ENTREPRENEURSHIP AND STARTUP ECOSYSTEMS IN NIGERIA

This research looks at the setup, chances, hurdles, and results of entrepreneurship and startup networks in Nigeria. As worldwide interest in startups as engines of innovation and economic progress keeps rising, Nigeria’s scene stands out because of its young population, fast tech uptake, and ongoing structural bottlenecks. The study adopted mixed methods (quantitative and qualitative) to provide a robust understanding of the ecosystem, The team gathered survey numbers and in-depth interviews from Lagos, Abuja, and Port Harcourt to see how policy, roads and power, mentoring, and funding steer startup success. Out of a population of 1000 respondents, a sample size of 286 was estimated using Taro Yamane formula. Data collection instrument used included, questionnaire, Semi structured interviews with ecosystem leaders and Reports from NITDA, World Bank, and NBS. The study used descriptive Statistics, Inferential Statistics and Thematic Analysis as method of data analysis. Results point to government rules, incubator support, and online platforms as the ecosystem's most powerful shaper. The study recommended streamlining startup-related policies across MDAs and establishing government backed startup grants and seed funds.

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Publication Details

Journal
International Journal of Innovation Research and Advanced Studies
Published
2025-07-18
DOI
https://doi.org/10.70382/hijiras.v08i2.045
Primary Topic
Private Equity and Venture Capital
Type
article
Field-Weighted Citation Impact
0.00
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article

ENTREPRENEURSHIP AND STARTUP ECOSYSTEMS IN NIGERIA

NWANETO UGONMA CHARITY
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International Journal of Innovation Research and Advanced Studies
Private Equity and Venture Capital
article

ENTREPRENEURSHIP AND STARTUP ECOSYSTEMS IN NIGERIA

NWANETO UGONMA CHARITY
article en

Abstract

This research looks at the setup, chances, hurdles, and results of entrepreneurship and startup networks in Nigeria. As worldwide interest in startups as engines of innovation and economic progress keeps rising, Nigeria’s scene stands out because of its young population, fast tech uptake, and ongoing structural bottlenecks. The study adopted mixed methods (quantitative and qualitative) to provide a robust understanding of the ecosystem, The team gathered survey numbers and in-depth interviews from Lagos, Abuja, and Port Harcourt to see how policy, roads and power, mentoring, and funding steer startup success. Out of a population of 1000 respondents, a sample size of 286 was estimated using Taro Yamane formula. Data collection instrument used included, questionnaire, Semi structured interviews with ecosystem leaders and Reports from NITDA, World Bank, and NBS. The study used descriptive Statistics, Inferential Statistics and Thematic Analysis as method of data analysis. Results point to government rules, incubator support, and online platforms as the ecosystem's most powerful shaper. The study recommended streamlining startup-related policies across MDAs and establishing government backed startup grants and seed funds.

International Journal of Innovation Research and Advanced Studies
Federal Polytechnic Nekede (NG)
Decent work and economic growth
Openalex Percentile: Top 71%
Private Equity and Venture Capital
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ENTREPRENEURSHIP AND STARTUP ECOSYSTEMS IN NIGERIA — NWANETO UGONMA CHARITY · International Journal of Innovation Research and Advanced Studies (2025) | TGRS Research Map | TGRS