IMPACT OF MIGRATION ON THE ECONOMY OF NIGERIA: RECENT TRENDS
O.A. Adedokun, I.V. Karzanova
Peoples’ Friendship University of Russia, Moscow, Russian Federation
Keywords: внутренняя миграция, международная миграция, денежные переводы мигрантов, бедность, экономическое развитие, Нигерия, internal migration, international migration, migrant remittances, poverty, economic development, Nigeria
Abstract
This paper examines the impact of internal and international migration on the economy of Nigeria. In Nigeria the unemployment rate is very high, and migration can partially alleviate situation on the labor market. Migrants’ remittances which has surpassed both Foreign Direct Investment and Net Official Development Assistance inflows and is one of the major inflows of foreign earnings to Nigeria, help reducing poverty of households and have a positive impact on the economy. If political and socioeconomic issues in the country do not improve, Nigerians will continue to migrate to other countries. The Nigerian government should urgently address the situation with migration, contribute to job creation and improve environment to stop people from migrating and encourage its skilled labor abroad to return home to help in national development.
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