An evaluation of the impact of napep on entrepreneurship. A panacea for rural development in nigeria sahel analyst. For many years, formal education had privileges in nigeria. Today we go memory lane to how entrepreneurship started and how it has evolved. This paper discusses the need for entrepreneurship education in nigeria geared towards enhancing sustainable development in the country. The personnel involved in this research work were drawn randomly from the upper, middle and lower management level of the organization.
Since entrepreneurship skills remain vital in the real sector and the sustenance of economic development, it has become imperative for government to pay attention to this subsector. To look at the facilities provided by nde in the development of entrepreneurship in nigeria. Etefia 2004 argued that improvement in infrastructural development is paramount to tourism entrepreneurship development. The great need for entrepreneurship development in nigeria today, more than ever, is. The effects of inadequate funding on infrastructural development in education sector in nigeria educational funding is the amount of money devoted to the development of education. The development of an infrastructure for entrepreneurship. Yet, other studies examine the effects infrastructural development and the. Pdf the study investigated the effect of entrepreneurship growth on infrastructure development in emerging economies of nigeria, brazil and. There have been several studies that have investigated the relationship that exist between infrastructure development and economic growth. Issues, challenges and prospects of small and medium scale. Assessing the prospects and problems of entrepreneurship. Entrepreneurship development in nigeria science arena. However, despite the increased call for entrepreneurship, it still requires much improvement.
Entrepreneurial challenges in nigeria iosr journals. In nigeria under investment in infrastructural development could be a bane to her vision of becoming a top 20 economy by the year 2020. School of distance education entrepreneurship development 7 opportunities and creating values. Pdf effect of entrepreneurship growth on infrastructure. The role of entrepreneurship in transforming the nigerian. Problems such as infrastructural inadequacies, regulatory challenges and corruption were found to be some of the obstacle for entrepreneurship performance in lagos, nigeria.
Department of marketing faculty of business studies rufus giwa polytechnic, owo, ondo state, nigeria email. He or she has the idea, concept of new production to render to people in the country. This paper has attempted infrastructural development and its effect on economic growth. Globalisation and entrepreneurial development in nigeria. Infrastructural development in nigeria a panacea for. The historical background of entrepreneurial development in nigeria. Download the complete accounting project topics and materials chapter 15 titled the significance of tax incentives and infrastructural development on entrepreneurship in nigeria here on projects. We use cookies to offer you a better experience, personalize content, tailor advertising, provide social media features, and better understand the use of our services. The role of entrepreneurship development in nigeria economy, a case study of the hungry man restaurant wuse ii abuja.
Concept of entrepreneurship and entrepreneurs traits and. A study on factors affecting entrepreneurial development. However, the results emanating from these studies have been inconclusive. This paper is one of the first studies to examine the link between infrastructure and entrepreneurship. This research work covers the period of 20152016, and does not go beyond the topic. Infrastructure development and economic growth nexus in.
The study seeks to assess the prospects and problems of entrepreneurship development in nigeria, ascertain the challenges of entrepreneurship development in nigeria. The prospects of small and medium scale enterprises in this 21st century africa include economic growth and development, source of employment and improvement in the welfare of people. Analyses also show that entrepreneurship development in nigeria is mainly hinged on necessity. Achie the role of national directorate of employment nde in entrepreneurship development in nigeria 24 international journal of research in business studies and management v3 i4 april 2016 2. The need for entrepreneurship development in nigeria has never been so high in the history of the country. The role of national directorate of employment nde in. Entrepreneurship and economic development in nigeria. The focus of this research an evaluation of the impact of napep on entrepreneurship development in nigeria was to access the impact of entrepreneurship activities in nigeria, a case study of imo state. A mutual correlation exists between infrastructural development and economic growth in nigeria. Relationship exists between socioeconomic, political and environmental factors and the development of entrepreneurship in nigeria. However amabile 1996 and ward 2006, opined that entrepreneurship and innovative business behavior have been synonymously described as an. The programme was designed by the government to cater for unemployed youth and. The study was carried out at ilorin, capital city of kwara state, nigeria. The reason for this is the huge number of the challenges that entrepreneurship development in.
Evidence from enterprise development in nigeria farayibi, adesoji centre for allied research and economic development ibadan. They are also perceived as the key to nigerias economic growth, poverty alleviation and employment generation. A panacea for sustainable development in nigeria 82 search of whitecollar jobs. It is necessary and possible to position nigerian universities to stimulate economic growth through a deliberate agenda of production of entrepreneurial graduates. The study used government capital expenditure as a proxy for infrastructure development. Given the generally held view that entrepreneurship development is the key to poverty eradication, employment generation and rapid economic development, various governments in nigeria have, over the past three decades, evolved policies and programmes, aimed at developing entrepreneurship through the development of small and.
