TITLE:
The Effect of Migrants Remittance on Economy Growth in Nigeria: An Empirical Study
AUTHORS:
Adenike Adeseye
KEYWORDS:
Remittance, GDP, Inflation, Exports, Imports, Immigration and Economic Growth
JOURNAL NAME:
Open Journal of Political Science,
Vol.11 No.1,
January
18,
2021
ABSTRACT: Remittance inflows have been increasing significantly in Nigeria over the
past decades. They are becoming one of the most constant sources of economic
growth and development. This research work examined migrants’ remittance and
economic growth in Nigeria. Remittance
inflow was used as dependent variable and gross domestic products, inflation,
imports and exports were independent variables. In this study, secondary
data were utilized. The study employs annual data obtained from world
development and international financial statistics which covers the period of
29 years (1990-2018). Quantitative data collected were evaluated through
descriptive statistics; and the hypotheses
formulated were tested with the use of multiple linear regressions which
includes ANOVA, Correlation, and Coefficient. And this was done with the aid of
SPSS version 21. From the findings of the study and the tested hypotheses, it
was discovered that significant relationship exists between remittance and
gross domestic product, exports and imports in Nigeria while inflation has no
significant relationship with remittance. The study therefore proffers some
recommendations towards utilizing influx of remittance for economic growth in
Nigeria.