Sending money to friends and loved ones is a tradition. When one has and the other does not especially within an immediate family, there is always the eagerness to help except if it is beyond one's control. So many Nigerians travel to the US to fend for themselves when they feel that the opportunities at home are not attractive. Their intention for leaving friends and families behind is to be able to send money to Nigeria from USA when they have found something legitimate to do.
Since the dollar is way more valuable than the naira, sending money to Nigeria helps a great deal. In the black market, where it is currently easier to buy and sell hard currencies in Nigeria, one can sell 1 dollar for about 365 naira. With more dollars to sell, the person who has received the money gets quite a lot to solve the needs he has.
Traveling abroad does not seem palatable at first. However, it is easy to adapt in the US when one finds something to do. This is why the immigrants try to take multiple roles as freelancers where they will be paid as much as they work.
After getting a job in the US, they now start sending funds to Nigeria. If it is a member of the family, specific directions on how to use the money may be given. In no time, the travellers who didn't want to leave home initially would want to remain or even nationalize there.
Apart from living better, they also make life more convenient for other family members despite doing menial jobs. With their little earnings, they can stay comfortably and also take care of their friends at home. It then becomes easier for the privileged families to build a house at home.
The money is also sent to tackle family needs. When the economic situation in Nigeria is not pleasant and unemployment is high, the families that have someone abroad usually do not feel the impact of the harsh economy because they have an alternative source of funds.
Finding money to pay for school fees even when others consider the amount to be quite expensive is not a problem for students who have someone in the US catering for their needs. They also don't have a problem in getting the cash because there are genuine ways of sending it across to them. They can even be sent to the school's account number if the parent or guardian wants to relieve the student of the stress of going to cash the fund.
Sending funds to Nigeria is the in-thing now. Any Nigerian living under $2 per day can do better by asking friends abroad to send just a token. The only challenge may be finding a fast and secure money transfer but that is still easy to get when the person abroad identifies only with a registered body.
Since the dollar is way more valuable than the naira, sending money to Nigeria helps a great deal. In the black market, where it is currently easier to buy and sell hard currencies in Nigeria, one can sell 1 dollar for about 365 naira. With more dollars to sell, the person who has received the money gets quite a lot to solve the needs he has.
Traveling abroad does not seem palatable at first. However, it is easy to adapt in the US when one finds something to do. This is why the immigrants try to take multiple roles as freelancers where they will be paid as much as they work.
After getting a job in the US, they now start sending funds to Nigeria. If it is a member of the family, specific directions on how to use the money may be given. In no time, the travellers who didn't want to leave home initially would want to remain or even nationalize there.
Apart from living better, they also make life more convenient for other family members despite doing menial jobs. With their little earnings, they can stay comfortably and also take care of their friends at home. It then becomes easier for the privileged families to build a house at home.
The money is also sent to tackle family needs. When the economic situation in Nigeria is not pleasant and unemployment is high, the families that have someone abroad usually do not feel the impact of the harsh economy because they have an alternative source of funds.
Finding money to pay for school fees even when others consider the amount to be quite expensive is not a problem for students who have someone in the US catering for their needs. They also don't have a problem in getting the cash because there are genuine ways of sending it across to them. They can even be sent to the school's account number if the parent or guardian wants to relieve the student of the stress of going to cash the fund.
Sending funds to Nigeria is the in-thing now. Any Nigerian living under $2 per day can do better by asking friends abroad to send just a token. The only challenge may be finding a fast and secure money transfer but that is still easy to get when the person abroad identifies only with a registered body.
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