In 2024, the number of Nigerian emigrants abroad reached approximately 2.1 million while remittances hit $21 billion, underscoring the economic and social importance of the diaspora
In 2024, the number of Nigerians living abroad soared to approximately 2.1 million, accompanied by a remarkable $21 billion in remittances, the International Organization for Migration (IOM) reports.
This rise highlights the growing economic influence of the Nigerian diaspora, which continues to serve as a lifeline for households and the national economy. Remittance flows — critical for foreign-exchange inflows — demonstrate the significance of Nigerians abroad in supporting both families and national development.
The IOM’s data underscores not only migration trends but also the expanding role of emigrants in contributing to poverty alleviation and financial stability back home.
Experts suggest that the sustained growth in remittances could inform policy, such as enhancing diaspora engagement frameworks and investment channels, potentially leading to more structured economic collaborations. Policymakers are encouraged to view these figures not just as financial transfers but as foundations for strategic partnerships with the diaspora.