CBN: Diaspora Remittances Through Naira4Dollar Scheme Hits $2.4bn in Eight Months Eromosele Abiodun, Nume Ekeghe and James Emejo in Abuja The Director of Trade and Exchange Department, Central Bank of Nigeria (CBN), Dr. Ozoemena Nnaji has revealed that diaspora remittances
through the ‘Naira 4 Dollar Scheme’ stood at $2.4 billion the first eight months of 2022. She noted that the inflow has been strong, pointing out that in the entire 2021, remittances recorded through the scheme were a total of $2.9 billion whereas eight months into 2022,
Nigeria had already recorded $2.4 billion. She disclosed this at the weekend, at the 33rd Seminar for Finance Correspondents and Business Editors with the theme, “Policy Options for Economic Diversification: Thinking Outside the Crude Oil-Box,” organised
by the CBN. Also, she revealed that the CBN was considering improving the scheme to have a more streamlined approach, which would enhance diaspora remittances in collaborations with other government parastatals.
According to her, “In 2021, we were able to record $2.9 billion of cash inflows, so far this year, we have recorded $2.4 billion. So, in half of the year, we have gotten almost what we got in the year 2021. “We have a component of remittances which include
workers’ compensation, anyone that worked in Nigeria, even if you are a Nigerian but are paid in dollars because you work for an embassy or an international organisation, it is counted as a remittance. Continued on page 5
NBET, Turkish Agency Seal Deal to Boost Commercial Transactions, Investments in Nigeria's Power Sector...
Page 6
Monday 29 August, 2022 Vol 27. No 10002. Price: N250
www.thisdaylive.com TR
UT H
& RE A S O
N
Brazil, Nigeria Trade Relations Recorded $281bn Export Earnings in 2021...
Page 10
Sanwo-Olu: With Right Choices in 2023, We Can Create Tomorrow to Be Proud of Says little things dividing Nigerians can also unite them Urges youths to take charge of their future
Segun James
Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday, said with
the selection of the right leaders in next year’s general election, Nigerians could create the tomorrow they would be proud of.
Sanwo-Olu spoke at the 2022 Children and Youth Harvest Thanksgiving of Our Saviour’s Church, Diocese of Lagos
(Anglican Communion), Tafawa Balewa Square (TBS), Lagos, with the theme, "Harvest of Restoration and Divine Satisfaction."
The governor said the things that seemed to divide Nigerians could also unite them. He described the Nigerian youth as
the future of the world, saying they should take charge of their Continued on page 5
How Tinubu’s ‘Zero Commitment’ at London Meeting Forced Wike Back to Atiku
Engagement between PDP presidential candidate, Rivers gov face-saving Obasanjo denies supporting any candidate, plans to disclose own agenda soon Shekarau joins main opposition party today Laleye Dipo in Minna and Ibrahim Shuaibu in Kano Last week’s London meeting between the presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Tinubu, and the aggrieved Peoples Democratic Party (PDP) governor of Rivers State, Mr. Nyesom Wike, though shrouded in secrecy, was actually not a successful engagement, THISDAY has learnt. Tinubu was alleged to have declined committing to all of Wike’s conditions precedent to working together during next year’s presidential election.
By implication, the subsequent engagement between the Rivers State governor, his colleague governors, and the presidential candidate of PDP, Atiku Abubakar, also in London, was timeous and face-saving for embittered Wike and friends. Meanwhile, fresh facts have emerged on the covert involvement of former President Olusegun Obasanjo, who was equally in London at the time and met with Wike and the rest of them, in some of the ongoing discussions ahead of the 2023 polls. Continued on page 5
UDOM EMMANUEL PAYS CONDOLENCE VISIT TO OBAIGBENA...
Governor of Akwa Ibom State, Mr. Udom Emmanuel (left) and Chairman/Editor-in-Chief of THISDAY Media Group and ARISE News Channel, Prince Nduka Obaigbena, during a condolence visit by the governor to his residence in Lagos, after a successful funeral ceremony for Princess Margaret Obaigbena (Nee Usifoh) in Owa Kingdom, Delta State…recently