Vol. 3 No. 11 (2023)
Articles

HUMAN CAPITAL DEVELOPMENT AND ENTREPRENEURIAL GROWTH IN NIGERIA

OWHORKIRIE, Okoro Helen
Doctoral Student, Department of Management, University of Port Harcourt, Choba, Rivers State.
ONUOHA, Benedict Chima
Professor of Management, University of Port Harcourt, Choba, Rivers State.

Published 2023-11-24

Keywords

  • Human capital development,
  • education,
  • infrastructure on transportation,
  • technology efficiency,
  • entrepreneurial growth

How to Cite

OWHORKIRIE, Okoro Helen, & ONUOHA, Benedict Chima. (2023). HUMAN CAPITAL DEVELOPMENT AND ENTREPRENEURIAL GROWTH IN NIGERIA. African Journal of Business and Economic Development, 3(11), 84-96. https://www.openjournals.ijaar.org/index.php/ajbed/article/view/313

How to Cite

OWHORKIRIE, Okoro Helen, & ONUOHA, Benedict Chima. (2023). HUMAN CAPITAL DEVELOPMENT AND ENTREPRENEURIAL GROWTH IN NIGERIA. African Journal of Business and Economic Development, 3(11), 84-96. https://www.openjournals.ijaar.org/index.php/ajbed/article/view/313

Abstract

Nigeria has experienced a paradigm shift within the past two regimes concerning the enhancement of human capital development. Despite the establishment of numerous  programmes and initiatives to support human capital development by Nigerian government, entrepreneurs still undergo challenges to their growth. To tackle the increasing problems faced by enterpreneurs, the government should prioritize the effective implementation of policies and programs, rather than simply creating new initiatives. The study explores the connection between human capital development and entrepreneurial growth in Nigeria. A quasi-experimental research design was adopted and 242 respondents comprising of poultry farmers were selected for the study. Three null hypotheses were tested to assess the connection between human capital development (education, infrastructure on transportation and technical efficiency) and entrepreneurial growth. The Spearman's Rank Correlation Coefficient was used to test the hypotheses at 1% level of significance. The results of the analysis showed a positive and significant relationship between the various dimensions of human capital development and entrepreneurial growth in Nigeria. Therefore, the study recommends that government should redirect its resources to improve the educational, agricultural, manufacturing and health sector.

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