According to World Bank, Nigerians living in the United Kingdom sent £3.27 billion back home in 2017.
A study researched by the bank has found that Nigeria was the top receiver of cash from the United Kingdom in 2017.
It said: “Remittances to Sub-Saharan Africa are estimated to grow by 9.8 percent from $41 billion in 2017 to $45 billion in 2018. Projections indicate that remittances to the region will keep increasing, but at a lower rate, to $47 billion by 2019.
“The upward trend observed since 2016 is explained by strong economic conditions in the high-income economies where many sub-Saharan African migrants earn their incomes. Largest remittance recipient country in Sub-Saharan Africa and the sixth largest among the Low, Middle income Countries (LMICs) is expected to receive more than $25 billion in official remittances by the end of 2018, an increase of more than $3 billion compared with the previous year.”