More woes for Nigeria as diaspora remittances drop 12% in 2020

More woes for Nigeria as diaspora remittances drops 12% in 2020

The drop in remittances spells trouble for a country Nigeria which has already been hit hard by the global economic recession

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 dropp

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