The Chairman/ Chief Executive Officer,
This, they noted would encourage increased inflows into the country.
Dabiri-Erewa and Akinwuntan made this call during a webinar titled: 'Financial Services & Remittance Solutions for Nigerians in Diaspora:
Leveraging
The NIDCOM Chairman noted that the remittances into
She also commended
She added: "Over 17 million Nigerians in diaspora have been sending money back home to the country to support various needs of the Nigerian economy.
"We know that these remittances go into paying things like medical bills, for education and various needs for their families.
"Last year
"It is very important to make remittances accessible and affordable to Nigerians in the diaspora, this cannot be over emphasised. It is very important to ensure access to remittances in most African countries were
Speaking on the high cost, she said: "The cost of remittances has been of great concern to us and how come we have the highest cost of remittance with anywhere in the world as we are charging high.
"So, the cost of remittances is too high and we need to bring it down to encourage Nigerians in the diaspora to remit more back home, "she added.
According to her, there are more informal remittances that are not documented, saying that a reduction in cost would encourage the use of formal channels.
She added: "We are looking forward to whatever
On his part, Akinwuntan said: "Nigerians in Diaspora play a critical role to nation building and you your contribution would go a long way to positioning our country as a leading player global.
"When we look at the records and statistics when you talk about remittances and the flows into
"For us, as
"
"Every Nigerian in the diaspora will be able to use our digital platforms and unique financial products and services to transfer funds for various purposes in
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