Blue Economy and Entrepreneurship Outcomes of Some Selected Coastal Communities in Niger Delta Area: Does Strategic Alliance for Sustainable Development Matter?
Keywords:
Blue Economy, Entrepreneurial Outcomes, Economic Contribution, Sustainable Resource Use, Strategic Alliance for Sustainable DevelopmentAbstract
This study examined the relationship between blue economy and entrepreneurship outcomes among some selected coastal communities in Niger Delta Area: a mediating role of strategic alliance for sustainable development. Based on Resource-Based View (RBV) theory, cross-sectional survey was adopted for data gathering from the respondents. The study population was 246 entrepreneurs engaged in fishing business in the three coastal states of Niger Delta region, Nigeria. A PLS-SEM approach was used with aid of Smart PLS 4.1 to analyse the data. The result revealed that economic contribution has a strong positive and significant relationship with entrepreneurial outcomes, whereas sustainable resource use shows a negative and insignificant relationship with entrepreneurial outcomes. The result also revealed that strategic alliance for sustainable development is marginally positive and significant relationship with entrepreneurial outcomes. However, for the indirect relationship, the result shows that the mediating role of strategic alliance for sustainable development between economic contribution and entrepreneurial outcomes is positive and statistically significant while the mediating role of strategic alliance for sustainable development between sustainable resource use and entrepreneurial outcomes is positive and statistically significant. This study thereforerecommends that governments should foster collaborations between private investors, NGOs, and local businesses to boost investment in Blue Economy sector while financial institutions should develop special credit schemes for coastal entrepreneurs engaged in fisheries, aquaculture, and eco-tourism with a view to promoting local cooperatives and facilitating access to broader markets for coastal entrepreneurs.
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