Barriers To The Effectiveness of International Remittances: A Case Study of UK/Nigeria Corridor.

BARRIERS TO EFFECTIVENESS OF INTERNATIONAL REMITTANCES; A CASE STUDY OF UK-NIGERI CORRIDOR A Master Thesis Submitted to the Faculty Of American Public University By In Partial Fulfillment of the Requirements for the Degree Of Master of Arts September 5th, 2018 ABSTRACTThe research base is on the Nigeria-UK remittance corridor with the main purpose of determining the barriers that reduce the efficiency of international remittance. The data is mined from Central bank of Nigeria, International monetary fund, World Bank, International organization for migration as well as Organization for economic co-operation and development. The major challenges that have been attributed to the difficulties in the remittance transfer are discussed in detail giving further examples from other remittance corridors. Even though there is the lack of a final unit of measuring the significant impact of remittances in the developing nations, the emphasis has been given to the major economic constraints as well as discussing how the remittance transfers help to resolve these issues. The study also explores the role of emerging technologies, as cryptocurrencies in ensuring that remittance flow has been simplified to the click of a button. The text further considers other remittances corridors in determining the general grounds of remittances transfer on the different corridors available. The findings in this research are to be used to improve remittance transfer in this corridor by presenting the findings to the relevant authorities for…

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