Entrepreneurial development barriers in a developing nation 6 1 introduction 1. Investment in infrastructure is an integral part of economic growth and cannot be avoided in the 21st century. This paper examines the impact of infrastructural development on economic growth and poverty in nigeria. Moreover, our findings still reveal that the infrastructural constraints financial problems which are key challenges confronting entrepreneur. So in this article, researchers provide various definitions of entrepreneurship, entrepreneurship and entrepreneurial activity background and theoretical basics of the issue entrepreneurship which has an important role in. Entrepreneurship education and national development in nigeria youth unemployment is a major development challenge in the african continent. The following research questions will be answered in order to identify and examine entrepreneurship development programme in nigeria and proffer solutions to them. Most of the modern manufacturers are engaged in individual entrepreneurship and retail trade. Tourism entrepreneurship as correlate of employment.
People could be in public service with a high economic development. Because infrastructure can enhance connectivity and linkages that facilitate the recognition of entrepreneurial opportunities and the ability of entrepreneurs to actualize those opportunities, a hypothesis is developed suggesting that startup activity is enhanced by infrastructure. Nigeria government commitment in provision of basic amenities of life such as electricity, good roads, pipe borne water, communication network of standard, improvement of facilities of hotels and guest houses and provision. Introduction nigeria, the most populous country in africa, is naturally endowed with millions and millions of acres of arable land, 38. Entrepreneurial development barriers in a developing nation core. The role of entrepreneurship in transforming the nigerian economy 1. Infrastructure development this report focuses on the participation of africas seven new and emerging partners neps in africas infrastructural development brazil, china, india. Nigerian government, unlike many other african countries, was not overly hostile to the.
Nature and characteristics of entrepreneurship features of entrepreneurship are summarized as follows. International journal of development and economic sustainability vol. This article investigated the role of microfinance banks in entrepreneurship development in nigeria and some selected countries. Towards these ends, this paper is divided into five sections. However, with a rising debt profile, nigeria must begin to consider alternative strategies for securing funds outside of borrowing.
One should look at the development of entrepreneurship from the classical viewpoint. The historical background of entrepreneurial development. History of entrepreneurship in nigeria and government. There has been clamor for entrepreneurship in recent times and this will help to throw light on the history of entrepreneurship globally, its evolution, history of entrepreneurship in nigeria, and the role of government in improving the entrepreneurial landscape in nigeria. In short, entrepreneurship is the process of creating a business enterprise. See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. Entrepreneurship development and employment generation in. Several studies on entrepreneurship concentrate on the contribution of entrepreneurship to sustainable economic development, job creation, innovation and resource allocation, but there is a little attention on effect of entrepreneurship training and education on poverty alleviation, especially in lagos state.
Pdf this paper underscores the importance of policy formulation in entrepreneurship development in nigeria as well as the importance of. This paper underscores the importance of policy formulation in entrepreneurship development in nigeria as well as the importance of entrepreneurship in reducing the evergrowing rate of. Munich personal repec archive entrepreneurship as a driver of economic growth. According to aruwa 2011, infrastructures are of particular importance to the entrepreneur given that it is not economically viable for them to incur infrastructural. In nigeria, education is considered as a public enterprise that is funded solely by government. Entrepreneurship education as a panacea for sustainable. Entrepreneurship education as a panacea for sustainable economic development of nigeria saheed, g. Entrepreneurship education and national development in nigeria. Gap analysis according to an asian development bank report, a countrys infrastructure development should amount to a minimum of 6% of gdp to attain a reasonable level of sustainable development. Infrastructural development in nigeria in the face of a.
There were eleven privately owned sawmills factories located in various parts of the city. The role of entrepreneurship development is played by an entrepreneur, someone who has reasons to set up a business, who has goals and work hard to achieve the goals. The need for adequate supply of infrastructure has long been viewed as a key ingredient for economic growth and sustainable development, both in the academic literature and policy debates. They are labour intensive, capital saving and capable of helping create most of the one billion new jobs the world will need by the end of the century 1. Several studies have examined entrepreneurship using smes from different jurisdictions using different techniques. Issn 1117 4668 page 9 factors impeding rural entrepreneurship development in nigeria prior studies over the years have shown that establishing startups and operations of micro enterprises are influenced by challenges. Microfinance banks in nigeria and other parts of the world are recognized to be the key players in the urbanrural financial intermediation system. Entrepreneurship development in nigeria information. At this time, these people made nigerians their middle man. This study assessed the impact of entrepreneurship on economic development in nigeria.