IDEAS home Printed from https://ideas.repec.org/a/gam/jbusin/v5y2025i1p9-d1592131.html
   My bibliography  Save this article

Indigenous Igbo Entrepreneurship Scheme: Relevance, Restraints, and Remedies

Author

Listed:
  • Godswill Agu

    (Department of Marketing, Abia State University, Uturu 441103, Abia, Nigeria)

  • Clara Margaça

    (Faculty of Economic, Social and Business Sciences, Lusofona University—Porto University Center, 4000-098 Porto, Portugal)

Abstract

African traditional entrepreneurship schemes have gained growing scholarly attention in recent times, with the Indigenous Igbo Entrepreneurship Scheme (IIES) recognized as the most impactful. Although scholars have explored various dimensions of the IIES, they agree that the phenomenon requires more exploration in order to position it properly in the global literature of entrepreneurship and support its adoption in other regions beyond the Igbo context. Currently, very few studies have investigated the roles, impediments, and possible solutions to the challenges faced by the IIES, and none is known that covers these three areas simultaneously. By deploying a mixed research method involving in-depth interviews with IIES enrollees and trainers, and a systematic literature review, this study proposes the 3Rs framework to the IIES. Thus, it anchors on the entrepreneurial venture creation theory and the multidimensional construct to explore the IIES’s relevance, restraints, and remedies. Several findings relating to the relevance of the scheme, such as its economic, social, financial, and environmental contributions, the restraints (informality, lack of regulation, eroding trust, and dwindling enrolment), and the remedies (including the formulation of regulatory policies, formalization of the scheme, talent hunting, and rekindling the spiritual side) are highlighted. Theoretical and practical implications are discussed.

Suggested Citation

  • Godswill Agu & Clara Margaça, 2025. "Indigenous Igbo Entrepreneurship Scheme: Relevance, Restraints, and Remedies," Businesses, MDPI, vol. 5(1), pages 1-12, February.
    • Handle: RePEc:gam:jbusin:v:5:y:2025:i:1:p:9-:d:1592131
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2673-7116/5/1/9/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2673-7116/5/1/9/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Chandra S. Mishra & Ramona K. Zachary, 2014. "The Entrepreneurial Value Creation Theory," Palgrave Macmillan Books, in: The Theory of Entrepreneurship, chapter 10, pages 253-292, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Amare Abawa Esubalew & A. Raghurama, 2021. "The moderating effect of size on the relationship between commercial banks financing and the performance of micro, small, and medium enterprises (MSMEs)," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 1-14, December.
    2. Md. Abdul Momen & Shamsul Huq Bin Shahriar & Md. Kamrul Hassan & Seyama Sultana, 2020. "Determinants of Using Social Networking Sites Toward Entrepreneurial Success: Experience from a Developing Nation," Emerging Economy Studies, International Management Institute, vol. 6(2), pages 191-200, November.
    3. Sandra Misiak-Kwit & Małgorzata Wiścicka-Fernando & Kelaniyage Shihan Dilruk Fernando, 2021. "The Symbiotic Mutualism between Co-Creation and Entrepreneurship," Sustainability, MDPI, vol. 13(11), pages 1-12, June.
    4. Nurul Ashykin Abd Aziz & Mohamad Rohieszan Ramdan & Nik Syuhailah Nik Hussin & Zuraimi Abdul Aziz & Juliana Osman & Hasif Rafidee Hasbollah, 2021. "The Determinants of Global Expansion: A Study on Food and Beverage Franchisors in Malaysia," Sustainability, MDPI, vol. 13(18), pages 1-16, September.
    5. Sandra Misiak-Kwit & Yunhua Zhang, 2022. "Entrepreneurial attitude of students - comparative study between China and Poland," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(3), pages 118-133, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jbusin:v:5:y:2025:i:1:p:9-:d:1592131. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.