Nigerians in diaspora remit $1.7billion annually

By Peter DURU, Makurdi
Professor Toyin Falola of the University of Texas, United States of America has disclosed that Nigerians in diaspora remit over $1.7billion annually to boost the nation’s economy.
He disclosed that these remittances were to family members and friends in the country, advising that the nation tapped into this foreign exchange source to stimulate development in the country.

Delivering a paper at a public lecture organised by the History Department of Benue State University, Makurdi, titled “Citizens at home, citizens abroad and the globalization of knowledge”, the don noted that the huge transfers could be translated to tangible developments for the teeming populace.

Professor Falola, who was invested with the Julius Nyerere Professorial chair of Modern African History by the Vice Chancellor of Benue State University, Professor Paul Akase Sorkaa, described himself as a Structural Adjustment Programme SAP Diasporan.