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How to Send money to Nigeria from Los Angeles?

The city of Los Angeles is famous for its glitz and glamour. With a total population of close to 4 Million, it is the most populous city in the State…

The city of Los Angeles is famous for its glitz and glamour. With a total population of close to 4 Million, it is the most populous city in the State of California. Numbers suggest that 365,118 African Americans are present in this diverse city. It makes up 10 % of the total population in the city. Nigeria has close to 300000 people in the US with California housing around 23,302. These numbers are subject to change just like the remittances which are increasing year by year from the US. The Nigerians in California send money to Nigeria banks from Los Angeles, Long Beach, and Santa Ana.

They make use of various services for remitting money back home, but do they know their choices? What does FAZRemit have in store for these important services?

What are the Choices?

The diaspora mainly makes use of two platforms to remit money to Nigeria. The banks offer safer and more secure transfer services. Yet the processing fee for the international money transfer is completely dependent on the fluctuating Foreign exchange rates. An unfavorable fluctuation to the rates can increase the processing fee for transfers, causing trouble for the users. They also take anywhere from 2-3 weeks to remit the money to banks in Nigeria from the US. Banks offer security but neither affordability nor quick transactions.

International Money Transfer Operators make use of branch-to-branch transactions in order to speed up the transfer service. This platform charges the customers a premium for availing their services. The fees may rise up to 10% of the total remittance amount. This “faster” service takes 2-3 days to remit money into their Nigerian branches. The branch model of remittances also causes more work for the end users who want to deposit it into their accounts. IMTOs offer fast and reliable transactions, yet the processing fees can burn a hole in the pockets of customers.

The New Entrant

This niche in the market saw a new platform, online money transfer service providers like FAZRemit. Fazremit is able to provide fast, reliable, safe transactions at affordable rates. The Nigerian diaspora can send money to Nigerian banks from Los Angeles, Long Beach and Santa Ana in an instant. Online services have been on the rise due to the increase in the online presence of Nigerian citizens. Estimations show 56% Nigerians having access to the internet in Nigeria.

Read: Internet is spurning the Nigerian Economy Forward.

FAZRemit And Its Services

FAZRemit assures its customers’ fast transactions online with the click of a button. The requirements for registering are minimum yet they offer banking-level safety. KYC documentation during registration creates a user-friendly and legally compliant platform. Moreover, it can be accessed from anywhere online to send money to Nigeria from the US.

FAZRemit offers the lowest transaction fees and the highest value for its services. The transfers take place directly into Nigerian bank accounts of the benefactors.

With FAZRemit, it is easy to send money to Nigeria from Los Angeles, Long Beach, and Santa Ana at the click of a button.

Join FAZRemit today in order to take advantage of instant money transfers.

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Join FAZRemit to fight against Child Labor in Nigeria

International Labor Organization (ILO) launched June 12th as World Day Against Child Labor in 2002. The day is a commemoration of the millions of children forced to work illegally globally….

International Labor Organization (ILO) launched June 12th as World Day Against Child Labor in 2002. The day is a commemoration of the millions of children forced to work illegally globally. Various reasons around the globe force 168 million children to engage in child labor. The event tries to highlight the problems faced by child laborers and how to prevent child labor.

Child Labor refers to employing children under the age of 14 in dangerous work environments. Being in child labor prevents their ability to attain education to achieve growth for the future.

Child labor is present in every country in the world. However, it is more so in the economically unstable sub-Saharan countries of Africa. UN estimates show 48 million children are working before the age of 14 to support their families in these countries.

Child Labor in Nigeria

Nigeria is the largest country in Africa in terms of population. The economy of the country is oil dependent and part of the OPEC nations. We see the recent effects of the global oil markets in the country’s economy. The Nigerian economy is reeling under instability leading to increased market prices and living costs.

Child labor in Nigeria is at an all-time high according to the 2018 estimates. Estimates in 2017 reported that 15 million child laborers were present in the country. Today, almost half of Nigeria’s 79 million children between 5 and 17 are child laborers. Economic instability has fueled this increase in many parts of the country.

