Question Detail

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

Question

What significant economic contribution have Nigerians in the 'new' diaspora made to the homeland, particularly in the past three decades?
Options
A Establishing large-scale industrial factories in their host countries.
B Remitting billions of Naira home to family members for construction or business.
Correct Answer
C Investing primarily in foreign stock markets.
D Developing new agricultural technologies for export.
Correct Answer

Option B is the correct answer.

Detailed Explanation

The document highlights: '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.' (Page 7)

Hint

This contribution is a direct financial flow from abroad to individuals and businesses in Nigeria.

Question Info

Course: GST 112
Topic: Study Session 10: DIASPORIC CULTURE AND NIGERIA’S DEVELOPMENT
Type: Objective
Difficulty: Not specified
Question 478 of 1270
Previous Course Details Next