Wahab, Fatai Kayode Wahab and Akintade, Elizabeth Abidemi and Abdulmajeed, Tajudeen Idera (2026) A Critical Review of the Nigerian Entrepreneurial Ecosystem: Understanding and Leveraging the Opportunities. Journal of Business Management and Accounting (JBMA), 16 (1). pp. 1-12. ISSN 2231-9298

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Abstract

The Nigerian entrepreneurial ecosystem is a dynamic yet complex framework that influences economic diversification and development. Despite the immense potential of the Nigerian economy, the ecosystem faces systemic challenges that hinder its effectiveness. Institutional voids, inadequate infrastructure, limited access to finance, a widening skills gap, regulatory bottlenecks, and restricted market access collectively impede entrepreneurial growth and economic transformation in the country. This study adopts a systematic review approach to analyses the Nigerian entrepreneurial ecosystem by examining its key components, identifying prevailing challenges, and exploring strategies to leverage its potential. Drawing on an extensive review of scholarly literature, policy documents, and empirical studies, the study addresses the existing gap in understanding the interplay among the ecosystem’s core elements. The study reveals the pivotal role of government policies, financial institutions, digital infrastructure, and market linkages in shaping entrepreneurial outcomes. The findings emphasize the need for targeted interventions, including policy reforms, capacity-building initiatives, public–private partnerships, and improved access to funding, as essential steps towards bridging existing gaps and unlocking the full potential of Nigerian entrepreneurial ecosystem.

Item Type:	Article
Uncontrolled Keywords:	Entrepreneurial ecosystem, small and medium enterprises (SMEs), systems theory, economic development, Nigeria
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Divisions:	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	09 Nov 2026 11:36
Last Modified:	09 Nov 2026 11:36
URI:	https://repo.uum.edu.my/id/eprint/34692

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