The Causes and Path to Abolishment

Nigerian officials point towards widespread poverty, rapid urbanization and breakdown of family affiliations as causes for an increase in child labor. Child labor of various types have gradually eroded the bright future of the Nation.

Poverty is the major cause of Child labor in the nation. It is a major source of income for the families under the poverty line in Nigeria. The country is high on poverty rates with 87 million estimated to be under the poverty line. Scarce employment opportunities for the qualified have increased the number of Nigerians leaving the country in search of brighter futures.

The government needs to bring in strict laws against child labor which would be a start. Educating the growing younger generation will help to create opportunities for a better future. The gradual reduction of poverty and better economic stability can help abolish child labor.

Nigeria has diversified its economy from oil in the past few years, yet the GDP needs considerable help through remittances. The Nigerian Diaspora around the world remitted $24.5 billion in the last year. They received $7.2 billion from the United States alone in 2018. Personal remittances represent 5.9% of the country’s total GDP for the year 2018.

Remitting For a Brighter Future

The Diaspora understands the hardships the country is under and their loved ones face. It is even more important to not taint the help they receive but value it. Remittance money often helps the benefactors to have a better life. It allows their children to attend school to build brighter futures.

The mediums of remittance in use today do not value the importance of remittances enough. Banks and IMTOs are slow and charge a premium for the humanitarian aid that is reaching the country from its Diaspora. Well, it is changing and changing for good.

The increase in mobile and internet penetration in Nigeria is leading to the use of online money transfer services like FAZRemit. FAZRemit assures its customers, value for their transactions and the lowest processing fees. We know the importance of these remittances in helping to abolish child labor.

Read: Importance of an affordable medium of Money Transfer to Nigeria

Use FAZRemit for Remittances to Nigeria from the US

FAZRemit provides its customers with fast, safe and affordable transactions to Nigeria from the US.

Registering with the service is easy to do online. KYC documentation checks of the initiation and end points safeguard the customers and their money from online scams. FAZRemit provides the opportunity to make a difference in the lives of your loved ones.

The processing fee for the services offered by FAZRemit amount to 1.7% of the total remittance amount. This assures the customers, value for their transactions and the least loss of economic progression.

Since Nigeria adopted Child Labor laws 20 years ago, 20 million children still work as child labors. 6 million of Nigeria’s children do not even go to any schooling. This is a world crisis that needs to be managed properly.

This year’s theme for Child Labor Day on June 12 is: Children shouldn’t work in fields, But on dreams.

Use FAZRemit to help your loved ones to dream of a better future and achieve it. Join FAZRemit to save money on remittances to use it on the real need. Let us help to Abolish Child Labor.

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How to Send money to Nigeria from Baltimore?

United States, the land of opportunities have attracted people from far and wide for years due to the gateways it presents. It has rung true with the majority of African…

United States, the land of opportunities have attracted people from far and wide for years due to the gateways it presents. It has rung true with the majority of African diasporas settling in the US for brighter futures. Nigeria, the largest country in Sub-Saharan Africa by population receives the highest remittance in the continent. Of the total, $7.2 billion was remitted from the US alone. This is in direct relation to the presence of more than 300,000 Nigerian Americans in the country.

The diaspora sends money from Maryland, Baltimore, and Towson to Nigerian banks as remittance for their families. What are the services they have as options and what does FAZRemit have to offer them?

Traditional Methods Of Transfers

The Banks have offered money transfer services since their advent. International money transfers are also offered by these banks assuring high security albeit with various stopgaps. The processing fee for an international transfer through the banks is relevant to the day’s foreign exchange rate. Fluctuating rates mean that the diaspora never gets a standard service fee for transfers to Nigeria. The remittance may also take anywhere from 2-3 weeks to reach the benefactor’s bank account.

