Does Entrepreneurship Development Generate Income? Evidence from Sabon Gari Local Government Area, Kaduna State, Nigeria.
DOI:
https://doi.org/10.47672/ije.1259Keywords:
Entrepreneurship, Entrepreneurship development, Income generationAbstract
Purpose: The high incidence of poverty, unemployment and low income in Nigeria has remained a major source of concern. Despite the deployment of several entrepreneurial initiatives by government and non-government entities, income generally remains low and this has been magnified by the high rate of youth unemployment in the country. While previous studies have examined the role of entrepreneurship towards job creation, improving welfare, and boosting shared prosperity, the intervening role that income plays in these relationships has not been given adequate attention especially in the context of primary data analysis. This prompted this study to examine the impact of entrepreneurship development on income generation using Sabon Gari Local Government Area of Kaduna State as a case study.
Methodology: The data were randomly collected from 331 entrepreneurs across the study area.
Findings: Using cross-tabulation and chi-square statistic, the result showed that there is a positive but insignificant relationship between entrepreneurship development and income generation. This may be explained by the fact that 42% of the 71% entrepreneurs sample and considered as innovators fall within the low-income range.
Recommendation: Findings from this paper provide evidence that when government disburses adequate funding to promote entrepreneurship and innovative spirit, as entrepreneurs will be motivated to explore their creative capacity, thus, expanding their businesses which in turn increase their income.
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