Drivers of Women Entrepreneurship in the Oke-Ogun Region, Oyo State, Nigeria.

Abstract

The idea of entrepreneurship is frequently associated with men and is seen as a manly pursuit. But recently, it has become clear how important female entrepreneurs are and how much they contribute to the economy. Over time, the Nigerian business community has come to view women as an unequal gender, partly due to the country’s cultural legacy of expecting all women to be subservient. Finding the main entrepreneurship drivers and how they have aided women’s entrepreneurship in the Oke-ogun district of Oyo state, Nigeria, is the aim of this study. The objective of the study is to examine the effect of some identified variables as drivers towards entrepreneurial ability of women entrepreneurs in the study area. Using a survey design approach, the study’s target respondents—women business owners, were purposively selected based on their levels of entrepreneurial activity, and a structured questionnaire was used to collect data. The data was analyzed using the ANOVA and Pearson correlation coefficient. The results indicated that the three independent variables—personal entrepreneurship traits, inner motivation, and credit intervention schemes, each had a correlation co-efficient and probability value of (β1= 0.302, p<0.05, β2= 0.325, p<0.05, and β3= -0.278, p<0,05) that, taken separately, suggested a weak relationship with women’s entrepreneurship during the study period. Among other things, it is recommended that official lenders and other government organizations provide women entrepreneurs with sufficient assistance so that they can make their fair share of contributions to the country’s economy.