Business

Africans in diaspora remittances hit $95.6bn in 2021 – Adesina  

Abdulwahab Isa, Abuja

Financial remittances by Africans in the diaspora hit $95.6 billion in  2021, higher than the $87 billion remitted in 2019.

President, African Development Bank Group, Dr. Akinwumi Adesina, who confirmed the figures described, diaspora Africans as critical to the continent’s economic development through remittances.

An AfDB press statement on Tuesday quoted Adesina as stating this at an event on “Development Without Borders: Leveraging the African Diaspora for Inclusive Growth and Sustainable Development in Africa” organised by the Bank in collaboration with the African Union Commission, the International Organisation for Migration, and the African Continental Free Trade Area Secretariat.

“The value of remittances from the African diaspora doubled from $37 billion in 2010 to $87 billion in 2019, reaching $95.6 billion by 2021. Yet official development assistance to Africa in 2021 was $35 billion, or 36% of the remittances from the diaspora.

“Egypt and Nigeria are among the top-10 remittance recipients globally, with $31.5 billion and $19.2 billion, respectively in 2021.The African diaspora has become the largest financier of Africa! And it is not debt, it is 100% gifts or grants, a new form of concessional financing that is the key for livelihood security for millions of Africans,” he said.

 

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica