The Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has lauded the Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, for introducing the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA).

Dabiri-Erewa described the move as a strategic initiative to enhance diaspora engagement and bolster Nigeria's economic growth.

This was contained in a statement issued by NiDCOM's Head, Media, Public Relations and Protocols, Abdur-Rahman Balogun.

According to Balogun, Dabiri-Erewa emphasised the pivotal role of diaspora remittances, noting its status as the highest source of foreign exchange to Nigeria, which surpasses oil revenues.

"She further highlighted the importance of strategic engagement with the diaspora community, stating, 'Nigerians, home and abroad, must join hands to develop Nigeria, as no foreigner will do this for us'.

"The NiDCOM Boss urged Nigerians in the diaspora to leverage these new financial packages.

"She also commended the CBN's proactive approach in strengthening ties with the diaspora, citing recent engagements towards optimising remittances and boosting the country's finances.

"The Chairman, NiDCOM, expressed optimism that the launch of the NRNOA and NRNIA would help increase economic contributions from Nigerians worldwide," Balogun said.