Nigeria Remittances Received
Personal remittances received BX.TRF.PWKR.CD.DT
Nigeria's remittances received was $22.0B in 2025, ranked 11th globally. This represents a 3.3% increase from 2024. Data from World Bank, covering 1977–2025.
Overview
Nigeria's remittances received stood at $22.0B in 2025, a rise of +$710.3M from 2024. Based on recent trends, this figure is projected to reach $22.0B by 2025. Nigeria ranked 11th globally.
Nigeria’s remittance inflows have risen from a modest $20,164,384.34 in 1977 to $22,003,304,251.00 in 2025, placing the country 11th globally. The trajectory shows a pronounced expansion after the 1988 trough of $2,424,527.40, culminating in an all‑time peak of $24,311,022,415.61 in 2018 before receding slightly in the subsequent years. Compared with peer economies, Nigeria’s 2025 receipts are marginally below Egypt’s $24,090,030,000.00 and Guatemala’s $24,844,076,811.00, yet exceed Germany’s $21,856,501,619.24, reflecting the strong diaspora networks that have persisted despite macro‑economic volatility. The 49‑year coverage indicates a sustained upward trend, driven by improvements in digital transfer mechanisms and a growing overseas labor force. Continued investment in financial inclusion and stable macro‑policy could restore the upward momentum and potentially surpass the 2018 peak in the coming decade.
Data & projection
| Year | Remittances Received | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $23.7B | - | - |
| 2026* trend | $22.8B | - | - |
| 2025* trend | $22.0B | - | - |
| 2025 | $22.0B | +$710.3M | #11 |
| 2024 | $21.3B | +$1.7B | #174 |
| 2023 | $19.5B | −$578.1M | #175 |
| 2022 | $20.1B | +$644.2M | #176 |
| 2021 | $19.5B | +$2.3B | #175 |
| 2020 | $17.2B | −$6.6B | #176 |
| 2019 | $23.8B | −$501.7M | #179 |
| 2018 | $24.3B | +$2.3B | #178 |
| 2017 | $22.0B | +$2.3B | #177 |
| 2016 | $19.7B | −$928.1M | #175 |
| 2015 | $20.6B | −$373.0M | #176 |
| 2014 | $21.0B | +$202.0M | #176 |
| 2013 | $20.8B | +$254.2M | #174 |
| 2012 | $20.5B | −$73.9M | #175 |
| 2011 | $20.6B | +$872.0M | #176 |
Detected Pattern
Analysis
Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →
Frequently Asked Questions
Nigeria's remittances received was $22.0B in 2025. Ranked 11th globally. This represents a 3.3% increase from the previous year.
Nigeria's remittances received peaked at $24.3B in 2018.
The lowest remittances received in Nigeria was $2.4M in 1988.
Nigeria ranks 11th globally in remittances received as of 2025.
The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.
Nigeria's remittances received is projected to reach $22.0B by 2025 based on trend extrapolation.
Nigeria's remittances received was approximately 22 billion ($22.0B) in 2025.
The remittances received of Nigeria in 2025 was $22.0B. This ranks 11th in the world.
Cite this page
@misc{historysaid_nigeria_remittances,
title = {Nigeria Remittances Received},
url = {https://historysaid.com/nigeria/remittances/},
publisher = {HistorySaid},
year = {2026}
}