REMITTANCE AND THE ECONOMY: THE NIGERIAN EXPERIENCE (A REVIEW)

Migration is a basic major component of population dynamics which is characterized by deliberate rational decision of the migrant. This phenomenon has been viewed differently by different people, with some mentioning it as a cause of degradation of rural and urban ecological resources. Some associat...

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Main Author: Onwuchekwa Raphael IHEKE
Format: Article
Language:English
Published: University of Agricultural Sciences and Veterinary Medicine, Bucharest 2016-01-01
Series:Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
Online Access:https://managementjournal.usamv.ro/pdf/vol.16_3/Art21.pdf
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author Onwuchekwa Raphael IHEKE
author_facet Onwuchekwa Raphael IHEKE
author_sort Onwuchekwa Raphael IHEKE
collection DOAJ
description Migration is a basic major component of population dynamics which is characterized by deliberate rational decision of the migrant. This phenomenon has been viewed differently by different people, with some mentioning it as a cause of degradation of rural and urban ecological resources. Some associate the spread of HIV/AIDs and recently the Ebola Virus Disease (EVD). The most positive and powerful outcome of migration is remittance income. The significant contribution of international remittances to the stability and sustainable growth prospects of developing countries cannot be overemphasized. Remittances have not only grown strongly in a positive direction, but these inflows have also exhibited a much more stability than other private capital inflows and Overseas Development Assistance (ODA). Remittances are playing an increasingly large role in the economies of many countries, contributing to economic growth and to the livelihoods of people.
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publisher University of Agricultural Sciences and Veterinary Medicine, Bucharest
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series Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
spelling doaj-art-d17441fb4a8f49ada7ed27172dced9322025-08-20T02:40:07ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522016-01-011631451523345REMITTANCE AND THE ECONOMY: THE NIGERIAN EXPERIENCE (A REVIEW)Onwuchekwa Raphael IHEKEMigration is a basic major component of population dynamics which is characterized by deliberate rational decision of the migrant. This phenomenon has been viewed differently by different people, with some mentioning it as a cause of degradation of rural and urban ecological resources. Some associate the spread of HIV/AIDs and recently the Ebola Virus Disease (EVD). The most positive and powerful outcome of migration is remittance income. The significant contribution of international remittances to the stability and sustainable growth prospects of developing countries cannot be overemphasized. Remittances have not only grown strongly in a positive direction, but these inflows have also exhibited a much more stability than other private capital inflows and Overseas Development Assistance (ODA). Remittances are playing an increasingly large role in the economies of many countries, contributing to economic growth and to the livelihoods of people.https://managementjournal.usamv.ro/pdf/vol.16_3/Art21.pdf
spellingShingle Onwuchekwa Raphael IHEKE
REMITTANCE AND THE ECONOMY: THE NIGERIAN EXPERIENCE (A REVIEW)
Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
title REMITTANCE AND THE ECONOMY: THE NIGERIAN EXPERIENCE (A REVIEW)
title_full REMITTANCE AND THE ECONOMY: THE NIGERIAN EXPERIENCE (A REVIEW)
title_fullStr REMITTANCE AND THE ECONOMY: THE NIGERIAN EXPERIENCE (A REVIEW)
title_full_unstemmed REMITTANCE AND THE ECONOMY: THE NIGERIAN EXPERIENCE (A REVIEW)
title_short REMITTANCE AND THE ECONOMY: THE NIGERIAN EXPERIENCE (A REVIEW)
title_sort remittance and the economy the nigerian experience a review
url https://managementjournal.usamv.ro/pdf/vol.16_3/Art21.pdf
work_keys_str_mv AT onwuchekwaraphaeliheke remittanceandtheeconomythenigerianexperienceareview