The UK-Nigeria remittance corridor : challenges of embracing formal transfer systems in a dual financial environment / Raúl Hernández-Coss, Chinyere Egwuagu Bun
Foreword; Acknowledgments; Acronyms; Executive Summary; Introduction; List of Figures; List of Tables; 1. At the First Mile; List of Boxes; 2. At the Intermediary Stage; 3. At the Last Mile; 4. Conclusions and Policy Recommendations; Appendix A. United Kingdom Regulatory Overview; Appendix B. Nigeria Regulatory Overview; References; Map of Formal Flows in the UK-Nigeria Corridor and Current and Potential Networks for Distribution in Nigeria
Summary
This study is the first research work on remittances conducted in Nigeria and reveals the actual state of its remittance market. The report describes how United Kingdom residents of Nigerian origin transfer remittances home and how the funds are distributed to their beneficiaries in Nigeria. The review presents the remittance industry conditions existing in the UKNigeria remittance corridor at the origination and distribution stages of the transactions, and the intermediaries who facilitate the transfers. The report makes conclusions and compares these main findings with lessons from other cor
