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Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsRemittances From Nigerians Abroad Surpassed $20 Billion In 2024 (6244 Views)

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Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by peekspot(op): 11:20am On Aug 16, 2025
Yusuf Tuggar, minister of foreign affairs, says Nigerians abroad contributed over $20 billion to the country’s economy in 2024.

Tuggar spoke in Abuja on Monday when he paid a working visit to Abike Dabiri-Erewa, chairperson of the Nigerians in the Diaspora Commission (NiDCOM).

The minister commended Dabiri-Erewa for her leadership in championing the interests of Nigerians in the diaspora, describing their contributions as significant.

Tuggar said he was at the commission to reinforce the importance of aligning its work with President Bola Tinubu’s four Ds doctrine of diplomacy.


The minister listed the doctrines as development, demography, diaspora, and democracy.

According to him, for NIDCOM, the “diaspora” pillar is not just a component of the doctrine; it is the commission’s core mandate.

“Nigeria’s diaspora community is one of the most vibrant in the world—over 17 million Nigerians are spread across every continent,” he said.

“They are doctors, engineers, entrepreneurs, academics, athletes, creatives, and leaders in their fields. In 2024 alone, remittances from Nigerians abroad amounted to over $20 billion.

“This represents a vital lifeline to our economy and a testament to the enduring commitment of our diaspora to national development.”


The minister said beyond the figures, Nigerians abroad are also cultural ambassadors who project the nation’s rich heritage, innovation and resilience on the global stage.

“Their successes open doors for others, change perceptions, and build goodwill for Nigeria across borders,” he said.

“I urge NIDCOM to continue championing these wins and to deepen efforts to integrate the Nigerian diaspora more fully into the national economy.


“This means not only celebrating their achievements but also creating deliberate pathways for them to invest, innovate and contribute their skills to strategic national projects.”

Tuggar proposed that NiDCOM consider establishing dedicated programmes aimed at deepening the bond between Nigerians abroad and their ancestral homeland.

He said such initiatives should be designed to enhance their knowledge, appreciation and understanding of Nigeria’s history, culture, values and aspirations.

“In doing so, they will serve as compelling counter-narratives to the weaponised disinformation occasionally propagated by individuals who seek to distort our image for personal or political gain,” he said.

“Sustained engagement of this nature will ensure that our diaspora youth remain firmly connected to the heartbeat of the nation, proud of their heritage and committed to Nigeria’s progress, wherever in the world they may reside.”


Dabiri-Erewa commended Nigerians in the diaspora for bridging gaps in the country through notable investments, citing “the best stroke centre” in Imo and “the cancer hospital” in Lagos as significant examples.

She said the commission has established a diaspora data mapping to identify and analyse the characteristics, location, and contributions of Nigerians living outside the country.

The NiDCOM chair urged Nigerians in the diaspora to register at www.nidcom.ng.gov.
https://www.thecable.ng/tuggar-remittances-from-nigerians-abroad-surpassed-20bn-in-2024/

Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by helinues: 11:22am On Aug 16, 2025
Good news everywhere. Nigerians in abroad ate also contributing their quota
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by LegendHero(m): 4:36pm On Aug 16, 2025
Make sense.

I want that to be like $70bn next year. We can do this.
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by Fresh34: 4:37pm On Aug 16, 2025
Make sense...they're really trying o..
How much is our budget for last year again self?
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by frenzzy2(m): 4:37pm On Aug 16, 2025
So where is the money and what are you guys using it to do
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by NotOgaSeun: 4:37pm On Aug 16, 2025
Tinubu till 2031…..
I'm enjoying this government well
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by bahdpersona(m): 4:37pm On Aug 16, 2025
After depreciation in nigeria's currency value, what do you expect?
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by Babangidapikin: 4:37pm On Aug 16, 2025
Is it Remittance from abroad or people working remotely , anyway you na don make economy hard .. people abroad and within no dey get rest.
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by LegendHero(m): 4:38pm On Aug 16, 2025
frenzzy2:
So where is the money and what are you guys using it to do
This is the money people abroad send to their families or for investments back home.
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by WesleyPepper: 4:38pm On Aug 16, 2025
Omo
Thank God for diaspora remittances oo. That is what has been keeping many people going
God bless our brothers and sisters all over the world trying their best to ‘develop’ their host countries in positive ways
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by dettolgel: 4:41pm On Aug 16, 2025
So technically Nigerians living abroad have been the ones propping up the economy. grin

No wonder they want to implement diaspora taxes
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by Alaigbo(m): 4:41pm On Aug 16, 2025
When the righteous rule remittance is sure to flow but that won't stop wailers
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by lexy2014: 4:41pm On Aug 16, 2025
LegendHero:
Make sense.

