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Nigerians In Diospora Commission Commend CBN

Abike Dabiri-Erewa, chairman of the National Agency for Nigerians Abroad (NIDCOM), commended the Central Bank of Nigeria (CBN) for introducing the program.

In a statement signed by NIDCOM public relations officer Abdur-Rahman Balogun, Dabiri-Erewa said the initiative was a welcome development as it would encourage visitors to send money through official methods.
The CBN, meanwhile, said the scheme was an incentive for foreign exchange brokers where remittance seekers would have to pay N5 per dollar imported.

Dabirewa said the policy, if implemented properly, would have an impact on the Nigerian economy.
She said the office of Nigerians Abroad was currently setting up a special fund so that Nigerians living abroad could plan and present their investments, as well as other financial matters. 

The Central Bank of Nigeria (CBN) has said that the new policy is expected to attract foreign investment by investing in the right amount of money and will greatly boost the Nigerian economy.

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