It is no longer a debate that international remittance has a positive influence on economic growth as it goes into individuals to meet family needs, but what has not been settled empirically (at least in the case of Nigeria) is the end-use allocation of this resources. This study assesses the expenditure pattern of international remittances on productive assets purchase using a micro cross-sectional data obtained from 2009 World Bank’s Migration and Remittances Survey in Nigeria. The model estimated was based on a new approach, using the bivariate probit regression equation which saw remittances and productive assets as endogenous variables determined by some observed variables. The main result is the insignificant positive effect of migrant remittances on propensity to acquire productive assets among Nigeria’s households.