Nigerians In Diaspora Remitted $21 Billion Home in 2015

Nigerians in diaspora sent home in $21 billion in 2015.  Nigeria is the sixth largest receiver of remittances in the world. Nigeria is also by far the largest receiver of remittances in sub-Saharan Africa, receiving a total of $34.8 billion this year.

The report, which relied on data gathered from January to December 1, 2015, was compiled by the Global Knowledge Partnership on Migration and Development with support from the World Bank, German, Swedish and Swiss governments.

The United States and the United Kingdom are by far the most lucrative destinations for Nigerian migrants. Nigerians at home received a total of $9.4 billion ($5.7 billion from the US and $3.7 billion from the UK) from both countries in 2015.

According to the report, the U.S. is the top remittance-sending country in the world. A total of $56.3 billion was sent out of the US to other parts of the world. The second largest remittance-sending country is Saudi Arabia with $36.9 billion followed by Russia ($32.6 billion), Switzerland ($24.7billion) and Germany ($20.8 billion).