International Money Transfer Operators make use of branch-to-branch transfers in order to achieve faster transfer times. They do this at premium rates of 8-10% of the total amount to be transferred. They also do not safeguard the security of the customers’ money and are prone to illicit activities. It is possible to send money from Maryland, Baltimore, and Towson to Nigeria through these services. Even though they assure money transfers in 2-3 days, they do not remit money to Nigerian Banks, but to their branches. This can be a hindrance for various benefactors who cannot facilitate the movement of money to banks themselves.

The Modern Gateway

The Nigerian diaspora is increasingly making use of online money transfer platforms like FAZRemit. This increase is supplemented by the technological growth in Nigeria with more than half of the population having access to the internet. This method of easily transferring money has helped to increase the remittance rates to Nigeria. The service has enabled them to send money from Maryland, Baltimore, and Towson to Nigeria at affordable rates. The transfers are instant and take place through the bank accounts of the customers. Anyone can use FAZRemit due to the easily accessible platform and ease of use of the interface.

Read: Online Services are trumping Banks and IMTOs.

FAZRemit The Future

We provide all the advantages with none of the drawbacks of traditional service platforms for International money transfer to Nigeria.

FAZRemit customers are assured fast, affordable and secure transaction to Nigeria from the US. The transactions take place instantly at the click of a button. The documentation verification during registration helps in the safeguarding of the customers’ money. Instant money transactions are done at the lowest processing fees in the market.

24/7 customer care enables prompt solutions to any problems the customer may face. The easily usable interface is an added advantage for the families in Nigeria to access information.

Join today at FAZRemit to access the online service to send money to Nigeria from the US directly.

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Oil-driven Nigerian Economy Now Depending on Remittances from USA to Nigeria

Nigeria has been a member of the Organization of the Petroleum Exporting Countries(OPEC) since 1961. It would be wise to think exporting oil is its main GDP contributor. The fact…

Nigeria has been a member of the Organization of the Petroleum Exporting Countries(OPEC) since 1961. It would be wise to think exporting oil is its main GDP contributor. The fact is remittances from its diaspora increased by 19% to $24.3 billion in 2018. This is a new high for the Nigerian economy supposed to be oil-driven. Remittances from USA to Nigeria made up almost 30% of it. This is while crude oil exports fell by almost 30% during the same time.

Afrinvest, an investment firm, states that Nigerians in the United States are the main contributors to the remittance inflows.

What are the Absolute facts?

On the Oil-Driven Economy

Since joining the OPEC in 1971, Nigeria has seen little development economically other than in the last decade.

The highest oil output of 2464 barrels per day was attained in 2010. This was after heavy investment in oil-related infrastructure by foreign companies. With high fuel prices at the time, it seemed a step forward in the right direction. Fast forward just 7 years and you see the drop in production due to various reasons. Production reached a new low in 2017 when just 1738 barrels were produced per day by the OPEC nation.

On the Remittance front

Nigerians living outside the country are the biggest export” according to the chief economist at PriceWaterCoopers (PwC) Nigeria, Prof Andrew Nevi. It is hard to not agree with him when the effect it has on the Nigerian economy is astounding. Out of $24.3 billion dollar remittance, almost $7.2 billion was remittances from USA to Nigeria. The increase of remittance flow by 20.8% makes the USA the highest remitting country to Nigeria.

What Do they Project?

Nigeria’s GDP growth jumped from 0.8% in 2017 to 1.9% at the end of 2018. This was still below the projected 2.3%, mainly due to variations in prices of crude oil and its output globally. Looking at the oil supply and demand on a global scale, there are various uncertainties. These are adversely affecting the Nigerian economy.

Read: Stabilised economy after dip in Oil Prices

All this while the 3 million-strong Nigerian diaspora in the US contributes significantly to the growing economy. The remittances to Nigeria made up 83% of the federal government’s capital budget in 2018. $7.2 billion remitted by Nigerians in America was more than the entire capital expenditure for 2019. The capital expenditure of Nigeria stood at $6.7 billion for 2019. This is according to Afrinvest again.

