The Role of Entrepreneurship Intervention Schemes in Enhancing Fintech Innovation in Nigeria

Abstract

This study explores the role of entrepreneurship intervention schemes in enhancing FinTech innovation in Nigeria. The study adopted a descriptive survey method. Three hundred and forty-five managing directors were drawn from one thousand, five hundred and twenty-five FinTech firms. The questionnaire was adopted as the data-collection technique. The data were analyzed using descriptive statistics and regression. The study found that entrepreneurship intervention schemes have a significant positive relationship with FinTech innovation in Nigeria. The results conclude that entrepreneurship intervention schemes, if properly deployed to enable the innovation of FinTech firms, will lead to promoting creativity, experimentation, and technological advancement. A major implication of the study is that EIS contributes significantly to FinTech innovation by providing entrepreneurs with mentorship, funding, training, and business development. This study contributes to the extant body of literature on EIS and FinTech innovation by providing empirical evidence on how Nigeria's FinTech ecosystem influences innovation outcomes.