Research Article

DETERMINANTS OF ENTREPRENEURSHIP DEVELOPMENT IN ADAMAWA STATE

GEMU Aliyu Audu1*
1 Department of Accounting, Ahmadu Bello University, Zaria Kaduna State, Nigeria
* Corresponding author: gemualiyuaudu@njar.org.ng
Published: Dec, 2013
Pages: 1-15
Views: 139
Downloads: 51

Abstract

This study addresses the promotion of entrepreneurship development in Nigeria (with specific emphasis on Adamawa State). Hence, the entrepreneur’s capacity development, business environment/ infrastructure, source of start-up (seed) capital, and skills development formed the core indices that were used to measure entrepreneurship development. The content analysis approach was adopted to analyse the data collected using simple descriptive statistical tools. Based on a review of the literature and analysis of the prevailing internal and external conditions in Adamawa state, this paper identifies the factors that promote entrepreneurship in Nigeria and proposes a set of specific interventions that the Adamawa State government may initiate to stimulate entrepreneurship in the state. The proposed policy interventions include creating a more business friendly climate, building entrepreneurial and institutional capacity, minimising bureaucratic barriers, elevating the stature of entrepreneurship, and facilitating the creation of interstate, national and global linkages and networks for entrepreneurs. Implementing the proposals advanced in this paper, as adapted to the specific conditions in the state and the country at large, could have significant implications for new business creation, employment development and economic growth in Nigeria. It could also provide a basis for future empirical studies that assess the relative effectiveness of specific policy interventions in promoting entrepreneurship in Nigeria and other developing nations of Africa.

