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Contributions of Diaspora Remittances to Economic Growth & Development in Nigeria: A Housing Finance & Infrastructure Perspective 2000-2023

Migrant remittances remain a critical contributor to the economic growth and development of many emerging nations like Nigeria. The World Bank has estimated that nearly $160 billion is transferred annually through official channels. The study highlights that the likely impact of remittances on economic growth depends on the purpose and how host countries and recipient households use their remittances. If remittances are used for infrastructure investments, human capital development, healthcare, and education, it could have a positive impact on economic growth and development in the long run. T…

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    from https://www.scirp.org/pdf/jssm2024174_29202934.pdf