Investigating Small Business Entrepreneurship and Sustainable Development in Onitsha, Anambra State, Nigeria

Abstract

The study examined the relationship between small business entrepreneurship and sustainable development in Onitsha, Anambra State, Nigeria. The study was anchored on Resource-Based View (RBV) theory, by Jay Barney in 1991. A random sampling probability technique was used. The population of the study consisted of 260 registered small businesses in Onitsha. Krejcie and Morgan's table was used to obtain a sample size of 155. Hypotheses were tested using the Pearson Product Moment Correlation Coefficient with the aid of Statistical Package for Social Sciences (SPSS, version 27). Hypothesis one indicated that there is a significant positive relationship between creativity and social equity of small businesses in Onitsha, Anambra State, with r = 0.912, n = 155, and p-value of 0.037 (p<0.05). Hypothesis two revealed that there is a positive significant correlation between response to opportunities and environmental protection of small businesses in Onitsha, Anambra State, with r = 0.758, n = 155, and p-value of 0.022 (p<0.05). The study concluded that there is a positive and statistically significant relationship between small business entrepreneurship and sustainable development in Onitsha, Anambra State, Nigeria. The study recommended that the Anambra State Government needs to promote creative initiatives in Onitsha to advance social equity and community development. The Nigerian government needs to encourage entrepreneurship and innovation among small businesses to enhance environmental protection and sustainable development in the country.