Hon. Abike Dabiri-Erewa, Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), has applauded Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), for introducing two new financial products aimed at Nigerians living abroad: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA).
In a statement released by Abdur-Rahman Balogun, Head of Media, Public Relations, and Protocols at NiDCOM, the initiative is described as a significant move to deepen diaspora engagement and bolster the nation’s economic growth.
Dabiri-Erewa highlighted the pivotal role of diaspora remittances, which she noted have surpassed oil revenues to become Nigeria’s largest source of foreign exchange. She called for a collective effort from Nigerians both at home and abroad to contribute to the nation’s development, emphasizing that, “Nigerians, home and abroad, must join hands to develop Nigeria, as no foreigner will do this for us.”
The NiDCOM Chairman urged Nigerians in the diaspora to take advantage of these new financial offerings, lauding the CBN’s forward-thinking approach in fostering stronger ties with the diaspora. She also noted the recent efforts by the CBN to optimize remittance flows and enhance the country’s financial landscape.
Expressing confidence in the potential impact of the NRNOA and NRNIA, Dabiri-Erewa said the new accounts would significantly increase the economic contributions of Nigerians worldwide, further supporting national development.
The launch of these financial packages is expected to not only boost remittances but also provide more investment opportunities for Nigerians living abroad, thereby strengthening their involvement in the country’s economic growth.
