CHALLENGES OF ENTREPRENEURIAL VALUE CREATION IN NIGERIA (A STUDY OF SELECTED ENTREPRENEURS IN IHIALA LOCAL GOVERNMENT AREA, ANAMBRA STATE)

Evelyn Nwa-Amaka Ochi Agbajeogu (PhD), Ifeanyi Emmanuel Okoli (PhD)

Abstract


This study is focused on the challenges of entrepreneurs in Nigeria on value creation. This study was premised on the assumption that entrepreneur faces a lot of challenges which hinders their value creation.  Value creation is like beauty which they say lies on the eyes of the beholder.  What constitute a value to other might not be perceived to be value to another. To guide this study, the following research questions were formulated.  Do infrastructural facilities pose a problem on the entrepreneur value creation? Do activities of government regulatory agency affect entrepreneur value creation? The study made use of primary and secondary data in sourcing of information.  The 5 points Likert scale was employed to determine the strength of the respondent agreement to the instrument employed.  T student product moment test was used to test the hypotheses.  The study then revealed that entrepreneur faces a lot of problem which impacted on their value creation.  Problems such as infrastructural inadequacy, regulatory challenges, insecurity of property and life and corruption were found to be the major challenges facing entrepreneur value creation in Nigeria.  The study also revealed that government regimes in Nigeria have paid lip services to the problems of infrastructure which are the engine of entrepreneurship. The researcher recommends thatgreat attention should be paid on the infrastructural facilities, especially in the area of power sector.

Keywords


Entrepreneur, Value, Creation, Nigeria

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