BUILDING SUSTAINABLE ENTREPRENEURSHIP IN NIGERIA ECONOMY

ABSTRACT

The research work. Building Sustainable Entrepreneurship in Nigeria Economy: issues and prospect, is intended to introduce the readers to the entrepreneurial capacity building roles in most natures of the world. The impetus for sustainable entrepreneurship building emerged is the industrialization nations and fast developing economics of the would as a result of the needs for economy form, restructuring, socio – economic development and for the over all management of the economy of the entrepreneurs who are forces or agents of change: capable of initializing economic growth, development and industrialization.

Entrepreneurship constitutes the real fabric of a nation’s economy and to a large extent determines the inability of an economy. Based on these benefits, many countries are not involved in the programme of sustainable entrepreneurship building

However, efforts at encouraging entrepreneurial development are more pronounced, systematized and properly coordinated in the advanced countries and industrializing countries. Thus the present and future economic advancement of recessive economy like Nigeria his on the activities of these key entrepreneurs who an agents of economic change that can put the derailed economy back or track

However, this work is organized into five chapters. Chapter one, which is introduction, focuses on the background of the study, statement of the problem, objective of the study, researcher question, significance of the study, scope, limitation of the study and operational definition of the concepts and terms used is the study.

Chapter two centre on the review of the related literature, relevant to the field of study. Among areas of relation literature review include the concept and scope entrepreneurship in Nigeria, problems affecting entrepreneurship development in Nigeria, environment factors affecting entrepreneurship development, essential requirement for successful entrepreneurship, entrepreneurship development process, entrepreneurial motion process and the challenges of sustainable entrepreneurship development for Nigeria

Chapter three deals with the methods of research used is carrying out the research work, where as chapter four centers on the presentation and analysis of data that validate the research finding.

Chapter five, which is the last part of the work, is the summary of the findings, recommendation, conclusion and areas for further research.

CHAPTER ONE

Introduction

1.1 Background Of The Study

In the past, Nigeria relied much on importation good and oil export trade, which tremendously affected our economy because use emphasis was give to other sectors. Nigeria is now facing an economy crisis of a magnitude which one never experienced is her early days of independence.

After the day’s f the oil boom is the 1970, the economic and social condition began to deteriorate; the position has remained negative since 1981.

In 1986, the monetary and credit policy measure were adopted to achieve an accelerated growth is the national output reduce the high rate of unemployment through entrepreneurship development programmes. Since then, both private individuals and government are now placing emphasis on the promotion of indigenous enterprise is order to build sustainable entrepreneurship is the Nigeria economy.

As a result, entrepreneurship is Nigeria gradually emerged as a focus and a tool for economic growth and development small – scale enterprise from the principal catalysts of entrepreneurship development.

Entrepreneurship constitute a vital engine and main streams in the place of economic growth and development is because it helps in the stimulation of indigenous entrepreneurship, lead to the transformation of traditional industries creates employment opportunities has linkage affects (it link up the various sectors of the economy) make more effective use of resources (raw materials, capital and labour) generate income (locally and externally) provides training and learning grounds for people at all level and functions.

In pursuance of these benefits outlined above there is a need for building sustainable entrepreneurship Nigeria economy. An economy ill not be seen to be performing fine unless it is continuously setting new record of entrepreneurship, employment and full utilization of resources at all levels and functions.

Building sustainable entrepreneurship is therefore desired towards economic growth and development. Entrepreneurship development viewed from this background becomes very essential in Nigeria as it helps in revive the economic situation.

Based on the fore going sustainable entrepreneurship building in one of the instruments for repositioning the country economy. It is a developmental tool that determines the nation’s economic viability and it also aimed at economic growth, development and sustainability

1.2 Statement Of The Problem

A country stands to benefit immensely through full diversification of the economic sectors. The industrialized nation seems to be deriving the maximum gain from this exercise. The developing nature (including Nigeria) hare has been subjected to economic crisis, uneven economic growth and development. This is due to little or no attention given to some sectors of the economic during the day of the oil boom

This tremendously affected our economy. The outcome of such negligence was catastrophe to early entrepreneurial development, high rate of unemployment, ineffective and inefficiency utilization of resources, necessitating more import then export, balance of trade and payment problems and economic recession.

