ANALYZING THE IMPACT OF ENTREPRENEURSHIP INITIATIVES ON ECONOMIC DEVELOPMENT OF RURAL COMMUNITIES: A STUDY OF GWAGWALADA AREA COUNCIL FCT, ABUJA.

Authors

  • Mohammed Gaddafi Ibrahim Department of Entrepreneurial Studies, National Open University of Nigeria
  • John Ifegwu Department of Entrepreneurial Studies, National Open University of Nigeria
  • Samaila Tenebe Department of Entrepreneurial Studies, National Open University of Nigeria
  • A. M. Ogwuche Department of Entrepreneurial Studies, National Open University of Nigeria

Abstract

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.

 

Downloads

Published

2022-10-31

How to Cite

Ibrahim , M. G., Ifegwu, J., Tenebe, S., & Ogwuche, A. M. . (2022). ANALYZING THE IMPACT OF ENTREPRENEURSHIP INITIATIVES ON ECONOMIC DEVELOPMENT OF RURAL COMMUNITIES: A STUDY OF GWAGWALADA AREA COUNCIL FCT, ABUJA. Baze University Journal of Entrepreneurship and Interdisciplinary Studies, 1(2). Retrieved from http://koha.bazeuniversity.edu.ng/index.php/bujeis/article/view/58

Issue

Vol. 1 No. 2 (2022): Baze University Journal of Entrepreneurship and Interdisciplinary Studies

Section

Articles

License

© 2022, Centre for Foundation and Interdisciplinary Studies, Baze University, Abuja

 

Electronic Publication 2022

 

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, except as permitted by the copyright owner, Baze University Journal of Interdisciplinary Studies (BUJEIS), Baze University, Abuja.