What Does it all Mean?

Stats do not lie when they show that an oil-driven economy is depended on remittances from its diaspora. It is especially true for the Nigerian economy where remittances from USA to Nigeria play a part in it. These are used for the basic needs of the population in the sub-Saharan country. Health upkeep, education, and physical empowerment are the main spending areas of the nation’s population.

More Efficiency can go a long way

Total remittances grew from 4.86% to 5.86% of the total GDP of the country in 2018. It is, therefore, most important to make use of online services like FAZRemit which improves the efficiency of remittances. FAZRemit offers fast, affordable and secure remittances from USA to Nigeria. They also provide the lowest rates for remittances at 1.7%. And it can be done in an instant with its online platform.

Join today at FAZRemit, to remit money to loved ones in Nigeria.

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How to Send money to Nigeria from Chicago?

Chicago is the third-most populous city in the United States of America with a total population of 2,705,994. It also holds one of the largest amounts of African immigrant population,…

Chicago is the third-most populous city in the United States of America with a total population of 2,705,994. It also holds one of the largest amounts of African immigrant population, with 15,389 coming from Nigeria. Nigeria is the largest country in Africa in terms of population and has seen widespread immigration in recent years. This has been due to the political and economic imbalance in the country and slow growth. Nigerian Americans find the US to be a gateway towards a brighter future. This has also led to an increase in the amount of money remitted to the African nation from the US. Nigerian Americans send money to Nigeria from Chicago, Joliet, and Naperville to support the flailing economy. It accounted to $7.2 billion the last year, with the use of online platforms like FAZRemit rising.

How is Money Remitted to Nigeria?

The US plays a major role in the amount of money that is being remitted to Nigeria yearly. The increase from $6.2 billion to $7.2 billion during the last year is seen as justified growth. Nigerian Americans make use a variety of platforms to send money to Nigeria.

BANKS

Banks offer secure money remittance services to Nigerian banks at fluctuating foreign exchange rates. The fluctuating processing fees depend upon the foreign exchange rate prevalent at times of transfer. This can adversely affect the diaspora and cause losses for them over a while. The time taken for these remittances to reach the Nigerian banks may be anywhere from 2-3 weeks. This can also be a hindrance for the customers.

IMTOs

International Money Transfer Operators(IMTOs) make use of branch to branch money transfers in order to make it a faster service. They may still take anywhere from 2-3 days to remit money and it may still not be in the Nigerian banks. This is a   for the remittance benefactors who may find it troublesome to go to the IMTOs branches in Nigeria.

Automated Online Platforms

Automated online platform services like FAZRemit transfer money through bank accounts at fast and affordable rates. They have been used increasingly to send money to Nigeria from Chicago, Joliet, and Naperville instantly. Security is not an issue due to diligent security checks for safer transactions. FAZRemit also assures its customers the fastest transactions at the lowest processing fees. Benefits from online automated services like FAZRemit far outweigh the traditional methods.

Read: How are the Online platforms creating better avenues to send money to Nigeria?

FAZRemit’s Online Money Transfer Platform

Customers can register on the FAZRemit platform to avail services to send money to Nigeria from Chicago, Joliet, and Naperville. Online transactions can be used to send up to $2499 instantly to Nigerian Banks of the benefactors. FAZRemit understands the importance of remittances in the flourishing of Nigerian lives. They have a customer-centric approach which creates a user-friendly interface and service.

The internet boom in Nigeria is further assisted with Mobile-wallet services offered by FAZRemit. They assure fast, safe and affordable transactions directly into the Nigerian Bank accounts of benefactors.

Documentations submitted during the registration are reviewed for the safety of its customers. This enables secure transactions and safeguards the customer’s money. All these transactions can be instantly remitted at low processing fees.

