African Voice - ISSUE 469

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Friday, 8 February 2013 – Thursday, 14 February 2013

WWW.AFRICANVOICEONLINE.CO.UK

ISSUE 469

SINCE 2001

B R I TA I N ’ S N O . 1 A F R I C A N N E W S PA P E R

£1.00

Nigeria Unveils Plans For Centenary Celebrations

Tayo Situ Foundation’s patron Prem Goyal receives OBE

SEE PAGE 7

SEE PAGE 5

Drug dealer jailed for 13 years SEE PAGE 14

Africans pay most to send money home Providers of remittance services to Africa pocketed $7bn last year

By Alan Oakley

According to figures released by World Bank, in the year to November 2012 alone, 30 million African migrants sent close to US$60 billion (£38 billion) in remittances; and paid more for the privilege than any other migrant group. Sub-Saharan Africa is the most expensive region to send money to, with average remittance costs based on the cost to send US$200 reaching 12.4 per cent in 2012. The average cost of sending money to Africa, again based on the cost to send $200, is almost 12 per cent higher than the global average and almost double the cost of sending money to South Asia. The World Bank is aiming to bring down the cost of sending remittances worldwide to an average 5 per cent by 2014,

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Nigerian Minister Attends Education World Forum in UK Centre: Prof Rugayyatu Rufai, the Education Minister, second right, His Excellency, Dr. Dalhatu Sarki Tafida, OFR, CFR, High Commissioner of Nigeria to the UK, From left: Prince Tajudeen. Adeniyi Minister/Special Assistant to the HC, Prof. Sagir, SA to the Minister and extreme right: Dr. Mac John Nwaobila, Permanent Secretary, Ministry of Education during a courtesy visit after the Global Summit for Education Ministers 2013 in London - Theme: “Policy-Making for Quantity, Quality and Impact”.

Photos: Bukola Grace Odusina

Each year, millions of migrants leave their homes and families behind to make a living overseas. And every year, these migrants send billions of dollars, spending further millions on remittance fees in the process, home to their loved ones, who often depend on this money for their survival, health, education and livelihood.


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