Development Assistance
World Bank: Nigeria responsible for over 40 percent diaspora remittances in Sub Saharan Africa
The World Bank says Nigeria is responsible for over 40 percent of diaspora remittances in Sub Saharan Africa (SSA). In a statement on Wednesday, the Washington-based financial institution said remittances to SSA declined by an estimated 12.5 percent in 2020 to $42 billion. The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria, “Remittances to Sub-Saharan Africa declined by an estimated 12.5 percent in 2020 to $42 billion,” the statement read. “The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria, which alone accounted for over 40 percent of remittance flows to the region. “Excluding Nigeria, remittance flows to Sub-Saharan African increased by 2.3 percent. “Remittance growth was reported in Zambia (37 percent), ...
UN: Over 110 people killed in attack on Borno rice field
United Nations (UN) has revealed that not less than 110 civilians were killed by Boko Haram in the attack on a rice field in Borno State. Earlier reports had put the death toll of Saturday’s deadly Boko Haram attack on rice field in Borno at 43 while several others were said to be missing. A statement by the United Nations Humanitarian Coordinator in Nigeria, Mr. Edward Kallon, on Sunday, while describing the attack as horrifying, said not less than 110 people were killed with many other persons injured in one the deadliest attack by the terrorist group, who have laid siege to the Northeast for over a decade. Kallon said: “I am outraged and horrified by the gruesome attack against civilians carried out by non-state armed groups in villages near Borno State capital Maiduguri. “At least 110 ...
