The concern about declining diaspora remittance | The Guardian Nigeria News - Nigeria and World News

From the report, the decline in the flow of remittances to Nigeria, particularly in 2020 was copiously on display. The decline of remittance flow to Nigeria in 2020 was recorded as a whopping 27.7 per cent, from $23.24 billion the previous year to $16.8 billion.

The decline in the flow to SSA countries was largely due to the sharp drop in the figure for Nigeria since hitherto, remittance flows to Nigeria constitutes about 40 per cent of the flow to the entire region. That Nigeria’s remittance flow decline is peculiar, corroborated by the fact that over the same period, flows to Zambia increased by 37 per cent, Mozambique by 16 per cent, Kenya by nine per cent and Ghana by five per cent, according to the World Bank report.

The member of the House representing the Gwer East/West Federal Constituency of Benue State, Mark Gbillah had addressed the House requesting for permission to present a petition, on behalf of Tiv people living in America on the alleged takeover of their ancestral land by invaders, thus forcing their kith and kin to flee for safety and the request was declined despite his spirited efforts in this regard.

It is gladdening that the rejection of the presentation of the petition by Wase did not deter the petitioners from pursuing the matter further, particularly with the flood of public opinion on their side.

Reason is clear: Pandemic. For example, 9m Americans, so far, were thrown out of work by the pandemic. And who do you think will be most affected by this? Of course, immigrants and that includes Nigerians. So, any surprise that Diaspora Remittances dropped?

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