For many, remittances from the African diaspora are essential and sometimes life-saving contributions from family members living and working abroad. In 2024, an estimated $100bn was remitted to Sub-Saharan Africa through formal channels, while informal flows are believed to account for an additional 30–50%. In Nigeria alone, about $21bn was sent back to the country from its diaspora in 2024, accou...
The strongest version of this narrative centers on the transformative potential of fintech to formalize remittances and channel them into productive investments, positioning Nigeria—and by extension, Africa—as a financial powerhouse. The panelists present a cohesive vision: digital platforms can democratize access to capital markets, tiered licensing can spur innovation, and adaptive regulation can foster regional integration. This aligns with a broader paradigm of financial inclusion as a drive...