An Exploratory Study of Entrepreneurship Development in Kogi State
DOI:
https://doi.org/10.22159/ijoe.2022v10i5.45997Keywords:
government support, entrepreneurship skills development, government policies, quality infrastructure, tax structureAbstract
This study aimed to unveil the challenges confronting entrepreneurship development and the impact of government support in Kogi State. The study determined the effect of government support on entrepreneurship skills development in Kogi State and examined the influence of government policies on entrepreneurship skills development in Kogi State. The survey research design was used in this study. A convenient sampling technique was adopted, and 296 participants were taken. Data were gathered and analyzed using descriptive statistics, Multiple Regression and Ordered Probit Regression. The study found that government support had a substantial effect on the development of entrepreneurship skills in Kogi State. Findings also demonstrated that government policies in Kogi State have a limited effect on the development of entrepreneurship skills. The study’s limitations are attached to the small sample size, which may not stand as a perfect representation, as well as the inability of the study to exhaust the factors challenging entrepreneurship development. The results of the study provide insight into cardinal factors affecting entrepreneurship development in Kogi State, the degree of the effectiveness of government support and the government policies that need review. Entrepreneurship skills development is crucial for driving social and economic development. Unveiling the challenges confronting it provides a pipeline for remedies and the needed support from the government. The study is novel as it links with sustainable entrepreneurship programs. The study is intended to widen the knowledge of the audience and establish a theoretical relationship that can be considered by practitioners in the field of entrepreneurship.
Downloads
References
Ajide, F. M., & Kameel, H. O. (2018, April 18-20). An overview of entrepreneurial development in developing countries: A comparative analysis [Paper presentation]. ICAN-Annual International Academic Conference on Accounting and Finance, Covenant University, Otta, Nigeria.
Akinyemi, F. O., & Adejumo, O. O. (2018). Government policies and entrepreneurship phases in emerging economies: Nigeria and South Africa. Journal of Global Entrepreneurship Research, 8(1). https://doi.org/10.1186/s40497-018-0131-5
Bouazza, A.B., Ardjouman, D., & Othman A. O. (2015) Establishing the factors affecting the growth of small and medium-sized enterprises in Algeria. American International Journal of Social Science, 4, 101-115.
Efi, A. E., & Akpan, S. S. (2012). Impediments to Entrepreneurship Development in the Niger Kogi Region of Nigeria. Canadian Social Science. 8(6), 102-109. https://10.3968/j.css.1923669720120806.2577
Hearn, B., & Filatotchev, I. (2019). Founder retention as CEO at IPO in emerging economies: The role of private equity owners and national institutions. Journal of Business Venturing, 34(3), 418–438. https://doi.org/10.1016/j.jbusvent.2019.01.007
Lawal, F. A., Iyiola, O. O., & Adegbuyi, O. A. (2018). Exploring alternative financing for entrepreneurship development in Nigeria: Surmounting challenges. Journal of Entrepreneurship Education, 21(1), 1-12.
Ndechukwu F. N. (2001). Packing Small and Medium Scale Industries for Equity Investment at a Workshop Organize by the bankers Committee for Small and Medium Scale Enterprises.
Nwachukwu, C., Fadeyi, O., Paul, N., & Vu, H. M. (2021). Women entrepreneurship in Nigeria: Drivers, barriers and coping strategies. Proceedings of the First International Conference on Computing, Communication and Control System. Bharath University, Chennai, India. DOI http://dx.doi.org/10.4108/eai.7-6-2021.2308607
Nweke, A. C., & Nweke, C. L. (2020). Nurturing youths entrepreneurial mindset and national development: A critical analysis. Global Journal of Arts, Humanities and Social Sciences, 8(10), 111-121.
Olannye, A. P., & Ajai, A. E. (2016). Entrepreneurial activities and economic development in Delta State, Nigeria. International Journal of Management Sciences and Business Research, 5(6), 38-48.
Omri, A. (2020). Formal versus informal entrepreneurship in emerging economies: The roles of governance and the financial sector. Journal of Business Research, 108, 277–290. https://doi.org/10.1016/j.jbusres.2019.11.027
Onodugo, V., & Onodugo, C. I. (2015). The impact of socio-cultural factors on entrepreneurial development in Nigeria. African Educational Research Journal, 3(4), 246-254.
Oriazowanlan, A. O., & Erah, D. O. (2019). Effect of insecurity on micro, small and medium enterprises (MSMEs) development in Benin-City, Edo State. International Journal of Business Management, 4(3), 75-86.
Poole, D. L. (2018). Entrepreneurs, entrepreneurship and SMEs in developing economies: How subverting terminology sustains flawed policy. World Development Perspectives, 9, 35–42. https://doi.org/10.1016/j.wdp.2018.04.003
World Bank. (2015). World development report 2015: Mind, society, and behaviour. https://www.worldbank.org/en/publication/wdr2015
Published
How to Cite
Issue
Section
Copyright (c) 2022 Yunusa Sule, Akeem Tunde, Mohammed Habeeb Abdullahi
This work is licensed under a Creative Commons Attribution 4.0 International License.