Economic Impact of Spending By Nigerian Students In America Reaches $514 million In 2018/2019 Year

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The continued growth in international students coming to the U.S. for higher education had a significant positive economic impact on the United States. International students contributed $45 billion to the U.S. economy in 2018, according to the U.S. Department of Commerce. In addition, the international students supported 458,290 jobs.

Over the past academic year, the economic impact of spending by Nigerian students studying in the United States reached $514 million, data from the US State Department shows. The figure outstrips the economic impact of students from France, Germany and the United Kingdom in the US. In total, Nigerian students studying in America reached 13, 421  for the top spot in Africa.

According to Open Doors 2019 report, about 62 percent of all international students in America receive the majority of their funds from sources outside of the United States, including personal and family sources as well as assistance from their home country governments or universities.

Students from around the world who study in the United States also contribute to America’s scientific and technical research, bring international perspectives into U.S. classrooms, and enhance cross cultural collaboration that help prepare American undergraduates for global careers.

With 3,661 students studying in America, Ghana is behind Nigeria when ranking African countries with students studying abroad, while Kenya takes third spot with 3,451 students.

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