Vol 6, No 2 (2018)
International Remittances and Poverty Reduction in Nigeria
Dennis Ewubare, Godspower Ebimotimi Okpoi
Abstract
The study examined the impact of international remittances on poverty reduction in Nigeria. Using time series data on poverty incidence, inward and outward remittances, ODA and technical cooperation grants in Nigeria and applying the ARDL method in analyzing the data, the result indicates that: inward and outward remittances have diverse effects on poverty reduction in Nigeria in the short run. Also in the short run, inward remittances impact was significant while outward remittance was not. ODA and technical cooperation grants also have conflicting effect on poverty in the short run. In the long run, inward remittances intensified poverty while outward remittances, ODA and technical cooperation grants all reduced poverty incidence in Nigeria given their negative coefficients. All the explanatory variables were insignificant in the long run. Based on this result, the study recommended for investment in foreign countries in order to diversify the income source of the economy, create conducive atmosphere for inflow of grants and reduce bottlenecks that hinder inflows of foreign funds as possible ways of reducing poverty in Nigeria.
Full text: 
PDF
Keywords
Poverty; Inward remittances; Outward remittances; Development assistance; Technical cooperation grants.
Publication information
Volume 6, Issue 2
Year of Publication: 2018
ISSN: 1857 - 8721
Publisher: EDNOTERA
How to cite
Ewubare, D., Ebimotimi Okpoi, G.: International Remittances and Poverty Reduction in Nigeria. Journal of Applied Economics and Business, Vol 6, No. 2, 5-24. (2018)