Search SchoolNGR

Monday, 06 April 2026
Register . Login

Why did many Nigerians believe sending money back home was financially rewarding?

Why did many Nigerians believe sending money back home was financially rewarding?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A They received tax exemptions for sending remittances
  • B The naira was a stable currency
  • C They paid no living expenses abroad
  • D The currency conversion rate often favored them
Correct Answer: Option D
Explanation:
Converting foreign earnings into naira often resulted in significant sums, making remittances seem lucrative.

Share question on: