Mobile Money Usage and Digital Lending Access as Predictors of Green Entrepreneurship in Nigeria

Abstract

This study investigates the impact of mobile money and digital lending platforms on green entrepreneurship in Nigeria. The aim and objectives of the study is to examine the impact of mobile money and digital lending platforms on the growth and development of green entrepreneurship in Nigeria. The study was guided with a hypothesis formulated for testing the significance. The correlational research design was adopted; a sample size 600 respondents was drawn from the target population 5705, using the purposive sampling technique. The instrument for data collection was a self-constructed structured questionnaire which had been validated and subjected to Cronbach alpha reliability indexes of .799, .836 and .829 for each measure. The data collection was done after administration and retrieval of questionnaires with the help of trained research assistants from the various sampled states. Out of the 600 questionnaires administered, 522 questionnaires were retrieved and used for analysis. The analysis of data was done using descriptive and inferential statistics with the aid of IBM Statistical Package for Social Science (SPSS) version 26.0; The results indicated Mobile Money Usage with β=.528 had a moderate positive predictor on green entrepreneurship while Digital Lending Access with β = .348 had a low positive predictor on green entrepreneurship. The study also revealed that mobile money usage and digital lending access can predict green entrepreneurship in Nigeria (p < 0.05). The study concluded that mobile money usage and access to digital lending are significant predictors of green entrepreneurship in Nigeria. However, the study recommended that; digital financial inclusion policies should be strengthening by expanding mobile money infrastructure, especially in rural and underserved areas, to support green entrepreneurs; and regulatory support for digital lending platforms should be improve for transparency, affordability and consumer protection for green entrepreneurs.