A delegation of the UK in Nigeria Private Sector Development Adviser of the British High Commission has called on Nigerians in Diaspora Commission, NiDCOM, as a stakeholder to partner on more inclusive Diaspora Remittances.
This advice was given during a visit to top Management and Staff of the Commission headed by Mrs Abike Dabiri-Erewa, in Abuja.
The group led by Dr Bola Karimu through Policy Advocacy is involved in economic development, good governance and more inclusive Diaspora remittances by partnering with the Central Bank of Nigeria, CBN.
Part of their concerns is the reduced cost of sending remittances and the long end-to-end process of sending remittances.
Receiving the delegation in Abuja, the Chairman of NiDCOM Mrs Abike Dabiri-Erewa, welcomed the partnership and assured them of her commitment to eliminating all remittance constraints and ensuring a smooth transfer of money from not just UK but all over the globe to Nigeria.
Meanwhile, Hon. Abdulrahman Terab, Head of the Commission Technology Transfer and Innovation,(TTI), explained that remittances pass through various stages from initiation in the host country to receiving it back home with numerous options for the sender to choose a service they desire.
He further stated that cutting down the channels of sending remittances will not solve the problem rather, cutting down the charges and opening the market for other stakeholders will be better.
Hon Terab, further said that it will allow recipients to get value at the market rates and ease remittance transactions, especially from the Middle East and Asian Countries.
FRCN Abuja/Adetutu Adetule
pub-5160901092443552
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