Entrepreneurial Competencies, Family Governance and Performance of Selected Informal Micro-Enterprises in South West, Nigeria

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dc.contributor.authorAdegbuyi Dare ODUGUWA
dc.date.accessioned2026-11-09T12:59:31Z
dc.date.available2026-11-09T12:59:31Z
dc.date.issued2026-12
dc.description.abstractThe informal sector is often characterised by low wages; however, it plays a critical role in providing livelihoods for disadvantaged populations and serves as a viable pathway for business development in Nigeria. This sector offers notable advantages, including flexibility, reduced competitive pressures, and the fostering of close personal relationships. Despite these benefits, informal micro-enterprises frequently operate within environments marked by limited regulatory frameworks and minimal institutional support. As a result, many micro entrepreneurs struggle to achieve sustainable performance, with high failure rates often attributed to deficiencies in entrepreneurial competencies such as financial literacy, customer knowledge, and creativity. This study investigates the interplay between entrepreneurial competencies, family governance, and business performance within Nigeria’s informal micro-enterprise sector. An important yet underexplored driver of economic resilience in developing economies. A descriptive research design was employed, targeting informal entrepreneurs. A sample size of 520 respondents was determined using the Taro Yamane formula. Data were collected through structured questionnaires and analysed using multiple regression and Structural Equation Modelling (SEM). The findings reveal that entrepreneurial competencies do not have a statistically significant effect on customer retention (β = -0.361, t = -1.311, p = 0.190) and customer patronage (β = 0.270, t = 1.297, p = 0.195). However, entrepreneurial competencies demonstrate a significant positive effect on customer satisfaction (β = 2.217, t = 9.469, p < 0.001) and customer loyalty (β = 1.774, t = 9.058, p < 0.001). Furthermore, family governance emerges as a strong moderating factor, significantly influencing the relationship between entrepreneurial competencies and business performance (β = 0.236, t = 18.616, p < 0.001). The study concludes that while entrepreneurial competencies are essential for enhancing the performance of informal micro enterprises, their impact varies across different dimensions of customer-based performance. Specifically, customer retention and patronage do not significantly contribute to performance outcomes in this context. Additionally, effective family governance structures play a crucial role in strengthening the positive effects of entrepreneurial competencies on business performance. Based on these findings, the study recommends that informal micro entrepreneurs should prioritise the development of financial literacy and other core competencies to improve business outcomes. It also emphasises the importance of establishing clear and effective family governance and ownership structures to support long term sustainability and performance. Keywords: Entrepreneurial Competencies, Family Governance, Performance, Informal Micro-Enterprises Wordcount: 366
dc.identifier.citationKate Turabian
dc.identifier.otherPh.D
dc.identifier.urihttps://repository.lcu.edu.ng/handle/123456789/1722
dc.language.isoen
dc.publisherLead City University, Ibadan
dc.relation.ispartofseriesPh.D
dc.subjectEntrepreneurial Competencies
dc.subjectFamily Governance
dc.subjectPerformance
dc.subjectInformal Micro-Enterprises
dc.titleEntrepreneurial Competencies, Family Governance and Performance of Selected Informal Micro-Enterprises in South West, Nigeria
dc.typeThesis

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