. Jallotti: 1 Like 1 Share |
Re: Remitances From Diasporan Nigerians Have Decreased? by horsepower102: 10:54am On Oct 21, 2023 |
If you want vote in a banana then run to diaspora to come save you. After this last election, so many well meaning Nigerians in the diaspora simply gave up and held their money back. |
Re: Remitances From Diasporan Nigerians Have Decreased? by akingangan: 11:48am On Oct 21, 2023 |
Nigerians abroad a working their as* off and paying bills. Nigerians don't realise how easy Nigeria is until they travel abroad. 3 Likes |
Re: Remitances From Diasporan Nigerians Have Decreased? by Raskimonojendor: 11:52am On Oct 21, 2023 |
There is inflation everywhere. Prices of basic necessities have gone up all over the world. Cost of borrowing is super high. Diaspora Nigerians don't have much to spare like they used to. 4 Likes |
Re: Remitances From Diasporan Nigerians Have Decreased? by abhosts(m): 12:01pm On Oct 21, 2023 |
Investments to Nigeria from diaspora is at an all time low. Imagine sending money to buy a house last year when dollar was ₦590. Now, that same dollar has doubled in value and is almost ₦1200. So how do you make a profit from a dollar perspective? Many Nigerians have stopped investing back in Nigeria and that would greatly affect remittances. 3 Likes 2 Shares |
Re: Remitances From Diasporan Nigerians Have Decreased? by zuchyblink(m): 12:11pm On Oct 21, 2023 |
I know why; those who used to send: 100 dollars=#50,000 now send 50 dollars =#50,000 1 Like |
Re: Remitances From Diasporan Nigerians Have Decreased? by Goodvibes007: 12:16pm On Oct 21, 2023 |
zuchyblink:I have increased my own monthly remittance to catch up with inflation in Nigeria. |
Re: Remitances From Diasporan Nigerians Have Decreased? by zuchyblink(m): 12:30pm On Oct 21, 2023 |
A decade ago, Nigerians living abroad could effortlessly remit $200 when the exchange rate was below 30,000 Naira. However, nowadays, they find it challenging to send $200 due to the fact that the exchange rate has surpassed 200,000 Naira. |
Re: Remitances From Diasporan Nigerians Have Decreased? by LOVEALAIGBO: 12:39pm On Oct 21, 2023 |
Jallotti: Precisely! I think the issue really is how docile they are and how they allow thieving politicians rig the electoral process with impunity and install all manner of dubious characters without doing anything! |
Re: Remitances From Diasporan Nigerians Have Decreased? by Kenneth4u205(m): 12:44pm On Oct 21, 2023 |
That is a big lie . We use other methods like crypto(binance usdt) to send money home to Nigeria. It's faster and the exchange rate is higher than bank rate . Remittance has not reduced. We only found a better way that can't be traced by CBN 3 Likes |
Re: Remitances From Diasporan Nigerians Have Decreased? by Jallotti: 1:43pm On Oct 21, 2023 |
LOVEALAIGBO: Extremely docile. The fact that there is no unity is a major problem. 1 Like |
Re: Remitances From Diasporan Nigerians Have Decreased? by Jallotti: 1:48pm On Oct 21, 2023 |
psychalade: A recession? |
Re: Remitances From Diasporan Nigerians Have Decreased? by Skillsnigeria: 3:51pm On Oct 21, 2023 |
Hmmm |
Re: Remitances From Diasporan Nigerians Have Decreased? by aderadio1: 4:16pm On Oct 21, 2023 |
The number did not decrease rather people don't use money gram or Western Union anymore. The money is being sent cash at hand. You give me pounds I sent to your account in Nigeria from my account in Nigeria. 1 Like |
Re: Remitances From Diasporan Nigerians Have Decreased? by 2BabaNairaland: 4:20pm On Oct 21, 2023 |
I am not joking because I know for sure that APC lost the 2023 election but Mumu Yakubu rigged Tinubu in. michlins: |
Re: Remitances From Diasporan Nigerians Have Decreased? by SpatialKing(m): 4:21pm On Oct 21, 2023 |
I stay in the US why should I invest in my country lead by a certificate forger how sure am I the investment documents won't be forged... 1 Like |
Re: Remitances From Diasporan Nigerians Have Decreased? by SpatialKing(m): 4:24pm On Oct 21, 2023 |
michlins: Yeah just like APC that had to use Muslim - Muslim ticket as a strategy to win... They deployed religious strategy |
Re: Remitances From Diasporan Nigerians Have Decreased? by michlins(m): 4:30pm On Oct 21, 2023 |
2BabaNairaland:if it makes you happy, believe it 2 Likes |
Re: Remitances From Diasporan Nigerians Have Decreased? by 2BabaNairaland: 9:30pm On Oct 21, 2023 |
I believe it because it is the truth and no one can't hide it. michlins: |
Re: Remitances From Diasporan Nigerians Have Decreased? by Konquest: 7:34pm On Feb 20 |
Jallotti: |
Re: Remitances From Diasporan Nigerians Have Decreased? by Konquest: 7:36pm On Feb 20 |
psychalade:Bump. |
Re: Remitances From Diasporan Nigerians Have Decreased? by Konquest: 7:39pm On Feb 20 |
aderadio1:True that. Only less than 10 percent (less than 2 billion USD) of all remittances get to Nigeria in hard currencies out of the 20 billion USD that is sent annually. The rest send remittances via transfer apps that end up paying beneficiaries in Naira. |
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