The Central Bank of Nigeria (CBN) said that Nigeria recorded $2.4 billion in diaspora remittances under its Naira 4-dollar scheme in 2022. The CBN created the scheme in March 2021 to induce Diaspora Nigerians to send money back home and for beneficiaries who seek to withdraw their money in the local currency.

Vanguard reports that diaspora inflow has increased by 20.5 per cent to stand at $5.16 billion in the first quarter of 2022. Diaspora funding is a honey pot for the Nigerian government and has aided in forex inflow into the country, badly hit by the scarcity of hard currencies. The $20 billion diaspora remittance is what most politicians in Nigeria seek to have a slice of. Nigeria has the highest diaspora remittances in Africa, according to recent data. The total remittance inflows into Nigeria stood at $19.5 billion in 2021, the highest in Africa. Politicians honey pot Politicians see this as veritable fund sources as campaigns official starts in Nigeria this month. Peter Obi, the presidential candidate of the Labour Party, is seeking a cut of the diaspora money to fund his campaign, which does not come cheap in Nigeria.

Obi is currently on a tour of seven cities in the US, Germany and Canada not just to garner support but snap up the much-needed funding as he seeks to upstage wealthier opponents like Atiku Abubakar and Bola Tinubu, both entrenched in the establishment. Obi is known for his frugality, which has endeared him to a horde of young supporters who have bought into his philosophy of not using money to buy votes. The slogan, ‘we no dey give shishi’ resonates among his army of vibrant youth supporters who coined it to counter the fiery Enugu clergyman, Rev Fr. Ekike Mbaka, who labelled the former governor of Anambra State stingy Read more: https://www.legit.ng/business-economy/economy/1490006-peter-obi-diaspora-seeks-a-cut-20-billion-diaspora-remittances/

Hnnnnm

But they said they will not spend ShiShi. $20bn to fund the election of the person who claimed to be a saint.


https://www.youtube.com/watch?v=kCH83rj4hys

It's only those that aren't aware of how rich this lying machine is,that will be donating for him.....why the huge pretense from Obi?


https://www.youtube.com/watch?v=dlOz3Va7t8k

Waziri and Yekini are not rich nor wealthy rather they re klessly loot our treasury with no remorse for their present day greed to become Nigeria president but God forbid BAThing!

Kole werk... Nigeria must breathe and work again.

20:10:20...always on our minds.


https://www.youtube.com/watch?v=eZqjZbIe08A

The wisest thing to do than borrowing or selling his hard earned properties to contest election. Obama, former president of America did same and it worked for him. It's not a crime.


https://www.youtube.com/watch?v=Wys77G1fzk8

Atiku and Tinubu are not rich rather the are treasury looters

https://www.youtube.com/watch?v=GV5VRWNyLMI

That's cool

Obi is a scam

He is very rich and milking from the same poor with his businesses

But he won't spend Shi Shi of his money for a campaign to himself

Na still the same poor you want to bank roll you while deceiving them you are one of them

Tinubu urchins and propaganda.

Tell us why we should vote for APC.

[quote author=danjumaisah post=116340453]It's only those that aren't aware of how rich this lying machine is,that will be donating for him.....why the huge pretense from Obi?
/quote]

Why do you want us to vote for APC?

danjumaisah:
It's only those that aren't aware of how rich this lying machine is,that will be donating for him.....why the huge pretense from Obi?


https://www.youtube.com/watch?v=dlOz3Va7t8k

Una cry tire. Keep the tears raining heavily

Truthisunique2:
Obi is a scam

He is very rich and milking from the same poor with his businesses

But he won't spend Shi Shi of his money for a campaign to himself

Na still the same poor you want to bank roll you while deceiving them you are one of them

He's your next president. Know this and know peace

Lies from pit of hell

marenalexander7:
But they said they will not spend ShiShi. $20bn to fund the election of the person who claimed to be a saint.

Your propaganda won't sell. Tinubu remains a deadwood smoker.