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An Assessment of Indigenous Ethnicity and Entrepreneurial Attitude in Nigeria

Amagionyeodiwe Lloyd Ahamefule (), Olanrewaju Adediran () and Adediran Afolake Olubusayo ()
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Amagionyeodiwe Lloyd Ahamefule: Covenant University, College of Development Studies,
Adediran Afolake Olubusayo: Pensions Alliance Limited, Lagos State, Nigeria

Authors registered in the RePEc Author Service: Lloyd Ahamefule Amaghionyeodiwe ()

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 12-17

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.

Keywords: Entrepreneurial Success; Ethnicity; Nigeria. (search for similar items in EconPapers)
JEL-codes: L26 C20 (search for similar items in EconPapers)
Date: 2011
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