Liquidity Constraints and Entrepreneurial Financing in Nigeria: The Fate of Fresh Graduate Entrepreneurs

Liquidity Constraints and Entrepreneurial Financing in Nigeria: The Fate of Fresh Graduate Entrepreneurs

Dr. Okey O. Ovat

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University of Calabar

Liquidity Constraints and Entrepreneurial Financing in Nigeria: The Fate of Fresh Graduate Entrepreneurs

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Abstract

The paper justifies the establishment of entrepreneurship development centres in Nigerian Universities by showing the relevance of entrepreneurship development programme on overall national development of the country. And then focuses on liquidity constraints which fresh graduate entrepreneurs training as part of their overall university training. The paper reiterates the importance of financial market development and personal wealth in driving entrepreneurship in a country. It contends that fresh graduate entrepreneurs cannot escape from liquidity constraints in entrepreneurial financing, due largely to the high level of poverty and the underdeveloped nature of the financial market in Nigeria. For the objective of the entrepreneurs and indeed startups should possess five strong-will-powers such as mind power, planning power, people power, knowledge power and gearing power. In addition and more importantly, the government should carry out more vigorous reform in the financial market with a view to bringing it to international standards and also establish a special financial institution solely responsible for giving grants to fresh graduates after their National Youth Service Corps (NYSC) year, to start businesses of their choice.

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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

Dr. Okey O. Ovat. 2013. \u201cLiquidity Constraints and Entrepreneurial Financing in Nigeria: The Fate of Fresh Graduate Entrepreneurs\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 13 (GJMBR Volume 13 Issue C9).

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GJMBR Volume 13 Issue C9

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Entrepreneurship financing fresh graduate entrepreneurs liquidity constraints Nigeria

Submission ReceivedDecember 11, 2012
Peer Review Double Blind
Handling Editor
Accepted January 2, 2013
Published January 15, 2013

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Issue date

September 18, 2013

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Article Matrices

Total Score: 106

Country: Nigeria

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Dr. Okey O. Ovat (PhD/Dr. count: 1)

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Publish Date: 2013 09, Wed

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Total Views: 4858

Total Downloads: 2511

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