Immigrant Entrepreneurship and Family Business in Nigeria

Abstract

The study immigrant entrepreneurship and family business in Nigeria with specific objectives is to: Determine the concept of immigrant entrepreneurship and family business, determine the effect of Terms of Trade (TOT) and Gross Domestic Product (GDP) in immigrant entrepreneurship and family business and profound possible recommendations on factors militating against immigrant entrepreneurship and family business. The research adopted a qualitative data using secondary data from Central Bank of Nigeria (CBN) within the period of 2016 - 2020 (quarterly report) hence, Terms of Trade (TOT) as a variable of immigrant entrepreneurship and Gross Domestic Product (GDP) as a variable of family business in Nigeria. This is because the tittle of the study is immigrant entrepreneurship and family business in Nigeria. The study considered running an ANOVA with SPSS using the obtained secondary data to test the level of significant with 0.05 using SPSS to determine the effect of immigrant entrepreneur on family businesses in Nigeria. The study therefore recommended: The government should also ensure that immigrant entrepreneurs are protected by the legal framework of the country; this would also serve to increase immigrants’ confidence and sense of security in Nigeria. The entrepreneur in a family business must act proactively by crafting succession plan early enough.