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Individual, Socio-cultural and Economic Factors Influencing the Success of Female Entrepreneurs in Ogun State, Nigeria

Authors: UWANNAH Ngozi

Publication Type: Journal article

Journal: Iosr Journal Of Humanities And Social Sciences

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ABSTRACT: Women’s entrepreneurial activities have been recognized as vital towards successful leadership and economic development in Nigeria and Africa as a whole. Since women make up a significant portion of the world’s population, it becomes important to encourage their participation in entrepreneurial activities which will at the long run make positive impact on the economy. This paper therefore examined the influence of individual, socio-cultural and economic factors towards successful entrepreneurial activities of female entrepreneurs in Ogun State, Nigeria. A descriptive survey design was employed with a total number of 120 female entrepreneurs drawn from different business types such as agro-allied, manufacturing, trade and service with stratified random sampling technique. Responses were sought from respondents with a 34 item standardized questionnaire by Farah (2014) with reliability index of 0.70 which was analyzed using correlation analysis, linear regression, mean and standard deviation at 0.05 level of significance. The result revealed that individual and socio-cultural factors have significant influence on female entrepreneurs’ business success. Further analysis revealed that female entrepreneurs perceive individual factors as influencing their success more than economic and socio-cultural factors. It was concluded that factors within the home and societal barriers may limit or enhance her ability to explore more opportunities and invest more time and energy into her business. It was recommended that women should be empowered at the home front and their efforts towards entrepreneurship should be encouraged and supported by their families and society at large

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UWANNAH,N. . (2018). Individual, Socio-cultural and Economic Factors Influencing the Success of Female Entrepreneurs in Ogun State, Nigeria, 23 (), 65-65.

UWANNAH,N. . "Individual, Socio-cultural and Economic Factors Influencing the Success of Female Entrepreneurs in Ogun State, Nigeria" 23, no (), (2018): 65-65.

UWANNAH,N. and . (2018). Individual, Socio-cultural and Economic Factors Influencing the Success of Female Entrepreneurs in Ogun State, Nigeria, 23 (), pp65-65.

UWANNAHN, . Individual, Socio-cultural and Economic Factors Influencing the Success of Female Entrepreneurs in Ogun State, Nigeria. 2018, 23 ():65-65.

UWANNAH,Ngozi , . "Individual, Socio-cultural and Economic Factors Influencing the Success of Female Entrepreneurs in Ogun State, Nigeria", 23 . (2018) : 65-65.

U.Ngozi , "Individual, Socio-cultural and Economic Factors Influencing the Success of Female Entrepreneurs in Ogun State, Nigeria" vol.23, no., pp. 65-65, 2018.

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