Exploring Socio-demographic Predictors of Human Capital Development in Indigenous Igbo Business Mentorship

This study explores the sociodemographic predictors of human capital development within the framework of indigenous Igbo business mentorship, addressing a phenomenon that has received limited scholarly attention in the past and in recent times. Employing a qualitative methodology and utilizing purposive and snowball sampling techniques, the research collected rich, contextual data from 75 entrepreneurs who developed their human capital through mentorship and subsequently established businesses in three major Lagos markets: Ladipo Auto Spare Parts, Idumota, and Alaba International in Lagos metropolis, Nigeria. The findings reveal a complex interplay between sociodemographic factors and human capital development, offering a nuanced understanding of the critical role indigenous mentorship plays in shaping entrepreneurial trajectories. The study reinforces social capital theory by highlighting the power of social networks in entrepreneurial development, and underscores the importance of early-age entrepreneurial engagement, as conceptualized through career construction theory. It also draws on the theory of economic development, portraying the entrepreneur as an agent of creative destruction, dismantling outdated educational systems and fostering innovative structures through entrepreneurial activity. Ultimately, the study challenges the dominant Western narrative of entrepreneurial individualism, emphasizing the value of social network and communal support systems in driving entrepreneurial success. By reaffirming the principles of social capital theory, this research contributes a transformative perspective to the discourse on human capital development and entrepreneurship.