Remittances to Nigeria from the diaspora rose every year over the last decade from $16.93 billion in 2006 to $20.83 billion in 2014. And in 2016, remittances by Nigerians abroad were over $35 billion, the highest in Africa and the third largest in the world.
The Minister of Finance, Kemi Adeosun, has urged Nigerians in the Diaspora not to panic as a result of the foreign exchange policy of the Central Bank of Nigeria, CBN, assuring them that current value of the Naira was just temporary.
