menu Home chevron_right
News

CBN Governor Cardoso applauded for Launching Non-Resident Nigerian Accounts

January 17, 2025

The Nigerians in Diaspora Commission (NiDCOM) has commended the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, for the introduction of the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). Hon. Abike Dabiri-Erewa, the Chairman and CEO of NiDCOM, praised the move as a strategic initiative aimed at enhancing diaspora engagement and supporting Nigeria’s economic growth.

In a statement released on Thursday by NiDCOM’s Head of Media, Public Relations, and Protocols, Abdur-Rahman Balogun, Dabiri-Erewa emphasized the significant role that diaspora remittances play in Nigeria’s economy. She noted that these remittances now represent the highest source of foreign exchange for the country, surpassing oil revenues. This highlights the growing importance of diaspora contributions to Nigeria’s economic stability.

Dabiri-Erewa also underscored the need for continued strategic engagement with the diaspora community, urging Nigerians both at home and abroad to collaborate in the development of the country. She reiterated that the progress of Nigeria lies in the hands of its citizens, as no foreigner will take on the responsibility of driving the nation’s growth.

The NiDCOM chair further encouraged Nigerians in the diaspora to take full advantage of the newly introduced financial products by the CBN. She expressed confidence that the NRNOA and NRNIA would enhance the economic contributions of Nigerians abroad, reinforcing the commission’s commitment to strengthening ties with the diaspora and optimizing remittances to boost the country’s financial health.

Written by Adeyemi Adewale




This area can contain widgets, menus, shortcodes and custom content. You can manage it from the Customizer, in the Second layer section.

 

 

 

  • cover play_circle_filled

    FlowFm92.7
    Araba Radio

  • cover play_circle_filled

    01. LOFI IN SPACE chill lofi beats to vibe
    Afro Lofi Beats

  • cover play_circle_filled

    01. FLOW CAFÉ
    EARLY MORNING

  • cover play_circle_filled

    01. Afro Hiphop
    FlowFM Mix

  • cover play_circle_filled

    01. Jazz
    FlowFM mix

  • cover play_circle_filled

    01. Flow FM's 2000s
    Flow FM mix

  • cover play_circle_filled

    01. Battle of the Boybands
    Flow FM's 90s

play_arrow skip_previous skip_next volume_down
playlist_play