HUSTLERS! Nigerians Living In UK and USA Sent $35Billion Home In the Last 11 Months

3 years ago by: Mister Jay Wonder
-- (m) at 21-12-2016 06:48AM

(25153 | Addicted Hero)


The Senior Special Assistant to the President on Foreign Affairs and Diaspora Matters, Mrs. Abike Dabiri-Erewa, on Tuesday said between January and now, over $35bn had been remitted to the country by Nigerians living abroad.

Dabiri-Erewa disclosed this when she visited the Executive Chairman of the Federal Inland Revenue Service, Mr. Babatunde Fowler, and the management team of the FIRS in Abuja.

She said the amount so far remitted to the country by Nigerians living abroad this year exceeded the $21bn sent home by them last year.

The $35bn remittance, according to her, is the highest so far recorded in Africa this year and the third highest in the world.

“In 2016, they (Nigerians living abroad) remitted $35bn, which is higher than what was remitted in 2015. This is the highest in Africa and the third largest in the world,” she stated.

Dabiri-Erewa drew the attention of the FIRS management to tax concerns raised by Nigerians living abroad, adding that this might frustrate the objective of the government in encouraging them to invest back home.

She said, “There is a lot of talk about your organisation from Nigerians in the Diaspora concerning taxes; whether there will be tax incentives for Nigerians coming back home to engage in agriculture and other businesses.

“Recently, they expressed concern over reports that we need to pay tax on our passports. There should be collaboration between both offices to disseminate information in case they have questions or want answers.”

Responding, Fowler said the agency had not imposed any fresh tax on the collection of passports, adding that what was required from any adult applying for passport was evidence of tax compliance.

He said, “What we are saying is if you want any immigration services, either you want to renew your passport or get a new one, so long as you’re an adult and you’re making an income, you just have to show evidence of tax payment.

“There is no direct tax on passports, it’s just to show evidence of paying tax; and of course, you’re entitled to all the services of government.”

The FIRS boss explained that there were a lot of tax incentives for Nigerians abroad to take advantage of when investing in the country.



-- Afriqueenn (f) at 21-12-2016 07:19AM
(634 | Upcoming)

It's the recession nah
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-- chimexcel (m) at 21-12-2016 07:50AM
(750 | Upcoming)

As of last year, a dollar is around #160. While this year #379 to 400. Sending more dollars home means more wealth for Naija people.
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-- chukkychukky (m) at 21-12-2016 07:53AM
(7042 | Gistmaniac)

good jst i go send mine sooner

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-- concentrate (m) at 21-12-2016 08:52AM
(1990 | Gistmaniac)

that's good!
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-- Jeonleon (m) at 21-12-2016 11:00AM
(789 | Upcoming)

Mrs. Dabiri must you announce it to the whole world?!... Do you want the host countries to block the channels so as to stop the leakages of their respective wealth and resources?

Has any country ever told u how much they drain from Nigeria?
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-- gogoman Online (m) at 21-12-2016 11:16AM
(31901 | Addicted Hero)

AND UNA GO SAY WE NO TRY!!  I GUESS MY FELLOW TRAVELER SHOULD DIVERT OUR MONEY TO GHANA
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-- osarobo62 (m) at 21-12-2016 04:32PM
(11700 | Hero)

..and what have most of them done with the money ,other than weekly owambes,show off or build a non revenue generating house.
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-- kswagger (m) at 21-12-2016 04:51PM
(462 | Upcoming)

Oh my name no dey, sorry dem no mention paris

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-- kison (m) at 21-12-2016 05:50PM
(19274 | Hero)

 Wink Wink Wink Wink Wink Wink Wink
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-- james987 (m) at 22-12-2016 08:13AM
(8655 | Hero)

Ermmmm
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-- CHRISETTE (f) at 24-12-2016 08:02AM
(12679 | Hero)

Nawaoo
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-- BournIdentity (m) at 28-12-2016 04:03PM
(46060 | Addicted Hero)

Sidon there dey look like zombie,,,,.. I just dey wakaring
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-- BournIdentity (m) at 29-12-2016 05:19AM
(46060 | Addicted Hero)

Knack mi tori.....,,,
I just dey observe! Dey pass jejeli as in,, maka, make jelorsi no kill u o
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