Home / Current Issue / Paper 1705687
Entrepreneurship Role in Nigerian Entrepreneurial Ecosystem
Subject area: Management and Commerce · Area of research: Entrepreneur/Technopreneur
Abstract
Though it is widely acknowledged that entrepreneurship is essential to driving economic development. Nigeria?s entrepreneurial climate has not seen much economic progress despite being home to a plethora of entrepreneurial activities. Thus, the goals of this study are to trace the major evolutionary stages of entrepreneurship in Nigeria to contemporary entrepreneurial essence and practical inferences that could foster the sustenance of entrepreneurship; identify the key entrepreneurial initiatives used to address entrepreneurship-related issues in the study area, and the reasons behind the failure of some of these initiatives, drawing on existing literature; and present a succinct critique of the governmental entrepreneurial initiatives and plausible threshold of their conceptual practicality. Historical justification is frequently important for the explanation of research realities in situ. A study of the dimension in the study location necessitates a review of the literature outlining the stages of entrepreneurship development before, during, and after colonialism.
Keywords
Agrarian economy, Entrepreneurship, Entrepreneurial Initiatives, Entrepreneurial Milestones
References
[1] O. H. Abimbola & M. G. Agboola, Environmental factors and entrepreneurship development in Nigeria. Journal of Sustainable Development in Africa, 2011, 13(4), 166-176.
[2] M. Agboli & C. C. Ukaegbu, Business environment and entrepreneurial activity in Nigeria: implications for Sustainable Development.
[3] O. T. Oyelola, I. O. Ajiboshin, L. Raimi., S. Raheem., & C. N. Igwe. Entrepreneurship for sustainable economic Development, 2013.
[4] P. O. Okumagba & O.O. kinono, Human Capability and Entrepreneurial Development in the Niger Delta Region of Nigeria, 2016.
[5] U. U. Ikeiji & C. O Onuba, Contributions and challenges of entrepreneurship in Nigeria: A sociological analysis, 2015.
[6] W. O. Gabadeen & L. Raimi, Management of Entrepreneurship Education in Nigerian Higher Institutions, 2012.
[7] T. Lemo, Development and the Entrepreneurial Challenge Policy and Execution. This Day, 11 January 2013 Midea, M (2004): learning to do as a pillar of education and its link to entrepreneurial studies in higher education: European contexts and approaches, higher education, 2013.
[8] L. Raimi., I. Akhuemonkhan & O.D. Ogunjirin, Corporate Social Responsibility and Entrepreneurship (CSRE), 2015.
[9] A. A Ameh, & A. A. Udu, (2016). Social Networks and Entrepreneurship Orientation among Students in Nigerian Universities: A Study of Social Network Size and Risk Disposition. Business and Management Research, 2016, 5(2), p1.
[10] J. O Odia & A. A. Odia, Developing Entrepreneurial skills and transforming challenges into opportunities in Nigeria. Journal of Educational and Social Research, 2013, 3(3), 289.
[11] O. Adebayo & J. A Kolawole, The historical Background of Entrepreneurial Development in Nigeria: its Gains, Shortcomings and Needful. Journal of Emerging Trends in Economics and Management Sciences, 2013, 4(5), 493.
[12] I. M. Dem Isaiah & G. I Barfa, Strategies for revitalizing the implementation of entrepreneurship education in Technical, Vocational Education and Training (TVET) to enhance self-employment in Nigeria. British Journal of Education, 2014, 2(4), 50-62.
[13] J. T. Adu, & B. M. Cole, Entrepreneurship, Innovation and Economic Growth Index in an Emerging Economy: Nigeria as a Case Study. In ECIE2015-10th European Conference on Innovation and Entrepreneurship: ECIE 2015 (p. 9). Academic Conferences and Publishing Limited. Africa: Rethinking Strategy and Policy, 2015, 1.
