Title: Environmental Factors Affecting the Performance of Female Entrepreneurs in Nigeria
Abstract: Female entrepreneurs around the world account for a large number of enterprises and contribute to economic growth and social cohesion. In spite of the significant role played by female owned business and the resources mapped out to develop and promote female entrepreneurship, female businesses die earlier than that of men. This study was to evaluate the challenges faced by female entrepreneurs in Nigerian socio-economic context using micro level data from Anambra State. The study adopted a mixed method approach by administering questionnaires and conducting focus group discussion. Based on McClelland’s need for achievement theory, the findings of the study showed that the female entrepreneurs in Nigeria operate in an unfavorable business environment ranging from poor infrastructural facilities, corrupt activities from government agents, low access to finance and government regulatory policies. Also due to socio-cultural influences, the female entrepreneurs face some level of discrimination and are not afforded the same opportunities as their male counterparts. Based on the findings, the paper recommends the need for government to improve financial inclusiveness in the economy especially among female entrepreneurs.
Publication Year: 2017
Publication Date: 2017-12-04
Language: en
Type: article
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