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Report Shows 1 in 2 Nigerians Want to Move Abroad—Why It’s More Than Just a Statistic
With nearly half of Nigeria’s population expressing interest in relocating abroad, as Gallup recent data indicates, the desire to seek greener pastures has become more prominent. When surveyed, 1 in 2 Nigerians say they would want to move abroad for work, school or to expand their business.
This trend, fueled by economic and political instability, suggests a rising number of skilled Nigerians could enrich foreign workforces and economies. While it offers opportunities for individual growth and development, it also raises concerns about a potential brain drain.
The desire to seek better opportunities abroad is understandable. Nigeria’s talented youth, often stifled by systemic challenges, are eager to contribute to the global workforce. It’s not just Nigeria, Liberia for instance according to the report by Gallup has more than 70% of its surveyed population showing interest in moving abroad.
“More than a third of Africans want to move permanently to live somewhere else, a new high, according to a 2023 survey by Gallup. In 2012, 29% wanted to migrate; last year the number was 37%”, says Alexandra Onukwue who writes for Semafor.
However, this exodus can have detrimental effects on the nation’s economic growth and development. As skilled professionals leave, the country loses valuable human capital that could drive innovation and create jobs.
To address this issue, it’s crucial to create an environment that fosters talent and innovation within Nigeria. This involves implementing policies that promote economic growth, reduce corruption, and improve the quality of life. Additionally, investing in education and skills development can equip young Nigerians with the tools they need to succeed.
This is why Vesti is playing an important role as a “Software Engineering Location of Choice” and its dedication to nurturing and developing top talent.
The company has ambitious plans to create over 600 engineering jobs in Lagos over the next two years and 1,500 new engineering jobs in the state by 2027. Although the Dallas-headquartered Vesti serves users from over 15 countries through its mobile apps and website, it has notable presence in the UK, Ghana, Zambia, Nigeria and recently expanded to Canada.
Olusola Amusan, CEO of Vesti, highlights the significance of this migration. “Nigeria is full of talented individuals eager to make a difference, and they are looking globally for opportunities.
Vesti is committed to making that transition as smooth as possible by equipping them with the right resources to succeed abroad,” Amusan said. Amusan emphasizes the importance of a balanced approach to migration. “We can’t stop migration, but we can make it seamless, while building room for creative ways for immigrants to send money back home and develop their home countries”, Amusan continues.
While it’s essential to support those seeking opportunities abroad, it’s equally important to create a thriving ecosystem within Nigeria. By investing in education, technology, and entrepreneurship, Nigeria can retain its talent and drive economic growth.
As global economies increasingly need skilled labor, platforms like Vesti are meeting a critical need, helping individuals navigate complex immigration processes.
However, the challenge is ensuring that this migration trend contributes positively to both Nigeria and host countries.
The UN Office on Migration warns against the risks of “brain drain” and emphasizes the need for balanced migration policies. Since the Vesti app allows people from other countries to move to Nigeria by showcasing Nigeria’s strategic advantages, the app is one the ways Amusan things we can balance the scales.
To fully harness the power of migration to create a better future for all, a concerted effort is needed from both the Nigerian government and the international community. The Nigerian government must prioritize education and skills development to equip young people with the tools they need to succeed in a globalized world.
Creating a conducive business environment, reducing corruption, and promoting transparency are essential for attracting investment and fostering innovation. By implementing these measures, Nigeria can retain its talent and encourage entrepreneurship. Retention is however becoming an old trick, countries are trying export, talent export.
The idea of talent export is to partner with multinationals in destination countries, cities, states and national governments, to export talent with the intent to bring foreign direct investment or simply remittances back to the home country. There are a couple of white papers that further explain this model.
International cooperation is crucial in addressing the complex issues surrounding migration. Countries should collaborate to establish skilled worker programs that benefit both sending and receiving nations.
Encouraging the diaspora to contribute to Nigeria’s development through investments and knowledge sharing can also have a significant impact. Additionally, it’s imperative to ensure fair labor practices and protect the rights of migrant workers.
With this trend likely to continue, countries need to recognize the value Nigerian immigrants bring. By easing entry for skilled Nigerian professionals, host countries stand to benefit from a motivated workforce ready to contribute.
At the same time, initiatives like Vesti with over 800,000 downloads in the Google Playstore, are crucial for empowering these professionals to be both successful and well-integrated abroad.
Despite how many people love Vesti, its current success is still a scratch in a market where Vesti wants to help 50m-100m people by 2028. Vesti’s apps can be downloaded in App Store and the Google Play store or via Wevesti.com
Xora Finance has announced it will no longer consider job applicants from Nigeria.
Xora Finance is a digital bank founded by Joren Lundgren, in February 2026 and allows users to deposit and earn interest on their XRP cryptocurrency.
Lundgren, founder, in an announcement on X (formerly Twitter), cited an ongoing pattern of misconduct, such as dishonesty and theft, from previous Nigerian hires as the reason for the decision.
This sudden blanket ban came just days after the company’s official career page was aggressively recruiting remote workers for marketing and content roles.
The announcement generated heavy backlash online, with many people upset that a blanket rule punishes honest job seekers.
Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges.
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new participants rather than from actual profits.
Operators lure victims by promising high returns with little to no risk.
The scheme inevitably collapses when the flow of new investors slows down.
Some lawyers who spoke to News Agency of Nigeria (NAN) separate interviews with on Sunday, said that victims could pursue civil actions to recover their money.
Mr Chibuikem Opara, a lawyer at Justification Chambers, Ikeja,said many Nigerians continued to fall victim to Ponzi schemes in spite of repeated warnings.
