Citation:

Okoronkwo, G.I., Nwankwere, I. A. "Entrepreneurial Risk Management and Performance of Agropreneurs in Ogun State" International Research Journal of Economics and Management Studies, Vol. 2, No. 3, pp. 646-652, 2023.

Abstract:

This study looked at the performance of agropreneurs in Ogun State in relation to entrepreneurial risk management. The research design for the study was a cross-sectional survey. With the help of a standardised questionnaire, primary source data for this study were gathered. 156 agro-entrepreneurs who are registered with the Ogun State Agricultural Development Board and engaged in fish farming, rice farming, poultry farming, oil palm processing, etc. made up the study's population. The Cronbach Alpha coefficient was used to determine the instrument's dependability, and all of the items scored over 0.70. With the help of the 23.0 edition of the Statistical Package for Social Sciences, the hypotheses were tested using the Spearman's Rank Order Correlation Coefficient. The tests were run using a significance threshold of 0.05. The results showed a strong correlation between agropreneur performance in Ogun State and entrepreneurial risk management. The study comes to the conclusion that agropreneurs in Ogun State perform much better when using entrepreneurial risk management. Therefore, the study thus recommends that it is important to implement comprehensive financial literacy programs targeted at agropreneurs. Equip them with the knowledge and skills needed to understand financial risks, manage budgets, and make sound financial decisions. This will empower agropreneurs to effectively manage their financial resources.

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Keywords:

Entrepreneurial Risk Management, Performance, Agro-Entrepreneurs.