Nigerians in diaspora remit $20 billion annually, representing 6.1% of GDP

The Chairman also emphasized NiDCOM’s efforts to engage the diaspora through the National Diaspora Policy

The Nigerians in Diaspora Commission (NIDCOM) has disclosed that Nigerians living abroad contribute $20 billion annually to the country’s economy, representing 6.1% of Nigeria’s Gross Domestic Product (GDP).

This was announced by NIDCOM Chairman/CEO, Abike Dabiri-Erewa, during her presentation at the “Africa Diaspora Day on the Hill” event, part of the Congressional Black Caucus Annual Legislative Conference in Washington, D.C.

Dabiri-Erewa highlighted the remarkable achievements of Nigerians in various sectors globally, commending their role as strategic partners in the country’s growth. She noted that the remittances have played a crucial role in supporting families, boosting local economies, and aiding national development.

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The Chairman also emphasized NiDCOM’s efforts to engage the diaspora through the National Diaspora Policy, which seeks to harness the resources, skills, and expertise of Nigerians abroad. This policy aims to create opportunities for increased participation in the nation’s development, including investment in key sectors such as healthcare, education, and infrastructure.

She stated, “Nigerians abroad continue to significantly impact both the Nigerian economy and their host countries. Their contributions in areas such as technology, medicine, education, and business have elevated Nigeria’s global profile.”

The “Africa Diaspora Day on the Hill” event provided a platform for discussions on how African diasporas can drive positive change in their home countries. Dabiri-Erewa stressed the importance of stronger ties between the Nigerian government and its diaspora community to ensure continued contributions to Nigeria’s economic growth.

The statement issued by Gabriel Odu of NIDCOM’s Media, Public Relations, and Protocols Unit also highlighted the need for more initiatives to mobilize resources from the diaspora for national development, as well as fostering collaboration between Nigeria and other African countries with large diaspora populations.