its a serious threat though…the remittances are indicative of itnigeria’s brain drain will keep it a shythole
![www.semafor.com](https://img.semafor.com/668aa1acbb70d3a1844b80ea822693897873e306-1024x768.jpg?rect=0,115,1024,538&w=1200&h=630&q=75&auto=format)
Nigeria’s japa economy spurs a battle over remittances market | Semafor
The large-scale migration of young people from Nigeria known as “japa” has sparked a battle among remittance companies vying to tap into the market for money transfers to Africa’s most populous country.
![www.semafor.com](https://www.semafor.com/favicon-32x32.png)
![punchng.com](https://cdn.punchng.com/wp-content/uploads/2023/12/17135844/World-Bank.jpg)
Nigeria’s Diaspora remittances will exceed $20bn in 2023 – W’Bank
W'Bank has said Diaspora remittance into Nigeria is expected to exceed $20bn by year end as total remittances into the region increase by 1.9 per cent.
![punchng.com](https://cdn.punchng.com/wp-content/uploads/2016/06/19220759/favicon.jpg)