Chapter One — 1.1 Background to the Study

Diaspora Remittance-Funded Ventures has increasingly attracted the attention of researchers, regulators, and practitioners concerned with job creation of youth entrepreneurs. This growing interest reflects the recognition that diaspora remittance-funded ventures does not operate in isolation, but interacts with a wider set of institutional and market conditions found within Oyo State.

Oyo State presents a useful setting for examining this relationship precisely because the conditions there — structural, regulatory, and behavioural — differ from those typically assumed in the broader literature, most of which draws on evidence from more developed economies.

1.2 Statement of the Problem

Despite a growing body of literature on diaspora remittance-funded ventures, there remains limited consensus on the precise nature of its relationship with job creation of youth entrepreneurs, particularly within Oyo State. Many organizations continue to make decisions about diaspora remittance-funded ventures without a clear, evidence-based understanding of how those decisions ultimately affect job creation of youth entrepreneurs. This gap between practice and empirical understanding is the central problem this study seeks to address.

1.3 Objectives of the Study

1. To examine the effect of Diaspora Remittance-Funded Ventures on job creation of youth entrepreneurs in Oyo State.
2. To assess the extent to which diaspora remittance-funded ventures influences job creation of youth entrepreneurs within the study area.
3. To identify the challenges associated with diaspora remittance-funded ventures in relation to job creation of youth entrepreneurs.
4. To recommend strategies for optimizing diaspora remittance-funded ventures in order to improve job creation of youth entrepreneurs.

1.4 Research Questions

1. What is the effect of diaspora remittance-funded ventures on job creation of youth entrepreneurs in Oyo State?
2. To what extent does diaspora remittance-funded ventures influence job creation of youth entrepreneurs within the study area?
3. What challenges are associated with diaspora remittance-funded ventures in relation to job creation of youth entrepreneurs?
4. What strategies can be adopted to optimize diaspora remittance-funded ventures in order to improve job creation of youth entrepreneurs?

1.5 Significance of the Study

This study is significant to a range of stakeholders. For policymakers and regulators, the findings offer evidence to guide the design of frameworks that support healthier outcomes around job creation of youth entrepreneurs. For managers and practitioners within Oyo State, the study provides practical insight into how diaspora remittance-funded ventures can be better managed. Finally, it contributes to the academic literature on entrepreneurship by extending existing knowledge into a specific empirical context, and offers a reference point for future researchers.

1.6 Scope of the Study

The study is limited to an examination of Diaspora Remittance-Funded Ventures and its relationship with job creation of youth entrepreneurs within the context of Oyo State. It reflects a clearly defined scope of analysis and relies on data and perspectives available within that scope; generalizing the findings beyond this specific context should therefore be done with appropriate caution.