NiDCOM Boss commends CBN on its new Forex policy,says it’s diaspora friendly

The Nigerians in Diaspora Commission (NIDCOM) has commended the Central

Bank of Nigeria (CBN) for its newly adopted policy, to grant unfettered
access to Forex from Diaspora Remittances.

The Chairman/CEO of the Commission, Hon.Abike Dabiri-Erewa, gave the commendation while hosting the first Honorary Consul of Columbia to Nigeria, Her Excellency, Hon. Maricel Romero
Cantillo during a courtesy visit to the Commission in Abuja.

Dabiri-Erewa said Nigerians in the diaspora were happy with the policy
which will ultimately impact positively on diaspora remittances and
Investments in Nigeria, saying the Commission has already set up a
process to set up the Nigerian Diaspora Investment Trust Fund.

She also stated that beneficiaries of remittances by Nigerians in the
Diaspora will get their money in the currency of transmission, rather
than in naira, and advised them to patronize registered bureau de change
legally in operation while urging the CBN to further reduce the levies
charged by IMTOs on remittances, with that of Nigeria being the highest
in the world.

NiDCOM Boss said she was happy to receive Columbia’s first honorary
consul to Nigeria and said it was an opportunity to engage Nigerians in
Columbia and Colombians in Nigeria, to deepen cultural and trade

In her remarks, Hon. Maricel Romero Cantillo expressed her excitement to
be the first Honorary Colombia Consul to Nigeria, as she believes this
will strengthen the ties between Nigeria and Columbia.

Cantillo said she was hopeful for the future and looks forward to
strengthening commercial and cultural ties between both countries,
saying Columbia is a home for Nigerians and vice versa

She added that Nigeria and Columbia share a lot of cultural similarities
and encouraged the NIDCOM Boss to make plans to engage the Nigerian
Community in Columbia as Nigerians are an asset to their host country.

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