Exploring the role of transnational entrepreneurship in Nigeria

Transnational entrepreneurship is a process by which individuals pursue entrepreneurial objectives between two countries they are socially embedded in, by leveraging resources in their possession across both societies in ways which most effectively suit the enterprises. At the turn of the century the wave of globalization has swept through every corner of the world, people moving countries in search of employment opportunities or other reasons such as education. Through these life experiences individuals experience new cultures, society and acquire new knowledge. In turn entrepreneurial minded individuals start business on the interface of their home and host countries by leveraging resources available to them on both ends. In this thesis transnational entrepreneurship in Nigeria is studied to understand its influence on business creation and its economic impacts within a developing country. The perspective of transnational entrepreneurship in a developing African country is the focal point. Taking into consideration the lack of study of transnational entrepreneurship from a developed country to a developing African country. Therefore, Nigeria is chosen as an ideal country to investigate considering the size of its economy and position within the African continent. Therefore, three Nigerian transnational entrepreneurs’ activities are studied to tackle the research problem. According to the findings of this study. The motivation of transnational entrepreneurs to operate in Nigeria is their intention to influence the level of the country’s economic development. The resources transnational entrepreneurs possess sets them out based on their understanding of two environments and ability to align their activities to avoid institutional challenges as well as maximizing potential. Secondly, the possession of advance educational background and exposure to highly skilled network within industries aids the successful creation of such businesses which in turn open a channel for local community to tap into international networks