Financing Options and Entrepreneurship Growth in Nigeria
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Date
2022
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Fuoye Journal of Management, Innovation and Entrepreneurship
Abstract
The study investigated the nexus of Formal and informal Financing to entrepreneurship growth in Nigeria". The purpose of the study was to assess how the various formal financing and informal financing sources of finance affect the growth of entrepreneurship. Despite the various financing options available for the growth of entrepreneurial firms, some entrepreneurs may need to be aware of most of them and, therefore, may not be able to access them. 255 internet questionnaire were distributed using snowball and random sampling techniques. Data from The questionnaires were coded and analysed using Simple Linear Regression. The findings of this study showed that the sources of finance for the growth of entrepreneurial businesses might be derived from other sources aside the formal and informal finance sources. To this end, therefore, there is a need for awareness of the various sources of finance available to entrepreneurs because increased productivity in entrepreneurship leads to overall economic growth