The Vice-chair, Chartered Institute of Personnel and Development, South London Branch, United Kingdom, Mr. Dayo Olomu, has said that Nigerians in the diaspora have been contributing at least four% of the Gross Domestic Product of the country since 2018.
He said it showed how much Nigerians in the diaspora cared for the economic wellbeing of those back home. And how significant they had become as a bloc, to the viability of the Nigerian economy. Olomu said this while delivering his keynote address to mark Nigeria Diaspora Day on 25 July 2022, at Brixton Library, London.
Lamenting the state of the economy, Olomu stated that the country would remain a dwarf and a source of ignominy; for her citizens if things were not got right.
He said, “Nigeria’s economy is nowhere near where it should be. We can see that, even from the exchange rate of our local currency. Inflation is at an all-time high, youth unemployment is at about 53%, out-of-school children are about 13 million, and university students have been out of school for the third month running. Of course, in this circumstance, insecurity is spiraling out of control; that is not to speak of the level of distrust amongst the different ethnic nationalities, with the effect that no one is at peace. So, even if a country had all the money in the world, can it prosper without peace?