Effect of Naira Redesign Management on Development of Entrepreneurship of Micro Businesses in Enugu State

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Effect of Naira Redesign Management on Development of Entrepreneurship of Micro Businesses in Enugu State

Okoro-Otti, Veronica1 & Prof. Okechukwu, Elizabeth Uzoamaka2

12Department of Business Administration, Enugu state University of Science and Technology

Abstract
The study examined the effect of naira redesign management on development of entrepreneurship of micro businesses in Enugu State. The specific objectives includes to; examine the extent to which naira value affect opportunity evaluation of micro businesses and ascertain the extent to which naira denominations affect idea generation of micro businesses. A survey research design was adopted for the study. The study sample size was 80 considering census sampling techniques. The population of the study was 80 staff both management, senior and junior. The instrument used for data collection was the structured questionnaire. The findings revealed that naira valuation has significant positive effect on opportunity evaluation of Micro businesses in Enugu State (p value = .000<0.05) and naira denominations have a significant positive effect on idea generation of micro businesses in Enugu State (p value = .000<0.05). The study conclude that that naira value and naira denominations had a significant positive effect on opportunity evaluation and idea generation of micro businesses in Enugu State, the following recommendations were made that naira valuation processes managers should continue to educate appropriately about this processes to common layman in the street and CBN should make sure any naira redesign policy mapped out will be in favorable to individuals who control and manage such currency in terms of denominations.

Keywords Naira Redesign Management; Development of Entrepreneurship; Micro Businesses in Enugu

Citation Okoro-Otti, V. & Okechukwu, E. U. (2023).  Effect of Naira Redesign Management on Development of Entrepreneurship of Micro Businesses in Enugu State. International Journal of Advanced Finance and Accounting, 4(4), 25-41, https://doi.org/10.5281/zenodo.10029235  
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