The Role of Entrepreneurship in Economic Development: The Nigerian Perspective

Ann Ogbo · Agu Chidiebere Nwachukwu

71 citations0/0 files storedEuropean Journal of Business and Management

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Entrepreneurship Studies and Influences Economic and Industrial Development Firm Innovation and Growth

Abstract

The aim of the paper is to develop and analyse the contributions of entrepreneurship in the economic development through SME development in Nigeria. A total of 100 SMEs were randomly selected from a cross section of a population of all SMEs spread around some states of Nigeria and covering virtually all forms of enterprise. Participants were selected through a simple random sampling. The responses to the questionnaires were complemented with personal interviews of some SMEs operators. The responses of the participants were analyzed using the statistical package for social sciences (SPSS), which generated the frequency distributions, means, standard deviations, chi-square statistics, analyses of variance, etc of the responses. The hypotheses of this research which were tested at 0.05 level of significance using chi-square statistics hinged on identifying the greatest problem which SMEs face in Nigeria, the identification and ranking of the top ten problems or challenges of SMEs in Nigeria and the relationship between the form and nature of the business enterprise and its sources of funding for its operations. The major findings of this study include the following: SMEs have played and continue to play significant roles in the growth, development and industrialization of many economies the world over. In the case of Nigeria, SMEs have performed below expectation due to a combination of problems which ranges from attitude and habits of SMEs themselves through environmental related factors, instability of governments and frequent government policy changes etc. Promoters of SMEs should thus ensure the availability or possession of managerial capacity and acumen before pursuing financial resources for the development of the respective enterprise. Keywords : key words Entrepreneurship, SMEs, Economic development

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 71 citations exist upstream.

References

1985Innovation and Entrepreneurship 2005Research methods in the social sciences 1999Linking Entrepreneurship and Economic Growth 1985Innovation and Entrepreneurship: Practice and Principles 1968Questionnaire Design and Attitude Measurement.1967Questionnaire Design and Attitude Measurement.1960Research Methods in Social Relations.1998Entrepreneurship and economic growth

Cited by

2017The role of entrepreneurship education in shaping entrepreneurial action of disabled students in Nigeria 2015THE EFFECT OF ENTREPRENEURSHIP ON ECONOMY GROWTH AND DEVELOPMENT IN NIGERIA 2018Entrepreneurial learning – a social context perspective: evidence from Kenya and Tanzania 2020Financial Literacy Imperative for Success of Women Entrepreneurship 2021Acceleration of performance recovery and competitiveness through non-banking financing in SMEs based on green economy: impact of Covid-19 pandemic 2014A Systematic Framework for Entrepreneurship Education within a University Context

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.