Abstract
The rising pace of poverty in Nigeria has been worrisome, despite being the highest recipient of international workers’ remittances in Sub-Saharan African. Therefore, this study explored the extent to which poverty incidence has been influenced by workers’ remittances in Nigeria for the period spanning 1981 to 2020. The Vector Auto-regressive (VAR) and Auto-regressive Distributed Lag (ARDL) techniques were utilized in data analyzing. The results of the ARDL estimate showed that workers’ remittances significantly enhanced poverty incidence in Nigeria while the VAR estimate showed the absence of causation between poverty and workers’ remittances in Nigeria. This study concludes that workers’ remittances has not contributed significantly to poverty reduction in Nigeria. Consequently, it is recommended that government should reduce the cost of workers’ remittances in Nigeria so that substantial percentage of the remittances is directed to consumption of poor households in Nigeria.
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