FAZRemit users can send money to Nigeria from Chicago, Joliet, and Naperville at the click of a button. 24/7 customer service enables prompt support and creates a user-friendly experience. All the details are directly accessible to the customer enabling swift decisions to be taken based on them.

The control of the remittances lies with the customer whereas the platform provides safety and security. Join FAZRemit today to avail these services to remit money to your loved ones.

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How to Send money to Nigeria from Dallas?

Nigeria the largest number of immigrants from African nations in the United States. They boast of having hugely successful education rates and high household incomes. Dallas is a modern metropolitan…

Nigeria the largest number of immigrants from African nations in the United States. They boast of having hugely successful education rates and high household incomes. Dallas is a modern metropolitan area in Texas, US which houses close to 60,173 Nigerian Americans. The remittances from the United States amounted to $7.2 billion in the year of 2018. The immigrants send money to Nigeria from Dallas, Fort Worth and Arlington as remittance to support their families. These remittances have helped the Nigerian economy to grow leaps and bounds. The options they have for remittance is limited yet there is a winner.

Options Limited

Banks offer a safe and reliable platform to transfer money to Nigeria for the diaspora. These transactions have variable processing fees due to fluctuating foreign exchange rates. The fees may be a hindrance due to the fluctuating foreign exchange rates. They also take up to 2-3 weeks to remit the money to Nigerian banks across the continent. This late remittance may be a huge roadblock for the immediate needs of the users.

International Money Transfer Operators(IMTOs) provide a faster remittance corridor but charge a premium as processing fees. The 2-3 day service would cost a Nigerian American 8-10% of the total amount to send money to Nigeria from Dallas, USA. They also remit money to their branches rather than to the Nigerian banks causing further discomfort for the end benefactor. Their reliability is also in question due to the means of the services and the volume of transactions handled by them.

The new banking laws in Nigeria has created a void for hassle-free remittance services. Automated online service platforms give the diaspora a better means for their needs.

Read: How different are IMTOs and Banks remitting Money. Is there another option?

Automated Online Money Transfer Platforms

Automated online platforms like FAZRemit provide better, safer, faster and affordable services to send money to Nigeria from Dallas. By creating an online corridor, they attain secure and fast cross border remittance transactions at the lowest fees.

FAZRemit makes use of the technological growth Nigeria is undergoing for remitting money to end users directly. FAZRemit does end-to-end transfers taking into account the needs of the customers. With more than 87% owning a smartphone and 56% having access to the internet in Nigeria, this is a better solution.

FAZRemit and Its Advantages

Registering onto the platform allows users to instantly send up to $2499 to their loved ones in Nigeria. The remittance takes place instantly into the Nigerian bank accounts of the benefactors. Documentations submitted during the registration are reviewed for the safety of its customers. This enables secure transactions and safeguards the customer’s money. All these transactions can be instantly remitted at low processing fees.

They also offer the service of Mobile-wallets which is helping Nigeria to become a cashless economy. These remittances also help Nigerian society to grow faster in a slowing economy.

FAZRemit users can send money to Nigeria from Dallas, Arlington, and Fort Worth at the click of a button. 24/7 customer service enables prompt support and creates a user-friendly experience for the customers. All the details are directly accessible to the customer, enabling swift decisions to be made based on them.

The control of the remittances lies with the customer whereas the platform provides speed, safety, and security. Join FAZRemit today to avail these services at no cost.

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How to Send money to Nigeria from Washington?

Nigerian Americans have been hailed as the most successful immigrant diaspora in terms of education-attainment in the US. Nigeria has also been hailed as the African country with the largest…

Nigerian Americans have been hailed as the most successful immigrant diaspora in terms of education-attainment in the US. Nigeria has also been hailed as the African country with the largest diaspora in the US. The metropolitan area of Washington is the second most popular destination for African immigrants. The remittance data to Nigeria show that $7.2 Billion was sent to Nigerian banks in 2018 alone. The demand for a corridor to send money to Nigeria from Washington, Arlington and Alexandria have been on the rise. The 171,000 strong African  Americans from Washington are finding remittance corridors to send money to their loved ones.

