Fidelity Bank targets improved diaspora remittances on new policy
Fidelity Bank Plc, a leading Nigerian bank has restated its readiness to continually support the Central Bank of Nigeria’s (CBN) efforts to engender sustainable economic development by significantly improving diaspora remittances and foreign exchange (FX) inflows into the country. Its CEO, Mrs. Nneka Onyeali-Ikpe, who made this known at the weekend at the inaugural edition of the Fidelity Diaspora Webinar Series in Lagos, stated that the bank would leverage its robust digital infrastructure, bespoke product offerings and extensive partnership with International Money Transfer Operators (IMTOs) to strengthen remittances inflows. While applauding the CBN for its well-timed interventions in the FX market, Mrs. Onyeali-Ikpe said the virtual event was part of concerted efforts to deepen engagement with Nigerian citizens’ resident abroad by providing them greater clarity on recent policy measures by the CBN and its attendant implications for diaspora investments. “We are here today to discuss modalities of Diaspora Remittance as well as awareness of investment opportunities in Nigeria. We believe when people are armed with adequate knowledge, they will be able to make informed decisions”, she explained.
