THE IMPACT OF FOREYEN CAPITAL ON ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA (A CASE STUDY OF ENUGU STATE). A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
The objective and aim of his dissertation is to examine the impact of foreign capital on entrepreneurship development in Nigeria.
The data for this study was collected through the distribution of questionnaires to the entrepreneur. The responses were supplied by the respond coils and they were analyzed using-simple percentage and chi square for which conclusion we drawn and later recommendation were made on the basis of the findings.
Finally, the results of this shows that :
(1) Multi lateral organizations foreign government and private investors provide foreign capital for entrepreneurship development in Nigeria
(2) Foreign capital increase loanable funds for Nigeria entrepreneurs, providers funds for importations of foreign machinery.
(3) Nigeria entrepreneurship can also arise foreign capital from international capital markets which multinational companies indirectly finance entrepreneurship development in Nigeria.
BACK GROUND OF THE STUDY
The current emphasis on entrepreneurship development is informed by the protracted economic down lows unemployment situation of the country, Eugbaja, 2001:22 Hitherto, everyone looked into the government as the provider of employment opportunities. Many Nigeria did not think of self-determination as an alternative to government employment. But the worsening unemployment’s situation currently praying the country has changed this thinking short of attain lives many gradualist and school leavers as wed as other Nigeria are now moving in guest of self termination by lunching them selves unto various business failure (Eze 1997:34)
In recognized of the need of foreign capital to enhance entrepreneurship development in Nigeria the federal government has introduced a series of policy packages that are designed to attract foreign investment in the Nigeria small and medium enterprises sub-sector. In an attempt to diversify of the economy and stimulate foreign private enterprises development government agencies and private institution are creasing with international organisation enhance the letters participation in different entrepreneurship development activities in Nigeria (ENYISA 2001:19)There are international organisation involved in promoting small business and entrepreneurship in different parts of the world (ATOLABI,2001:22)in addition to providing foreign capital these international organizations also provable technical assistance for these African countries. It is against this background that this study is set to examine the impact of foreign capital on entrepreneurship development in Nigeria.