Let us take a look at their options including online automated services like FAZRemit.

Existing Services

The existing services for remittances include banks, International money transfer operators and online services. Banks provide a reliable money transfer to their customers. The transfers across borders take into account the fluctuations in foreign exchange. This could be a boon or bane for the users according to the foreign exchange fluctuation. Moreover the time they take for the transfers to go through creates a problem for the users in time locks. Bank transfers take anywhere from 2-3 weeks to remit money to African countries like Nigeria.

IMTOs are faster on this front and also provide standard rates. The standard rates may add up to 8-10% of the total amount remitted which is a loss for the users. 10% of the remittance records of $7.2 billion sent to Nigeria is a huge amount to pay as fees. Even though they claim fast remittances it may take 2-3 days to send money to Nigeria from Washington. That in this age of time is unacceptable. Also, most of them are unable to send money directly to the Nigerian banks.  Even though it may seem better than the banks, there is a better solution.

The Solution

The solution to sending money to Nigeria from Arlington, Alexandria, and Washington are correlated with the technological growth in Nigeria. There are signs of major growth on the internet front in Nigeria. Now 87% of Nigerians own a smartphone and 56% have access to the internet. This paves the path for automated online money transfer service providers like FAZRemit to be a force in remittance services. FAZRemit proves to be a frontrunner with fast, affordable and safe transactions to Nigeria from the US.

Read: Online automated services have taken over the industry.

FAZRemit and The Revolution

Remittances from the US reached $7.2 billion in 2018, which was an increase from $6.2 billion the year before. This remittance corridor supports the growth of families of the diaspora back in Nigeria. FAZRemit offers its online services to send money to Nigeria from Washington and various other states in the US.

Online registrations help the diaspora to send money instantly to Nigerian banks at very low prices. The safety and security of the users are of utmost importance to FAZRemit. The platform offers these services at the lowest processing fee often amounting to just 1.7%.

Send money to Nigeria from Arlington, Washington, and Alexandria in an instant using FAZRemit. Join today to avail these services at your fingertips.

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How to Send money to Nigeria from Houston?

America, the land of the free is home to around 3 million Nigerian immigrants. They have come to the states in order to achieve a better living condition. The state…

America, the land of the free is home to around 3 million Nigerian immigrants. They have come to the states in order to achieve a better living condition. The state of Texas has the largest number of Nigerian immigrants currently in the US. It should come as no surprise that the diaspora sent a total remittance of $7.2 billion to their country in 2018. This is correlated with the increase in internet and mobile penetration in Nigeria. It has become easy to send money to Nigeria from Houston for the Nigerian Americans in Texas. Online service providers like FAZRemit provides fast, safe and affordable platforms for remittances to Nigerian Banks. With over 25 banks already in a partnership, you can be sure we provide for your needs.

How Does Money reach Nigeria?

With a Nigerian American population of 60,173, Texas ranks as the state with the largest diaspora. This has lead to heavy traffic relating to remittances to Nigeria from the state. The opportunity has been utilities by various online platforms like FAZRemit to serve the Diaspora for the same. You can send money to your loved ones in Nigeria from Houston, Sugar Land, Baytown with the click of a button.

There is a plethora of International Money Transfer Operators (IMTOs) and banks which offer their services to send money to Nigeria from Houston, Texas. Banks transfer internationally with the exchange rates of currencies being the only variable. These transfers are reliable and safe but may take 2-3 weeks to go through.

IMTOs, on the other hand, may take 2-3 days to remit the money to Nigerian Banks. But they charge anywhere between 8% and 10% of the total amount as processing fees.

There are none who can offer the value of automated services like FAZRemit. They provide fast services at affordable prices and banking-level safety.

Why FAZRemit?

