Nigeria is the best recipient of worldwide remittances in Africa, with inflows value $19.56 billion in 2023 and accounting for round 5.2% of its GDP.
In response to a World Bank report, Nigeria accounted for about 35% of the area’s complete inflows in the identical 12 months. Nevertheless, this marked a decline from the $20.12 billion acquired in 2022.
These funds are extra than simply statistics, they function lifelines for tens of millions of households, overlaying necessities akin to meals, schooling, healthcare, and housing. With inflation eroding buying energy at residence, diaspora remittances have gotten much more important to household survival and small enterprise help.
In 2024, Nairametrics reported that Africa acquired over $95 billion in remittances, Nigeria continued to rank as a key remittance hub, pushed by its diaspora group of over 20 million individuals with Egypt, and Morocco main as high recipients
IOM Nigeria’s Chief of Mission, Sharon Dimanche disclosed Nigeria acquired $20.93 billion in remittances in 2024, an 8.9% improve from the earlier 12 months.
Nigeria’s sturdy efficiency in remittance inflows has been largely supported by digital remittance apps, which have develop into the dominant channels for sending cash residence.
These platforms are most popular for his or her pace, comfort, aggressive alternate charges, and skill to succeed in each banked and unbanked Nigerians by way of banking networks and cell cash methods.
“Nairametrics Analysis drew insights from workers evaluations, consumer opinions, obtain knowledge, and knowledgeable opinions to tell its findings.”
Here’s a checklist of the highest 10 remittance apps Nigerians use in 2025:
Nala permits customers to ship cash from Europe, the UK, and the US to a number of nations throughout Africa and Asia, together with Kenya, Tanzania, Uganda, Rwanda, Nigeria, Senegal, Cameroon, Côte d’Ivoire, Pakistan, the Philippines, India, Bangladesh, Gabon, and Congo Brazzaville.
The app permits customers to match alternate charges earlier than sending, with 95% of transactions delivered in seconds to cell cash wallets and bank accounts. Customers can even arrange repeat transfers for added comfort.
In response to particulars on the Nala app, sending $100 USD to Nigeria at a charge of 1 USD ≈ 1,526.72 NGN. The recipient would obtain N 152,672.
On the Google Play Retailer, Nala has been downloaded over 500,000 instances, with clients score the app 4.6 out of 5.
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