Question Detail

GST 112 Study Session 10: DIASPORIC CULTURE AND NIGERIA’S DEVELOPMENT Objective Question
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Question

What is the primary way 'new' diaspora Nigerians financially contribute to their homeland's economic development, as mentioned in the text?
Options
A Direct foreign aid to the government
B Setting up large-scale industries directly
C Remitting money home to family members for construction or business
Correct Answer
D Investing in the Nigerian stock market
Correct Answer

Option C is the correct answer.

Detailed Explanation

Section 10.3 highlights: 'Apart from sharing ideas, almost, if not all Nigerians abroad remit money home to family members for construction or business. Monies sent by Nigerians in diaspora sum up to billions of Naira every year and economic analysts state that such financial stimulus has contributed to Nigeria's economic development, especially in the past three decades.'

Hint

This involves direct financial support to their relatives.

Question Info

Course: GST 112
Topic: Study Session 10: DIASPORIC CULTURE AND NIGERIA’S DEVELOPMENT
Type: Objective
Difficulty: Not specified
Question 464 of 1270
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