Nigerians In UK Sent Most Money Home In 2017 – World Bank
Nigerians who live abroad send tons of cash – about $22 billion – home every year.
Out of these, the ones who live in the United Kingdom, UK sent the most cash in 2017. They sent in £3.27 million within the period.
According to a World Bank report, Nigeria was the top receiver of cash from the UK, followed by India, France and Pakistan, reports Daily Mail.
This makes the UK the fourth largest source of remittances after the US, Saudi Arabia and the United Arab Emirates, with a global total of some £483 billion in 2017.
While migrants in the UK were sending large amounts of cash back home, Australia was the largest sender of remittances to the United Kingdom, with US$1.08 million being received from there.
The US, Canada, Spain and South Africa were the next biggest senders to the UK.
The World Bank report revealed that, India is the largest receiver of remittances in the world, receiving a total of US$68,968 million.
China is the second largest receiver of remittances, after India, receiving a total of US$63,860 million.
The US is home to the largest number of migrants from developing countries and is the largest sender of remittances in the world.
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