Africa: Diaspora Remittances to Africa Hits U.S.$60 Billion

5 February 2013

The International Organisation for Migration (IOM) Monday disclosed that Africans in diaspora remitted a total of $60 billion to the continent in 2012.

The World Bank had ranked Nigeria as the fifth among the top recipients of diaspora remittances while India is leading the pack of countries whose citizens send huge returns home.

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