Evaluating the Role of Nigerian Bankruptcy Law in Enhancing Female Entrepreneurship in Nigeria

Omoseni Adepoju, Tobi Nwulu and Love David ()
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Omoseni Adepoju: Department of Business Administration, Lead City University, Ibadan 200255, Nigeria
Tobi Nwulu: Post Graduate School, Pan African University for Life and Earth Sciences Institute, Ibadan 200284, Nigeria
Love David: Department of Construction Management and Quantity Surveying, University of Johannesburg, Johannesburg 2006, South Africa

Businesses, 2022, vol. 2, issue 4, 1-14

Abstract: The study focused on the role of Nigerian bankruptcy law in fostering female entrepreneurship. The study examined how the current bankruptcy law supports female entrepreneurship in Nigeria. This was motivated by the Nigerian government’s recent entrepreneurship drive to meet the country’s excessive challenge of unemployment and poverty. Five principles were utilised in this study to measure current Nigerian bankruptcy law to evaluate its effect on the female entrepreneurship drive in Nigeria. The study adopted a qualitative research methodology to evaluate legal doctrines and relevant literatures. The study’s findings revealed that the present Nigerian bankruptcy law is not entirely favourable to female entrepreneurship. This conclusion was arrived at having measured the Nigerian bankruptcy law against five testable principles. These principles were developed to help as a guide in measuring bankruptcy laws to determine whether they are entrepreneur-friendly. In light of this, recommendations were proffered to reform the current bankruptcy law to introduce better policies that enhance female entrepreneurship.

Keywords: government policies; female entrepreneur; Nigerian bankruptcy law (search for similar items in EconPapers)
JEL-codes: A1 D0 D4 D6 D7 D8 D9 E0 E2 E3 E4 E5 E6 E7 F0 F2 F3 F4 F5 F6 G0 G1 G2 H0 J0 K2 L0 L1 L2 M0 M1 M2 M3 M4 M5 N0 N1 N2 O0 O1 P0 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jbusin:v:2:y:2022:i:4:p:25-409:d:930175

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