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The Impact of Migrant Remittances on Household Welfare in Rural Nigeria

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Abstract:

Records on remittances by Central Bank of Nigeria shows an increasing trends since 2002. These huge flows of remittances are made up of millions private receiver households. The study examine the impacts of these remittances on household welfare in rural Nigeria using the Nigeria living standard statistics 2003/2004 wave by the bureau of stastistics. The result of the regression analysis revealed among other things that remittances help to reduce the effects of poverty and that remittances are counter-cyclical.

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