African Indigenous Entrepreneurship Determinants of Resurgence and Growth of Igbo Entrepreneurship During the Post-Biafra Period

Abstract

The study has two principal objectives: (1) to examine the evolution and transformation of Igbo entrepreneurship since the Biafran war (Nigerian civil war of 1967(Nigerian civil war of -1970; (2) to determine what factors explain the phenomenal resurgence and growth of Igbo entrepreneurship. The essay uses a deterministic approach and the theories of entrepreneurship to explain the resurgence of Igbo entrepreneurship since Biafra. The study goes beyond the neoclassical explanation of entrepreneurship and adopts a more eclectic approach that considers economic, historical, political, sociocultural, and external factors. The essay concludes that Igbo entrepreneurship surged in the post-Biafra period because of factors inherent in the Igbo society and culture and because of the political and economic realities that the Igbos face in Nigeria. Because of the spontaneous nature of its emergence, Igbo entrepreneurship is less sensitive to shocks such as wars, economic downturns, and political instability. Despite its phenomenal resurgence since Biafra, Igbo entrepreneurship faces many problems and constraints.

Business environment and entrepreneurial activity in Nigeria: implications for industrial development

“…Others grappled with the structure and dynamics of management of indigenous firms (Kilby 2003 ;Ukaegbu 1995Ukaegbu , 1998Ukaegbu , 2000. Nnadozie (2002) examined the resurgence and growth of Igbo entrepreneurship after Biafra. These studies have provided impressive insights into various dimensions of the business sector.…”

“…Future studies should explore the reasons for these variations in order to identify the operating factors and see if the towns can learn any measures of cost reduction and regulatory efficiency from one another. Nnadozie (2002) is cautiously optimistic that entrepreneurs in southeast Nigeria should serve as an ideal vehicle for industrialisation in the rest of the country. That, according to him, will occur only if government creates favourable infrastructure, financial, educational, training, research and regulatory environments to motivate the existing stock of entrepreneurship and accelerate business performance.…”

Analyzing Language and Humor in Online Communication

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“…As a developing nation, Nigerians are known to be very innovative and creative especially in dire situations where they perceive an opportunity to take advantage of a desperate situation in order to make money (Nnadozie, 2002). It is therefore no wonder to find jokes on commercialised Ebola preventive items on Facebook as a reaction to the need for prevention.…”

The International Trade in Secondhand Clothing: Managing Information Asymmetry between West African and British Traders

“…What needs to be added is that almost all the traders are from two villages in Igboland. The apprenticeship institution, for which the Igbo are famous, (see Chukwuezi 2001;Nnadozie 2002) is the factor that is most responsible for this. In precolonial times, young boys were attached as apprentices to craftsmen from their villages (see Dike 1979;Neaher 1979).…”