New report exposes the income, spending, and remittance patterns of Nigerians in the UK
- OhentPay's report reveals that 65% of Nigerians in the UK earn between £15,000 and £50,000 annually, mirroring the UK's income distribution.
- The report indicates a reduction in investments back home, with fewer Nigerians sending bulk money, possibly due to lower disposable income.
- Over half of all large remittance payouts from the UK go to mothers, highlighting the role of women in family support.
The findings of the OhentPay report underscore the complexities of financial life for Nigerians in the UK, where cultural obligations often hinder personal financial growth. This raises important questions about the sustainability of such remittance patterns and the need for better financial planning tools tailored to diasporans.
