The World Bank says remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic.
The bank also said remittance flows fell for Sub-Saharan Africa by 12.5 per cent, according to its Migration and Development Brief 33 Phase 11 entitled: “COVID-19 Crisis Through a Migration Lens’’ published on Thursday.
The report said the decline in remittance flows to Nigeria was largely responsible for the fall in remittance flows to Sub-Saharan Africa.
“The decline in flows to Sub-Saharan Africa was almost entirely due to a 28 per cent…
