EFFECTS OF ENTREPRENEURSHIP ON ECONOMIC DEVELOPMENT OF BENUE STATE: A STUDY OF BARNA WATER LIMITED GBOKO,(2018-2024)
Abstract
ABSTRACT
Entrepreneurship has increasingly become a major driver of economic growth and sustainable development in developing economies such as Nigeria. This study examined the effects of entrepreneurship on economic development in Benue State using Barna Water Limited, Gboko as a case study covering the period 2018–2024. The study specifically investigated the contribution of entrepreneurial activities to employment generation, income creation, business expansion, and local economic development. A descriptive survey research design was adopted. Data were obtained through structured questionnaires administered to management staff, employees, distributors, and selected community stakeholders of Barna Water Limited. Descriptive statistics and regression analysis were used for data analysis. Findings revealed that entrepreneurial activities significantly contribute to job creation, improvement in living standards, increased productivity, and stimulation of local economic growth in Gboko metropolis. The study concluded that entrepreneurship plays a vital role in promoting industrial development and economic sustainability in Benue State. It recommended improved government support, access to finance, infrastructural development, and entrepreneurial capacity building to enhance enterprise performance.
Keywords: Entrepreneurship, Economic Development, SMEs, Employment Creation, Industrial Growth.
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