End use impacts of migrant remittances to households in the Southeastern region of Nigeria
Date
2013
Authors
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Publisher
Department of Economics, UNN Nigeria
Abstract
This study assesses the end use impacts of migrant remittances to Nigerian households. Survey findings show the huge inflow of migrant remittances not only increases money in circulation but also positively improves households’ standard of living generally. International remittance flows have proven to be more stable than any other external financial flow (Foreign Direct Investment [FDI], Official Development Assistance [ODA] or other forms of external financing). Migrant remittance into Nigeria is impressively high; World Bank indicators show that Nigeria’s remittance stood at 5.4 billion US dollars (2006) and 10 billion US dollars (2010).
Description
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IDRC-Related Report
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Keywords
REMITTANCES, POVERTY ALLEVIATION, STANDARD OF LIVING, NIGERIA, ECONOMIC GROWTH, MONETARY TRANSFERS, MIGRANT WORKERS, SOUTH OF SAHARA