Abstract

There has not been enough research done on the relationship between remittances and industrial value, particularly from an African viewpoint (Sulemana et al., 2019). The majority of previous study, such as Lukman et al. (2020); Olayungbo and Ahmod Quadri (2019); Akobeng (2015) have explored such a relationship with a focus on Latin American and Asian countries, whereas African countries have received less attention. In addition to this, the focus of these studies has been on determining whether or not there is a threshold between remittances and the value of industry in African economies; determining whether or not remittances are conducive in contributing to the inclusiveness of economic growth in Sub-Saharan Africa; and determining the effect of remittances on industry value for a sample of developing countries covering the period from 2015-2021.

Keywords: Remittances, Indusrial value, Financial growth, African countries