The UK-Nigeria remittance corridor : challenges of embracing formal transfer systems in a dual financial environment
This study is the first research work on remittances conducted in Nigeria and reveals the actual state of its remittance market. The report describes how United Kingdom residents of Nigerian origin transfer remittances home and how the funds are distributed to their beneficiaries in Nigeria. The review presents the remittance industry conditions existing in the UKNigeria remittance corridor at the origination and distribution stages of the transactions, and the intermediaries who facilitate the transfers. The report makes conclusions and compares these main findings with lessons from other cor
eBook, English, ©2007
World Bank, Dept. for International Development, Washington, D.C., ©2007