Revue du Journal arabe des affaires et de la gestion

Entrepreneurial Opportunities and Financing Sources in a Developing Economy: A Focus on Nigeria

Abstract

Omoregie OK

The link between entrepreneurship and economic development has been well established. Macroeconomic dislocations, infrastructure deficiencies, and limited access to sources of financing are some of the factors militating against the development of thriving entrepreneurship and development of sustainable organizations in developing countries like Nigeria. This paper argues that these challenges in themselves should create the emergence of entrepreneurial opportunities directed towards solving these problems. The buyer experience cycle and utility matrix, and the entrepreneurial process: Renewal, Regeneration and Intrapreneuring were used to illustrate how entrepreneurs can develop and grow business opportunities. Some entrepreneurial financing sources and strategies were also proposed.