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International Journal of Research and Innovation in Social Science (IJRISS) | Volume VI, Issue VII, July 2022 | ISSN 2454–6186

Female Entrepreneurship: A Driver of Socio-Economic Activities

Barnabas Gogo Pepple1 Gladys Jumbo2 Iwowari Bernice Gentle Abbey3
1Department of Petroleum Marketing and Business Studies, Federal Polytechnic of Oil and Gas Bonny Island, Nigeria
2School of Continuing Education, Federal Polytechnic of Oil and Gas Bonny Island, Nigeria
3Department of Public Administration, Federal Polytechnic of Oil and Gas Bonny Island, Nigeria

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Abstract: This study was carried out on ‘Female Entrepreneurship: A Driver of Socio-Economic Activities’. It is the desire of every nation to be economically vibrant, not just to meet the needs of its citizens but to also be exporter of knowledge (services), technologies and other products. However, achieving these desires has been a challenge to many nations, especially the African context. In no doubt, there are many different ways a nation can achieve the aforementioned. One of such notable ways is through entrepreneurship. Entrepreneurial activities on the other hand, despite its importance and role in the improvement of economic conditions of nations, many nations have failed to provide that needed atmosphere to drive it. Furthermore, an aspect of entrepreneurial activity that has suffered so many setbacks in past decades is female-entrepreneurship. Following the crude notion held by people, especially in developing countries about females owning and carrying out businesses just like their male counterpart, from time immemorial until some past decades, really affected the number of women in business, which in turn, also affected their impact on the economy. Furthermore, lack of favourable environment in the form of laws, technical know-how among others, also constituted obstacle. The economic value of female entrepreneurship has been revealed by the current study and recommendation for some key factors that will provide the pace for female entrepreneurship.

Key words: Female entrepreneur, driver, socio-economic activity.

I. INTRODUCTION

It will be an understatement to truly speak on economic activities and completely ignoring social activities that to a large extent serve as catalyst. Furthermore, since women are stakeholders in both social and economic activities, considering their importance, cannot be overemphasized. Some decades ago, especially from the African context, women (also known as female in this context), are seen to a large extent as those wired to end up in the kitchen and by extension, only take care of children at home, thereby doing little or no other activity, especially career building. This notion has really affected the life of an average woman, and subjected the men to even work extra hard to ensure that the bills of the family are paid and the needs of the family also met. At this time, the needs of the average family were relatively minimal and taste and fashion under control. However, as time progresses, family needs widen likewise taste and fashion. Consequently, the pressure on men to meet with the needs of the family also widen and because the men cannot alone, provide and meet with the needs of the family