NIGERIAS - $10 BN IN REMITTANCES (2009)
Tuesday, November 10, 2009

Nigerians abroad send at least $10 billion in remittances to their loved ones at home. This amount makes Nigeria the 6th highest destination for remittances according to the World Bank. That also makes Nigeria the top remittance destination on the African continent.

Top recipients of migrant remittances among developing countries
Source: World Bank Blog

REMITTANCES IN THE NIGERIAN CONTEXT
Nigerians are expected to take care of a lot more than just their immediate family. As a result, the average Nigerian family consists of a mother, father, children and many dependents such as in laws, cousins, and sometimes, neighbors. Once a young Nigerian gets a job, and sometimes even before that, he or she must begin to contribute to dependents. For those living abroad, their foreign currency, when changed to local Naira can be a helpful financial addition.

PointB:

@Topic,
That's half of the story. [b]Did he give us the figure for foreign students in Nigeria?[/b]Or

http://www.nigeriancuriosity.com/2009/11/nigerias-10-bn-in-remittances.html

angelo234:

Nigerian universities needs,minister of education and the Nigerian university council(NUC) Should serious take a concrete measurement our education,even here in south africa,i am a student of economic in UNIVERSITY OF SOUTH AFRICA, nobody pay for my school intuition from nigeria.i do support myself.those who are sending billion of naira for intuition to oversea is boasting o ther peoples economy,making his own downside.

Ola one:

Funding is not the problem.

Policy formulation is not the problem.
The FG is not the problem.

The problem with Nigeria is our mentality as a people. Our attitude. Our get-rich-quick mentality. Our propensity to oppress. In Nigeria, you can oppress people with ordinary mobile phones. Even shoes, wristwatches. Everything is upside down out there. Everything is rotten to the core.


Increase the allocation from 122B to 500B and there will be no difference; not even marginal.

Do you expect eggheads to be committed when everyone in the country is corrupt? Just because they are eggheads?

Materialism is the watchword. Religious bigotry. Name it! I mean everything expected of the anally retentive - that's Nigeria! And, that's Nigerians!


The whole system is rotten.

angelo234:

Nigerian universities needs,minister of education and the Nigerian university council(NUC) Should serious take a concrete measurement our education,even here in south africa,i am a student of economic in UNIVERSITY OF SOUTH AFRICA, nobody pay for my school intuition from nigeria.i do support myself.those who are sending billion of naira for intuition to oversea is boasting o ther peoples economy,making his own downside.

angelo234:

Nigerian universities needs,minister of education and the Nigerian university council(NUC) Should serious take a concrete measurement our education,even here in south africa,i am a student of economic in UNIVERSITY OF SOUTH AFRICA, nobody pay for my school intuition from nigeria.i do support myself.those who are sending billion of naira for intuition to oversea is boasting o ther peoples economy,making his own downside.

AjanleKoko:

Ten thousand Nigerian students (possible, but highly unlikely for Ghana) paying $5k a year is still around $50m annually.
This Mallam is a real head job sha.

angelo234:

Nigerian universities needs,minister of education and the Nigerian university council(NUC) Should serious take a concrete measurement our education,even here in south africa,i am a student of economic in UNIVERSITY OF SOUTH AFRICA, nobody pay for my school intuition from nigeria.i do support myself.those who are sending billion of naira for intuition to oversea is boasting o ther peoples economy,making his own downside.

Ola one:

Private secondary schools nko?

AjanleKoko:

Ten thousand Nigerian students (possible, but highly unlikely for Ghana) paying $5k a year is still around $50m annually.
This Mallam is a real head job sha.