The Role of Diaspora Entrepreneurship in Economic Development: a Case Study of Nigeria

Abstract

Diaspora entrepreneurship has emerged as a significant driver of economic development, particularly in countries with large diaspora populations. This research paper delves into the dynamic relationship between diaspora entrepreneurship and economic development in the context of Nigeria. Through an exploration of motivations, challenges, and contributions, the paper assesses the substantial impact of Nigerian diaspora entrepreneurs on economic growth. The study highlights the roles they play in job creation, foreign investment, knowledge transfer, and innovation. The findings underscore the importance of leveraging diaspora entrepreneurship for sustainable economic development, offering insights for policymakers and stakeholders.