Open AccessJournal Article
An Exploratory Study Of Igbo Entrepreneurial Activity And Business Success In Nigeria As The Panacea For Economic Growth And Development
TLDR
In this paper, the authors investigated whether the Igbo entrepreneurial activities are the panacea for the Nigerian economic growth and development, and whether the Igbob Trade Apprenticeship System is a rationale behind their business success.Abstract:
It is no doubt that Igbo entrepreneurs play vital roles in the growth of the Nigerian economy. Igbo Entrepreneurial activities have been observed to be a backbone for the economy of Nigeria and have facilitated improved standard of living of the people at both rural and urban settings. This study aims at investigating whether the Igbo entrepreneurial activities are the panacea for the Nigerian economic growth and development, and whether the Igbo Trade Apprenticeship System is a rationale behind their business success. The study used both primary and secondary source for gathering reliable and adequate data and information. The primary sources of data include the personal interview and questionnaire administered to the sampled metropolises (Sango-Ota, Ifo, Oshodi and Apapa); and the secondary sources include textbooks, journal and internet. Taro Yamane sampling method was adopted to determine the sample size, and Bowler’s proportional allocation method to distribute questionnaires in these selected metropolises. To analyze the data gathered for this study, descriptive statistical tool, tables and Likert Scale method were used. The study revealed that the Igbo entrepreneurial activities are the panacea for the Nigerian economic growth and development, and that ITAS is a business success factor. It was concluded that the Igbo entrepreneurial activities are the panacea for the Nigerian economic growth and development. The study therefore recommended that Nigerians and the people of other developing countries of the world should emulate the Igbo entrepreneurship culture for economic development purpose.read more
Citations
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References
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Report SeriesDOI
Defining entrepreneurial activity: definitions supporting frameworks for data collection
Nadim Ahmad,Richard Seymour +1 more
TL;DR: In this article, the authors set out definitions of the entrepreneur, entrepreneurship, and entrepreneurial activity for the purpose of supporting the development of related indicators, emphasising the dynamic nature of entrepreneurial activity and focusing attention on action rather than intentions or supply/demand conditions.
Fundamentals of entrepreneurship
TL;DR: In this paper, the authors attributed the inability to develop theory in the field of entrepreneurship to definitional issues in the area of entrepreneurship, the scope of entrepreneurial activities, relevance and measurement of various constructs used in entrepreneurship to describe the phenomenon.
Journal Article
There Was a Country: A Personal History of Biafra
TL;DR: Oyewole et al. as mentioned in this paper reviewed a personal history of Biafra by Chinua Achebe and identified efforts made by the Igbos to prevent the rapid deterioration of the situation that caused the civil war.
Journal ArticleDOI
Effective Working Capital Management in Small and Medium Scale Enterprises (SMEs)
TL;DR: In this article, the authors used standard working capital ratios to measure the effectiveness of working capital in the selected firms and found that the firms exhibited signs of overtrading and illiquidity, concerns was on profit maximization without taking cognizance of payment of creditors.
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The igbo entrepreneur in the political economy of nigeria
TL;DR: The authors in this article argued that the responsiveness of the Igbo ethnic group of Nigeria to European economic incentives was a result of a certain his-torico-sciological position that this group occupies in Nigeria.