[GIST] Nigeria Diaspora remittances declined by 27.7% to $16.8bn – W’Bank

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Remittances by Nigerians in the Diaspora declined by 27.7 per cent in 2020, the World Bank has said. A report by the World Bank titled ‘Defying predictions, remittance flows remain strong during COVID-19 crisis’ said Nigeria contributed 40 per cent of the remittances into Sub-Saharan Africa. It put remittances to Sub-Saharan Africa at $42bn. Forty…

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