Nigerians abroad!!way forward with this kind policy

[Chinyere]

Let’s be realistic. Nigerians abroad like sending money in dollars because their families can decide when to change it.
Now that it will be paid in naira:

Will Nigerians abroad start sending money through other unofficial channels?

 

[Mr.Simon]

Let’s be realistic. Nigerians abroad like sending money in dollars because their families can decide when to change it.
Now that it will be paid in naira:

Will Nigerians abroad start sending money through other unofficial channels?

That’s the real concern. If the official rate isn’t attractive, some may bypass banks and use informal channels to get better value. It could reduce remittance inflows through formal systems.

 

[Chinyere]

That’s the real concern. If the official rate isn’t attractive, some may bypass banks and use informal channels to get better value. It could reduce remittance inflows through formal systems.

Trust Nigerians