
Nigeria made $300 million with a bond targeted at the 15 million Nigerians living abroad
$300 million
The Nigerian government raised $300 million through a five-year bond targeted specifically at Nigeria’s diaspora population.
Published
| Photo by Reuters/Akintunde Akinleye 
There are about 15 million Nigerians living abroad. And they send billions of dollars home every year.

Nigeria is the sixth country in the world to receive most remittance money, and the first in Africa.

Countries that received most remittance money in 2016


So Nigeria decided to create the bond and channel some of that money into paying its huge public debt.
