FEMALE ENTREPRENEURSHIP AND SOCIOECONOMIC DEVELOPMENT: FROM THE SOCIAL FEMINIST THEORY (SFT) VERSUS THEORY OF NEED OF ACHIEVEMENT (TNA) OF ENTREPRENEURIAL PERSONALITY TRAIT AND INTENTION PERSPECTIVE

This paper review female entrepreneurship and socio-economic development using the theoretical foundation of the social feminist theory (SFT) versus the theory of need of achievement with entrepreneurs' personality trait and intentions of the geographical perspective of Nigeria. The study adopted a self-administered questionnaire. The data set consists of 360 female entrepreneurs that are engaged in various business in Abia Kano and Lagos state. These states were considered for the study based on the fact they are Nigeria commercial centres. The convenience sampling technique was employed to distinguish the female entrepreneurs who took part in the survey. The answer received from the questionnaire survey was analysed using Smart PLS due to the exploratory nature of this study, data analysis and interpretation was held out with descriptive and inferential statistical analysis. The analysis of the responses of respondents revealed that female entrepreneurship positively correlated with socioeconomic development. Explicitly, the personality trait of the female entrepreneurs correlated positively with socioeconomic development. Likewise, the result showed a positive and essential relationship between entrepreneurship intention and business growth. This suggests that the social feminist theory and theory of need of achievement foundation confirm