Homepreneurship and Economic Wellbeing of Households: A Perspective Study of Selected Igbo Female Entrepreneurs in Ebonyi State
Conference: ISA 22nd Annual International Conference (2025)
Presenter(s): Gilbert Ogechukwu Nworie, Fidelia N. Nworie
Tags: 2025 Nnamdi Azikiwe University Awka Nigeria Fidelia Nworie Gilbert Ogechukwu Nworie Ukoro Odah Statisticals Amansea
Abstract
Igbo female entrepreneurs in Ebonyi State face numerous challenges, including limited access to capital, inadequate infrastructure, and a lack of business skills, which hinder the growth and sustainability of their ventures. As a result, their businesses struggle to thrive, leading to diminished income and restricted economic opportunities for their households. This not only affects their personal financial wellbeing but also limits broader socio-economic development in the region. In view of this problem, the study examined the extent to which homepreneurship enhances economic wellbeing of households in Ebonyi state. A descriptive survey research design was used. The sample consisted of 285 female entrepreneurs selected from a population of 994. Primary data were collected using a structured questionnaire. Analysis of research question and presentation of demographic profile of the respondents were done using frequency and percentage, respectively. Ordinal regression analysis was conducted to test the hypothesis. It was found that homepreneurship significantly enhances economic wellbeing of households in Ebonyi state (Wald = 6.209; β = .388; p-value = .013). In conclusion, the growth of home-based businesses can lead to enhanced economic well-being for households, providing financial stability, improved quality of life, and a reduction in gender-based economic disparities. To enhance the skills and business acumen of Igbo female entrepreneurs, training programs on business management, digital literacy, and financial planning should be introduced through local community centers to ensure that women acquire the knowledge necessary to run sustainable and profitable businesses.
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