INDIGENOUS ENTREPRENEURSHIP CHARACTERISTICS AND SUSTAINABLE ECONOMIC PERFORMANCE IN SAGBAMA LOCAL GOVERNMENT OF BAYELSA STATE, NIGERIA

Authors

  • BANABO, EKANKUMO (PhD) isaac Jasper Boro College of Education, Sagbama, Bayelsa State, Nigeria
  • OBA PREYE INIMIESI isaac Jasper Boro College of Education, Sagbama, Bayelsa State, Nigeria
  • KALAMA, RONALD EKPERI university of Africa, Toru Orua, Bayelsa State

Keywords:

Indigenous entrepreneurship, Sustainable economic development, Business Performance, Green Economy Performance Index

Abstract

This study investigated indigenous entrepreneurship characteristics and sustainable economic performance in Sagbama Local Government, Bayelsa State, Nigeria. The study anchored on self-determination theory and used cross sectional survey research design with a population of 30,450 of selected indigenous entrepreneurs and stratified sampling technique was adopted. Primary data was obtained from questionnaires after validity and reliability tests were conducted and the responses obtained from the administered questionnaires were analyzed using univariate, bivariate and multivariate analysis. The results from the analysis suggested a positive and significant relationship between business performance and green economy performance index of indigenous entrepreneurs in Sagbama Local Government, Bayelsa State, Nigeria; a positive and significant relationship between community impact and green economy performance index of indigenous entrepreneurs in Sagbama Local Government, Bayelsa State, Nigeria; a positive and significant relationship between innovation and adoption and green economy performance index of indigenous entrepreneurs in Sagbama Local Government, Bayelsa State, Nigeria; a positive and significant relationship between cultural authenticity and green economy performance index of indigenous entrepreneurs in Sagbama Local Government, Bayelsa State, Nigeria; and a positive and significant relationship between economic empowerment and green economy performance index of indigenous entrepreneurs in Sagbama Local Government, Bayelsa State, Nigeria. The study concludes that indigenous entrepreneurship influences green economy performance (sustainable economic development) in Sagbama Local Government, Bayelsa State, Nigeria. Consequently, the study recommends amongst others that policy makers should recognize the essence of entrepreneurship to sustainable economic development; indigenous entrepreneurship deserves equal emphasis as is being placed on science and technology; it is the entrepreneur that translates the innovation in science and technology into wealth. Thus, entrepreneurship should be recognized as an important factor of production just as land (raw materials), labor and capital (liquid and physical), since it is only the entrepreneur that can combine all the other factors to produce wealth.

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Published

2024-07-03

How to Cite

BANABO, E. ., OBA , O. P. I. ., & KALAMA, R. E. (2024). INDIGENOUS ENTREPRENEURSHIP CHARACTERISTICS AND SUSTAINABLE ECONOMIC PERFORMANCE IN SAGBAMA LOCAL GOVERNMENT OF BAYELSA STATE, NIGERIA. Advance Journal Of Business and Entrepreneurship Development, 8(4), 1–32. Retrieved from https://aspjournals.org/ajbed/index.php/ajbed/article/view/58

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Articles