[14] A. S. Olorundare & D. J. Kayode, Entrepreneurship Education in Nigerian Universities: a tool for national transformation. Asia Pacific Journal of Educators and Education, 2014, 29, 155-175.
[15] E. D. Ojo, I. Anitsal & M. M. Anitsal, Poverty among Nigerian Women Entrepreneurs: A Call for Diversification of Sustainable Livelihood in Agricultural Entrepreneurship. International Journal of Entrepreneurship, 2015, 19, 167.
[16] B. A. Amadasun, Entrepreneurial roles and factors affecting entrepreneurship. Journal of Professional Administration, 2003, 5(2).
[17] C. Mambula, Perceptions of SME growth constraints in Nigeria. Journal of Small Business Management, 2002, 40(1), 58.
[18] A. Ahiauzu, Entrepreneurship and economic development in Nigeria: The way forward. Achieving sustainable development in Africa, 2010, 278-296.
[19] A. A. Adeoye, The effect of entrepreneurship on economy growth and development in Nigeria. International Journal of Development and Economic Sustainability, 2015, 3(2), 49-65.
[20] S. Aliu & G. Ibe, Recent trends in entrepreneurship education in Nigeria: Prospects and challenges. Hamitle Consults, Nigeria, 2008.
[21] E. O. Agu & D. Ayogu, Assessing the Prospects and Problems of Entrepreneurship Development in Nigeria, 2015.
[22] M. Oviawe, Repositioning Nigerian youths for economic empowerment through entrepreneurship education. European Journal of Educational Studies, 2010, 2(2).
[23] M. E.Ogah, & N. O Emesini, Appraisal of the General Studies (GST) entrepreneurship skills acquisition curriculum for university undergraduates in Nigeria: Challenges and the way forward. Mediterranean Journal of Social Sciences, 2013, 4(7), 137.
[24] A. S. Adejimola & T. O. Olufunmilayo, Spinning off an entrepreneurship culture among Nigerian University Students: Prospects and challenges. African Journal of Business Management, 2009, 3(3), 80.
[25] S. S. Babalola, The role of socio-psychological capital assets on identification with self-employment and perceived entrepreneurial success among spilled professionals. Journal of Small Business & Entrepreneurship, 2010, 23(2), 159-172.
[26] B. S. P. Ijaiya, Addressing youth unemployment through entrepreneurship education. Ilorin, 2007, 54.
[27] E. O. Agu, & D. Ayogu, Assessing the Prospects and Problems of Entrepreneurship Development in Nigeria, 2015.
[28] M. B Low & I. C. MacMillan, 1988. Entrepreneurship: Past Research and Future Challenges, Journal of Management, 1988, 14 (2), 139-161.
How to cite this paper
@article{1705687,
author = {Samuel Temitope Ogbara, Samuel Mayowa ALADE},
title = {Entrepreneurship Role in Nigerian Entrepreneurial Ecosystem},
journal = {Iconic Research And Engineering Journals},
year = {2024},
volume = {7},
number = {10},
pages = {363-370},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1705687.pdf},
abstract = {Though it is widely acknowledged that entrepreneurship is essential to driving economic development. Nigeria?s entrepreneurial climate has not seen much economic progress despite being home to a plethora of entrepreneurial activities. Thus, the goals of this study are to trace the major evolutionary stages of entrepreneurship in Nigeria to contemporary entrepreneurial essence and practical inferences that could foster the sustenance of entrepreneurship; identify the key entrepreneurial initiatives used to address entrepreneurship-related issues in the study area, and the reasons behind the failure of some of these initiatives, drawing on existing literature; and present a succinct critique of the governmental entrepreneurial initiatives and plausible threshold of their conceptual practicality. Historical justification is frequently important for the explanation of research realities in situ. A study of the dimension in the study location necessitates a review of the literature outlining the stages of entrepreneurship development before, during, and after colonialism.},
keywords = {Agrarian economy, Entrepreneurship, Entrepreneurial Initiatives, Entrepreneurial Milestones},
month = {April},
}