International Journal of Economics and Business Administration
Articles Information
International Journal of Economics and Business Administration, Vol.3, No.1, Jan. 2017, Pub. Date: Feb. 28, 2017
Entrepreneurial Ecosystem: Lessons of Experience in Nigeria
Pages: 1-10 Views: 4150 Downloads: 1722
Authors
[01] Samuel Taiwo Toluyemi, Department of Agricultural Development Management, Agricultural & Rural Management Training Institute (ARMTI), Ilorin, Nigeria.
[02] Moses A. Adebisi, Sociology Department, University of Ilorin, Ilorin Nigeria.
[03] Temitope Titilayo Toluyemi, Department of Operations, Pension Alliance Limited (PAL), Lagos, Nigeria.
Abstract
It is observed that there seem to be glaring disparities on the entrepreneurial activities among the ethnic nationalities in Nigeria. Hence, the study examines entrepreneurial activities among the ethnic nationalities with a view to explaining the observed differences. The study used secondary data on distribution of MSMEs in Nigeria. Primary data were collected through questionnaires and interviews on entrepreneurial activities among the different ethnic nationalities of the Nigerian entrepreneurs. Descriptive and t-statistics were used to analyse the data collected. The study revealed that there is a significant difference between the entrepreneurial activities of Igbo nation and all the other ethnic nationalities in Nigeria. However, Yoruba nation’s entrepreneurial activities are not significantly different from that of the Hausa/Fulani and other Nigerian ethnic nationalities. In the same vein there are no significant differences between the entrepreneurial activities of the Hausa/Fulani with that of the other ethnic nationalities. The disparity is tending towards domination of enterprise landscape by Igbo nation. Hence, deliberate efforts must be made for other ethnic nationalities to improve on their entrepreneurial activities to avert impending problem(s). The identified reasons for this observed difference include: The Igbo nation has; i) Good start-up practices for their potential entrepreneurs; ii) Enterprise mentoring process for the would-be entrepreneurs; iii) Good forward and backward networking procedures; and iv) They also have monogamous families which favour sustainability of enterprises. In addition the attitude of the Hausa/Fulani which is mainly that “one does not need to bother about the future” because the future will take care of itself. Similarly, women are also not encouraged to be entrepreneurs as many of the women are in purdah. Hence, they have little or no access to the general public. The study recommended that the three-tiers of government should put in place policies that will improve entrepreneurial activities among the ethnic nationalities. In addition the study recommended that research should be carried out to identify critical factors responsible for successes or failures of entrepreneurial activities in Nigeria.
Keywords
Entrepreneurial, Ecosystem, Lessons, Experience and Ethnic-Nationalities
References
[01] Abdulrahaman, S. (2013) ”Population growth and Food Securityin Nigeria 2010 – 2011” Arabian Journal of Business Management Nigerian Chapter Vol. 1 (3) pp 41 – 53.
[02] Adegbite, S. A; Ilori M. O; Ifefin I. A; Abereijo H. OS (2006)“Evaluation of the Impactof Entrepreneurial characteristic on performance of Small Scale Manufacturing Industries in Nigeria” Journal of Asia Entrepreneurship and Sustainability vol iii No 1
[03] Afonja, A. A. (1999) “Entrepreneurship Education and Enterprise Culture: Lessons forother countries” Paper presented at a National Conferences on Entrepreneurship Education in Nigeria Tertiary Institutions Abuja Nigeria, March 30 – April 1, 1999.
[04] Ajakaye, J. (1999) “Entrepreneurship Education and Training inNigeria: Problems andProspects in the Informal Sector”Paper Presented at National Conference on Entrepreneurship Education in Nigeria TertiaryInstitutions, Abuja Nigeria March 30 – April 1, 1999.
[05] Ajagu, A. N. (2005) “The Entrepreneur: Secrets of Getting to thetop and staying therehappily too, plus authentic profiles of selected entrepreneurs and captains of Industries in Nigeria” Published by Betcy Media: A Division of Betch Group of Companies, Betcy HousePlot 101, Along Amuwo Odofin/Festac Access Road Amuwo Odofin Lagos.
[06] Anderson, Scot (2006) “Thinking like a Billionaire: Become aBillionaire, as a manThinks, so is” Windword Publishing. First Edition E Brown Road Mesa AZ 85213 (480) 985-6156.
[07] Arunma, Oteh (2009) “The Role of Entrepreneurship in Transforming the Nigerian Economy” SeventhConvocation Lecture. Igbinedon University, Okada Edo State Nigeria.
[08] Colin Mason and Ross Brown (2014) “Entrepreneurial Ecosystem and Growth Oriented Entrepreneurship” Background Paper Prepared for the Workshop Organised by OECD LEED Programme and Dutch Ministry of Economic Affairs on Entrepreneurial Ecosystem and Growth Oriented Entrepreneurship; The Hague Netherlands 7th November, 2013 and Final Version January, 2014.
