ANALYZING THE IMPACT OF ENTREPRENEURSHIP INITIATIVES ON ECONOMIC DEVELOPMENT OF RURAL COMMUNITIES: A STUDY OF GWAGWALADA AREA COUNCIL FCT, ABUJA.
This study assessed the Impacts of Entrepreneurship Initiatives in the economic development of rural communities, a case study of Gwagwalada Area Council, FCT, Abuja., Nigeria. The research work featured two (02) Objectives, two (02) Research Questions, and two (02) Research Hypotheses. The population of 2,690 was randomly selected; using Taro Yamane Formula, a sample size of 348 was arrived at. A total number of 348 questionnaires were filled and analyzed. The study findings were arrived at using Chi-Square statistical tool in SPSS Package. The analyses revealed that the impacts of entrepreneurship initiatives of Creativity, Innovations, Risk-taking, Pro-activeness, etc., on the performances of businesses in Gwagwalada Area Council were statistically significant. The conclusion was in line with Innovation Diffusion Theory which is widely adopted to self-sustain an organization. It is recommended that more than entrepreneurship initiatives are needed. A deliberate and holistic effort of governments, institutions, individuals and other stakeholders to increase the supply and sustenance of entrepreneurs in whichever way possible will bring about the much-desired goal of meaningful economic development to the rural communities in Gwagwalada and the nation in general.
Key Words: Entrepreneurs, Entrepreneurship, Entrepreneurship Initiatives, Economic Development, Innovation Diffusion Theory and Rural Communities.
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© 2022, Centre for Foundation and Interdisciplinary Studies, Baze University, Abuja
Electronic Publication 2022
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