ECONOMIC IMPACT OF MIGRATION FROM DIFFERENT REGIONS OF THE WORLD TO NIGERIA

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ECONOMIC IMPACT OF MIGRATION FROM DIFFERENT REGIONS OF THE WORLD TO NIGERIA

Abstract:

Migration is a global phenomenon with profound economic implications for both origin and destination countries. This research examines the economic impact of migration to Nigeria from diverse regions of the world. As a nation characterized by cultural diversity and economic dynamism, Nigeria serves as an intriguing case study to understand the multifaceted consequences of global migration on its economic landscape.

Employing a mixed-methods approach, this study combines quantitative analyses of economic indicators with qualitative assessments of the experiences of migrants and their integration into the Nigerian economy. It explores the motivations behind migration, the skills and expertise brought by migrants, and the ensuing effects on various sectors such as labor, entrepreneurship, and consumption.

The research also considers the potential challenges associated with migration, including socio-economic disparities and cultural integration, to present a comprehensive view of its impact on the national economy. Additionally, the study evaluates policy frameworks and institutional responses aimed at optimizing the positive contributions of migrants while addressing potential adverse effects.

The findings of this research contribute to the ongoing discourse on the economic implications of global migration, providing valuable insights for policymakers, researchers, and stakeholders in Nigeria. By understanding the nuanced dynamics of migration and its impact on the economy, Nigeria can formulate evidence-based policies that harness the benefits of migration for sustainable economic growth, social cohesion, and inclusive development.

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