Entrepreneurship Practice: As a Means of Poverty Reduction in Southwestern Nigeria
Journal Title: Business Ethics and Leadership (BEL) - Year 2018, Vol 2, Issue 4
Abstract
The main purpose was to examine and analyze the strong impact of entrepreneurship practices on poverty reduction in Southwestern Nigeria. This poverty issue has become households name in Nigeria, and despite various economic development polices and many different strategic policies designed to reduce poverty through human and highly capital development. Also, most economist guru in Nigeria has forecasted that, if government can make proper use of an entrepreneurship practices in all business sectors of their economy, poverty will be a thing of the past in Nigeria. These set of people view entrepreneurship practices as a business, which will involve suitable set of people who are fully ready to take risks in all their business activities. Ready prepared to identify every business opportunity and obtain materials, plan, and implement workable action that will achieve the business expectation. Data collection was done by interview, in-depth discussion with the respondent. The study of this nature requires a highly proper interview in order to get the desired results. Field note and documentation are also used to complement the interview in order to get the desired result. Pure and table water industry business owners are the only key respondent in this study. Descriptive Statistics and Partial Least Square (PLS) analysis are the method of data used. The reason why the researcher is using this method is that it will easily show if entrepreneurship practices can solve the poverty issue or not. The finding revealed that entrepreneurship practices have a highly positive impact on poverty reduction in Southwestern Nigeria. Enterprise business operators are prospering well, but still, need optimized entrepreneurial competency in all their activities to achieve the desired result. The result strongly indicates that in Nigeria, the Entrepreneurship practices are the most antidote to poverty reduction and job creation at this moment that Nigeria is technically moving out of the economic recession.
Authors and Affiliations
Mufutau Akanmu Popoola, Aminu N. Brimah, Rotimi Ayodele Gbadeyan
Keywords
Related Articles
- EP ID EP467391
- DOI 10.21272/bel.2(4).83-88.2018
- Views 123
- Downloads 0
Trade impact of SADC-India FTA on textiles and clothing sectors
Pluri-lateral trade agreements have been the topic of the hour in trade circles, since late 2000’s, though they have been slowed down in recent trade policy developments in the UK and USA. However, countries like India a...
Central bank transparency: cross-country comprehension (example of inflation reports)
Implementation of inflation targeting strategy by the central bank is connected with the public announcement of inflation targets and central bank’s obligation to achieve these goals. The main element of the central bank...
Journal Article Critique: The Validity and Reliability of Cross-National Surveys Analysis
The purpose of this review paper is to provide a guideline “on how to review and comment on published scientific paper”. The original article is well-written, based on secondary data. This paper was written about a decad...
The Essence of Ethical Leadership and Its Influence in Achieving Employees’ Job Satisfaction
This study strongly conveys that, ethical practices have to be followed by organizations to ensure employees’ job satisfaction, achieving employees’ job satisfaction is essential for the success and longevity of the orga...
Effect of Remuneration on Productivity of Academic Staff of Selected Tertiary Institutions in Bauchi State, Nigeria
The study was on remuneration and productivity of academic staff of selected tertiary institutions in Bauchi state, Nigeria. It investigates the effect of remuneration such as pay system, benefits and incentives on the p...