Factors Influencing Entrepreneurship Development in Sub-Saharan Africa: Empirical Evidence from Imo State, Nigeria
Domain:
socioeconomicRecord type:
paper
Creator:
U.
Publisher:
IIA
Host:
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
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