Europe’s migrants including Nigerians send home $110bn in 2014


Dr Kanayo Nwanze
The International Fund for Agricultural Development (IFAD), disclosed in a report published on Monday in Rome, that the Europe’s 50-million-strong migrant population sent home 110 billion dollars in 2014.
IFAD said that a report from the UN’s rural development bank indicated that the top five senders of so-called migrant remittances were Russia, Britain, German, France and Italy.
It added that the top five beneficiaries were Nigeria, China, Morocco, India and Uzbekistan.
It said that the funds constituted a critical lifeline for millions of individual households, helping families raise their living standards above subsistence and vulnerability levels.
“It will help with improved health, …Read More

Source:: PM Newspaper