REMITTANCES AND ECONOMIC GROWTH OF NIGERIA

OKORIE, George Chisom and NWABUFOH, Ekene and ORIAKU, Eberechukwu Christiana (2022) REMITTANCES AND ECONOMIC GROWTH OF NIGERIA. GOUni Journal of Faculty of Management and Social Sciences, 9 (1). pp. 168-175. ISSN 2550-7265

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Abstract

This study is an investigation of the impact of remittances on the Nigerian economic growth. It specifically estimated the impact of remittances on economic growth. The study used multiple regression model using ordinary least squares techniques analysing secondary data. Tests conducted revealed that all the variables used in the analysis are I(1) and as well co integrated. Other diagnostics tests such as heteroscedasticity, autocorrelation and normality revealed that the results are robust and hence remittances positively and significantly contribute in economic growth of Nigeria. The study therefore recommends that institutions introduce new savings instruments as well as further opportunities whereby migrants can channel their remittance funds into productive sectors of the economy.

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 23 Aug 2022 15:42
Last Modified: 23 Aug 2022 15:42
URI: http://eprints.gouni.edu.ng/id/eprint/3621

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