The Role of Social Entrepreneurship in Community Recovery and Development in the Post-COVID-19 Pandemic Period

Shomoye-Olusi, Adeyinka Maryam and Orekoya, Ibrahim and Adepeju-Orekoya, Qaozara Adebanke and Akintimehin, Olamide (2023) The Role of Social Entrepreneurship in Community Recovery and Development in the Post-COVID-19 Pandemic Period. In: Humanistic Crisis Management : Lessons Learned from COVID-19. Humanism in Business Series . Palgrave Macmillan, Cham, pp. 293-319. ISBN 9783031042515

Abstract

This chapter relies on a related logic when imagining the concept and role of social entrepreneurship in community recovery and development in the post-COVID-19 pandemic period. The first confirmed case in Nigeria, the country of the authors’ analysis, was announced on February 27, 2020. Since then, the number of identified cases has risen rapidly to 52,000. This has affected the economic activities of the country that recently came out of recession. The challenges Nigeria faces are to revive the economy and to reduce persistent unemployment and poverty levels, which impact the country’s micro-economic and macro-economic activities negatively. Overcoming these challenges requires a refocus on the role of social entrepreneurship in job creation, the improvement of the standard of living, a reduction in the poverty level as well as an increase in social growth and development, as entrepreneurship has been recognized as a key ingredient for economic growth and development. This refocusing was demonstrated by discussing how social entrepreneurship and humanism can make a positive contribution to the micro and macro growth of the community and of the nation at large. Reviews of recent and relevant literatures on the predictor and criterion variables revealed that social entrepreneurship leads to improved welfare of the society. The improved welfare of society adjusts to the pressing needs of the people by providing various packages of solutions for the problems that the people experience, as the provision of solutions is an important aid to improved economic standardization. Moreover, it is obvious that the solution to this global challenge lies in human support and human actions in this global trying time.