Nigeria is one of the most connected countries in the world when it comes to receiving and sending money, according to The Western Union Company, a global leader in global payment services. Western Union has operated in Nigeria for 20 years.
More than 195 countries and territories sent money into Nigeria, and 160 received money from Nigeria in 2015 reflecting the extraordinary global connections brought about by the rise in migration of Nigerians to many parts of the world.
Regional Vice President of Western Union Africa Aida Diarra said, “It is an honor to have served Nigerians for the past 20 years and connect them to and from nearly every corner of the world, moving the money that funds education, healthcare, everyday living and the dreams and aspirations of their families”.
Nigeria is the fifth largest remittance receiver globally, according to the World Bank. Migration destinations have remained steady since a decade ago, according to Western Union’s own trend analysis. The US, the UK, Italy, Canada, Germany, Australia, France and Netherlands continued to be the favorite destinations while United Arab Emirates and Malaysia moved to the top 10, replacing Switzerland and Spain.