Reasons Why People Send Money To Nigeria From USA

By Pamela Harris


It is natural to see people trying to help one another. Some families purposefully do all they can to make sure that someone within them is raised high so that he can be of help to the others. In Nigeria, some families do all they can to sponsor a member's travel expenses to the US when they feel that the opportunities in the country are not enough for the good of all. When the projected person gets to the US, he is able to send money to Nigeria from USA even from the little job he finds doing.

The exchange rate between the dollar and the naira is high in favor of the dollar. In the black market, which is where the dollar can be easily bought, the exchange rate is about 365 naira per dollar. This means that exchanging some amount will make the Nigerian richer in a short while.

To those who have successfully traveled abroad, it may not be very easy. First of all, they have to find a genuine job that can fetch them some money. Sometimes, they look for two or more places since they can work freelance and get more money.

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.

Part of the reason why they want to stay back for as long as possible is that they find life more convenient. With the little they are able to get by working abroad, they can do quite a lot when they send the money home. Some families which have never borne the idea of building a house have done that quite easily because of the value of the hard currency a relation sent from the USA.

Attending to basic needs such as feeding is another thing funds from a member of the family in the US helps to do. Even in the face of serious economic hardship, such families still have a reason to smile. They are less affected by the hardship going on in the country.

Students schooling in Nigeria who have one or both parents abroad may not have problems with paying their school fees. This is because apart from having the money, sending it across to them is not an issue. Even with a close deadline, the money can be sent fast, even within minutes. There are several genuine money transfer agencies in the USA with branches in Nigeria to make this feasible. If the student wants, the payment can be made straight to the school's bank account to reduce stress.

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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