[09] Dane Stangler and Jordan Bell-Masterson (2015) “Measuring An Entrepreneurial Ecosystem” Kauffman FoundationResearch Series on City, Metro, and Regional Entrepreneurship; Ewing Marion Kauffman Foundation
[10] Edewor, P. A. Imhonopi D, and Amusan Tolulope (2014) Socio“-cultural andDemographics Dynamics insustainable Entrepreneurial Development in Nigeria” Developing Country studies Vol. 4 (4) pp 58 – 64.
[11] Federal Office of statistics (2003) Annual Abstract of Statistics (Abuja Nigeria).
[12] Imhonopi, D. and Urim UM (2012) “EntrepreneurshipDevelopment and the NigerianBusiness Ecology” African Journal of Microfinance and Enterprise Development Vol. 2 (2) pp 46 – 57.
[13] Nigeria Ministry of Commerce and Industry (2003) “Operational Guidelines of Small andMedium Scale Enterprises”
[14] Obitayo, K. M. (2001) “Creating an Enabling Environment forSmallScale Industries”Bullion Publication of CBN Vol. 25 (3).
[15] Ogbo, Ann and Nwachukwu (2013) “The role of Entrepreneurship in Economic Development: The Nigerian Perspective” European Journal of Business and Management Vol. 4 (8).
[16] Ogundele, O. J. K. and Ahmed – Ogundipe, K. A. (2010) Entrepreneurial succession problems in Nigeria’s family businesses”: A threat to sustainability European Scientific Journal April Edition 8 (7) pp 208 – 227.
[17] Ojeka, S. A. (2011) “Tax Policy and Growth of SMEs: Implications for the Nigerian Economy” Research Journal of Finance and Accounting Vol. 2 (2).
[18] Onugu, B. A. N. (2005) “Small and Medium Enterprises in Nigeria: Problems and Prospects” An Unpublished Doctor of Philosophy in Management Thesis submitted to ST. Clements University.
[19] Onwumere, J. (2000) “The Nature and relevance of SMEs in Economic Development” The Nigeria: Banker – Journal of the Chartered Institute of Bankers of Nigeria Vol. 25.
[20] Owualah, B. (1999) “The Role of Small Scale Entrepreneurship in Economic Development of Nigeria”, Nigeria Institute of Management Vol. 6 (2).
[21] Rasheed, H. S. (2002) “Developing Entrepreneurial Characteristics in Youths: The Effect of Education and Enterprise Experience” International Journal of Entrepreneurship Education Vol. (1) pp 21 – 36.
[22] SMEDAN & NBS (2012) “Survey Report on Micro, Small and Medium Enterprises (MSMES) in Nigeria” 2010 MSMEs Collaborative Survey Between National Bureau of Statistics (NBS) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)
[23] Stanley, T. J. (2001) “The Millionaire Mind” Andrew McMeel Publishing, LLC, an Andrews McMeel UniversalCompany, 1130 Walnut Street Kanazas City, MO 64106 pp 31 – 86.
[24] Toluyemi S. T, Adigbole E. A and Kasum A. S (2015) “Constraints to Growth and Sustainability of Micro, Small and Medium Enterprises (MSMEs) in Nigeria: Perceptions of Entrepreneurs and Experts” African-Asian Journal of Rural Development Vol xxxxviii, No. 1 January-June, 2015. Pp. 111 – 129
[25] Toluyemi, S. T, Sanni M & Toluyemi, T. T (2016) “Success Factors in Operational Performance of MSMEs in Nigeria for Poverty Reduction ” American Journal of Business and Society Vol 2 No 1 pp 10-19.
[26] Verheul, I. and Thurik, R. (2000) Start-up Capital: Differences between Male and Female Entrepreneurship: Does Gender Matter? Erasmus Research Institution of Managerial (ERIM) Report ERS – 2000 – 07 STRRotterdam: Netherlands.http://www.xnxx.com/video358385/taya_silvers_sucks_and_fucks_a_black_cock_-_foxy_black_butts
[27] World Bank/IFC (2009) “Doing Business Ranking” www.doingbusiness.org/../media/WBG/DoingBusiness/Documents/AnnualReports/English/DB009-Full- Report.pdf
[28] Yeung, Rob (2009) “The New Rules: Entrepreneurship” Published by Benlahland publications, 20, Owoseni Street, Off Mission Road, Benin City, Edo State.
600 ATLANTIC AVE, BOSTON,
MA 02210, USA
+001-6179630233
AIS is an academia-oriented and non-commercial institute aiming at providing users with a way to quickly and easily get the academic and scientific information.
Copyright © 2014 - American Institute of Science except certain content provided by third parties.