A framework for scaling social entrepreneurship in Nigeria: strategies for creating sustainable social impact
Keywords:
social entrepreneurship, scaling strategies, sustainable impact, social enterprises, impact investing, technology adoption, policy advocacy, strategic partnerships, NigeriaAbstract
Social entrepreneurship plays a critical role in addressing socio-economic challenges in Nigeria, yet scaling these ventures remains a persistent challenge. This study proposes a comprehensive framework for scaling social entrepreneurship in Nigeria, emphasizing strategies that foster sustainable social impact. The framework integrates key elements such as innovative financing mechanisms, strategic partnerships, technology adoption, policy advocacy, and capacity-building initiatives. A mixed-methods approach was employed, combining qualitative interviews with social entrepreneurs and quantitative analysis of scaling models from successful case studies. Findings highlight that access to funding remains a primary barrier, necessitating diversified financial instruments such as impact investing, blended finance, and social impact bonds. Strategic partnerships with government agencies, private sector actors, and international development organizations facilitate resource mobilization, policy influence, and market expansion. Additionally, technology-driven solutions, including digital platforms and data analytics, enhance operational efficiency, outreach, and impact measurement. The study further underscores the importance of policy support in creating an enabling environment for social enterprises to thrive. Recommendations include policy reforms that provide tax incentives, regulatory ease, and institutional support for social enterprises. Capacity-building programs, including leadership training, business development services, and mentorship initiatives, are also identified as crucial enablers for scaling social enterprises. The integration of local knowledge and community engagement ensures that social entrepreneurship interventions are culturally relevant, adaptable, and sustainable. This framework provides a roadmap for policymakers, investors, and social entrepreneurs to scale social enterprises effectively, maximizing their contribution to sustainable development. By leveraging innovative financing, fostering collaborations, and embracing technology, social enterprises in Nigeria can achieve large-scale, systemic change. Future research should explore sector-specific scaling strategies and evaluate the long-term impact of these interventions.
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