MA 04 Socio Cultural Environment and Entrepreneurship Development in Nigeria

Socio Cultural Environment and Entrepreneurship
Development in Nigeria

Zwingina Twaliwi Christy, Opusunju Michael Isaac & Murat Akyuz

The study investigate the effect of socio-cultural environment on entrepreneurship development in Nigeria with a particular reference to North Central zone of Nigeria. The study used survey research design employing the used of point in time data through structured questionnaire dministered to 400 owners of SMEs across North Central zone of Nigeria and the population was 432280 owners of SMEs according to SEMDAN report, 2013 and was reduced using Taro Yamane formula to 400. The study proxies socio-cultural environment as religion, norms and culture.
Entrepreneurship development was proxies as innovation, risk taking, finance and creativity. The study used correlation, regression, mean and test of normality with the aid of statistical software packages and the finding reveals that there is a significant relationship between socio-cultural environment and entrepreneurship development in North Central zone of Nigeria. Other findings were that religion is significantly leads to
entrepreneurship development in North Central zone of Nigeria. Also, culture is significantly leads to entrepreneurship development in North Central zone of Nigeria. Thus, the study also concluded that norms of the people such as folkways, laws, taboo and mores significantly contributes to entrepreneurship development in North Central Zone of Nigeria. The study recommended that entrepreneurs should try to respect socio cultural
environment and continue to create and innovate their goods and services in respect of people's culture, religion and norms since it significantly contribute to entrepreneurship development in North Central Zone of Nigeria.

Akyuz, M., Zwingina, T. C., & Oposunju, M. I. (2017, December). Socio Cultural Environment And Entrepreneurship Development In Nigeria. International Journal Of Advanced Studies In Business Strategies And Management (IJASBSM), 5(2). Retrieved from http://www.internationalpolicybrief.org/journals
https://drive.google.com/open?id=1NMASzxwM_jBvtKXZgRDXVKHCEB2-sHgA 

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