Diaspora Remittances and Nigeria’s Human Development Index

This study investigated the effect of diaspora remittance on human capital development of Nigeria. The study was anchored on the pure altruism theory. It adopted the ex post facto research design. The data used in this study were obtained from Central Bank of Nigeria's Bulletin and the World Bank for the period of 2010 to 2023 and was analyzed using descriptive statistics, correlation and the regression analysis. The result of the study revealed that diaspora remittance has significant positive effect on HDI in Nigeria. It therefore concluded that diaspora remittance could enhance Nigeria’s human capital development. Accordingly, it was recommended that the Central Bank of Nigeria (CBN) should ensure easy transfer of diaspora remittances (without much hassles), since diaspora inflows will lead to more development of human capital of the country.