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  1. J. Bus. Econ. Manag.


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Research Article

Journal of Business and Economic Management 6(12): 257-263, December 2018
DOI: 10.15413/jbem.2018.0151
ISSN: 2315-7755
2018 Academia Publishing

 

Abstract

 

Industrialization as a tool for entrepreneurship development in West Africa

 

Accepted 10th December, 2018

 

Opusunju Michael Isaac1, Ali, Abubakar2* and Jiya, Ndalo Santeli3
 

Department of Business Administration, Nasarawa State University, Keffi, Nasarawa State, Nigeria.



The study examines the impact of entrepreneurship development on industrialization in West Africa using the North Central region of Nigeria as a reference point. Survey research designs as well as structured questionnaire were used. The questionnaire was designed in a five point likert scale and was administered across six geopolitical zones in Nigeria. The study used improved productive input such as labour, raw material, capital and domestic consumption as indicants of industrialization. Entrepreneurship Development indicants were risk taking, innovation, entrepreneurship training, finance and creativity. The population of this study was 9580 SMEs owners in North Central Zone of Nigeria according to Small and Medium Enterprises Development Agency of Nigeria Survey, (SMEDAN) 2013 and this was reduced using Taro Yamane formula to 384. The study used test of mean, standard deviation and regression with the aid of statistical software packages of e-view to analysed the data. The results showed that there was significant relationship between industrialization in the form of improve productive input and entrepreneurship development using SMEs in the North Central Zone, Nigeria. This implies that industrialization in the form of improve productive input contribute significantly to entrepreneurship development in North Central Nigeria among SMEs owners. Therefore, it is recommended that North Central, Nigerian should start to embrace industrialization and the practices of industrialization should be properly encouraged to ensure entrepreneurship development. Government should re-strategies on how to expand its industry, ensure that every member of the society are productive by providing them with productive inputs as well as encourage domestic consumptions and made in Nigeria goods.
 
Key words: Industrialization, entrepreneurship development, expansion of industry, productive input and domestic consumption.

 

This is an open access article published under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Cite this article as:
Isaac OM, Abubakar A, Santeli JN  (2018). Industrialization as a tool for entrepreneurship development in West Africa.  J. Bus. Econ. Manag. 6(12): 257-263.

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