I want that to be like $70bn next year. We can do this.
who are the "we"?

how much you contribute for inside the 20billion?

if the standard of living in nigeria is good, will there be need for such remitances?
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by RavinWolf(m): 4:42pm On Aug 16, 2025
Dabiri-Erewa don drop better grammar wey sweet for ear like national anthem remix! 🎤📢
She talk say Nigerians wey dey diaspora no just dey japa — dem dey help stitch Nigeria’s torn wrapper from across the ocean, with over $20 billion in remittances and investments like stroke centre for Imo and cancer hospital for Lagos. Na real “away but not astray.” 🌍💵🏥

She yab the people wey dey use Nigeria do bad PR for political clout, say:

> “Una fit try, but una no go fit cancel our global children wey dey invest pass government sometimes!”



Plus, NiDCOM don dey map Naija diaspora like Google Maps — to sabi who dey where, dey do wetin, and how dem dey support mama land. She beg make dem register online sharp-sharp at www.nidcom.ng.gov (we still dey confirm if that dot gov dey double by mistake or e follow format 😅).

As we dey talk for street:
“Na who travel far know say even cow wey waka reach abroad dey sabi use POS.”
Diaspora dey carry Naija for head like gala — time to clap for them abeg! 👏🇳🇬💼
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by lexy2014: 4:42pm On Aug 16, 2025
LegendHero:
This is the money people abroad send to their families or for investments back home.
"investments"?

how did conclude that diaspora remittances is for investments?
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by Goodvibes007: 4:43pm On Aug 16, 2025
helinues:
Good news everywhere. Nigerians in abroad ate also contributing their quota
Yes ooo. We are very much contributing our quota, and would continue to do more.

But our Obidients people go dey call us APC 20k monthly earner grin
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by LegendHero(m): 4:44pm On Aug 16, 2025
lexy2014:
who are the "we"?

how much you contribute for inside the 20billion?

if the standard of living in nigeria is good, will there be need for such remitances?
This is my LemFi. I still send almost $1k last week.

Oya let’s see your own.

Even if standard of living in Nigeria is good, it won’t stop remittance and it will actually increase it. People will send more money home to invest and build real estate.

China, India, and etc get mad remittance too.

Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by ottersberger(m): 4:46pm On Aug 16, 2025
Since Tinubu is busy stealing everything he can get his hands on, we are now forced to pay for basic life support for friends and family, from daily meals to hospital treatment and prescription drugs. His supporters will encourage more remittances so that they can steal more.
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by LegendHero(m): 4:48pm On Aug 16, 2025
ottersberger:
Since Tinubu is busy stealing everything he can get his hands on, we are now forced to pay for basic life support for friends and family, from daily meals to hospital treatment and prescription drugs. His supporters will encourage more remittances so that they can steal more.
Lol if the dollar rate is what is controlling the price, why do you think you are sending more?

Your $100 before was N700+, now it’s like N1530. It will level up my guy.

The major reason why we are seeing more remittance is because those IMTOs are now using the regular channels because of the stability of naira.

Lot of our remittance is sometimes not through official channels because they don’t have the incentive to use those channels.

Just watching 2 years time and see how that amount will balloon.
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by chopnaira: 4:49pm On Aug 16, 2025
Goodvibes007:
Yes ooo. We are very much contributing our quota, and would continue to do more.

But our Obidients people go dey call us APC 20k monthly earner grin
That thing dey always make me laugh. Any small thing on twitter, obidients would shout 20,000 naira is working like that's suppose to be an insult. They are projecting sha. That's why they are obsessed with 20k. grin
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by chopnaira: 4:51pm On Aug 16, 2025
ottersberger:
Since Tinubu is busy stealing everything he can get his hands on, we are now forced to pay for basic life support for friends and family, from daily meals to hospital treatment and prescription drugs. His supporters will encourage more remittances so that they can steal more.
Before Tinubu, I have been sending money and after Tinubu, I will continue to send. I still sent money for a church program in Nigeria yesterday.

In 2019, Tinubu wasnt even president yet Nigerians sent 25 billion dollars home.

I have been sending several home simce the GEJ and Yaradua era as well.

Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by LegendHero(m): 4:53pm On Aug 16, 2025
lexy2014:
"investments"?

how did conclude that diaspora remittances is for investments?
Because I am in diaspora and I send money home for both family and investment.

What do you think diaspora remittance mean? You think it’s only money for family members or gift or what?
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by lexy2014: 4:57pm On Aug 16, 2025
LegendHero:
This is my LemFi. I still send almost $1k last week.

Oya let’s see your own.

