Effects of Investment Climate on Entrepreneurial Growth in Abuja, Nigeria

Sylvester Abomeh Ofobruku (), Nkiru Peace Nwakoby (), Musa Ileanaju Omale () and Nwamake Janefrances Okoye ()

International Journal of Economics, Business and Management Studies, 2019, vol. 6, issue 1, 77-86

Abstract: Currently, investment on SMEs in Abuja, Nigeria trailed behind that of many African cities. This study investigated the effect of investment climate on entrepreneurial growth in Abuja, Nigeria. The study focused specifically on the small and medium scale entrepreneurs within the six area councils in Abuja. The study adopted the survey method, involving the use of questionnaires as the major method for the generation of data. The data collected were analysed using regression as a statistical technique. The findings of the study revealed that government financial policy, such as interest rate significantly affects entrepreneurial growth in Abuja. Similarly, inadequate infrastructures were also observed to have significantly hindered entrepreneurial growth. The empirical findings led to the recommendation that for Nigeria’s investment climate to be favourable for entrepreneurs, financial policy and infrastructures development must be made conducive for local and foreign investors.

Keywords: Entrepreneurs; Financial policy; Infrastructural growth; Investment climate; Small and medium business; Nigeria. (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://onlinesciencepublishing.com/index.php/ijebms/article/view/225/321 (application/pdf)
http://onlinesciencepublishing.com/index.php/ijebms/article/view/225/1124 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:onl:ijebms:v:6:y:2019:i:1:p:77-86:id:225

Access Statistics for this article

More articles in International Journal of Economics, Business and Management Studies from Online Science Publishing
Bibliographic data for series maintained by Pacharapa Naka ( this e-mail address is bad, please contact ).