Keywords

Entreprenuership Policy Climate

References

  1. Adejumo, G. (2001). Indigenous entrepreneurship development in Nigeria: characteristics, problems and prospects. Advances in Management: Journal of Department of Business Administration, University of Ilorin, Ilorin Nigeria, 2(1): 112- 122 Retrieved through Google.com on 13th September 2012
  2. Adewale, A. (2010). A Measurement Model of the Determinants of Financial Exclusion among Micro-entrepreneurs in Ilorin, Nigeria. Retrieved through Google.com on 13th September 2012
  3. Agboli, M and Ukaegbu, C. C. (2006). Business environment and entrepreneurial activity in Nigeria: implications for industrial development. Journal of Modern African Studies, 44, 1: 1-30
  4. Baumol, W. J. (1990). Entrepreneurship: Poductive, unproductive, and destructive. Journal of Political Economy, 98(5), 893- 921. Retrieved through Google.com on 13th September 2012
  5. Beck, T, and De la Torre, A., 2007. The Basic Analytics of Access to Financial Services. Financial Markets, Institutions, and Instruments 16 (2), 79–117. Retrieved through Google.com on 13th September 2012
  6. Beck, T, Demirgüç-Kunt, A. and Levine, A., 2007. Finance, Inequality, and the Poor, Retrieved on May 2, 2012 from www.ces.fgvsp.br/arquivos/Beck_2007_Finance_Inequality_and_the_Poor.pdf
  7. Borkowski, N. and Kulzick, R. (2006). Perspectives from the field: Will recent public policies reduce entrepreneurship in the healthcare industry? International Journal of Public Administration, 29: 479-488. Retrieved through Google.com on 13th September 2012
  8. Central Bank of Nigeria (CBN)., 2005. Microfinance Policy, Regulatory and Supervisory Framework for Nigeria. Central Bank of Nigeria, Abuja.
  9. CBN. (2008, April). Geographical distribution of investments by banks as at 25th April 2008. Retrieved from http://www.cenbank.org/out/publications/reports/dfd/2008/geographical%20distribution%20of%20smeeis%20investment%20%20april08.pdf.
  10. Copestake, J., Johnson, S., and Wright, K., 2002. Impact Assessment of Microfinance: Towards A New Protocol for Collection and Analysis of Qualitative Data. Paper presented for the Swansea Conference on Combining Quantitative and Qualitative Methods in Development. Retrieved on May 2, 2012 from http://www.microfinancegateway.org/gm/document-1.9.28983/48.pdf Retrieved through Google.com on 13th September 2012
  11. Corr, C., 2006. Financial Exclusion in Ireland: An Exploratory Study and Policy Review. Combat Poverty Agency Research Series, No. 39.
  12. Cull. R., DemirguçKunt A. and Morduch. J., 2007. Financial performance and outreach: a global analysis of leading microbanks. The Economic Journal, (117), 107133.
  13. Datta, D., 2004. Microcredit in Rural Bangladesh: Is it Reaching the Poorest? Journal of Microfinance, 6(1), 55-84.
  14. Demirgüç-Kunt, A, Klapper, L., and Panos. G., 2007. The Origins of Self-Employment. Working paper, World Bank, Development Research Group, Washington, DC.
  15. Demirguc-Kunt, A., Beck, T., Honohan, P., 2008. Finance For All: Policies and Pitfalls in Expanding Access. A World Bank Policy Research Report. Retrieved on May 2, 2012 from http://siteresources.worldbank.org/INTFINFORALL/Resources/4099583-1194373512632/FFA_book.pdf
  16. Dobbin, F. and Dowd, T. J. (1997). How policy shapes competition: early railroad foundings in Massachusetts. Administrative Science Quarterly, 42: 501-29.
  17. Doing Business Report (2011), Comparing Business Regulation in 183 countries, International Finance Corporation
  18. Drucker, P (1970) Entrepreneurship In Business Enterprise.
  19. Gnyawali, D. and Fogel, D. (1994). Environments for entrepreneurship development: key dimensions and research implications. Entrepreneurship, Theory and Practice, 18, 4: 43-62.
  20. Honohan, P., 2004. Financial Development, Growth and Poverty: How Close Are the Links? in Charles Goodhart (ed). Financial Development and Economic Growth: Explaining the Links, (pp. 1-37), London: Palgrave.
  21. Idehen, M. (2008). Infrastructure is the biggest challenge to business in Nigeria. The Punch, April 26. Retrieved from www.punchontheweb.com/Articl.aspx?theartic=Art200804264393442
  22. Ibrahim M (2006). (CDD) Empirical Survey of Children and Youth in Organised Violence in Nigeria http://www.coav.org.br/publique/media/Report%20Nigeria.pdf.
  23. Ikhwan, J., and Johnston, D.E., 2009. The Constraints in Accessing Credit Faced by Non-Farm Enterprises. In N. McCulloch (ed), Rural Investment Climate in Indonesia, Singapore: Institute of South East Asian Studies (ISEAS) Publishing, 86-109.
  24. ILO publication (2005). Youth: Pathway to Decent Work – (defining youth).
  25. ILO publication (2007). Youth in Crisis; Coming of Age in the 21st Century.
  26. IRIN Africa (2008). http://www.irinnews.org/Report. aspx?ReportId=76521
  27. Isern, J., Agbakoba, A., Flaming, M., Mantilla, J., Pellegrini, G., and Tarazi, M., 2009. Access to Finance in Nigeria: Microfinance, Branchless Banking, and SME Finance. CGAP. Retrieved from http://www.cgap.org/gm/document-1.1.1706/Access_to_finance_in_Nigeria_25_feb_09.pdf
  28. Knight, K (1967) A Descriptive Model of the Intra- Firm Innovation Process.
  29. Kirzner, I. M.: 1973, Competition and Entrepreneurship, University of Chicago Press, Chicago.
  30. Kirzner, I. M.: 1999, Creativity and/or alertness: A reconsideration of the Schumpeterian entrepreneur, Review of Austrian Economics, Vol. 11, Kluwer Academic Publishers, pp. 5–17.
  31. Lee, S. M. and Peterson, S. J. (2000). Culture, entrepreneurship orientation and global competitiveness. Journal of World Business, 34 (4), 401-416.
  32. Low, M. R and Abrahamson, E. (1997). Movements, bandwagons and clones: industry evolution and the entrepreneurial process. Journal of Business venturing, 12: 435-57.
  33. McClelland, D. (1961). The Achieving Society. New Jersey: Van Nostrand
  34. Mor, N. and Ananth, B., 2007. Inclusive Financial Systems: Some Design Principles and A Case Study. Economic and Political Weekly. 42(13), 1121–1126.
  35. Nigerian Economic Summit Group (NESG)., 2002. A Survey on Micro and Small Enterprises. NESG Digest, Lagos, NESG.
  36. Mueller, S. L. and Thomas, A. S. (2000). A case for comparative entrepreneurship: assessing the relevance of culture. Journal of International Business Studies. 31(2): 287.
  37. NEEDS (2004). Document, p. 100
  38. Nwafor P.Z (2007) Practical Approach To Entrepreneurship: small and medium scale enterprises (SMEs)
  39. Oyebade SA (2003). Education and Unemployment of Youths in Nigeria: Causes, Impacts and Suggestions see NEEDS (2004). Document, p. 94.
  40. Romanelli, E. (1989). Organization birth and population variety: a community perspective on origins. In Research in Organizational Behavior, (eds), L. L. Cummings and B. M. Staw, 11: 211-46. Greenwich, CT: JAI.
  41. Soyibo, Adedoyin (2006) The Concept of Entrepreneurship
  42. Schumpeter, J. A. (1934). The Theory of Economic Development. Cambridge: Harvard University Press.
  43. Shapero, A. C. (1981). Self-renewing economies. Economic Development Commentary, 5 (April), 19-22.
  44. Thornton, P. H. (1999). The sociology of entrepreneurship. Annual Review of Sociology, 25:19-46.
  45. Weber, M. (1904). The Protestant Ethic and the Spirit of Capitalism. New York: Routledge.
  46. Wilken, P. (1979). Entrepreneurship: A Comparative and Historical Study. Norwood, N.J.: Ablex Publishing Corp.
  47. World Bank (2008). Doing Business in 2008 - Removing Obstacles to Growth. Retrieved from http://www.doingbusiness.org/documents/DoingBusiness2008.PDF
  48. World Bank. (2010). Doing Business 2010 Report. Retrieved from http://www.doingbusiness.org/documents/FullReport/2010/DB08_Full_Report.pdf www.chinadaily.com.cn/world/2011-01-24/content_6418435.html
How to Cite

Audu, G. A. (2013). DETERMINANTS OF ENTREPRENEURSHIP DEVELOPMENT IN ADAMAWA STATE. Nigerian Journal of Accounting Research, 9(2), 1-15.

G. A. Audu, "DETERMINANTS OF ENTREPRENEURSHIP DEVELOPMENT IN ADAMAWA STATE," Nigerian Journal of Accounting Research, vol. 9, no. 2, pp. 1-15, December 2013.

Share this article:
Facebook X / Twitter LinkedIn
Download PDF View Full Text (PDF) Back to Articles