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October 13, 2025, 05:41:35 PM |
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These past years, a lot of Nigerians have sought to find greener pastures in the more developed countries with more stable economies; The U.S, The U.K, Canada, France etc. While this exodus has a lot of bad effects, there could also be a positive one.
While there's an obvious loss of talented individuals, there are a few economic benefits through remittances; foreign exchange inflow, investment inflow and even a more stable economy.
A recent report released by world Bank showed that Nigerian remittance average over $20 billion, which can even rival the annual oil revenue.
The question is then posed, can remittances compensate for the loss of talented skilled labour?
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