Title: The Role of Policy Uncertainty in Shaping Green Entrepreneurial Intentions in Nigeria: A National-Level Perspective
Authors: Michael Oshioke Agbayekhai
Volume: 9
Issue: 5
Pages: 181-190
Publication Date: 2025/05/28
Abstract:
This study explores the impact of policy uncertainty on green entrepreneurial intentions in Nigeria, focusing on how fluctuating regulations and institutional challenges influence the decision-making process of potential green entrepreneurs. With Nigeria's vast renewable energy potential, understanding the role of policy stability is crucial for fostering a sustainable green economy. The study aims to assess the interplay between policy uncertainty, institutional frameworks, and the intention to engage in green entrepreneurship. Using a mixed-methods approach, the study combines a survey of 200 aspiring green entrepreneurs and in-depth interviews with 15 industry experts. The quantitative data was analyzed using structural equation modeling (SEM), while the qualitative insights were evaluated through thematic analysis. The findings reveal that high levels of policy uncertainty significantly diminish the entrepreneurial intentions of individuals, with regulatory barriers and inconsistent policies identified as major deterrents. Furthermore, institutional support and favorable regulatory environments were found to positively influence green entrepreneurial intentions, even amidst uncertainty. The study recommends that the Nigerian government should implement clear, stable policies and enhance institutional support for green businesses. Additionally, creating incentives for green innovation, streamlining renewable energy regulations, and promoting public-private partnerships are crucial steps to stimulate green entrepreneurship. These measures are expected to contribute to Nigeria's transition to a more sustainable and resilient economy.