To this effect, the researcher wants to access the following problems

The poor entrepreneurial development in Nigeria economy when compared with other industrialized nation is as a result of poor attention give to it at the easily stage and poor diversification of the economy sector
Most entrepreneurs are faced with financial constrains and poor entrepreneur skills.
Poor motivation encouragement and absence of technical and managerial advice retard the growth of entrepreneurship.
Lack of conducive entrepreneurial environment and other enabling factors militate adjust sustainable entrepreneurship development.
Many indigenous entrepreneurs adopt a very narrow concept of their functions. They devote part of their business hours to polices and extravagant living rather than exparting and creating of larger enterprise

1.3 Objective Of The Study

Having stated the problem this work lead to achieve the following

To determine the importance of entrepreneurship as one of the key factors for economic development.
To examine the efforts aimed at encouraging entrepreneurial development in Nigeria
To determine the extent that entrepreneurial skill and career can be built
To determine entrepreneurial attitude / trait and environment accord for success.
To suggest wage of encouraging people into interposing especially the especially the pouring school learners, the graduates those that posses natural skills and traits.

1.4 Research Question

For the purpose of this study, the following question was asked:

What impact does entrepreneurship has is the Nigeria economy
How can a suitable entrepreneurship be built in a recessive economy?
What factors account for success and sustainability in entrepreneurial?
What roles can the government financial institution supporting agencies and private individual play is entrepreneurial promotions?

1.5 Significance Of The Study

The march toward industrialization, economic growth and development have been marked by some important events which entrepreneurship is one of the principal catalysts (small, medium and large scale enterprises) and it constitutes the real fabric (structure) of a nation economy. The present and future economic advancement of Nigeria his on the entrepreneurial industrial value of the country.

The researcher believes that this study, by finding out the essence of building sustainable entrepreneurship and the inherent impact of entrepreneurship development will help to enlighten Nigerians on the need to reposition entrepreneurship “as a lay ideas by which we understand the transition of human society into industrialization” the researcher’s view also on the rapid economic change envisage should entrepreneurship promotion be given proper attention.

When the finding of the study by finding are determined, and practically applied, the over – whelming effects of entrepreneurship of the nation’s economy will be felt as there will be good standard of living, more job opportunities, and effective and efficient utilization of resources and stunning increase of industrialization.

1.6 Scopes Of The Study

The research work on building sustainable entrepreneurship in Nigeria economy: issues and prospective and other fast developing countries / economics. However, due to limited financial and time resources, the study has to concentrate on Nigeria economy only using on indigenous enterprise as a case study

In the course of the research work, many problems were encounter in terms of finance, time, lack of material and the attitude of the workers of the firm under case study.

1.7 Limitation Of The Study

Finance

The financial straight of the researcher is a major setback, as it made things a little bit difficult most especially in the area of transportation for search of materials

Time constraint

Due to time factor, coupled with academic works and as well other pressing equipments, the researcher was not able to early out in –depth research on the topic

Lack of materials

The major limitations which the researcher encountered is the non availability of enough materials that cover the subject under review

Attitude of the workers

The researcher topic being a very sensitive one made the company

Workers and managers to board information because of competitive advantage. The work was therefore based on the limited information and data made available to the researcher.

1.8 Definition Of Term

There is need to give on operation definition of some important terms used on the researcher works. The term is;

Enterprise:

The is a business venture or project. It is also the refines to attempts or to engage in a venture.

Industrialization:

This is a high level of economic revolution / transformation. Industrialization is also a state of being industrialization and advanced in economic operation.

Development:

Development is an act, process or result of developing .Also, it, is the state of being improved.

Economy:

This is an act of managing the affairs of a group, community or society it is also the study of a economic life in a country.

Economic sector:

This is the part of the economic/ nation activities which could be preferred and non preferred sector.

Economic growth:

This implies a position change is a economy. It also means increase in size of the economic operation (it is after concerned with production, distribution and distribution and consumption pattern of a society)

Economic development:

This means sustainable economic growth plus socio – cultural, legal, political and ethical emancipation with positive changes that enhances good standard of people living.

