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Nigerian Citizens In Abroad Remit $35bn With In 11 Months

Posted: 21 December, 2016 at 05:51 am
Nigerian Citizens In Abroad Remit $35bn With In 11 Months
Nigerian Citizens In Abroad Remit $35bn With In 11 Months Photo 1

On Tuesday, Mrs. Abike Dabiri Erewa, the Senior Special Assistant to President Muhammadu Buhari on Foreign Affairs and Diaspora Matters said since the beginning of 2016 till now, over $35 billion was sent to country by Nigerian citizens living in aboard.

She declared this in Abuja, during visits to Mr. Babatunde Fowler, the Executive Chairman of the Federal Internal Revenue Service (FIRS) and his management team.

Mrs. Dabiri stated that the total amount sent by Nigerian citizens in aboard this year, has surpassed the $21 billion which was sent in 2015.

According to Mrs. Dabiri, the $35 billion sent is the highest amounts so far in the Africa records while the third highest in the world.

The SSA stated that: “In 2016, they (Nigerians living abroad) remitted $35bn, which is higher than what was remitted in 2015. This is the highest in Africa and the third largest in the world,”

She told the FIRS management about the plans to raise tax in Nigerian,saying that this makes the Federal Government to encourage them to invest back in their country.

Mrs. Dabiri said: “There is a lot of talk about your organisation from Nigerians in the Diaspora concerning taxes; whether there will be tax incentives for Nigerians coming back home to engage in agriculture and other businesses.

“Recently, they expressed concern over reports that we need to pay tax on our passports. There should be collaboration between both offices to disseminate information in case they have questions or want answers.”

Mr. Fowler said this in responds to Mrs. Dabiri statement saying that the Nigerian agency had not enforced any new tax on the collection of passports.

He said the only thing required now from any people applying for passport was evidence of tax obedience.

Mr. Fowler said, “What we are saying is if you want any immigration services, either you want to renew your passport or get a new one, so long as you're an adult and you're making an income, you just have to show evidence of tax payment.

“There is no direct tax on passports, it's just to show evidence of paying tax; and of course, you're entitled to all the services of government.”

However, the FIRS boss declared that for Nigerian Citizens in aboard to take any advantage of investing in the country there were a lot of tax motivations.

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