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| Economic Contribution of the Igbo Nation to Nigeria through the Lenses of Small and Medium Enterprises |
Osita Fabian Chinedu, Nkechi Chikwuemeka-Onuzulike & Chinonso Chigozie Ojimba
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Abstract:
This paper assessed the economic contribution of the Igbo nation to the Nigerian economy through the lenses of small and medium enterprises. The resilience and entrepreneurial ingenuity of Igbo people amidst harsh economic and environmental realities were outlined. The paper equally examined the economic contribution of SMEs to Nigeria, percentages of Igbo businesses across the country, the role of Igbo apprenticeship model in the economic prosperity of Nigeria and some major security challenges confronting Igbo businesses in the Northern part of Nigeria. The study adopted the need for achievement theory of David C. McClelland. Secondary data were used in the study. It was found out that entrepreneurial performance of Igbo people are existential in their belief system, that Igbo entrepreneurship model has contributed immensely to the Igbo economic progress and that Igbo people have contributed immensely to the economic development of Nigeria. The study recommended that Nigeria government should invest substantially to the growth and development of SMEs through the provision of necessary infrastructure and also step up the fight in curbing the security challenges that hinder business survival in Nigeria.
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