GLOBAL

DEVELOPMENT STUDIES

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Volume Five Winter 2008-Spring 2009 Numbers 3-4.

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THEME: GLOBAL LABOR MIGRATION AND EMERGING TRENDS IN DEVELOPMENT FINANCING:

AN ASSESSMENT OF THE SOCIAL AND ECONOMIC IMPCT OF MIGRANT (WORKER) REMITTANCES

IN SUB-SAHARAN AFRICA

EMANCIPATING REMITTANCE DISCOURSE: AN EXAMINATION OF EXTRA-FINANCIAL REMITTANCE

IN NIGERIA

O. Akanle A. O. Olutayo

Department of Sociology Department of Sociology

Faculty of the Social Sciences Faculty of the Social Sciences

University of Ibadan, Nigeria University of Ibadan, Nigeria.

E-mail: yakanle@yahoo.co E-mail: lantopamtu@yahoo.com.

Published Online: March 15, 2017

ABSTRACT

Development is the ultimate goal of all subsisting societies. The most sustainable approach to growth and development, however, remains a daunting challenge. A substantially popular paradigm to development in contemporary developing societies, and Nigeria in particular, is remittance from international migrants. While remittances and their developmental potentials have received significant attention in the literature and policy domains, important subliminal trajectories associated with remittances have not received the deserved attentions. Studies have not sufficiently focused on the interface of Nigerian international migration history, contemporary intricacies in the global economy, extra-financial outcomes of remittances and coping techniques of migrants in remittance discourse. This article adopted a historico-sociological analytical design garnished with empirical methodology and data to engage the background issues. The article concluded by teasing out the need for a holistic and robust study of remittances that transcends superficiality in the remittance and development nexus considerations.