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Igba-boi Entrepreneurial Philosophy: An Afrocentric Place-Building Model

Author

Listed:
  • Ishmael IWARA

    (North-West University, South Africa)

  • Victor OJAKOROTU

    (North-West University, South Africa)

Abstract

Through the lens of a place-building model, this theoretical analysis of existing discourse explains the Igba-boi entrepreneurial philosophy and its transformative role in the post-Nigerian Civil War (1967-1970) socioeconomic recovery of the Igbo ethnic group. It positions the entrepreneurship model as a strategic resource for capacity development within marginalised communities, ultimately advancing sustainable local economies. Using a qualitative research methodology rooted in a desktop-based literature review, this study draws attention to the core principles of the model’s philosophical foundations, emphasising its profound potential as a blueprint for similarly marginalised Indigenous communities. The model’s implementation hinges on the community’s unified acknowledgement of the importance of development, and the dedication of successful entrepreneurs in identifying, mentoring, and establishing emerging talent. Implementing this entrepreneurial philosophy offers marginalised groups a viable pathway toward economic empowerment, self-sufficiency, and the conservation of cultural heritage. Actors and policymakers can effectively fuse the model’s foundations into development frameworks for marginalised communities.

Suggested Citation

  • Ishmael IWARA & Victor OJAKOROTU, 2025. "Igba-boi Entrepreneurial Philosophy: An Afrocentric Place-Building Model," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 147-157, February.
  • Handle: RePEc:rom:merase:v:10:y:2025:i:1:p:147-157
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    More about this item

    Keywords

    Afrocentric model; Igba-boi entrepreneurship; indigenous people; marginalised communities; sustainable economy.;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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