IJSTR

International Journal of Scientific & Technology Research

IJSTR@Facebook IJSTR@Twitter IJSTR@Linkedin
Home About Us Scope Editorial Board Blog/Latest News Contact Us
CALL FOR PAPERS
AUTHORS
DOWNLOADS
CONTACT
QR CODE
IJSTR-QR Code

IJSTR >> Volume 3- Issue 9, September 2014 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



An Exploratory Study Of Igbo Entrepreneurial Activity And Business Success In Nigeria As The Panacea For Economic Growth And Development

[Full Text]

 

AUTHOR(S)

Orugun, Juwon Johnson, Nafiu, Akeem Tunde

 

KEYWORDS

Key Words: Business success, Economic growth, Igbo Entrepreneurship culture, Igbo Trading Apprenticeship System.

 

ABSTRACT

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.

 

REFERENCES

[1] C. Achebe, There Was A Country: A Personal History of Biafra, USA, Pearson, 2012.

[2] J.C. Agazie, Why Igbos Are Nigeria’s Chosen Tribe, Nigeria Masterweb Citizen News, October 14, 2012.

[3] N. Ahmad and R.G. Seymour, Defining Entrepreneurial Activity: Definitions Supporting Frameworks For Data Collection, OECD, 2006.

[4] P. U. Akanwa, and N. H. Akpanabia, Entrepreneurship Development as Panacea for Unemployment Reduction in Nigeria, reikojournals, Vol. 6 No.2, 2013.

[5] AskAfricans, Africa’s Most Entrepreneurial Ethnic Groups, 2013. Available at : m.modernghana.com/mobile/455846/1/africas-most-entrepreneurial-ethnicgroups.html

[6] E. Burduş, Fundamentals of Entrepreneurship, Review of International Comparative Management, Vol. 11 No. 1, 2010.

[7] O. Dibia, Relevant Ideology: Master key To Igbo Development, 2013. Available at: www.gamji.com/article9000/ NEWS9297.htm

[8] A. Eze, Unemployment: Nigerians Urged to Adopt the Igbo Business Spirit, THISDAYLIVE, November 05, 2012. Available at: www.thisdaylive.com/articles/unemployment-nigerians-urged-to- adopt- the igbobusiness=spirit/129716/

[9] U. Gunnu, An Investigation into Small and Medium Scale Enterprises Funding and The Nigeria Stock Market: A Study of Ilorin Metropolis. In S. N. Sayedi and Z. Isah (eds.), Entrepreneurs’ Characteristics and Service Quality of Micro, Small and Medium Scale Enterprises in Nigeria, IOSR Journal of Business and Management, Vol. 15, No. 2, 2009.

[10] N. M. Ile, Entrepreneurship Development: The Nigerian Perspective, Enugu, Chiezugo Ventures, 2003.

[11] S. Maliga, Igbos Dominate Economically in Lagos Because Yorubas Are Lazy, October 11, 2013. Available at: elombah.com

[12] U. Nworah, Culture and Igbo Business Practices, Sahara Reporters, 2011. Available at: saharareporters.c om/artic le/culture-and-igbo-business-practices

[13] O. A. Olutayo, The Igbo Entrepreneur In The Political Economy Of Nigeria, African Study Monographs, Vol. 20 No.3, 1999.

[14] A. P. Onu, and A. J. C. Onu, An Assessment of The Contribution of Small Business Firms To The Development of Benue State, Journal of Research in National Development, Vol. 7 No.1, 2009.

[15] B. C. Onuoha, Small Business Management and Entrepreneurship, 2nd Edition, Port Harcourt, African Entrepreneurship and Leadership Initiative, 2010.

[16] K.J. Sunday, Effective Working Capital Management in Small and Medium Scale Enterprises (SMEs), International Journal of Business and Management Vol. 6 No.9, 2011.

[17] C. Udegbe, The Igbos Have More At Stake in Nigeria, Vanguard, July 26, 2013. Available at: www.vanguardngr.com/2013/07/the-igbos-have-more-at- stake-in-nigeria/