Analysis of News relating to the Digital Money Ecosystem

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Analysis of News relating to the Digital Money Ecosystem

Nigeria: Diaspora's $25bn Remittance in 2018 Equals 83% of National Budget - Govt - AllAfrica.com

26/07/2019 Link to source

Nigeria: Diaspora's $25bn Remittance in 2018 Equals 83% of National Budget - Govt    The Federal Government has lauded Nigerians living in the diaspora for the $25 billion it sent to the country in 2018, saying it represents 83 percent of the ...

Context

https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/icons/nigeria.gifNigeria
The Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja.
https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/brochureicons/snapshot_nigeria_2014.pngNigeria Digital Money Snapshot 2014
The Nigeria Digital Money Snapshot 2013 provides a description of the markets, ecosystem and initiatives that offers a 360-degree view of opportunities, risks and competitions for local providers as well as global businesses.
https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/stdefault.pngRemittance
This relates to movement of money because of the need to send money back home. A remittance is a transfer of money typically by a foreign worker back to their home country.
https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/brochureicons/viewport_nigeria_2014.pngDigital Money in Nigeria 2014
Nigeria has been striving to increase financial inclusion since 2009. More recently, further regulatory interventions took place in 2012. The CBN pledged to reduce financially excluded adults to 20% by 2020. Learn how this is progressing.

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