FINANCING OPTIONS AND ENTREPRENEURSHIP GROWTH IN NIGERIA.

Abstract

The study investigated the nexus of Formal and informal Financing to entrepreneurship growth

in Nigeria". The purpose of the study was to assess how the various formal financing and

informal financing sources of finance affect the growth of entrepreneurship. Despite the various

financing options available for the growth of entrepreneurial firms, some entrepreneurs may

need to be aware of most of them and, therefore, may not be able to access them. 255 internet

questionnaire were distributed using snowball and random sampling techniques. Data from The

questionnaires were coded and analysed using Simple Linear Regression. The findings of this

study showed that the sources of finance for the growth of entrepreneurial businesses might be

derived from other sources aside the formal and informal finance sources. To this end, therefore,

there is a need for awareness of the various sources of finance available to entrepreneurs

because increased productivity in entrepreneurship leads to overall economic growth.