Personal remittance inflows to Nigeria increased 3.0% year-on-year, from $22.1 billion in 2024 to $22.8 billion in 2025

Key Takeaways

  • Nigeria received $22.8 billion in personal remittances in 2025; a 3% year-on-year increase
  • Inflows remained 6.3% below the 2018 record of $24.3 billion.
  • Remittances have recovered from the $17.2 billion recorded in 2020.
  • Nigeria’s 2025 remittance inflows were 32.6% higher than in 2020.
  • Remittances accounted for 7.8% of GDP in 2025.
  • Remittances’ share of GDP fell from 8.8% in 2024.
  • Remittances’ share of GDP remained above the 4.0% recorded in 2023.

Nigeria's personal remittance inflows increased to $22.8 billion in 2025, up 3.0% from $22.1 billion in 2024.

The increase extends the recovery from the pandemic-era low of $17.2 billion in 2020, although inflows remain 6.3% below the record $24.3 billion received in 2018.

Despite the higher inflow, remittances became slightly less significant relative to the size of the economy. They accounted for 7.8% of Nigeria's GDP in 2025, down from 8.8% in 2024, but remained well above the 4.0% recorded in 2023.

The figures highlight the continued importance of money sent home by Nigerians abroad to the economy.

Source:

World Bank

Period:

2000–2025
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