Click here for search results
The UK-Nigeria remittance corridor : challenges of embracing formal transfer systems in a dual financial environment
 
Author:Hernandez-Coss, Raul; Bun, Chinyere Egwuagu; Collection Title:World Bank working paper ; no. 92
Country:United Kingdom; Nigeria; Date Stored:2014/01/30
Document Date:2007/04/30Document Type:Publication
SubTopics:Remittances; Currencies and Exchange Rates; Banks & Banking Reform; Debt Markets; Population PoliciesISBN:978-0-8213-7023-0
Language:EnglishRegion:Europe and Central Asia; Africa
Report Number:39998Volume No:1 of 1

Summary: The United Kingdom (UK) -Nigeria remittance corridor has an equal dominance of formal and informal remittance intermediaries. Although several formal financial institutions for transferring money exist in the UK, many people choose to send money informally. More collaboration between the UK and Nigeria is necessary to develop the remittance market, to encourage the use of formal channels, and to enhance the development potential. Among its benefits, the remittance country partnership (RCP) between UK and Nigeria aims to reduce the cost of remittance transfers. The Nigerian government is engaging its diaspora to help spur economic growth. This report recommends that each government focus on improving data collection at its end of the corridor and do more research to provide its policymakers and its private sector with accurate information.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 100 pagesOfficial version*7 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/VNS9KUJRF0