Entrepreneurial traits:

This is entrepreneur’s personnel profiles or characteristics that account for a business success

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …

Procedure for Downloading the PDF (Docx) Material

Building Sustainable Entrepreneurship in Nigeria Economy can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.

Seminar Material Cost
₦3,000

Project Material Cost
₦5,000

Request Complete Material

Click here to request the Complete Material via WhatsApp including;

Preliminary Pages,
Chapter 1-5,
References and Appendix.

TABLE OF CONTENTS
PRELIMINARY PAGES

Title page
Approval page
Dedication
Acknowledgement
Table of Contents
Abstract
CHAPTER ONE
INTRODUCTION
1.1 Background …
⋮
CHAPTER TWO
LITERATURE REVIEW
2.1 Introduction
2.2 Conceptual Review
2.3 Theoretical Framework
⋮
2.4 Empirical Studies
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Population of Study
3.4 Sampling and Sampling Technique
3.5 Validation of Research Instrument
3.6 Method of Data Collection
3.7 Method of Data Analysis
3.8 Questionnaire Administration
3.9 Ethical Consideration
3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
4.1 Introduction
4.2 Presentation and Analysis of Data
4.3 Re-statement of Research Questions
4.4 Test of Hypotheses
4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Introduction
5.2 Summary of Findings
5.3 Conclusion
5.4 Recommendation
5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”

Disclaimer for Complete Material Utilization
The displayed research work titled "Building Sustainable Entrepreneurship in Nigeria Economy" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.

Frequently Asked Questions (FAQ)

Can the material for “Causes of Fraud in the Nigeria Banking Industry” be used as a guide for Banking and Finance (BF) Project?

Yes it can be used — First and foremost, this topic, “The impact of monetary policies in the liquidity of and profitability of commercial Banks in Nigeria” is of a high significance to the financial sector of Nigeria. The monetary policy is designed by the CBN to influence the behaviour of the monetary sector in the monetary variables or aggregates. In investigating the impact of monetary policies on the liquidity and profitability of commercial banks in Nigeria, interview schedule and questionnaire were drafted. A total of thirty (30) copies of the questionnaire were randomly -distributed to staff of two commercial banks − Union bank and First bank and out of which, twenty six copies were returned while the other four could not be retrieved as a result …

Is the topic “Assessment of Potentials of Waste to Wealth” recommended for Environmental Science Project?

Yes it is highly recommended — Municipal solid wastes re-use and recycling have multiple socioeconomic and environmental benefits that have not been adequately examined in Zaria, Kaduna State, Nigeria. The objectives of this research are to: examine the socio-economic and demographic characteristics of waste management entrepreneurs; identify the sources and destinations of recyclable municipal solid waste; analyse the quantity of waste materials (metal scraps, plastics and cans) recovered, reused and transported for recycling; identify the type of uses recyclable materials are put into in the study area; and examine the socioeconomic benefit of waste re-use and recycling. A total of 252 scrap metal/plastic collectors, scavengers and artisanal recyclers‘ were studied using purposive and snowball sampling techniques. Tables, percentages, charts and multiple linear regression techniques were used …

Can the material for “The Effect of Exchange Rate on the Nigerian Balance of Payments” be used as a guide for Economics Project?

Yes it can be used — This work sets out to examine the relationship between balance of payment and exchange rate. The work is divided into five chapters; chapter 1 gives a general introduction to the subject matter, chapter two gives the general review of literature in the subject matter, chapter 3 gives or states the methodology and specifies the model used for testing. Chapter four runs the required test and provides the result as well as the interpretation and chapter five concludes the findings and recommends policy for the government based on the findings in the test.The ordinary least square regression (ols) method is used to test for R-squared test (explanatory power of the variables), T-test for the reliability, F-test for the overall significance of the …

Can the material for “The Problems and Prospects of Social Marketing in Nigeria Manufacturing Organisation” be used as a guide for Business Administration and Management (BAM) Project?

