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World Bank lists Nigeria as highest destination of remittances from UK

World Bank lists Nigeria as highest destination of remittances from UK

The World Bank, in a report, has listed Nigeria as the highest destination of remittances from the United Kingdom.

According to the bank, Nigerians in the UK emerged the highest senders of money to their home country with £3.27m sent in 2017.

India, France and Pakistan took turns as the top receivers of cash from UK according to the report published by Daily Mail.

The report also listed the UK as the fourth largest source of remittances after the US, Saudi Arabia and the United Arab Emirates, with a global total of £483bn in 2017.

The report also revealed that just as migrants in the UK were sending large amounts of cash back home, Australia sent the largest remittances to the United Kingdom, with US$1.08m received from there.

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The US, Canada, Spain and South Africa followed Australia as the biggest senders to the UK, just as India emerged as the largest receiver of remittances in the world, receiving a total of US$68,968m.

China emerged second largest receiver of remittances with a total of US$63,860m.

The US, which has the highest number of migrants in the world, also emerged as the largest sender of remittances in the world.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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