Entrepreneurship Policy, Financial Incentives, Training and Regulation in Startup Development in Nigeria
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Date
2025-04-10
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Jurnal Manajemen dan Akuntansi, Iran
Abstract
While the rate of entrepreneurship has continued to rise in Nigeria, the development of enterprises has remained below
expectation, especially in the state in question, Osun State, where entrepreneurial activities have the potential to boost
the economy. This research examines the effects of financial incentives on the development of startups. Data in this
study were collected through a cross-sectional survey design. The target population are start-up entrepreneurs or newly
launched businesses recorded within the last 3 years in these sectors: technology, manufacturing, agriculture,
healthcare and retail operating in Osun state which is infinite with a sample size of 385 respondent and participants
were identified through a snowball sampling technique. The observed data from the respondents was analyzed using
descriptive and inferential statistics. Regression analysis was used to test the hypotheses. Data was analyzed using a
statistical package for social science (SPSS) 27. The result revealed positive relationship among individual
contributions of the predictors (financial incentive, training program, regulatory environment) to the dependent
variable (startup development) with unstandardized coefficient (B = 1.405) which predicts the value of the dependent
variable (startup development) when all predictors are zero and T-value (5.452) and Sig. (.000). The research therefore
recommended that entrepreneurship development agencies should be imparting practical and industry-specific training
programs.