Management of Diaspora Business: Issues and Learning

The remittances of funds to countries of origin by diasporas has grown tremendously in the past few years, and will not only serve as important life line for millions of families but also contribute to economic growth if invested effectively. Nigeria was identified as the case study country because of its unique economic position in Africa and thus providing a significant amount of data used through the survey of some small and medium size enterprises (SMEs). The chapter points to the fact that diasporas through the platform of SMEs, can contribute significantly to economic developments in developing countries; particularly if respective governments make the necessary reforms and provide adequate infrastructure.