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Title: Money Transfer in Nigeria

Essay Details

Subject: Social Issues
Author: John M
Date: June 25, 2015
Level: University
Grade: A
Length: 3 / 842
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Yet Nigeria is a source and destination for country migration in Africa (South Africans, Togolese, Ghanaians, and Beninoise). Considering the key role Nigeria plays in African migration systems, its role as destination, transit and source country, and considering the fact that it is both confronted with the negative and positive dimensions of migration...

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Nigeria however ranked top amongst global remittances to home country. It scored 65% in the 2003 research by the UNDP on remittances by regions. The long military incursion into politics, the hyper-inflationary trends, the devaluation of the Naira and exchange-rate fluctuations, with its twins indices of economic uncertainty that allowed foreign exchange bureaus (usually referred to as bureau de change) to undercut the official exchange rate, the road side merchants known as the ‘mallams money changer’ because they are dominated by hausa fulanis from the Northern parts of Nigeria, they hang around airports, Five Star Hotels and Night Clubs looking for expatriates or travelers who want to change foreign currencies...

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