With the global economy expected to contract by up to 3% in 2020 following lockdowns in various countries and a slowdown of trade across the globe, migrant workers are unlikely to send as much money home because their employment and pay is vulnerable. World Bank studies show that remittances augment income and help put many in the lower- and middle-income countries above the poverty line. The fall in diaspora remittances will hit Nigeria particularly hard as this constitutes the second-largest revenue source for the country after oil, by far exceeding tax revenues.