ABSTRACT
This study examined Development of Entrepreneurship in Nigeria: Problems and prospects, using selected enterprises in Akwa Ibom State as a case study. To accomplish the research objectives, the study adopted the survey research design while the convenience sampling technique was used to select fifty (50) respondents as sample size for the study. Instrument of the study was self-developed questionnaire and the forms were personally administered. Hypothesis was formulated to guide the study and data were analyzed using the chi-square (x2) statistical tool. The findings revealed that some of the roles of entrepreneurship development are: Stimulating economic growth, enhancing self-reliance thereby reducing unemployment and rural/urban migration, while insufficient funds for financing innovations, incompetent management and poor state of technological development are some of the challenges of entrepreneurship development in Nigeria. Possible solutions to entrepreneurship development challenges in Nigeria were identified as: providing constant training and low interest loan to entrepreneurs, carrying out massive infrastructural development to enhance awareness and participation in economic activities etc while the prospects of entrepreneurship development in Nigeria were: its development will contribute greatly to economic growth, enhance the exploitation of untapped industrial opportunities, encourage the appreciation of made-in-Nigeria goods and reduce the high rate of unemployment drastically. This paper has provided useful recommendations such as, entrepreneurs should be educated to acquire proper managerial skills and should be enlighten about the danger involved in family member intruding into the business operations, the government should provide and maintain adequate infrastructural facilities in both rural and urban areas to encourage entrepreneurs to operate successfully and adequate and constant power supply and good road network should be provided and maintained. It is believed that if this recommendation is implemented, entrepreneurship development will contribute positively to be economic development of Nigeria.
TABLE OF CONTENTS
PAGES
Title Page = = = = = = i
Approval page = = = = = = ii
Certification = = = = = = iii
Dedication = = = = = = iv
Acknowledgements = = = = = = v-vi
Abstract = = = = = = vii
List of Tables = = = = = = viii-ix
Table of Contents = = = = = = x-xii
CHAPTER ONE
INTRODUCTION
- Background of the Study = = = = 1-3
- Statement of the Problem = = = = 3-4
- Objectives of the Study = = = = 4
- Research Questions = = = = 5
- Statement of Hypotheses = = = = 5-7
- Significance of the Study = = = = 7-8
- Scope of the Study = = = = 9
- Limitations of the Study = = = = 9
- Organization of the Study = = = = 10
- Definition of Terms = = = = 11-12
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 The Concept of Entrepreneurship Development = 13-14
2.2 The Meaning of Entrepreneur and
Entrepreneurship = = = = = = 14-16
2.3 Promotion of Entrepreneurship by
Government of Nigeria = = = 17-19
2.4 Contributions of Entrepreneurship to
the Economic Development of Nigeria. = = 19-21
2.5 The Risk and Constraints to
Entrepreneurship Development = = = 22-24
2.6 Prospects of Entrepreneurship in Nigeria = = 24-25
2.7 Importance of Entrepreneurship = = = 25-26
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design = = = = 27
3.2 Population of the Study = = = = 28
3.3 Sample and Sampling Technique = = = 28
3.4 Instrumentation = = = = 29
3.5 Method of Data Analysis = = = = 29-31
3.6 Problems of Data Collection = = = = 31-32
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.1 Analyses of Research Questions = = = 33
4.1.1 Responses to Research Question One = = 34-35
4.1.2 Responses to Research Question Two = = 36-37
4.1.3 Responses to Research Question Three = = 37-38
4.1.4 Responses to Research Question Four = = 39-40
4.2 Test of Hypotheses= = = = = = 40
4.2.1 Test of Hypothesis One = = = = 40-43
4.2.2 Test of Hypothesis Two = = = = 43-46
4.2.3 Test of Hypothesis Three = = = = 46-49
4.2.4 Test of Hypothesis Four = = = = 49-53
4.3 Discussion of Findings = = = = 53-58
CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of Findings = = = = 59-60
5.2 Conclusion = = = = 61
5.3 Recommendations = = = = 62-63
References
Appendix
Appendix I
Appendix II (Chart Analysis)
CHAPTER ONE
INTRODUCTION
- Background of the study
The existence of strong and sustainable small and medium scale industries is considered the best option to improve the socio-economic status of any nation. Entrepreneurship has been recognized as the engine of economic growth and development in truth, entrepreneurship development and its resultant creation of new ventures, innovations, and new start-ups in business are the sources of vitality and growth globally.
Hence, business which is regarded as the beacon stone and major catalyst for socio-economic development revolves activities of coordinating the factors of production to produce needed goods and services. All this emphasizes the invaluable role entrepreneurship development play in enhancing the state of growth and economic advancement in any nation.