One Dollar, One Bank Account: Remittance and Bank Breadth in Nigeria

Efobi Uchenna (), Osabuohien S. Evans () and Oluwatobi Stephen
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Efobi Uchenna: Covenant University
Osabuohien S. Evans: Covenant University
Oluwatobi Stephen: Covenant University

Journal of International Migration and Integration, 2015, vol. 16, issue 3, No 17, 781 pages

Abstract: Abstract This study examined remittance and bank breadth in Nigeria, using data from the 2011 World Bank Households Survey for the African migration project in Nigeria. The results-based on logistic regression technique reveal - that remittance has an inverse relationship with bank breadth. The reason put forward is that recipients prefer to hold foreign exchange from remittance and they do not increase their demand for banking services. One of the key implications of the findings is the need for commercial banks to go beyond mere serving as liaison for remittance but incorporating elements of advisory services to the customers, especially those that frequently receive remittance, on how they can best utilize such fund for productive activities.

Keywords: Bank breadth; Cash flow; Financial development; Financial institutions; Households; Remittance (search for similar items in EconPapers)
JEL-codes: E22 F24 O16 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s12134-014-0358-0

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