‎ ‎CBN Unveils Digital BVN Platform For Nigerians In Diaspora ‎

‎The Central Bank of Nigeria, ( CBN), in  partnership with NIBSS, has launched the Non-Resident Bank Verification Number platform in Abuja. I
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‎The new platform will help  Nigerians abroad to get a BVN remotely, ending the need for physical presence in Nigeria.
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‎Speaking at the event held in Abuja on the CBN Govenor, Olayemi Cardoso, said that the platform is  a great development  in Nigeria’s financial inclusion and a critical bridge connecting the country to its global citizens.
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‎“For too long, many Nigerians abroad have faced difficulties accessing financial services at home due to physical verification requirements,” said the Governor.
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‎”The NRBVN changes that through secure digital verification and robust Know Your Customer (KYC) processes, Nigerians worldwide should now be able to access financial services more easily and affordably.”
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‎“We are building a secure, efficient, and inclusive financial ecosystem for Nigerians globally,” he said.
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‎“This platform is not just about financial access—it’s about national inclusion, innovation, and shared prosperity.”
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‎On disaopra remittance, he said the inflows rose to $4.73 billion in 2024 from $3.3 billion in 2023.
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‎He assured  that the NRBVN, with complementary policy measures, could help Nigeria reach its target of $1 billion in monthly remittances.
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‎“With the introduction of NRBVN and complementary policy measures, we are optimistic about achieving our ambitious target of \$1bn in monthly remittance flows.”
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‎The Deputy Governor, Economic Policy, CBN, Mr Muhammad Abdullahi, also  described the NRBVN initiative as a transformative tool for enhancing the banking experience for Nigeria’s diaspora.
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‎He called on  stakeholders to collaborate in refining the platform to meet the evolving needs of the diaspora community.
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