Abstract
The official remittance to Nigeria is reducing while the Central Bank of Nigeria (CBN) grapples with the situation. A survey of about 200 students in a German city showed that most of them remit money via peer-to-peer services. This system is based on mutual trust and costless and reliable service. The survey was designed based on the socio-demographic profile of migrants from previous studies. The article uncovered the amounts being remitted and laid the groundwork for a comprehensive future and wider research. Keywords : Migrants, migration, Nigeria, remittance, students, US$. DOI: 10.7176/EJBM/13-23-05 Publication date: December 31 st 2021
Highlights
Migration is a complex event having multiple correlations with human development
International development discourse and practices have moved from migration driven by poverty to poverty reduction and development through remittances (World Bank, 2006; Sunam & McCarthy, 2016)
The results showed a positive correlation between risk aversion and remittances
Summary
Migration is a complex event having multiple correlations with human development. It increases employment opportunities and expands the social viewpoints of both migrants and natives. Migration creates opportunities for exploitation and abuse of migrants (Khanal & Todorova, 2021). International development discourse and practices have moved from migration driven by poverty to poverty reduction and development through remittances (World Bank, 2006; Sunam & McCarthy, 2016). Remittance is a vital income source for developing nations, making it an important subject and research area. The objectives of this article may be summarised as follows: 1. To investigate the remittance practices of the Nigerian students in a German city The objectives of this article may be summarised as follows: 1. To investigate the remittance practices of the Nigerian students in a German city
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