Why the diaspora is a gold mine for Nigerian startups
Diaspora as a gold mine for Nigerian startups.
Key questions this article answers:
  1. The Nigerian diaspora has increased due to sustained emigration; what does this mean for the country’s startups and innovators?
  2. What challenges does the Nigerian diaspora face that present commercial opportunities for startups?


Economic migration trends in Nigeria have gained much
attention in the last few years. Nigerians seeking better opportunities are relocating to more developed economies. The United Kingdom, the second most popular destination for Nigerian emigrants according to data from the International Organisation for Migration (IOM), has seen the number of people with Nigerian ethnicity increase from circa 205,000 in 2018 to about 281,000 in 2020, according to official statistics.

 


This large exodus, colloquially known as “
Japa,” has gained a bad reputation in some quarters. From those who focus on the brain drain it is causing to the Nigerian economy to host nations raising the alarm about the number of dependents accompanying the visa holders.

Despite the bad reputation,

This story is only available to Premium subscribers Subscribe or sign in to finish reading

Not ready to subscribe? Register to read a selection of free stories

Nnamdi Ifechi-fred

Nnamdi Ifechi-fred

Read Latest

Private Capital in Africa 2025: Côte d'Ivoire’s Investment Trends & Outlook

PREMIUM - 13 MAR 2025

Technology Transaction Brief: Vumatel Completes the Full Acquisition of South African Fibre Company, Herotel

PREMIUM - 13 MAR 2025

March 2025 Africa Macro Outlook

PREMIUM - 12 MAR 2025

Industrials Transaction Brief: Everlectric Secures Funding from Edge Growth through FNB-backed Vumela Fund

PREMIUM - 12 MAR 2025

Download our mobile app for a more immersive reading experience

Scan QR code
mobile download