IMPACT OF MIGRANTS REMITTANCES ON ECONOMIC STATUS AND STANDARD OF LIVING OF THE HOUSEHOLDS IN BENIN METROPOLIS

Michael Ndisika (PhD), Oluwatosin Abigail Dawodu

Abstract


Remittances remains a leading gain of international migration, especially as it relates to economic development and improving standard of living of the international migrants and their household members left behind. This study has examined the impact of migrants’ remittances on economic status and standard of living of the households. A total of 875 respondents were sampled across 3 local government areas of Edo state namely, Egor, Oredo and Ikpoba Okha. The instrument used in this study was the questionnaire and In-Depth-Interview (IDI). The analysis of the data was carried out using descriptive analysis with the aid of Statistical Package for the Social Sciences computer software (version 22.0) while the IDI were transcribed. The result showed that remittances accounted for  (29.8%) of the sources of the households income. 83.0% asserted that migrants’ remittances increase their household’s standard of living and affirmed that monies households receive as remittances is a major factor in their economic status.  85.1% of the household rated the remittances as important to their standard of living as it helps in acquiring asset and other valuables. Many IDI interviewees also attested to the gains of remittance as it relates to their economic status and standard of living. Over 51 percent, of the household representatives rated very highly the impact that remittances had on their accommodation, housing and feeding. The study recommends that well-streamlined measures should be adopted by all stakeholders to ensure easy flow of migrants’ remittances to benefit not only the household but the entire nation.

Keywords


Remittances, Household, Standard of Living, Pre-migration, Post-migration, Economic status

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