Abike Dabiri-Erewa Lauds $1.57 Billion Diaspora Remittances

Abike Dabiri-Erewa, the Chairman of the Nigerians in Diaspora Commission (NiDCOM), commended the record inflow of $1.57 billion through International Money Transfer Operators (IMTOs) in the second quarter of 2026. This figure represents a 33 percent increase from the $1.18 billion recorded in the same period of 2025 and is the highest quarterly inflow from 2019 to 2026, surpassing the previous record of approximately $1.47 billion in Q3 2024.

According to the Central Bank of Nigeria's Q2 2026 Statistical Bulletin, the inflows through IMTOs were $513.81 million in April 2026, $472.13 million in May, and peaked at $580.16 million in June. Dabiri-Erewa emphasized that these remittances are crucial for household support and economic resilience in Nigeria.

The Commission views this upward trend as a testament to the commitment of Nigerians abroad to their families and the broader economic development of Nigeria, while also highlighting the importance of confidence in regulated transfer channels.