Posted By: | November 28, 2020 |

Remittances: Legal Regulatory And Commercial Issues In Diaspora Transactions


The two recent headlines quoted above are res ipsa loquitor: very self-explanatory about Nigerian foreign investment vs It is now widely acknowledged that there is hardly any country in the world where there are no Nigerians. Many authoritative sources estimate that between 15 and 17 million Nigerians are in the diaspora. The Obasanjo administration in the early 2000s recognised 'Nigerian diasporans' as a potent force that could be institutionally galvanised to contribute to national development. The successor administrations of Presidents Y'aradua and Jonathan did not pursue the diaspora agenda with as much passion, but the Buhari administration (especially in the 2nd term), apparently wants to up the ante.

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