Yes it can be used — The aim of this research work is to appraise “problems and prospects of social marketing in Nigeria manufacturing organization. The objectives of this research work include the following; to investigate whether the Nigerian manufacturing sectors have an in-depth knowledge of social marketing practice. To investigate the problems encountered by Nigerian manufacturing sector in their social marketing sector. For a successful completion of this researcher made use of both primary and secondary methods of data collection for information gathering. Primary data were collected through questionnaire administration, oral interview, and personal observation. Secondary data were collected through periodicals and journals, textbooks and lecture note, books and internet. The data collected were presented in table and analyzed with simple percentages while the hypotheses stated were …

Can the material for “Assessing the Impact of Poverty on Maternal and Infant Mortality” be used as a guide for Applied Science Project?

Yes it can be used — This research work consider the impact of poverty on maternal and infant mortality in Jos North Local Government area. Maternal and infant mortality are not new concept in the social and medical sciences. They both pose serious threats to human survival especially in the future generations it is a saying, that the future of any society depends on the health condition of the women and the young population. The sustenance of the society and the economy largely depends on these two groups, to this end, their health and security is of utmost importance so as to avert feeling endless, depression and loss of lives. In order to assess the impact of this menace in our area of study, the researcher adopted …

Can this topic “Appraisal on the Impact of Effective Credit Management on the Profitability of Commercial Banks” be used for Banking and Finance (BF) Project?

Yes it can be utilized for research — This study is focused on the impact of effective credit management on the profitability of commercial banks. The study is divided into five chapters. Chapter one deals with introduction, general over view of the study, statement of problems, objectives of the study, limitation and definitions of the terms. Chapter two consist of general introduction of research topic and of literature review. Chapter three deals with research methodology, research design, and source of data, population and sample size and method of data. Chapter four deals with the data presentation, analysis and test of hypothesis. Chapter five consists of summary, conclusion and recommendation. From the research work, research recommendation which reveals that credit mangers deals with various credit appraisals effective management should be adopted …

Can the material for “Studies on Diversity of Frogs and Toads Species” be used as a guide for Agricultural Economics and Extension Project?

Yes it can be used — The study is aimed at examining the Diversity of Frogs and Toads Species. In achieving this aim, the following specific objectives were laid out to identify the number of individual species frogs and toads found in the study area, examine the species of toads found on along the study area, identify the form and Function of Frogs and Toads, and examine the Features and Classification of Frog Species. Frog and toad belonging to the order Anura, which, because of their wide distribution, are known by most people around the world. The name frog is commonly applied to those forms with long legs and smooth mucus-covered skins, while toad is used for a variety of robust short-legged forms, especially those with …

Can the material for “Poultry Farming: A Veritable Tool for Economic Empowerment” be used as a guide for Agricultural Engineering (AE) Project?

Yes it can be used — This project work is primarily designed to provide complete understanding of poultry farming as an economic tool commercial poultry farming is practiced by most rural households throughout the developing world; despite the fact that its contribution to livelihoods appears to be of little nominal value when observed by researchers and other outsiders. This project utilizes sustainable livelihood framework to view how commercial poultry contributes to households. The method of data collection for the project are through: questionnaire, personal interview, observation while the data collected were analyzed with the use of Chi-square in the testing of hypothesis. It was asserted that employment opportunity can be enhanced by the engagement of Nigerians in poultry farming as a venture. …

Can the material for “Online Birth Registration Monitoring Information Record System” be used as a guide for Information System Project?

Yes it can be used — This project is specially put together with the aim of monitoring infant and matality rate through the use of information system, it is believed that at the end of this work, its users would be able to know the importance involved in monitoring birth rate on every born child that is being born in the country, so as to enable the federal ministry of health through the United Nation Children Fund (UNICEF) to actually use effective major in its monitoring process. In view of this, a careful study and understanding of this research will assist user to know actually that it is through this practice (birth rate monitoring information system) that it generate quantitative data on the economic activities of …

Can the material for “The Impact of Accounting Records on Performance of Business Organisations” be used as a guide for Accountancy / Accounting Project?

Yes it can be used — The study investigates the study is to examine the Impact of Accounting Records on Performance of Business Organisation in Nigerian bottling Company PLC in Ado-Odo/Ota Local Government. In achieving this aim, the following specific objectives were laid out to determine the nature of accounting records, determine the standard and relevance of accounting information, appraise the impact of accounting records on the performance of business organization, and determine the impact of accounting records on the performance of Nigerian bottling company plc. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. Primary data were collected from the primary source which questionnaire was used as an instrument of data collection …