Stakeholders seek improvement in diaspora remittances

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Financial experts have said that Nigeria can attract high inflow and volume of Diaspora remittances with proper engagement and transparent exchange rate.

They said this would make Nigeria to be able to compete better than countries like India, Israel, Indonesia and others.

The summit had the theme: “Financial services & remittance solutions for Nigerians in diaspora: Leveraging Ecobank’s Pan-African offering as the nation celebrates 60.” The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, in his opening speech noted that there was growing evidence that diaspora remittances were impacting positively on the economies of various countries of the world.

According to him, apart from constant engagement with Nigerians in the diaspora, the bank was leveraging its digital technology through its Rapidtransfer App and Ecobank mobile App to make it easy and affordable for Nigerians abroad to remit money to their home country.

 

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