Gender Inclusivity in Corporate Governance and Entrepreneurial Performance in Nigeria

Abstract

Women's participation in corporate governance remains limited in many African contexts, despite evidence suggesting that gender diversity enhances strategic decision-making, innovation, and firm performance. In Nigeria, where small and medium-sized enterprises (SMEs) drive economic growth, the influence of gender-inclusive governance on entrepreneurial performance remains underexplored. This study examines the effect of gender inclusivity in corporate governance on entrepreneurial performance in Nigerian SMEs. Using a quantitative survey approach, primary data were collected from 150 SMEs across manufacturing, services, and ICT sectors. Data were analysed using SPSS, employing descriptive statistics, correlation, and regression analysis to test the relationship between female representation in boards and executive roles, and measures of entrepreneurial performance, including profitability, growth, and innovation. Preliminary findings suggest that higher gender inclusivity in governance is positively associated with entrepreneurial performance, and firm-specific factors such as size and industry type moderate this relationship. The study contributes to the discourse on gender diversity by providing empirical evidence from a Nigerian context and offers practical recommendations for policymakers, entrepreneurs, and corporate boards seeking to enhance firm performance through inclusive governance practices. Findings also underscore the importance of equitable female representation in leadership as a strategy for advancing sustainable business development in Africa.