Family-owned businesses play a crucial role in building economic resilience, especially in developing economies like Nigeria. These businesses are often the backbone of local economies, providing jobs, ensuring community stability, and contributing to long-term wealth creation. This article explores the key strategies that have allowed family-owned businesses in Nigeria to thrive and sustain economic resilience in challenging environments. 1. The Role of Family-Owned Businesses in Nigeria’s Economy Nigeria’s economic landscape is diverse, with family-owned businesses ranging from small-scale enterprises to large conglomerates. These businesses contribute significantly to the country's GDP and provide employment opportunities to millions of people. Job Creation: Family-owned businesses are key employers in Nigeria, contributing to employment across various sectors, from agriculture and retail to manufacturing and technology. Local...