The impact of geopolitical factors on entrepreneurship development in Ankpa Local Government Area, Kogi State
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
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- Recommended for :
- NGN 5000
Background of the Study
Ankpa Local Government Area (LGA) in Kogi State is a region with great potential for entrepreneurship, particularly in agriculture, trade, and local crafts. However, the development of entrepreneurial activities in the area has been significantly shaped by geopolitical factors, such as state policies, regional trade agreements, and local governance (Ojo & Yusuf, 2023). These factors influence the availability of resources, access to markets, and the overall business environment in Ankpa. This study seeks to explore how these geopolitical factors have affected entrepreneurship development in Ankpa LGA, focusing on both the opportunities and challenges presented by local, state, and national policies.
1.2 Statement of the Problem
Entrepreneurship in Ankpa LGA has faced several constraints, including inadequate infrastructure, limited access to credit, and insufficient government support for local businesses. Geopolitical factors, such as state policy priorities and regional economic integration, have played a critical role in either facilitating or hindering the growth of entrepreneurship in the region. This study aims to examine the impact of these factors on entrepreneurial development in Ankpa LGA.
1.3 Objectives of the Study
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To evaluate the impact of state and local policies on entrepreneurship development in Ankpa LGA.
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To examine how regional trade and economic agreements affect local entrepreneurship in Ankpa.
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To assess the role of local governance in supporting or hindering entrepreneurial activities in Ankpa LGA.
1.4 Research Questions
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How do state and local policies affect entrepreneurship development in Ankpa LGA?
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What is the role of regional trade agreements in supporting or hindering entrepreneurship in Ankpa?
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How can local governance structures be improved to better support entrepreneurship in Ankpa LGA?
1.5 Research Hypothesis
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Geopolitical factors significantly influence the development of entrepreneurship in Ankpa LGA.
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State and local policies play a critical role in either facilitating or inhibiting entrepreneurship in Ankpa.
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Regional economic agreements positively impact local entrepreneurship development in Ankpa LGA.
1.6 Significance of the Study
This study will contribute to understanding the relationship between geopolitical factors and entrepreneurship in rural Nigeria. It will provide insights for local and state policymakers, as well as entrepreneurs themselves, in developing strategies to enhance the local business environment and encourage sustainable entrepreneurship (Ojo & Yusuf, 2023).
1.7 Scope and Limitations of the Study
The study will focus on entrepreneurship development in Ankpa LGA, Kogi State. Limitations include potential challenges in gathering data from local entrepreneurs and government officials due to privacy concerns and the sensitivity of political influences on entrepreneurship.
1.8 Operational Definition of Terms
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Geopolitical Factors: The political, social, and economic dynamics that shape and influence local and regional policies.
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Entrepreneurship Development: The process of fostering business creation and growth through various forms of support, including policy, capital, and market access.
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Ankpa Local Government Area: A region in Kogi State, Nigeria, with significant potential for entrepreneurship in agriculture, trade, and crafts (Ojo & Yusuf, 2023).
