A person holding a 1,000 Central African CFA franc banknote during a financial transaction.
Nigeria’s diaspora sent a record $20.93 billion home in 2024, four times the nation’s Foreign Direct Investment, cementing their role as key drivers of economic growth. President Tinubu, speaking at the 2025 National Diaspora Day celebrations, called these contributions “indispensable,” praising Nigerians abroad for investing across sectors like healthcare, housing, ICT, and agriculture. The figure increased by 8.9% over 2023 numbers. According to the World Bank, Nigeria alone accounted for nearly 37% of Sub-Saharan Africa’s total remittances. Meanwhile, Sharon Dimanche, Nigeria’s Chief of Mission for the International Organization for Migration highlighted the broader influence of the diaspora in global institutions and digital innovation.
Nairametrics