Sunday, February 7, 2021

GDP: Diaspora Revenue Is $3.3 Billion Greater Than Nigerian Oil Exports-Investigations.



By Victor Bieni, Asaba


Investigation had it that Nigeria's 2016 and 2017 yearly revenue generation for the country's GDP garnered $10.4 Billion and $13.4 Billion of her oil exports less than that of the Diaspora Nigerians revenue remittances of $19.7 Billion and $22 Billion (2016-2017); which is Mathematically greater than the country's oil exports by $3.3 Billion.


Immediate Past President, Nigerians in Diaspora (NIDO), Continental Europe, Hon. Kenneth Gbandi upon Investigations by our reporter on their contributions to Nigerian economy, the support Nigerian Government has being enjoying Diaspora Nigerians, even as the country continues to borrow from Chinese Government to sustain her economic growth and development in this present administration.

He said: “Nigerians in Diaspora is a revenue generation constituency of its own. We have over the years kept Nigeria as a country alive, saving it from multiple bankruptcy through its $19.7 billion and $22 billion in 2016 and 2017 respectively, which were higher than the $10.4 billion and $13.4 billion garnered from oil exports".

“The main export of the country in the same period cannot simply remain passive in the fundamental obligation in determining who governs them and the country at large".

“If the diaspora remittances are crucial for the sustenance of the Nigerian economy and our folks, our voices and our votes are equally as crucial, if not most crucial for sustaining project Nigeria, democracy and good governance in Nigeria".

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