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Does Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) Impact on Youth Entrepreneurship Development in sub-Saharan Africa? Evidence from Nigeria

Author

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  • Elda N. Okolo-Obasi

    (University of Nigeria, Nsukka, Nigeria)

  • Joseph I. Uduji

    (University of Nigeria, Nsukka, Nigeria)

Abstract

Purpose – The purpose of this paper is to critically examine the agri-business/small and medium investment schemes (AGSMEIS) in Nigeria. Its special focus is to investigate the impact of the AGSMEIS on youth entrepreneurship development in Nigeria. Design/methodology/approach – This paper adopts a survey research technique, aimed at gathering information from a representative sample of the population, as it is essentially cross-sectional, describing and interpreting the current situation. A total of 1,200 respondents were sampled across the six geopolitical zones of Nigeria. Findings – The results from the use of a combined propensity score matching (PSM) and logit model indicate that AGSMEIS initiative generates significance gains in empowering youths in enterprise development, and if enhanced will help many young people become entrepreneurs. Practical implications – This suggests that AGSMEIS initiative can facilitate youth’s access to credit and help them become owners of small and medium enterprises. Social implications – It implies that investing in young people for small and medium enterprises could bring Nigeria into the modern economy and lift sub-Saharan Africa out of poverty. Originality/value – This research adds to the literature on youth entrepreneurship development’s debate in developing countries. It concludes that targeting the young people in AGSMEIS should form the foundation of public policy for entrepreneurship, poverty alleviation, and economic development.

Suggested Citation

  • Elda N. Okolo-Obasi & Joseph I. Uduji, 2021. "Does Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) Impact on Youth Entrepreneurship Development in sub-Saharan Africa? Evidence from Nigeria," Research Africa Network Working Papers 21/046, Research Africa Network (RAN).
    • Handle: RePEc:abh:wpaper:21/046
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    References listed on IDEAS

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    8. Elda N. Okolo-Obasi & Joseph Nnanna & Simplice A. Asongu, 2020. "Strengthening Women’s Participation in the Traditional Enterprises of sub-Saharan Africa: The Role of Corporate Social Responsibility Initiatives in Niger Delta, Nigeria," Research Africa Network Working Papers 20/096, Research Africa Network (RAN).
    9. Veland Ramadani & Léo-Paul Dana & Vanessa Ratten & Abdylmenaf Bexheti (ed.), 2019. "Informal Ethnic Entrepreneurship," Springer Books, Springer, number 978-3-319-99064-4, November.
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    11. John C. Anyanwu, 2016. "Analysis of Gender Equality in Youth Employment in Africa," African Development Review, African Development Bank, vol. 28(4), pages 397-415, December.
    12. Elda N. Okolo‐Obasi & Joseph I. Uduji & Simplice A. Asongu, 2020. "Strengthening women's participation in the traditional enterprises of sub‐saharan Africa: The role of corporate social responsibility initiatives in Niger delta, Nigeria," African Development Review, African Development Bank, vol. 32(S1), pages 78-90, November.
    13. Leo Paul Dana & Teresa E. Dana, 2005. "Expanding the scope of methodologies used in entrepreneurship research," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 2(1), pages 79-88.
    14. Léo Paul Dana, 2019. "Entrepreneurship in Bolivia: An Ethnographic Enquiry," Springer Books, in: Veland Ramadani & Léo-Paul Dana & Vanessa Ratten & Abdylmenaf Bexheti (ed.), Informal Ethnic Entrepreneurship, pages 133-147, Springer.
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    Cited by:

    1. Uduji, Joseph & Okolo-Obasi, Elda & Asongu, Simplice, 2021. "Does Corporate Social Responsibility Initiative Dissuade the Increasing Electoral Violence in sub-Saharan Africa? Evidence from Nigeria’s Oil Producing Region," MPRA Paper 110756, University Library of Munich, Germany.
    2. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Sensitive Responses to Climate Change in Nigeria: The Role of Multinationals’ Corporate Social Responsibility in Oil Host Communities," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 22/008, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    3. Joseph I. Uduji & Elda N. Okolo-Obasi, 2023. "Gender and Food Security in Nigeria: the Role of Corporate Social Responsibility in the Oil Producing Communities," Working Papers of the African Governance and Development Institute. 23/039, African Governance and Development Institute..
    4. Elda N. Okolo-Obasi & Joseph I. Uduji, 2022. "The Impact of National Home Grown School Feeding Programme (NHGSFP) on Rural Communities in Nigeria," Working Papers of the African Governance and Development Institute. 22/018, African Governance and Development Institute..
    5. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2021. "Does Corporate Social Responsibility Initiative Dissuade the Increasing Electoral Violence in sub-Saharan Africa? Evidence from Nigeria’s Oil Producing Region," Research Africa Network Working Papers 21/063, Research Africa Network (RAN).
    6. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Sensitive Responses to Climate Change in Nigeria: The Role of Multinationals’ Corporate Social Responsibility in Oil Host Communities," Working Papers of the African Governance and Development Institute. 22/041, African Governance and Development Institute..
    7. Joseph I. Uduji & Elda N. Okolo-Obasi, 2023. "Gender and Food Security in Nigeria: the Role of Corporate Social Responsibility in the Oil Producing Communities," Working Papers 23/039, European Xtramile Centre of African Studies (EXCAS).
    8. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Promoting Gender – Equitable Agricultural Value Chains: the Role of Corporate Social Responsibility in Nigeria’s Niger Delta," Working Papers of the African Governance and Development Institute. 22/087, African Governance and Development Institute..
    9. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Sensitive Responses to Climate Change in Nigeria: The Role of Multinationals’ Corporate Social Responsibility in Oil Host Communities," Working Papers 22/041, European Xtramile Centre of African Studies (EXCAS).
    10. Joseph I. Uduji & Elda N. Okolo-Obasi, 2023. "Ecotourism for Transformative and Youth Development in sub-Saharan Africa: the Role of Corporate Social Responsibility in Nigeria’s Oil Host Communities," Working Papers 23/036, European Xtramile Centre of African Studies (EXCAS).
    11. Joseph I. Uduji & Elda N. Okolo-Obasi, 2023. "Ecotourism for Transformative and Youth Development in sub-Saharan Africa: the Role of Corporate Social Responsibility in Nigeria’s Oil Host Communities," Working Papers of the African Governance and Development Institute. 23/036, African Governance and Development Institute..
    12. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Promoting Gender – Equitable Agricultural Value Chains: the Role of Corporate Social Responsibility in Nigeria’s Niger Delta," Working Papers 22/087, European Xtramile Centre of African Studies (EXCAS).
    13. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Promoting Gender – Equitable Agricultural Value Chains: the Role of Corporate Social Responsibility in Nigeria’s Niger Delta," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 22/021, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    14. Elda N. Okolo-Obasi & Joseph I. Uduji, 2022. "The Impact of National Home Grown School Feeding Programme (NHGSFP) on Rural Communities in Nigeria," Working Papers 22/018, European Xtramile Centre of African Studies (EXCAS).
    15. Joseph I. Uduji & Elda N. Okolo-Obasi, 2023. "Gender and Food Security in Nigeria: the Role of Corporate Social Responsibility in the Oil Producing Communities," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 23/010, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).

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    Keywords

    Agri-business/small and medium investment schemes (AGSMEIS); youth entrepreneurship development; sub-Saharan Africa;
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