More Woes For Nigeria As Diaspora Remittances Drop 12% In 2020

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International flows of migrant remittances to Nigeria, a significant source of economic support for Africa’s most populous country, suffered a 12.18 percent decline in 2020 amid the impact of the COVID-19 pandemic. From the $23.8 billion reported in 2019, diaspora remittances into Nigeria dropped by $2.9 billion to $20.9 billion last year, according to data…

– Businessday

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