Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) says there are plans to raise remittance inflows to $1 billion through formal channels.
The Central Bank of Nigeria says it engaged leading international money transfer operators to raise remittance inflows to $1 billion through formal channels.
Leading the Nigerian delegation, the CBN governor and Wale Edun, the minister of finance, have been engaging global leaders, investors, and the diaspora community in the past week at the annual meetings of the International Monetary Fund and the World Bank in the United States . “Our team held productive discussions with leading IMTOs, where we collectively committed to growing remittance flows to 1 billion US dollars through formal channels into Nigeria,” Cardoso said.
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