Nigerians in the UK: Making Pounds, No Excuses
How much do they earn?
Over 70% of Nigerians sending money home from the UK report earnings between £15,000 and £50,000. Only 2% earn over £125,000. But it’s not just about what they earn; it’s how they hustle to support their families.
Share thisIs income disparity by gender real?
Yes, it is. We found out that Nigerian men in the UK are 3x more likely to earn over £50,000 than their female counterparts. This income gap impacts how much they’re able to send back home.
Share thisThe longer, the better?
We saw that the longer Nigerians are in the UK, the better their income. Nigerians over 10 years in the UK are 3x more likely to earn over £50,000 than Nigerian between 1-5 years in the UK
Share thisHow many hustles are they juggling?
Around 70% of Nigerians sending money home from the UK have just one source of income.
Share thisDoes gender play a role here?
Men are 1.6x more likely to have multiple income sources than women
Share thisMore sources = higher income
As you would expect, there’s a correlation between more sources of income and higher income. The higher the salary range, the higher the likelihood of having multiple sources of income.
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How much do Nigerians send home each month?
9 in 10 Nigerians sending money from the UK send at least £100 each month. This is ₦200,000 (using an exchange rate of ₦2,000 - £1).
Share thisThe more you earn, the more you send
Individuals earning over £50,000 are more likely to send over £1,000 back home every month
Share thisDoes being in the UK long help?
Yes. Nigerians who have lived in the UK for over 5 years are 1.3x more likely to send over £500 each month.
Share thisWhat percentage of earnings do they send?
Most people send less than 20% of their income to Nigeria.
Share thisAre women likely to send more money home?
For lower sums, yes. However, men are 4x more likely to send over £1000 every month.
Share thisHow often do Nigerians send money each month?
More than 50% of people send money between 2 - 5 times monthly.
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How remittance is changing lives in Nigerians.
Why do Nigerians in the UK send money back home?
Almost 50% of Nigerians in the UK send money home to support their families—paying for education, medical bills, and building homes. In addition, 7% are helping local businesses stay afloat.
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When do Nigerians in the UK send money the most?
The busiest months for remittances are December and January—when families prepare for the holidays and send extra support to loved ones back home.
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