FAZRemit is authorized by the New York State Department of Financial Services to carry out remittances from USA to Nigeria. They also offer services to send money to Nigeria from areas like Houston, Sugar Land, and Baytown. Due to its diligent network of banks and partner services,  FAZRemit guarantees fast, affordable transactions to Nigeria. The processing rate of just 1.7% makes sure to keep the service customer-oriented. The KYC documentation and a wide range of banking partners in Nigeria assure reliable transactions.

Get Started With FAZRemit

FAZRemit helps you to send money to your loved ones online with a few clicks of the button.

You can wire money online from the United States to Nigeria with FAZRemit by following these simple steps.

  1. Register with FAZRemit with valid proof
  2. Add the beneficiary by giving beneficiary details
  3. Wait for verification of the beneficiary account
  4. Send up to $2,499 to the beneficiary instantly.

The FAZRemit platform also provides instant money transfer with use of Mobile Wallet. Send money to Nigeria from Houston, Sugar Land and Baytown with ease using FAZRemit services. Prompt customer service with 24/7 availability makes it one of the best customer-oriented services available right now.

What are you waiting for? Send money to Nigeria with safety, reliability and affordability at FAZRemit!

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Pledge to Ensure Food Safety with FAZRemit | World Food Safety Day 2019

June 7, 2019, will be the first-ever World Food Safety Day commemoration in the history of mankind. The United Nations General Assembly adopted it in December 2018. The theme for…

June 7, 2019, will be the first-ever World Food Safety Day commemoration in the history of mankind. The United Nations General Assembly adopted it in December 2018. The theme for this year is “Food Safety: Everyone’s Business”.

Food is the starting point of energy, health, and wellbeing of a person. More importance is on the quality of food, rather than the quantity. To have a healthy diet, it is important that nutritious food is available to the person.

The Nigerian economy, reeling under instability has led to increased market prices.  Remittance money flowing in to aid the beloved families of Nigerian immigrants due to the soaring prices have increased. You too can send money to Nigeria online to support your loved ones using FAZRemit at affordable rates.

What is Actual Food Safety?

To understand the importance of the decision to commemorate food safety, we need to know what food safety is.

Food safety is the absence of hazardous ingredients in the food that a human consumes. Bacteria, pesticide and insecticide residues in the meals we eat will harm our body and make it prone to diseases.

Unsafe food is a concern for developing nations because of the lack of economic ability to sustain safety measures. It affects women, children, migrants and populations affected by conflict. It is especially relevant to the Sub-Saharan countries for the lack of economic capabilities to sustain such standards.

With about 600 million cases on average relating to food safety issues, it is high time to work on this issue. Therefore, food safety is important for a healthy and energetic population of a country aiming for economic and social development.

Read: Food Safety is related to Food Security

Where does Nigeria stand?

The country of Nigeria is one such with unemployment on an all-time high along with economic instability. Less than 40% of the 200 million-strong population is under full employment. The country is high on poverty rates with 87 million estimated to be under the poverty line.

The country’s GDP highly depends on oil and agriculture. Yes, agriculture. Yet as exports soar, people still have no money to buy food.

The inflation in the country has increased year by year since 2016. It made prices to jump up by 70% in the time between 2015 and 2017. This makes it a hard ask to focus on food safety in Nigeria. Especially,  when there is no food on the table for over 25% of the population.

Fluctuations in foreign exchange rates have also affected bank transfers into the country. This has increased the use of services like FAZRemit to send money to Nigeria online.

What is June 7th changing in Nigeria?

Organizations and individuals are trying their best to ease this pain of food safety for the Nigerian people. They have involved NGOs like Food Bank Nigeria to address food security challenges. People worldwide are using online money transfer services to help the cause in Nigeria.

Action Against Hunger (AAH) reports that the food security challenge is a humanitarian crisis in Northern Nigeria.  This crisis has already displaced 1.5 million people with over 4 million affected on the whole. They need Humanitarian help for the crisis and to provide food security to the citizens in Nigeria.

How Does FAZRemit help?

