The Central Bank of Nigeria has unveiled the Non-Resident BVN platform to help Nigerians abroad remotely access financial services and increase diaspora remittances to $12 billion annually.
- The NRBVN allows Nigerians in the diaspora to obtain a BVN without physical presence in Nigeria.
- It aims to reduce remittance costs and improve access to savings, mortgages, and investments.
- The CBN targets $1 billion monthly remittances, following a rise from $3.3B to $4.73B in 2024.
For many Nigerians abroad, the NRBVN ends years of exclusion from local financial services. With secure digital onboarding, access to mortgages, pensions, and investments in Nigeria is now a reality, sparking renewed optimism among global citizens.
Will the NRBVN bridge the gap between Nigeria’s financial system and its global diaspora—and drive the country closer to its $1B monthly remittance goal?
