ENTREPRENEURSHIP AND INNOVATIVE CAPACITY AMONG AGRIBUSINESS CLUSTERS IN NORTH-CENTRAL, NIGERIA
Abstract
The themes of entrepreneurship and agribusinesses have continued to echo with a wide range of initiatives around the country. Additionally, the economic instability, resource limitations and environmental uncertainties call for entrepreneurial initiatives as the option for agribusinesses to
attain synergy. More so, the innovative prowess in the agricultural sector in Nigeria raises concerns about low attempt at salvaging agricultural sector from its present status. Hence, the study examined the relationship between entrepreneurship and innovative capacity among agribusiness
clusters in Kogi, Kwara and Niger States of Nigeria. The study samples were selected using multistage sampling techniques and 342 copies of questionnaire were administered. The data was analyzed
using Smart PLS-Structural Equation Modeling (SEM) technique. The results revealed that entrepreneurial initiatives have significant relationship with innovative capacity amongagribusinesses. From the study, it established that networking initiative (T statistics =5. 628), technological adoption (T statistics = 4.478), and entrepreneurial orientation (T statistics =5.912)
were essential elements in ensuring innovative capacity. The study thus concluded that
entrepreneurial initiatives have strong positive relationship with innovative capacity. The study
recommended that technological advancement through research and development and conscious
collaboration with relevant institutions should be encouraged.