The economy of Nigeria heavily depends on the remittance from its diaspora. With over $24.5 billion being remitted, it makes up 6% of the total GDP of the country. It increases the importance of having a safe and affordable money transfer service to Nigeria.

FAZRemit offers a fast, safe and affordable online money transfer services to Nigeria from the United States.  At this time of need, it is important to have the best value for remittances and FAZRemit knows this best.

FAZRemit offers its services at the lowest rates in the market. We charge a fee of 1.7% to send money to Nigeria online which offers insane value.

Registering to FAZRemit is easy to do online. The platform checks KYC documents of the customer for the safety and security of the transactions. Everyone can use the easy-to-use interface and it gives the customer complete access to online transactions.

FAZRemit helps the diaspora to aid their loved ones and the economy in Nigeria with remittance inflows. They help the diaspora send money to Nigeria online to their families to help support their basic needs. Food safety is related to Food Security in more ways than one. With the current economic situation of the country, citizens need all the help they can get to attain food security.

Join FAZRemit to save money on your remittances to use it on the real needs at hand.

This June 7th, use FAZRemit as your online money transfer service to make a difference to the Nigerian community.

 

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How to Send Money to Nigeria from Atlanta

The United States of America is home to a 3 million-strong Nigerian diaspora. They have come to the states for a secure and bright future. The state of Georgia has…

The United States of America is home to a 3 million-strong Nigerian diaspora. They have come to the states for a secure and bright future. The state of Georgia has one of the largest population of Nigerian immigrants currently residing in the US. The estimated number being 19,182 in the state of Texas alone. The diaspora sent $7.2 billion in total remittance to their loved ones in Nigeria in 2018. This is due to the increase in internet and mobile penetration in Nigeria and also due to slow growth in the country. It is now much easier to send money to Nigeria from Atlanta due to online service providers like FAZRemit. FAZRemit provides fast, safe and affordable platforms for remittances to Nigerian Banks in the African country.

How is Money wired to Nigeria?

The Nigerian Diaspora wires money to Nigeria in mainly 3 ways

Bank Authorised Transfers

Banks provide remittance services to Nigerian Americans to wire money to Nigeria from the USA. They are safe and reliable but can burn a hole in your pocket due to exchange rate fluctuations. Also, they take anywhere from 2-3 weeks to remit the money in the destination bank. They provide reliability but are slow and expensive.

International Money Transfer Operators (IMTOs)

IMTOs are fast and reliable platforms for remittances. They have offices in hundreds of places including Atlanta, Sandy Springs, and Marietta. But, the processing fees charged by them range from 8-10% of the total remitted money, which is a big loss. They may also take 2-3 days for a normal transfer and have not proved to be very reliable with security. Many of them don’t offer direct transactions to Nigerian banks.

Online Money Transfer Platforms

Online money transaction platforms like FAZRemit makes it possible to send money to Nigeria from Houston at an instant. They are replacing traditional services with their reliable and affordable service offerings. Keeping pace with technology, they are currently on the front foot.

Read: Online money transfer services are replacing traditional ones

The Choice You Should Make

Automated online money transfer platforms like FAZRemit focus to eradicate the weaknesses of these traditional methods. The weaknesses that FAZRemit focus on include

  • Speed of the transaction
  • Affordability of the transaction
  • Reach of the transaction
  • Safety and security of the remittance

Yes! FAZRemit strives to give the customer all the benefits yet none of the risks of the traditional transfer methods. Even send money from Atlanta, Sandy Springs, and Marietta directly to over 25 Nigerian bank partners.

To send money to Nigeria from Houston via FAZRemit, you just have to follow these 3 simple steps:

  1. Register using your e-mail ID
  2. Verify your e-mail and submit your KYC documents including your Passport and Address Proof
  3. Once the verification is complete, add a beneficiary and send up to US$2499 instantly

There are no reliability issues due to the 24/7 customer service and prompt back end services. Join the service platform of FAZRemit to make use of the new way of remitting money to Nigeria.

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