ABSTRACT

Family businesses have a relatively long history in Nigeria dating close to a century. The introduction of the formal economy as a result of colonialism has existed in some parts of Nigeria since the late nineteenth century. These businesses range from small-scale manufacturers, trading, and service sectors. The subject of father-daughter succession in enterprises is both in the realm of business and economics, but also has sociological and cultural aspects. Family businesses in Nigeria contribute significantly to the Nigerian economy both in terms of the Gross Domestic Product (GDP) as well as a source of employment and income. Factors affecting father-daughter succession includes Nigerian culture, religious factors in family business, women entrepreneurs, lack of interest and capability. Nigeria is an intensely religious society with two dominant inclinations: Christianity and Islam. Nigerian researchers aspire to continuing research work in family business to enlighten and bring to the cultural dialogue the issue of father-daughter succession in Nigerian family businesses.