Even if standard of living in Nigeria is good, it won’t stop remittance and it will actually increase it. People will send more money home to invest and build real estate.

China, India, and etc get mad remittance too.
are the questions not simple enough?

1. who are the "we"?

2. how much you contribute for inside the 20billion?

3. if the standard of living in nigeria is good, will there be need for $20b remitances?

4. how will good standard of living in nigeria increase remittances?
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by LegendHero(m): 4:57pm On Aug 16, 2025
chopnaira:
Before Tinubu, I have been sending money and after Tinubu, I will continue to send. I still sent money for a church program in Nigeria yesterday.

In 2019, Tinubu wasnt even president yet Nigerians sent 25 billion dollars home.

I have been sending several home simce the GEJ and Yaradua era as well.
No mind these guys. Nigeria don dey diaspora remit since 1970/1980s in huge number.

During the early 2000s, UK people hot gan and they pushed mad remittance into the country.

Even in year 3100, there will still be diaspora remittance so far you have Nigerians living outside the country in the West (UK, USA, and Europe).
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by LegendHero(m): 4:58pm On Aug 16, 2025
lexy2014:
are the questions not simple enough?

1. who are the "we"?

2. how much you contribute for inside the 20billion?

3. if the standard of living in nigeria is good, will there be need for $20b remitances?

4. how will good standard of living in nigeria increase remittances?
First show me your own contribution like I showed mine, then I will answer your jamb question.

You know time is money.
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by ottersberger(m): 5:00pm On Aug 16, 2025
LegendHero:
Lol if the dollar rate is what is controlling the price, why do you think you are sending more?

Your $100 before was N700+, now it’s like N1530. It will level up my guy.

The major reason why we are seeing more remittance is because those IMTOs are now using the regular channels because of the stability of naira.
This is not about exchange rates or remittance methods. Life is hard in Nigeria. We have hyperinflation, unpaid salaries, youth unemployment at 53 percent, petrol at over 900 naira per liter, and so on.

Nigeria earns in the region of 18 billion dollars from crude sales and 21 billion dollars from diaspora remittances, but we are still struggling. It goes without saying that the economy would have collapsed without diaspora like you and me investing and supporting a grossly corrupt and inefficient government in Nigeria. Period!
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by lexy2014: 5:01pm On Aug 16, 2025
LegendHero:
First show me your own contribution like I showed mine, then I will answer your jamb question.

You know time is money.
time is money. use it wisely to answer the questions you have not answered based on your claims.

LegendHero:
Make sense.

I want that to be like $70bn next year. We can do this.
1. who are the "we"?

2. how much you contribute for inside the 20billion?

3. if the standard of living in nigeria is good, will there be need for $20b remitances?

4. how will good standard of living in nigeria increase remittances?
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by TechAI: 5:02pm On Aug 16, 2025
helinues:
Good news everywhere. Nigerians in abroad ate also contributing their quota
that is about to end soon.

The west is gearing up to start taxing those moneys.
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by ottersberger(m):
chopnaira:
Before Tinubu, I have been sending money and after Tinubu, I will continue to send. I still sent money for a church program in Nigeria yesterday.

In 2019, Tinubu wasnt even president yet Nigerians sent 25 billion dollars home.

I have been sending several home simce the GEJ and Yaradua era as well.
Oga, we don dey do this thing before dem born some people here. My point is that there's nothing wrong with diaspora remittances. India, and the Philippines, largely subsist on them.

The problem with Nigeria is that nothing is achieved with it. All the government does is steal our money, as Tinubu is doing right now. Those of us who support the national budget do not receive any recognition for it. For example, we can't even vote in national elections.
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by LegendHero(m): 5:08pm On Aug 16, 2025
ottersberger:
This is not about exchange rates or remittance methods. Life is hard in Nigeria. We have hyperinflation, unpaid salaries, youth unemployment at 53 percent, petrol at over 900 naira per liter, and so on.

Nigeria earns in the region of 18 billion dollars from crude sales and 21 billion dollars from diaspora remittances, but we are still struggling. It goes without saying that the economy would have collapsed without diaspora like you and me investing and supporting a grossly corrupt and inefficient government in Nigeria. Period!
When has life ever been better in Nigeria? Do you know how much remittance we got yearly during Jonathan years?

Check it and come back again to discuss with me
Re: Remittances From Nigerians Abroad Surpassed $20 Billion In 2024 by CodeTemplarr:
LegendHero:
Make sense.

I want that to be like $70bn next year. We can do this.
after descouraging Japa hustlers abi?
I will like to see remittance by region. That other region that eats oyel money know why i am asking?
1 2 3 Reply

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