ABSTRACT

Abstract

The paper investigates the empirical impact of Migrants’ Remittances on Economic Growth in Nigeria. The study uses secondary data sourced from central Bank of Nigeria Bulletin (Various issues), World Bank fact book. The study applied descriptive statistics and trend analysis, test for the unit root for the variables and the co-integration technique on annual data between 1988 and 2017. The result of the unit root test shows that all the variables are stationary at first difference, they can only sustain shock passed on them for a short period of time. The co-integration result shows that there is no long run relationship among the variables. As a result, the study confirms the negative impact of Remittances on Economic Growth. In other words, Remittances in Nigeria during this period do not improve the living standard of the people in Nigeria. Based on the findings, the study recommends that government should put in place policies that will discourage migration, working environment should be conducive and attractive.

Keywords: Real Gross; Domestic Product; Remittances; Expenditure.