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Business environment and entrepreneurial activity in Nigeria: implications for industrial development

Published online by Cambridge University Press:  06 February 2006

Mary Agboli  and
Chikwendu Christian Ukaegbu
Mary Agboli
Affiliation:
The World Bank.
Chikwendu Christian Ukaegbu
Affiliation:
Department of Sociology, University of Wyoming
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Abstract

Commonsense suggests, and academic studies agree, that an ameliorative business environment enables entrepreneurial activity and boosts enterprise performance. This paper examines the business environment in southeast Nigeria, using two separate but complementary studies. Defined in terms of infrastructure, access to credit, bureaucratic practices and regulatory policy, the business environment in southeast Nigeria is stressful, and so has the capacity to limit entrepreneurial activity. This stressful business environment, which is a nationwide phenomenon, poses obstacles to Nigeria's industrial development.

Type
Research Article
Information
The Journal of Modern African Studies , Volume 44 , Issue 1 , March 2006 , pp. 1 - 30
Copyright
2006 Cambridge University Press

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Footnotes

he thanks Emmanuel Enekwechi and Emmanuel Nnadozie for their insightful discussions on this subject. Special thanks to Christian Iroegbu of the University of Nigeria, Nsukka, for his intellectual and material contributions during his fieldwork in Nigeria. The data presented in this paper are derived from the World Bank (2003) Cluster Development Program in Eastern Nigeria; fieldwork sponsored by the faculty grant-in-aid (UWGIA 9390, 2001), plus the College of Arts & Sciences basic research grant 2003/04 of the University of Wyoming. Additional resources were provided by the following departments of the University of Wyoming: Office of Academic Affairs, College of Arts and Sciences, Sociology, International Studies, International Programs, African American Studies, Criminal Justice, and the Outreach School.