The World Bank has said Remittances to Sub-Saharan Africa declined by an estimated 12.5 per cent in 2020 to $42 billion. 

The decline was “almost entirely due to a 27.7 per cent decline in remittance flows to Nigeria, which alone accounted for over 40 per cent of remittance flows to the region”’, the Bretton Woods institution said.

Excluding Nigeria, remittance flows to Sub-Saharan African increased by 2.3 per cent.

Veronica Njie reports.