The on-going exchange rate issues facing many developing countries serve as a strong indication that remittances can help. For Nigeria, remittances are estimated to have exceeded $20 million each year since 2013. In order to be in a position to fully leverage the advantages of interdependence forward looking companies, countries and organizations are developing networks to generate social, cultural and economic benefits. The Nigerian Diaspora is clearly a viable and significant pool into which economic and social networks can be created, with individuals and institutions mobilized to great benefit. The countries that have historically been competitive and globally preeminent have been those that understand how to engage in cross border knowledge, talent and skills transfers. For Nigeria, the Diaspora is a national asset, but to keep it powered, it needs more attention. I am Magnus Kpakol, and thatâ€™s my view.
Posted: Feb 23rd, 2016 @ 04:03:52 AM