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An Assessment of Indigenous Ethnicity and Entrepreneurial Attitude in Nigeria

Author

Listed:
  • Amagionyeodiwe Lloyd Ahamefule

    () (Covenant University, College of Development Studies,)

  • Adediran Olanrewaju Adewole

    () (Crescent University, College of Social and Management Sciences,)

  • Adediran Afolake Olubusayo

    () (Pensions Alliance Limited, Lagos State, Nigeria)

Abstract

Ethnic differences influence entrepreneurship development as well as its success or failure. In Nigeria, ethnicity is one of the keys to understanding pluralistic nature of our society. One thing to note is that the various ethnic groups in Nigeria have achieved varying levels of success in their entrepreneurship development and its subsequent success. Thus, this paper tried to evaluate the disparity that seems to exist among indigenous ethnic groups and entrepreneurial success in Nigeria using and OLS estimation of primary sourced data. The results from the study suggest that though membership of an ethnic group is an important factor in achieving entrepreneurial success in Nigeria, there are some other factors that influence entrepreneurial success in Nigeria. Among these factors are: access to financial capital, education (including vocational training) at start up, and prior business experience.

Suggested Citation

  • Amagionyeodiwe Lloyd Ahamefule & Adediran Olanrewaju Adewole & Adediran Afolake Olubusayo, 2011. "An Assessment of Indigenous Ethnicity and Entrepreneurial Attitude in Nigeria," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 12-17, May.
  • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:12-17
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    More about this item

    Keywords

    Entrepreneurial Success; Ethnicity; Nigeria.;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General

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