<b>Remittance and Economic Growth in Nigeria</b>

This study examined the impact of remittance on economic growth in Nigeria for the period of 1990-2024. It used time series data sourced from Central Bank of Nigeria Statistical Bulletins and World Bank Development Indicators of 2025. Using descriptive statistics which shows that the data were normally distributed based Jacque Bera Statistics and its Probability values. It applied Augmented Dickey Fuller (ADF) test which revealed that I (1) and (0) order of integration exist among the studied variables which necessitated the adoption of Autoregressive Distributed Lag model (ARDL). The ARDL F-bounds test reveals that long-run relationship exist among inward remittance, outward remittance, exchange rate and economic growth in Nigeria.  Furthermore, long-run result showed that inward remittance has positive impact on economic growth in Nigeria and statistically significant in the model except outward remittance and exchange rate have negative impact on economic growth in Nigeria and statistically insignificant. .  On the short-run result, ECM revealed the speed of adjustment that remittance variables and economic growth in Nigeria converged back to equilibrium point in 1year and 7 Months period.  Similarly, it showed that inward remittance in current year and previous years have positive impact on economic growth in Nigeria and statistically significant.  Whereas, outward remittance and exchange rate have negative impact on economic growth in Nigeria and statistically significant in the short-run. Moreover, the pairwise granger Causality result revealed that there is bi-direction relationship exist between remittance and economic growth in Nigeria. Therefore, this study concluded that remittance has positive and significant impact on economic growth in Nigeria. Hence, the study recommended that policy makers are urged to focus on maintaining high budgetary provisions and excellent expenditures from the remittance  in Nigeria to diversify economic activities, to discourage foreign tourism that promote outward remittances by developing Nigeria health and education sector that always attracts inward remittances, improve real sectors critical to capital development (education, security, electricity) and adopt relevant fiscal and monetary policy measures aimed at stabilizing inflation rate and exchange rate  for sustainable economic development in Nigeria