Nigeria in 2007. The United States accounts for the largest portion of official remittances, followed by the United Kingdom, Italy, Canada, Spain and France. On the African continent, Egypt, Equatorial Guinea, Chad, Libya and South Africa are important source countries of remittance flows to Nigeria, while China is the biggest remittance-sending country in Asia. Nigeria has one of the fastest growing telecommunications markets in the world, major emerging market operators (like MTN, 9mobile, Airtel and Globacom) basing their largest and most profitable centres in the country. The government has recently begun expanding this infrastructure to space based communications. Nigeria has a
Economic history of Nigeria to lose jobs, and there was less money going into the local economy. Foreign investors began to withdraw their money from Nigeria because of the state of conflict Nigeria is in and the degrading economy as a result of the Boko Haram; causing Nigeria to lose 1.33 trillion dollars in foreign investments. Nigerian refugees who were displaced or just seeking refuge from the Boko Haram migrated to neighboring countries such as Cameroon, Ghana, Niger, and Chad. Majority citizens migrated to the southern half of Nigeria where there are more opportunities for work, better economy, and more security. This further plays