Examining the Influence of International Migration and Migrant Remittances in Nigeria

Abstract

Migration is a common phenomenon, often driven by solid motivations, mainly involving long-term relocation. Residents of less affluent countries frequently migrate to more prosperous nations for improved livelihoods. Remittances, the transfer of monetary and societal supplies from the nations that host immigrants to their nations, are recognized as a significant outcome of international migration. Nigeria, a prominent recipient of remittances, serves as the focus of this study. The findings unveil that lack of food, security, safety, joblessness, and no income force global immigration to be the only alternative for most people in Nigeria who are not from well-to-do families. The methodology employed in this study is triangulation, which involves comprehensively examining various data sources to reinforce the validity and reliability of the research findings. The research is rooted in the neo-classical theory, delving into global immigration with a specific impact on remittances from their home country.