Nigeria, Feb. 20 -- The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Nigeria is targeting $1 billion in monthly diaspora remittance inflows, following recent reforms that have lifted average inflows to about $600 million per month.

He disclosed this on Thursday while speaking at the G-24 Technical Group Meetings in Abuja.

"As a result of these reforms, remittance inflows now average about $600 million per month, and we are confident of reaching a $1 billion monthly milestone in the near term," he said.

The CBN governor attributed the rise in remittances to regulatory and structural adjustments introduced in 2024 to remove bottlenecks in diaspora transactions and formalise inflow channels.

Among the measures...