What Influence Do Migrants’ Characteristics have on Volume of Remittances in Nigeria?
Akin-Olagunju, O.A; Fabusuyi, E.O; Adesina, M.A; Yusuf, S.A.

Abstract
Migrants’ remittances have been viewed as a tool of economic growth and development. Many studies in Nigeria have focused on the effect of remittances on welfare of migrants’ households. Hence, this paper evaluates the influence of migrants’ characteristics on volume of remittances using nationally representative migration data. Results showed that residence in rural area prior to migration reduces remittance by 32.7% in comparison to living in urban location owing to reduced opportunities. Also, the amount of money repatriated was positively related to the age and educational attainments of migrants while wage earners and the unemployed formed bulk of the migrants. Two-way solution is proposed from the results of this study: repatriation of funds from overseas should be made easy through appropriate financial policies while self-employment sector in the country of origin should be developed by consolidating government support for small and medium scale enterprises (SMSEs).

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