Olayemi Cardoso, CBN governor, says the federal government is considering a diaspora bond in the United States next year and is targeting remittance inflows of $1 billion monthly.
Olayemi Cardoso, governor of the Central Bank of Nigeria , says the federal government is considering a diaspora bond in the United States next year and is targeting remittance inflows of $1 billion monthly.
The CBN governor said Nigerians abroad are eager to invest and have already more than doubled the remittances they send home since the current government implemented substantial reforms in 2023.Advertisement“Our currency has now become extremely competitive and cheap. So they see the opportunity of taking positions in assets back home and in businesses back home.”
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