A group, the ‘UK In Nigeria Private Sector Development Adviser of the British High Commission (Abuja)’, has solicited the partnership of the Nigerians in Diaspora Commission (NiDCOM) on more inclusive diaspora remittances.
The group made the call when its delegation, led by Dr Bola Karimu, paid a visit to top management and staff of the Commission, headed by Hon. (Dr) Abike Dabiri-Erewa, in Abuja.
The group, through policy advocacy, is involved in economic development, good governance and more inclusive diaspora remittances by partnering with the Central Bank of Nigeria (CBN).
The request of the ‘UK In Nigeria’ was contained in a press release by Gabriel Odu of the Media, Public Relations and Protocols Unit of NiDCOM.
The group further stated in the release that some of its concerns included how and what can be done to reduce the cost of sending remittances and also how to stop the long end-to-end process of sending remittances.
Receiving the delegation, Hon. Abike Dabiri-Erewa, welcomed the partnership and assured them of her commitment to eliminating all remittance constraints, as the group solicited.
The NiDCOM Chief Executive Officer also that measures would be taken towards l ensuring a smooth process of transfer of money from, not just the United Kingdom (UK), but also from all over the globe, to Nigeria.
Meanwhile, Hon. Abdulrahman Terab, Head of the Commission Technology Transfer and Innovation (TTI), said remittances pass through various stages.
The stages, he said, ranges from initiation in the host country to receiving it back home with numerous options for the sender to choose a service they desire.
He further stated that cutting down the channels of sending remittances will not solve the problem, but cutting down the charges and opening the market for other stakeholders will be better.
Terab, further said doing so will allow recipients to get value at the market rates and ease remittance transaction, especially from the Middle East and Asian countries.
