Research
Factors Affecting Entrepreneurship Development in Agribusiness Enterprises in Lagos state, Nigeria
This paper primarily sought to determine the factors affecting the entrepreneurship development in small and micro agribusiness firms. Primary data from 120 owners/managers of small and micro agribusiness enterprises purposively selected for the study were analysed using descriptive statistics and multiple regression models. Results showed that majority of the owners/ managers of agribusiness were male (73.3%), married (71.6%), belong to cooperative society (85%), have business size of between 1 and 2 million naira worth (68.33%) with mean family size and monthly income of 5.0 and ₦84,833.00 respectively. Results also showed that majority (56.7%) had secondary education and were motivated to start agribusiness (56.2%) because they could not find job. Parameter estimates from multiple regression showed that age, gender, marital status and estimated business size have positive relationship with level of involvement in agribusiness enterprise while Family size and Primary occupation have negative relationship. Secondary occupation, membership of Cooperative and educational attainment were not significantly related with level of involvement in agribusiness enterprise development. The paper recommended among others effective and adequate entrepreneurship policies such as price stabilization policy and programmes for addressing factors that hinder the growth and development of agribusiness entrepreneurship as a way of actualising the current transformation agenda and “beyond oil†mantra of the present government of Lagos State on poverty eradication.
Remittances and Competition: A Policy Analysis Matrix Approach
The phenomenal growth of remittances in recent times has caught the attention of governments particularly in the developing countries, international organizations, Non- Governmental Organizations (NGOs) and the private sector, due to its importance as a viable source of external financing. The main problem identified in transferring these monies is that the competitive environment for money transfers in Nigeria is highly constrained. This is due to a near-monopolistic hold on the market by one money transfer organization (MTO) and the fact that banks are the only entities legally authorized to perform international payments. Findings from the policy analysis matrix results shows divergence in the revenue, costs and profits were negative (-2989360,-172074, -268246, - 2549040). This indicates that the society value remittances more than the market. The PCR was negative which shows that the system is not competitive and a negative SRP shows a tax on inbound transfer. The study concluded that money transfer service as rendered by banks and their partners in Nigeria is not competitive. Governments and policy makers can contribute to improving competition, lowering transaction costs, and reducing informality.
