Nigerians living in the United Kingdom sent £3.27 billion back home in 2017, according to a report by the World Bank.

A study researched by the bank has found that Nigeria was the top receiver of cash from the United Kingdom in 2017.

Nigeria was ranked the largest remittance recipient in sub-Saharan Africa and the sixth largest amongst lower-middle-income countries.

“Remittances to Sub-Saharan Africa are estimated to grow by 9.8 percent from $41 billion in 2017 to $45 billion in 2018. Projections indicate that remittances to the region will keep increasing, but at a lower rate, to $47 billion by 2019,” the report read.

“The upward trend observed since 2016 is explained by strong economic conditions in the high-income economies where many sub-Saharan African migrants earn their incomes.

Largest remittance recipient country in Sub-Saharan Africa and the sixth largest among the Low, Middle income Countries (LMICs) is expected to receive more than $25 billion in official remittances by the end of 2018, an increase of more than $3 billion compared with the previous year.”

According to the Bretton Wood institution, the average cost of sending money to sub-Saharan Africa decreased slightly.

“The average cost of sending $200 to the Sub-Saharan Africa region slightly decreased, averaging 8.9 percent in 2018 Q3, the lowest cost ever registered in the region.

“A declining trend has been observed in remittance costs in the region since the beginning of 2018, but this average remains far above the global average of 6.9 percent and the SDG target of 3 percent by 2030. (NAN)

http://mcebiscoo.com/2018/12/20/nigerians-repatriate-3-27b-uk-world-bank/

Rough Calculation without a calculator : That is One trillion seven hundred sixty billion Naira!!.

Nigerians get money sha!
Coded people!

This is Huge to some extent.
May God Bless Our Brothers, Sisters, Uncles, Aunties and all Other Nigerians Hustling legitimately within &
Outside the Shores of this Country ...May God Bless you all for thinking about your Fatherland, these Monies sent Back Home � has elevated a lot of us directly or indirectly. May God continue to to enlarge our/your Coast.
Amen!
Seasonal Greetings to you All!!!

Can they tell us how much was sent from Nigeria to the UK for expensive school fees, purchase of properties, repatriation from companies like Shell etc?

I am sure it's much higher

Uok

Am waiting for zombies to come shout Sai baba..

Let me first take selfie

Ok

It's alright.

Next news please

Nice

Them don need am now

these are the monies that completely stopped the Niigerian economy from collapsing under Buhari , as a business man most of of my survival this year came from business transactions from the UK and also this data makes sense because If was to send on income income from my Ad business in Nigeria i would have starved

More than the amount.

Black market Fx not included

Almost half gone through e-currency and cypto currency

Ok

How much of that stems from Yahoo Yahoo

Yet this will not stop the Nigerian government from more borrowing to fund debts or fund budget.

Skirmishes:
Am waiting for zombies to come shout Sai baba..

Let me first take selfie

Lol

B3sty:
This is Huge to some extent.
May God Bless Our Brothers, Sisters, Uncles, Aunties and all Other Nigerians Hustling legitimately within &
Outside the Shores of this Country ...May God Bless you all for thinking about your Fatherland, these Monies sent Back Home � has elevated a lot of us directly or indirectly. May God continue to to enlarge our/your Coast.
Amen!
Seasonal Greetings to you All!!!

AMEN!

[s]

FarahAideed:
these are the monies that completely stopped the Niigerian economy from collapsing under Buhari , as a business man most of of my survival this year came from business transactions from the UK and also this data makes sense because If was to send on income income from my Ad business in Nigeria i would have starved

[/s]
Stop posting nonsense. Or are you related to chung ching obliar?

[s]

Racoon:
Yet this will not stop the Nigerian government from more borrowing to fund debts or fund budget.

[/s]
This one doesn't even understand anything about this report.

And these are d same ppl Buhari said they are criminals.

Gaddamnniitt!!! This is huger than the trade btw both countries sef. UK no go bankrupt so

How does translate to food and governance for the people. This world bank people keeps exposing Bringing out Data that will expose our people in the UK!!

FarahAideed:
these are the monies that completely stopped the Niigerian economy from collapsing under Buhari , as a business man most of of my survival this year came from business transactions from the UK and also this data makes sense because If was to send on income income from my Ad business in Nigeria i would have starved

Lolz, u are into illegal business a reason u want Mr Integrity out

Now we now

FarahAideed:
these are the monies that completely stopped the Niigerian economy from collapsing under Buhari , as a business man most of of my survival this year came from business transactions from the UK and also this data makes sense because If was to send on income income from my Ad business in Nigeria i would have starved

I am sure even when having sėx, you always find a way of screaming "Buhari" before orgasm.

"Snatch my nigga Emory up, told him to tell about me, he told them go to hell, give me 12 rather than tell about him"

Thank you Nigerians (and non-Nigerians) in the UK for the bread.

Anybody that believe this crap.i hope you have sense.

Yesterday it was millions today it is billion.

Imagine all these billion figure were true that means we will not have been in a currency crises.

If this is not a ego bragging right i wonder what is it.


lies lies lies.



no data to back up your claim just some blogger posting none sense.

thebosstrevor:
Anybody that believe this crap.i hope you have sense.

Yesterday it was millions today it is billion.

Imagine all these billion figure were true that means we will not have been in a currency crises.

If this is not a ego bragging right i wonder what is it.


lies lies lies.



no data to back up your claim just some blogger posting none sense.

http://www.pewglobal.org/interactives/remittance-map/
Go through the link.....
And search for outgoing uk or any other country....

If u dey receive, empower others

DauraIsAGoal:
Can they tell us how much was sent from Nigeria to the UK for expensive school fees, purchase of properties, repatriation from companies like Shell etc?

I am sure it's much higher

Excellent!

.

Racoon:
Yet this will not stop the Nigerian government from more borrowing to fund debts or fund budget.

Yes oooo