Opara said it was wrong to attribute participation in Ponzi schemes to a lack of investment opportunities, noting that promoters often exploit investors’ greed through promises of unrealistic returns.
“What you cannot take away is the fact that many Nigerians have fallen and continue to fall victim to these schemes every time,” he said.
According to him, victims may individually or collectively institute civil actions against the beneficiary company for breach of contract or refund arising from failure of consideration.
Opara said victims could also unite to seek an order from the Federal High Court to wind up the beneficiary company.
He, however, noted that such efforts might yield little benefit if perpetrators had already siphoned the funds and left behind an empty shell.
The lawyer said available remedies largely depended on the actions of relevant authorities, adding that recipient accounts could be frozen to facilitate fund recovery and support winding-up proceedings.
Opara said regulators and law enforcement agencies often became aware of Ponzi schemes only after substantial losses had occurred.
According to him, victims frequently failed to report suspicious schemes early enough to enable timely intervention.
He added that funds are sometimes moved outside the country before authorities become aware of the fraud.
Opara also cited inadequate information and the deceptive nature of the schemes as major obstacles to investigation and prosecution.
“Most times, everything about the schemes is made to appear elusive, just like the profits promised to victims,” he said.
Also speaking, Mr Vincent Aminu of A.F. Aminu and Co. advised that victims of investment scams should report such cases to appropriate law enforcement agencies on time.
Aminu said victims could petition the Economic and Financial Crimes Commission (EFCC) or file reports with the police.
He said that after investigation, prosecutors could bring charges against suspects under relevant fraud-related laws, including provisions of the Criminal Code and the Advance Fee Fraud and Other Fraud Related Offences Act.
Beyond criminal prosecution, Aminu said .victims could pursue civil actions to recover their money
According to him, such actions may be based on breach of contract, unjust enrichment, or fraudulent misrepresentation, depending on the circumstances.
He added that victims could petition the Securities and Exchange Commission (SEC), which could investigate illegal operators, shut down unauthorised platforms, and freeze assets.
He identified the anonymity of online fraudsters as one of the biggest challenges confronting investigators.
According to him, many operators concealed their identities through fake digital profiles and technologies that made tracking them difficult.
Aminu also noted that victims who delayed taking legal action risked losing opportunities for redress.
He added that prolonged court proceedings often delayed justice for victims.
“Many fraud-related cases take years before the court reaches a verdict, thereby delaying justice for victims,” he said.
Also, Mr Chris Ayiyi of Ayiyi Chambers, Apapa, described Ponzi schemes as a gamble that benefited early participants at the expense of later investors.
Ayiyi said some early entrants received returns on their investments, thereby encouraging others to join the schemes.
He said the schemes eventually collapsed, leaving late investors to bear the losses
The lawyer called for a complete ban on Ponzi schemes or sustained public enlightenment campaigns against them.
He urged the National Assembly to enact laws that would strengthen regulation and provide greater protection for investors.
According to him, stronger legal safeguards are necessary in a country operating a capital-based economy.
PalmPay Group (“PalmPay”), a multinational fintech company providing digital financial services across high-growth emerging markets, is pleased to appoint Samuel Oluyemi as Chief Operating Officer (“COO”) of its Nigeria practice, effective immediately.
The appointment comes at a pivotal moment for PalmPay as it looks to reach more underserved communities and continuously strengthen the reliability and security of its services. It also comes as Nigeria’s broader financial services sector continues to modernize, bring millions more Nigerians into the formal financial system, and strengthen the cybersecurity and fraud-prevention standards that underpin public confidence in digital payments.
As COO of PalmPay Nigeria, Mr. Oluyemi will oversee PalmPay’s Nigerian operations — where the company provides a full suite of digital financial services to individuals and businesses — and communicate with regulators to ensure the company’s growth happens harmoniously with the country’s financial, digital, and social inclusion goals.
Mr. Oluyemi brings more than two decades of experience at the Nigeria Inter-Bank Settlement System (“NIBSS”). During his tenure as the Business Development Lead, he championed the development of key national payment services — including the Digital Validation of Nigerian International Passport (e-Passport Validation), Electronic Dividend Mandate Management System (“e-DMMS”), and the Electronic Pensions Contribution Collection System (“EPCCOS”) — and played a pivotal role in introducing and driving early adoption of NIBSS Instant Payment (“NIP”), Nigeria’s first online, real-time, inter-bank transfer system in 2011 and its subsequent extension to the Other Financial Institutions (“OFI”) segment of the Nigeria Payments System.
He holds an MSc in Monetary Economics from the University of Ibadan with extensive local and international professional training.
“Samuel joins PalmPay at an important stage in our journey to strengthen the foundations that will support our long-term goal of driving financial inclusion,” said Chika Nwosu, Managing Director of PalmPay Nigeria. “His extensive experience makes him well positioned to help us scale sustainably while maintaining the operational discipline, governance and customer-first culture that define PalmPay.”
“PalmPay has established itself as one of the most impactful fintech companies in emerging markets by making financial services more accessible and affordable for millions of people,” said Mr. Oluyemi.
“I am excited to join the company and look forward to working alongside an exceptional team to strengthen operational excellence and support PalmPay’s vision of building a leading digital financial services platform. Together, we will continue delivering secure, reliable, and customer-focused financial solutions while contributing to the continued evolution of Nigeria’s digital financial ecosystem.”
As Nigeria’s digital financial services sector continues to mature, this appointment reflects a broader commitment guiding PalmPay across all markets it serves: building financial services that are secure, reliable, and effective enough to earn a permanent place in people’s everyday lives.
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