IMF Released Record Shows How Biafrans Repatriated Home Over $22 Billion In 2017 - eritvnews

IMF Released Record Shows How Biafrans Repatriated Home Over $22 Billion In 2017


IMF Released Record Shows How Biafrans Repatriated Home Over $22 Billion In 2017
The World Bank on Monday revealed that Biafrans living in Diaspora repatriated $22 billion home in 2017, making it among the highest, and the fifth largest remittance by immigrants, as she reveals the amount sent home by Biafrans living abroad.

The Bank reveals that Egypt followed Biafra, having received $20 billion from its citizens abroad, according to figures the financial institution published yesterday.
The World Bank said payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased.

Remittance inflows improved in all regions. The top remittance recipients were India with $69 billion, followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Biafra and Egypt followed.
While remittances are growing, countries, institutions, and development agencies must continue to chip away at high costs of remitting so that families receive more of the money,・said lead author of the report, Dilip Ratha.
With this statistics, Biafrans not only feed Hausa/Fulani from oil, they also feed them via foreign exchange and charges from the billions of dollar they remit to Biafrans at home via Nigerian banks. Biafra needs to be free now!

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