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Sunday, September 24, 2023

54% of Nigerians Receive Remittances – NBS

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Large share of households – 54.0 percent report receiving remittances in Nigeria according to the latest living standards survey released by the National Bureau of Statistics (NBS).

Of the amount, 52.7 percent receive remittance from someone in Nigeria and 5.7 percent from abroad.

The state of Kebbi has the largest share of household-remittance-recipients at 81.4 percent, while Sokoto has the lowest number, only 5.6 percent receive any remittance.

The average value of domestic remittance is N62,492 and of international remittance is N84,741.

More than 80 percent of households who receive remittance report using the transfers for consumption purposes.

See full report here.

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