New Trump-Backed Bill in U.S. Threatens Nigeria’s $21bn Remittance Inflow with Proposed 3.5% Tax on Diaspora Transfers
Nigeria’s foreign exchange earnings from diaspora remittances may soon come under significant pressure following the passage of a controversial bill in the United States that proposes a 3.5 per cent levy on international money transfers made by non-citizens. The bill, titled the “One Big Beautiful Bill Act,” is a sweeping legislative initiative spearheaded by former
