The Central Bank of Nigeria (CBN), alongside the Nigeria Inter-Bank Settlement System (NIBSS), Nigerian banks, and International Money Transfer Operators (IMTOs), recently convened in Houston, Texas, for a forum titled "Optimizing Remittances to Nigeria: A Vision for the Future."
The event gathered Nigerian diaspora members, business leaders, investors, and executives from Nigerian banks to explore strategic improvements in remittance flows, a critical factor in Nigeria’s economic resilience and growth.
The discussions focused on future pathways to enhance these inflows, underscoring the importance of remittances to national stability.
The forum, which is part of CBN's ongoing efforts to engage Nigerian diaspora communities, featured insightful panel discussions and presentations that explored current challenge and opportunities in the remittance ecosystem. Senior representatives from Nigeria Inter-Bank Settlement System Plc (NIBSS), United Bank for Africa, First Bank, Zenith Bank, Providus Bank, Fidelity Bank, and First City Monument Bank, alongside key stakeholders from the CBN, outlined how the CBN's forward-thinking reform agenda is reshaping Nigeria's financial ecosystem and driving positive outcomes for Nigerians both at home and abroad.
In his opening remarks, Muhammad Sani Abdullahi, Deputy Governor of Economic Policy, CBN, laid the groundwork for the forum, emphasizing the Bank's commitment to "strengthening macroeconomic fundamentals to create an enabling environment where the private sector can thrive and generate quality jobs for Nigerians."