Thirty million Africans across the globe have directly invested $40 billion into the continent economy in 2010 According to a survey carried by African Development Bank and the World Bank recently, Africans investment ranged from land purchases, building a home, and starting a business top the highest remittances by Africans in diaspora whilst education was the second-highest use of remittances from outside Africa into Nigeria and Uganda; the third highest into Burkina Faso, and the fourth highest into Kenya.
Report on African countries remittances, skills and Investments are jointly carried out by the African Development Bank and the World Bank as part of the Africa Migration Project.
The project has the financial support of the African Development Bank; the Canadian International Development Agency (CIDA); the Department of International Development (DFID); the French Ministry of Immigration, Integration, Asylum and Solidarity Development; the Danish Ministry of Foreign Affairs; the International Fund for Agricultural Development (IFAD); and the Swedish International Development Cooperation Agency (SIDA).
A breakdown of the$40billion investment showed that Nigerians in diaspora invested 57 percent; 55 percent in Kenya; 36 percent in Burkina Faso; 20 percent in Uganda and Senegal, 15 percent.
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Posted: at 7-04-2011 08:55 AM (14 years ago) | Addicted Hero
JACKyOFFF at 7-04-2011 09:52 AM (14 years ago) (m)
Good JOb guys,,,,,may God save us now from this GORO mouth politician in Nigeria,,,i dont see any of them worth been a president , they are on the move to Rub the nation again ,,,where are Tinubu,,and ppl like Fashola,,,when all this Blood suckers trying to Arm Rubber us again .....demn phyuk all of them prseidntial runners ..... We need new set of ppl ....
Posted: at 7-04-2011 09:52 AM (14 years ago) | Newbie
harold634 at 7-04-2011 10:44 AM (14 years ago) (m)
Quote from: JACKyOFFF on 7-04-2011 09:52 AM
Good JOb guys,,,,,may God save us now from this GORO mouth politician in Nigeria,,,i dont see any of them worth been a president , they are on the move to Rub the nation again ,,,where are Tinubu,,and ppl like Fashola,,,when all this Blood suckers trying to Arm Rubber us again .....demn fcuk all of them prseidntial runners ..... We need new set of ppl ....
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Posted: at 7-04-2011 10:44 AM (14 years ago) | Gistmaniac
Good JOb guys,,,,,may God save us now from this GORO mouth politician in Nigeria,,,i dont see any of them worth been a president , they are on the move to Rub the nation again ,,,where are Tinubu,,and ppl like Fashola,,,when all this Blood suckers trying to Arm Rubber us again .....demn fcuk all of them prseidntial runners ..... We need new set of ppl ....
CHANGE UR PROFILE PICTURE NEWBIE
harold tell am oooo,reasonable post from nametalkam dis time.
Posted: at 7-04-2011 10:54 AM (14 years ago) | Upcoming
Dan_Fulani at 7-04-2011 11:15 AM (14 years ago) (m)
Nice article with very useful information. I live overseas and really like the idea of diaspora bonds for citizens living abroad as long as there is government oversight to prevent frauds. Suggestions about providing employments for skilled workers to prevent them from going abroad is timely. Nigeria lose lots of educated and skill workers to neighboring nations and western countries with better employment opportunities. South Africa, Italy, Saudi Arabia and Ghana gain from lack of employment opportunities in Nigeria for our educated and skilled workers.
dan fulani
Posted: at 7-04-2011 11:15 AM (14 years ago) | Gistmaniac
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