The Nigerians in Diaspora Commission has hailed the Governor of the Central Bank of Nigeria, Olayemi Cardoso, for the introduction of two financial initiatives: the Non-Resident Nigerian Ordinary Account and the Non-Resident Nigerian Investment Account.
In a statement issued on Thursday by NiDCOM’s spokesperson, Abdurahman Balogun, the commission’s Chairman, Abike Dabiri-Erewa, described the move as “a strategic initiative to enhance diaspora engagement and bolster Nigeria’s economic growth”.
Dabiri-Erewa highlighted the critical role of diaspora remittances, noting that they remain Nigeria’s largest source of foreign exchange, surpassing oil revenue.
She stressed the importance of collaborating with the diaspora to drive national development, saying, “No foreigner will do this for us.”
She also urged Nigerians abroad to take full advantage of the newly introduced financial products, which are designed to facilitate investments and remittances, further strengthening the bond between the diaspora and Nigeria’s economy.
The NiDCOM chair lauded the CBN’s proactive efforts to optimise remittances and enhance the nation’s financial stability, expressing confidence that the NRNOA and NRNIA accounts would significantly boost economic contributions from Nigerians living abroad.
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