$26bn Annual Remittances: Rep advocates diaspora remittance agency
By Victor Oluwasegun, Abuja
The establishment of Diaspora Remittance Agency is necessary in Nigeria, the Chairperson of the House of Representatives, Rep, Akande-Sadipe has said.
Rep. Tolulope Akande-Sadipe urged for an establishment of a Unit under Nigeria Diaspora Commission that will facilitate a less costly and more efficient remittance process and documentation.
In her goodwill message during the Annual General meeting of Nigerians in Diaspora Organization Europe, held on Monday, November 16, 2020, Akande-Sadipe, who chairs House of Representatives Committee on Diaspora Affairs, posited that the establishment of a remittance arm of business will drive more remittances to the country.
N110b budget inadequate for Judiciary, say Reps“Nigerians in Diaspora have been a major force for development in the country through remittances, but beyond remittances more importantly, a need for promotion of trade and investments, innovation, knowledge and technology transfers,” she said.
She opined that it is important to ascertain why the impact of recorded huge diaspora remittances is not visible in our economy, stressing that there is need to put measures in place to ensure accountability and transparency for Sustainable National Growth and Development.
The Oluyole Federal Constituency Representative said if properly harnessed, opportunities exist in Housing, Health, Education Power and Water.
