European Journal of Business and Management
Nigerian Migrants' Remittances: The Unofficial Channel
Abstract
The official remittance to Nigeria is reducing while the Central Bank of Nigeria (CBN) grapples with the situation. A survey of about 200 students in a German city showed that most of them remit money via peer-to-peer services. This system is based on mutual trust and costless and reliable service. The survey was designed based on the socio-demographic profile of migrants from previous studies. The article uncovered the amounts being remitted and laid the groundwork for a comprehensive future and wider research.
Keywords: Migrants, migration, Nigeria, remittance, students, US$.
DOI: 10.7176/EJBM/13-23-05
Publication date: December 31st 2021
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ISSN (Paper)2222-1905 ISSN (Online)2222-2839
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