Main Article Content

Abstract

This study investigated “Entrepreneurship and Economic Diversification in Nigeria: The Moderating influence of Enabling Environment on Global Satellite Mobile Village’s Experience.” The purpose was to find out the relationship between entrepreneurship and economic diversification with focus on the moderating influence of enabling environment. A cross-sectional survey design and convenience sampling technique were adopted. Pilot survey and confirmatory factor analysis were carried out to validate the research instrument. The reliability test of the instrument yielded a value of 0.67 which more than met Bagozzi and Yi’s benchmark of α ≥ 0.50 and as such, was accepted as adequate and used. Primary data were obtained from 127 copies of questionnaire issued out of which 120 copies representing 94% return rate were retrieved and used in the study. Pearson’s Product Moment Correlation Coefficient was used to analyse the data aided by Statistical Package for Social Sciences (SPSS) version 25.0. The findings showed that there was no significant relationship between entrepreneurship and economic diversification. However, the enabling environment had significant moderating influence on the relationships between entrepreneurship and economic diversification. These findings informed the conclusion that enabling environment moderates the relationship between entrepreneurship and economic diversification. It is recommended that further empirical study be carried out in other segments of the economy with more factors to corroborate or diverge from these outcomes. Moreover, government should create cultural awareness, deploy resources to diversify the economy via entrepreneurship and free itself from the Dutch disease of resource curse theory.

Keywords

Entrepreneurship, Diversification, Concentration ratio, Diversification co-efficient, Concentric, Conglomerate, Gross domestic prosperity (GDP), Resource-curse theory, Dutch disease.

Article Details

How to Cite
Nkuda, M. O. (2020). Entrepreneurship and Economic Diversification in Nigeria: The Moderating Influence of Enabling Environment on Global Satellite Mobile Village’s Experience. Journal of Contemporary Research in Business, Economics and Finance, 3(1), 1-25. https://doi.org/10.33094/26410265.2021.31.1.25