Open AccessEntrepreneurial motivational factors and operational performance of small-scale industries in Yanya
Author(s) -
Mohammed Abubakar Mawoli,
Ugbedeojo Nelson Peter
Publication year - 2021
Publication title -
journal of research in emerging markets
Language(s) - English
Resource type - Journals
ISSN - 2663-905X
DOI - 10.30585/jrems.v3i3.649
Subject(s) - entrepreneurship , unemployment , psychological intervention , scale (ratio) , government (linguistics) , marketing , business , intervention (counseling) , private sector , economics , economic growth , psychology , finance , geography , linguistics , philosophy , cartography , psychiatry
To address the growing labour unemployment rate in Nigeria, several hard and soft intervention policies have been put in place by the Nigerian government and supporting partners. Based on the assumption that unemployment, government interventions, and personal ambition can motivate individuals into entrepreneurship, this study examined the effect of entrepreneurial motivational factors on the operational performance of Small Scale Industries (SSIs) located in Yanya, Abuja. Relying on a cross-sectional survey research design, 337 practicing entrepreneurs, random sampling technique and multiple regression analysis, the study found that facilitating and compelling motivational factors are the significant predictors of SSIs’ performance, while ambitious motivational factor is negatively but significantly impactful on SSIs’ performance. It, therefore, suffices to recommend that the Nigerian government and organized private sector should collaborate to increase the stock of hard and soft infrastructure, especially in the industrial estates and business clusters, to enhance entrepreneurship participation and inclusiveness