Fifty Years of Entrepreneurship Development in Nigeria: Challenges and Prospects.
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Date
2011
Authors
Oghojafor, B. E. A.
Okonji, P.S.
Olayemi, O.O
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Abstract
Entrepreneurship has been globally taunted as a means of promoting economic growth and
development. This is achieved through the generation of greater employment opportunities, the
development of local technological base, import substitution and sources of foreign exchange
earnings. It is in recognition of these immense contributions that successive Nigerian governments
since independence have made several attempts at promoting entrepreneurship and small
business development. The study focused on the entrepreneurship and small and medium
enterprises (SMEs) initiatives of successive Nigerian government. With the aid of structured
questionnaires and personal interviews, relevant information was elicited from respondents’
academia entrepreneurs and investment experts. The study revealed that such initiatives failed
abysmally due to over bearing bureaucracies, corruption, inadequate and inefficient infrastructural
facilities and maladministration. The government was admonished to show greater commitment to
entrepreneurship and SMEs programs. The appointment of proven men of integrity and expertise is
a sine qua non for effective implementation of such initiatives devoid of undue political interference
and corrupt tendencies.
Description
Staff publication
Keywords
Entrepreneurship , Economic Development, , Corruption , Employment Generation
Citation
Oghojafor, B. E. A., Okonji, P.S. & Olayemi, O.O (2011), Fifty Years of Entrepreneurship Development in Nigeria: Challenges and Prospects. 10th International Entrepreneurship Forum, Tamkeen, Bahrain,