Mediating Role of Entrepreneurial Competence on Economic Development of Nigeria

Authors

  • Mohammed Abu Ardo Federal University Gashua
  • Idris Mohammed Gurin Federal University Gashua
  • Umar Mustapha Kachalla Federal University Gashua
  • Ahmadu Ibrahim Federal University Gashua
  • Dogona Aisha Hassan Federal University Gashua

DOI:

https://doi.org/10.55927/metropolis.v1i1.70

Keywords:

Entrepreneurship, Entrepreneurial Competence, Economic Empowerment, Development

Abstract

This study explored ‘the Mediating Role of Entrepreneurial Competence on Economic Development of Nigeria. Entrepreneurship is one of the essential pillars on which most economies are built. the goal of the study was to determine how much entrepreneurial ability and economic empowerment affect the economic growth of Nigeria, with specific reference to Bwari Area Council. The researchers used both primary and secondary data collection techniques to investigate the researchable subject at hand while also studying pertinent literature. The study's data were examined in the context of its stated goals by applying Spearman rank correlation coefficient. Results show that economic empowerment and entrepreneurial skills have a considerable positive impact on the economic growth of Nigeria.

References

Acs, Z. J., Autio, E. & Szerb, L. (2014a). “National systems of entrepreneurship: measurement issues and policy implications.” Research Policy, 43 (3), 476–494. https://doi.org/10.1016/j.respol.2013.08.016

Acs, Z.J., Szerb, L. & Autio, E. (2014b). The Global Entrepreneurship and Development Index 2014, The Global Entrepreneurship and Development Institute, Washington, DC, 120pp.

Alazemi, M., & Al-Omari A. M. (2020). “The Application Level of Institutional Governance in Islamic Institutions and Banks in Kuwait.” International Journal of Business Ethics and Governance, 3 (3), 85–101. https://doi.org/10.51325/ijbeg.v3i3.58.

Ali, M. A., & Yakubu, S. (2019). Women Entrepreneurship and Empowerment Strategy for National Development. Journal of Economics, Management and Trade, 22, 1–13. https://doi.org/10.9734/JEMT/2019/44828

Aparicio, S., Turro, A. & Noguera, M. (2020). “Entrepreneurship and Intrapreneurship in Social, Sustainable, and Economic Development.” Opportunities and Challenges for Future Research Vol. 12, (21), 8958; https://doi.org/10.3390/su12218958

Arosanyin, G. T., Adekunle,T. O., Gafar, M. O. (2011). Employment Generation and Earnings in the Informal Transport Sector in Nigeria. International Business and Management, 2(2), 139-148. DOI: http://dx.doi.org/10.3968/j.ibm.1923842820110202.015

Awad, I., G. Al-Jerashi, & Alabaddi, Z. (2021). “Determinants of private investment in Palestine: Time series analysis.” Journal of Business and Socio-economic Development, 1 (1), 71–86. doi:https://doi.org/10.1108/JBSED-04-2021-0038.

Ayegba, O. & Omale, S. A. (2016). A Study on Factors Affecting Entrepreneurship in Nigeria. European Journal of Business and Management, 8 (12), 43-51. ISSN 2222-2839 (Online)

Derbali, A. (2021). “Determinants of the performance of Moroccan banks.” Journal of Business and Socio-economic Development, 1 (1), 102–117. https://doi.org/10.1108/JBSED-01-2021-0003.

Eze, T. C. & Okpala, C. S. (2019). Quantitative Analysis of the Impact of Small and Medium Scale Enterprises on the Growth of Nigerian Economy. International Journal of Development and Emerging Economics, 3(1), 26-38.

Fesokh, A., & Haddad, F. (2019). “Determinants of Price Earnings Ratio in Manufacturing Industry in Jordan.” Jordan Journal of Business Administration, 15 (2), 227–236.

Ghura, H., Harraf, A., Li, X. & Hamdan Ghura, H. (2019). The interaction effect of formal and informal institutions on the development of entrepreneurial activity. A panel data analysis for emerging economies, Doctoral dissertation, Brunel University London.

Ibrahim, M.G., Alabi, J.A. & Ibrahim, A.T. (2022). An Analysis of the Effect of Entrepreneurship towards a Sustained Growth and Development in FCT-Abuja, Nigeria. Baze University Journal of Entrepreneurship and Interdisciplinary Studies (BUJEIS), Vol. 1(1), 2, 50-64. Retrieved from https://journal.bazeuniversity.edu.ng/index.php/bujeis/article/view/10

Kahan, S. (2013). 3 Ways to Create Value that Lasts. Retrieved 29 September, 2023 from: http://www.fastcompany.com/3015225/leadership-now/3-ways-to-create-value-that-lasts.

