International

Dabiri-Erewa Hails CBN’s New Accounts for Nigerians in Diaspora

Published

3 hours ago

Jan 16, 2025.

NIDCOM Praises CBN For Introducing Nigerian Ordinary Account
Initiative Meant to Strengthen Ties With Nigerians Living Abroad
NIDCOM Noted That Diaspora Remittances Is the Biggest Source of Foreign Policy

The Chairman and CEO of the Nigerians in Diaspora Commission (NiDCOM),Hon. Abike Dabiri has praised Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), for unveiling two new account options for Nigerians living abroad: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA).

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In a statement by Abdur-Rahman Balogun, NiDCOM’s Head of Media and Public Relations, and sighted by EkoHotBlog, the initiative was described as a key step towards strengthening ties with Nigerians abroad in a bid to aid the nation’s economic progress.

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According to Dabiri-Erewa, remittances from the diaspora are Nigeria’s largest source of foreign currency, even exceeding revenue from oil exports.

She admonished Nigerians both at home and abroad to contribute to the country’s development, reminding them that outsiders would not take up the task for them.

The NiDCOM leader encouraged Nigerians abroad to make full use of the new financial services.

EkoHotBlog reliably gathered that the NiDCOM boss applauded CBN for its forward-thinking approach in finding better ways to engage the diaspora and maximize their contributions to the nation’s economy.