Nigeria: No, ‘Detty December’ Remittances in Nigeria Did Not Equal 4 Percent of the Country’s GDP, As Claimed By Former Governor

No, ‘Detty December’ remittances in Nigeria did not equal 4% of the country’s GDP, as claimed by former governor

• The former governor based the claim on a Wikipedia entry, which quoted a 2021 news article.
• Official and complete stats for remittances and GDP in 2024 are not yet available, and experts say the governor’s claim is most likely an overestimation.
• Data for previous years shows that total remittances per year, not December alone, have been between 4% and 5% of Nigeria’s GDP.

The former…