• Fri. Jun 21st, 2024

CBN Governor Highlights Human Trafficking As Concern Arising From Diaspora Flows

ByHybrid News

Aug 10, 2023

In a recent address at the prestigious National Institute for Security Studies (NISS), the acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, has shed light on the multifaceted impact of diaspora flows on the nation.

Shonubi discussed the array of effects stemming from these flows, ranging from their positive contributions to the concerns that surround them.

He underscored that while diaspora flows bring about positive outcomes for Nigeria, it is crucial to acknowledge the challenges they also pose.

In particular, he identified the alarming issue of human trafficking as a negative consequence linked to these global migrations.

Amidst his exploration of the positive aspects of diaspora flows, the CBN governor expressed a note of lamentation over the fact that not all remittances are channeled through formal platforms.

He emphasized the importance of encouraging remitters to utilize legitimate channels for these transactions, thereby fostering transparency and accountability in the process.

The noteworthy occasion saw Mr. Shonubi deliver the Distinguished Personality Lecture titled “Diaspora Remittances and Nigeria’s Economic Development.”

The address not only highlighted the economic implications of these remittances but also engaged with the intricate relationship between diaspora flows and the nation’s growth trajectory.

Mr. Shonubi’s insightful discourse at the NISS serves as a reminder of the complexities woven into the fabric of diaspora flows.

As Nigeria continues to navigate the intricate landscape of global migrations, his words encourage a comprehensive understanding of both the positive potential and the challenges that emerge from these phenomena.

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