Factors Affecting Entrepreneurship Development in Agribusiness Enterprises in Lagos state, Nigeria

Olatomide Waheed Olowa; Omowumi Ayodele Olowa

Factors Affecting Entrepreneurship Development in Agribusiness Enterprises in Lagos state, Nigeria

Olatomide Waheed Olowa * §

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Omowumi Ayodele Olowa

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§ Federal College of Education(Technical) Akoka

Factors Affecting Entrepreneurship Development in Agribusiness Enterprises in Lagos state, Nigeria

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Abstract

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.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Olatomide Waheed Olowa, Omowumi Ayodele Olowa. 2015. "Factors Affecting Entrepreneurship Development in Agribusiness Enterprises in Lagos state, Nigeria". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 15 (GJMBR Volume 15 Issue B7).

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GJMBR Volume 15 Issue B7

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-B Classification JEL Code: L26

Submission ReceivedFebruary 6, 2015
Peer Review Double Blind
Handling Editor
Accepted March 2, 2015
Published March 15, 2015

Version of record

v1.2

Issue date

September 21, 2015

Language

English

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Article Matrices

Total Score: 149

Country: Nigeria

Subject: Global Journal of Management and Business Research

Authors: Olatomide Waheed Olowa, Omowumi Ayodele Olowa (PhD/Dr. count: 0)

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