Migration and Economic Development in Nigeria

Dennis Brown Ewubare and Godwin Dave Odu
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Dennis Brown Ewubare: Department of Economics, Faculty of Social Sciences, Rivers State University, Nkpolu Oroworukwo
Godwin Dave Odu: Department of Economics, Faculty of Social Sciences, Rivers State University, Nkpolu Oroworukwo

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 12, 2561-2572

Abstract: The study investigated the effect of migration on economic development in Nigeria from 1981 to 2021. The study used poverty (PVT) to proxy economic development as the dependent variable while net migration rate (NMG), international migration stock (IMG) and rural-urban migration (RBM) were used as the explanatory variables. Descriptive statistics, unit root test, bound cointegration test, as well as Autoregressive distributed lag (ARDL) were employed to analyse the data. The study reveals that both in the short run and long run, net migration (NMG) had a negatively insignificant impact on economic development; in the short run and long run international migrant stock (IMG) had a positive and insignificant impact on economic development. Also, in the short run, rural-urban migration (RBM) had a positive and insignificant impact on economic development in Nigeria while it had a negative and insignificant impact on economic development over the data period. The study thus concluded that migration did not promote economic development in Nigeria within the period under review. The study recommends that The Nigerian government should handle the migration crisis promptly, contribute to job creation, and improve the environment to discourage people from moving, as well as encourage its skilled workforce overseas to come home to aid in national development.

Date: 2024
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