Factors Influencing Entrepreneurship Development in Sub-Saharan Africa: Empirical Evidence from Imo State, Nigeria
Abstract
The study examines factors affecting entrepreneurial development in sub-Saharan Africa with particular focus on IMO state, Nigeria. The study adopted descriptive survey as its design because of the known population. The study population consist about 3,151 small-scale entrepreneurs and applied Taro Yamane’s formula to determine the sample size of 355 participants. Simple percentages were used to tabulate the results while chi-square was used to test the hypotheses. Social action theory by Max Weber, was used to back the study. The results reveal that factors such as unavailability of capital, Inadequate power supply, current state of infrastructure and lack of modern technology affects negatively on entrepreneurial business growth in Imo state. The study recommends that government should pay adequate attention on providing power (electricity), increase funding, increase infrastructure and provide modern technologies at all levels to enable the entrepreneurs to grow to a large extent, it will spur the nation toward achieving SDGs (agenda 9) which, Nigeria is a signatory among comity of the world
Keywords
CapitalPower SupplyInfrastructureTechnologyEntrepreneurial Business Growth.
References
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