Chapter One — 1.1 Background to the Study

Over the past decade, the relationship between crowdfunding and business growth of youth entrepreneurs has become a subject of considerable debate among scholars and industry practitioners alike, particularly within the context of Selected Public Universities in Nigeria where operating conditions differ markedly from more developed markets.

Selected Public Universities in Nigeria presents a useful setting for examining this relationship precisely because the conditions there — structural, regulatory, and behavioural — differ from those typically assumed in the broader literature, most of which draws on evidence from more developed economies.

1.2 Statement of the Problem

While crowdfunding is widely discussed in policy and industry circles, empirical evidence on its actual effect on business growth of youth entrepreneurs within Selected Public Universities in Nigeria remains sparse and, in places, contradictory. This lack of localized, rigorous evidence makes it difficult for decision-makers to know with confidence whether current approaches to crowdfunding are helping or hindering business growth of youth entrepreneurs — a gap this study sets out to close.

1.3 Objectives of the Study

1. To examine the effect of Crowdfunding on business growth of youth entrepreneurs in Selected Public Universities in Nigeria.
2. To assess the extent to which crowdfunding influences business growth of youth entrepreneurs within the study area.
3. To identify the challenges associated with crowdfunding in relation to business growth of youth entrepreneurs.
4. To recommend strategies for optimizing crowdfunding in order to improve business growth of youth entrepreneurs.

1.4 Research Questions

1. What is the effect of crowdfunding on business growth of youth entrepreneurs in Selected Public Universities in Nigeria?
2. To what extent does crowdfunding influence business growth of youth entrepreneurs within the study area?
3. What challenges are associated with crowdfunding in relation to business growth of youth entrepreneurs?
4. What strategies can be adopted to optimize crowdfunding in order to improve business growth of youth entrepreneurs?

1.5 Significance of the Study

Beyond its academic contribution to the field of entrepreneurship, this study has practical value for management teams within Selected Public Universities in Nigeria seeking to understand how crowdfunding translates into measurable outcomes around business growth of youth entrepreneurs. It is equally useful to students and future researchers looking for a localized empirical reference on this relationship.

1.6 Scope of the Study

In terms of scope, this study confines itself to Selected Public Universities in Nigeria, focusing specifically on how crowdfunding relates to business growth of youth entrepreneurs within that setting. Findings are interpreted within these boundaries rather than as universal claims applicable to every organization or market.