President Muhammadu Buhari says Nigerians in the diaspora brought over $25 billion annually as home remittances to the Nigerian economy through official and non-formal channels over the past three years.

Buhari spoke in a video message to commemorate this year’s Diaspora Day observed on July 25 of every year.

The president, who urged to them not to abandon their fatherland in the wake of the COVID-19 pandemic, implored Nigerians in the diaspora to actively participate in the country’s post-COVID-19 economic recovery efforts.

“This (home remittances) is about 6.0% of our annual GDP and upwards of 80% of our annual budget.

“This has impacted on livelihoods of Nigerians in terms of education, health, housing and estate development, industry, trade and investments, agriculture and technology/skills transfer.

“In terms of diaspora home remittances, Nigeria is rated as number one in sub-Saharan Africa and this is still growing especially with the advocacy and mobilization programmes of the newly established Nigerians in Diaspora Commission (NiDCOM),’’ he said in a statement issued by his spokesman, Femi Adesina.

The Chairman/CEO of NiDCOM, Hon. Abike Dabiri-Erewa, said the focus of the 2020 celebration was indicative of the mandate of NiDCOM as well as what the agency had accomplished since its creation.

She said the commission was working with the National Assembly to make diaspora voting a reality.

Book On “International Arbitration & ADR And The Rule Of Law”

Written By Professor C.J. Amasike, Ph.D; F.DRI; F.CIArb; M.ADRg; FIPA; FCTI Price: ₦20,000 or £25 per copy [Hard Back– 20 chaps/715 pages] Contact Information Email:  info@idrinstitute.cominfo@adrinafrica.org WhatsApp only: 0803-703-5989   Voice Call – Mobile: 0817-630-8030,+234-805-2128-456, +234-909-9651-401 Landline: 09-2913581, +234-9-2913499, +234-9-2919209 Office Address: 50 Julius Nyerere Crescent, [Next To The World Bank], Asokoro, Abuja – Nigeria. Bank Account Details; Bank Name: UBA Plc.; Account Name: International Dispute Resolution Institute; Account Number: 1014072579