ABSTRACT

This study is on International remittance and economic growth in Nigeria. The objective of this study is to ascertain the extent to which international remittance inflows, foreign portfolio investment, foreign direct investment influence the economic growth in Nigeria.

In other to achieve this objective, secondary method of data collection was adopted, sourced from the United Nations center for trade and development, World Bank and the central bank of Nigeria statistical bulletins within the scope of the study, 1990 - 2018. The study adopted the Fully modified Least square (FMOLS) estimate to analyze the data. Other preliminary tests like descriptive statistics, pairwise correlation statistics, correlation statistics, co-integration test, multi-collinearity test were carried out on the data.

The study concludes that international remittance inflows, foreign direct investment and foreign portfolio investment exert a statically significant positive impact and relationship on Real Gross Domestic Product (RGDP). The study recommend amongst others an urgent need for the country to adopt strategic measures that will help boost remittances inflows through persistence engagement of Nigerians in the diaspora in the country's political and social-economic affairs.