Effect of social-cultural values on the growth of indigenous entrepreneurship in Nasarawa State, Nigeria

Abstract

The aim of this paper is to explore the socio-cultural factors that influence the growth of Indigenous entrepreneurial activities in Nasarawa State, Nigeria. The research was conducted on a sample of 400 potential entrepreneurs, and data were collected using a structured questionnaire. Respondents were asked questions to assess their perception of the main factors influencing the growth of entrepreneurial activities. Using an analytical descriptive statistical methodology, the data were processed. Table, Percentages, frequencies and chi squares tests were used to analyze the data. The study revealed that many businesses that were operating in the state in the past have either collapsed or operating at meagre levels and many of those entrepreneurs with businesses of their own, are nonindigents. The result shows that the major factors that affect entrepreneurial growth in Nasarawa State are nepotism, profligacy and discouragement. Given the largest proportion of nonindigenous entrepreneurs operating in the state business sector, the paper made some recommendations that can improve indigenous entrepreneurship in the state.