The Economic Power of Nigeria’s diaspora

Strength from Abroad

In this paper, we take a close look at the volume and value of remittance flows into the country, as well as regionally and globally. In addition, the paper also highlights the potential importance to the Nigerian economy, and tries to answer the following questions:

  • What are remittances and what relevance do they hold for a country's economy? 
  • What is the trend in global remittances and what are the factors driving these trends? 
  • Which countries account for the largest inflows in Sub-Saharan Africa (SSA)? 
  • How much remittances flow into Nigeria? 
  • What are the top countries that account for the significant share of remittance flows into Nigeria? 
  • What is the population of Nigerian migrants overseas? What is the future growth of this diaspora? 
  • What is the importance of, and the contribution of remittances to the Nigerian economy? 

 

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Andrew S. Nevin

Partner & Chief Economist, PwC Nigeria

Tel: +234 1 271 1700

Omomia Omosomi

Manager, PwC Nigeria

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Delia Asuzu

Senior Manager/Head Marketing & Communication, PwC Nigeria

Tel: +234 1 271 1700

Oluseyi Agbedana

Senior Manager , PwC Nigeria

Tel: +234 1 271 1700

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