Kareem, R.O. (2015). Employment Level and Economic Growth of Nigeria. Journal of Sustainable Development Studies, 8(1), 53-70

Krüger, N.A., & Meyer, N. (2021). The Development of a Small and Medium-Sized Business Risk Management Intervention Tool. Journal of Risk and Financial Management, Vol. 14, 310- 321. https://doi.org/10.3390/jrfm14070310

Kumar, N. & Singh, L. K. (2021). Status of Women-Entrepreneur in Indian Startups. International Journal of Engineering Technology and Management Sciences, 5, 1–12. https://doi.org/10.46647/ijetms.2021.v05i02.001

Layla, A., & Chima, M. (2021a). “Organisational, societal, and individual factors affecting women’s career progression in Bahraini banking sector.” Journal of Sustainable Finance & Investment, https://doi.org/10.1080/20430795.2021.1922064.

Layla, A., & Chima, M. (2021b). “Gender inequality barriers and solutions to senior management positions: perspectives on women in Bahraini banking sector.” Journal of Sustainable Finance & Investment. https://doi.org/10.1080/20430795.2021.1936441.

Mugenda, O.M. & Mugenda, A.G. (1999). Research methods: quantitative and qualitative approaches. Nariobi, Kenya: African Centre for Technology Studies.

Naudé, W. (2011). Entrepreneurship and economic development. London: Palgrave Macmillan.

Nicole M. F. (2018). What is Entrepreneurship? Entrepreneur Definition and Meaning. Oberlo. Retrieved 8 January, 2023 from https://ng.oberlo.com/blog/what-is-entrepreneurship.

Omale, S. A. (2016). Impact assessment of Inter-organizational Trust on Virtual Organizations Performance in Nigerian Service Firms. Cscanadian Journal of Business & Management, 12 (1), 6-19. DOI: http://dx.doi.org/10.3968/8199.

Omale, S. A. (2016). The Effect of Cultural Norms and Values on Virtual Organizations’ Performance in Nigerian Banking Sector. Cscanadian Journal of Business & Management, 12 (2), 18-28. http://dx.doi.org/10.3968/8241.

Omale, S. A., Oyenuga, M., & Gurin, I. M. (2023). Effects of Covid-19 pandemic on organizational transformation and employee’s performance. Journal of Management, Economics, and Industrial Organization, 7(1), 16- 33. http://doi.org/10.31039/jomeino.2022.7.1.

Opualla-Charles, S. (2021). Entrepreneurship and Innovation (Part One), MBA/MSC 301-Module 3. Port Harcourt: Garden City Premier Business School. Accessed on 26 September, 2023 from Unpublished Lecture Slide.

Putra, C., Putu, K. & Ni-Nyoman, A.S. (2019). Empowerment Program, Entrepreneurial Competence and Business Growth SMEs in Denpasar. Asia Pacific Journal of Management and Education, 2 (2), 1-10. https://doi.org/10.32535/apjme.v2i2.557

Raimi, M. J. & Towobola, G. H. (2019). Entrepreneurship Development, Corporate Governance and Small Business Management. Lagos: Molofin Nominees.

Ramaano, A. (2021). “Potential of Eco-Tourism as A Mechanism to Buoy Community Livelihoods: The Case of Musina Municipality, Limpopo.” South Africa. Journal of Business and Socio-economic Development, 1(1): 47–70. doi:https://doi.org/10.1108/JBSED-02-2021-0020. [Google Scholar]

Ronald, K. (2018). What are the basic concepts & characteristics of entrepreneurship? Chron. Retrieved 28 September, 2023 from https://smallbusiness.chron.com/basic-conceptscharacteristics-entrepreneurship-18526.htm.

Thierse, S. (2019). Policy entrepreneurship in the European Parliament: reconsidering the influence of rapporteurs. Journal of European Public Policy, 26:2, 267- 285, DOI: https://doi.org/10.1080/13501763.2017.1409794

Ufua, D.E., Olujobi, O.J., & Ogbari, M.E. Joseph, A.D. & Oluwatosin, D.E. (2020). Operations of small and medium enterprises and the legal system in Nigeria. Humanit Soc Sci Commun, Vol 7, 94 (2020). https://doi.org/10.1057/s41599-020-00583-y

Downloads

Published

2025-01-31