Factors Affecting Entrepreneurship Development in Agribusiness Enterprises in Lagos state, Nigeria

Olatomide Waheed Olowa; Omowumi Ayodele Olowa

Authors

Olatomide Waheed Olowa
Omowumi Ayodele Olowa

Keywords:

entrepreneurship, development, entrepreneurship drive, agribusiness enterprise, barriers, lagos state

Abstract

This paper primarily sought to determine the factors affecting the entrepreneurship development in small and micro agribusiness firms. Primary data from 120 owners/managers of small and micro agribusiness enterprises purposively selected for the study were analysed using descriptive statistics and multiple regression models. Results showed that majority of the owners/ managers of agribusiness were male (73.3%), married (71.6%), belong to cooperative society (85%), have business size of between 1 and 2 million naira worth (68.33%) with mean family size and monthly income of 5.0 and ₦84,833.00 respectively. Results also showed that majority (56.7%) had secondary education and were motivated to start agribusiness (56.2%) because they could not find job. Parameter estimates from multiple regression showed that age, gender, marital status and estimated business size have positive relationship with level of involvement in agribusiness enterprise while Family size and Primary occupation have negative relationship. Secondary occupation, membership of Cooperative and educational attainment were not significantly related with level of involvement in agribusiness enterprise development. The paper recommended among others effective and adequate entrepreneurship policies such as price stabilization policy and programmes for addressing factors that hinder the growth and development of agribusiness entrepreneurship as a way of actualising the current transformation agenda and "beyond oil" mantra of the present government of Lagos State on poverty eradication.

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How to Cite

Factors Affecting Entrepreneurship Development in Agribusiness Enterprises in Lagos state, Nigeria. (2015). Global Journal of Management and Business Research, 15(38), 25-32. https://journalofbusiness.org/index.php/GJMBR/article/view/

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Author Biography

Omowumi Ayodele Olowa

Dr. Olatomide Waheed Olowa is a renowned academic and researcher in agricultural economics. Born on August 28, 1970, in Ibadan to the family of Chief Adekoya Olowa of Olowa Compound in Ijebu-Ode, Nigeria, Dr. Olowa holds a Ph.D. in Agricultural Economics from the University of Ibadan, Nigeria. He also has a Master's degree in Agricultural Economics from the same institution and a Bachelor's degree (with second class upper) in Agricultural Science from Obafemi Awolowo University, Adeyemi College of Education, Ondo. He started his education at Ibadan Municipal Government Primary School in 1976. He received his secondary education at the Urban-day Secondary School, Oke-Bola, Ibadan, and later moved to Ifesowapo Comprehensive High School, Imodi-Imosan, Ijebu-Ode. Dr. Olowa has an extensive academic and professional background, having served as a lecturer, principal lecturer, and chief lecturer at the Federal College of Education (Technical), Akoka, Lagos, Nigeria. He has also held various administrative positions, including Head of Department, Dean of the School of Vocational Education (2022-2024), Director/Chairman of Research and Publication, chairman of the Committee of Deans (2023-2024), and member of several committees. Dr. Olowa has published numerous articles and book chapters in reputable international journals and conferences. His research focuses on various aspects of agricultural economics, including farming finance, agricultural development and policy, agricultural marketing and cooperatives, entrepreneurship, and poverty alleviation strategies. He has also contributed to the development of agricultural education and technology in Nigeria. Dr. Olowa is a member of several professional associations, including the Farm Management Association of Nigeria, the Nigerian Association of Agricultural Economists, the Children-In-Agriculture Programme, the Agricultural Society of Nigeria, and the Agricultural Education Teachers Association of Nigeria. He has also served as an external examiner for various institutions. He has served as an external examiner for the Department of Agricultural Extension and Management at LASPOTEC, Ikorodu (2017-2019), the Department of Agricultural Education, Adeniran Ogunsanya College of Education, Otto, Ijanikin and the Department of Agricultural Education at MOCOPED, Epe (2016-2018, 2021). Dr. Olowa has published 8 Textbooks and over 70 articles have appeared in learned journals covering topics such as agricultural finance, agricultural development and policy, agricultural economics, agribusiness and management finance, entrepreneurship, farm marketing and cooperatives, climate change, remittances, poverty alleviation, agricultural education, and technology adoption in agriculture. His academic publications include articles in journals such as the Journal of Rural Economics and Development (A Journal of the Department of Agricultural Economics, University of Ibadan), Nepalese Journal of Agricultural Sciences, ICFAI Journal of Agricultural Economics (An Official Journal of the Department of Agricultural Economics, Icfai University of India), Akoka Journal of Vocational Education, Journal of Agricultural Research and Policies, and the African Journal of Agricultural Research and Development, among others. His research has been recognised for its contributions to the understanding of agricultural economics and its applications in the context of Nigeria. He has attended numerous conferences and seminars. Dr. Olatomide Waheed Olowa, a lecturer in Agricultural Economics and an Editorial Board Member of numerous Learned Journals has attracted substantial project grants such as the Institution Based Research grant of the TETFund and African Economics Research Consortium (AERC) grants for his PhD Thesis. He has received many letters of Commendation from the Management of the Federal College of Education (Technical) Akoka.

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