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Research Paper (postgraduate) from the year 2022 in the subject Economics - Job market economics, grade: A, University of Calabar (Faculty of Arts & Social Science Education), course: The Structure and Organization of Social Studies and New Education Initiatives, language: English, abstract: This paper explores the effectiveness of entrepreneurship in job creation, hence, underlining the importance of the MSMEs sub-sector in the socioeconomic development of the Nigerian economy. Nowadays, the burden of job creation is not solely placed on the shoulders of the government alone but, has become a joint-venture effort between the public and private sectors. On this premise, the paper seeks an enduring answer to this prevalent phenomenon in entrepreneurship development. So, the paper is divided into subheadings, covering the introduction, conceptual explications, theoretical discourse on MSMEs as the driving force of socioeconomic development, and the role of entrepreneurship in the socioeconomic development of Nigeria. The paper concludes by noting that, the transformation of Nigeria's education system into entrepreneurial-based is a way of empowering the young generations with practical skills that could help them become self-reliant (self-employed), thus reducing the increasing social vices and consequences of unemployment. Among others, it was recommended to incorporate entrepreneurship in our school curriculum where vocational subjects would become compulsory right from Upper Basic Education level through tertiary education level to train, prepare, and develop the economic mindset of the younger generations and decrease the high level of unemployment.
High foreign aid dependence, poor human capital, rising high youth unemployment and poverty are just some of the reasons that Africa represents such a striking symbol of global inequality today. In this book, the author draws on his research and experience of working with key stakeholders to explore how Africa can take advantage of the knowledge economy and 4th Industrial Revolution opportunities to rebuild from the Covid-19 pandemic and empower its people and encourage entrepreneurship. Entrepreneurship and Sustainable Development in Africa is a book the African political class, economic policy and development experts, the donor community, academic researchers and students of business and international development can rely on for a better understanding and solutions to Africa’s historical and contemporary socio-economic problems. Paschal Anosike is Associate Professor of Entrepreneurship and Innovation and the founding Director of Centre for African Entrepreneurship and Leadership (CAEL) at the University of Wolverhampton.
Monograph discussing the role of entrepreneurship in the economic development of Nigeria - covers labour demand and labour supply of managers and entrepreneurs in relation to size of enterprise, the extent of indigenization, the influence of educational level on entrepreneurial efficiency, etc., presents a economic policy of Nigerian business and includes case studies based on the shoe and leather industry. Bibliography pp. 265 to 284, graph, map, photographs, references and statistical tables.
This book outlines the unique challenges and opportunities of doing business in Africa, analysing how varying degrees of development across its countries affects entrepreneurship. Taking into account historical and cultural contexts, the authors approach the topic by evaluating the different possibilities of business opportunity in Africa. Insightful contributions explore an extensive range of African countries, discussing both formal and informal entrepreneurship, as well as the different factors that influence the growing economy of Africa. African Entrepreneurship will be of interest to anyone researching the potential of doing business in Africa, as well as entrepreneurs and policy-makers looking to expand their knowledge on how businesses are managed in this region.
Research Paper (undergraduate) from the year 2019 in the subject Business economics - Company formation, Business Plans, grade: A, , language: English, abstract: This work examines the relationship between government policies on entrepreneurship and new venture creation in Akwa Ibom, Nigeria. In specific, some of the objectives include to determine the relationship between loans/credit facilities and start-up motives in Nigeria, to examine the relationship between loans/credit facilities and innovativeness in Nigeria and to investigate on the relationship between loans/credit facilities and risk taking in Nigeria. In Nigeria, different administrations at various times have geared their efforts towards developing its entrepreneurship. Several developmental and financial assistance instruments were employed. Similarly, many scholars have written widely on entrepreneurship and its potency to generate employment through the establishment of new ventures, thus, under-scoring the essence, significance and relevance of this sub-sector in the development of any given economy.
"Cross border business transactions have become increasingly important due to new norms of doing business so this book captures the multi-faceted outlook on international business phenomena particularly when cross border businesses were severely affected by the worldwide pandemic"--
Entrepreneurship has been positioned as a panacea to the economic development challenges facing Nigeria. Subsequent Nigerian governments have sought to foster a vibrant entrepreneurial class by investing in entrepreneurship education at the tertiary level. While that investment has yielded increased levels of entrepreneurial participation, it has had limited impact in terms of entrepreneurial business growth. Thus, there emerges a need to understand what factors influence entrepreneurial business growth in Nigeria and how successful Nigerian entrepreneurs learn to grow their businesses to inform future national human resource development (NHRD) policy. Consequently, this study explored how successful entrepreneurs in Nigeria learn to grow a business and identified what knowledge, skills, and abilities they used to facilitate business growth. In addition, the study explored the factors that Nigerian entrepreneurs thought influenced business growth. Using grounded theory as a research methodology, I conducted interviews with twenty successful Nigerian entrepreneurs to obtain data. The data indicated that successful Nigerian entrepreneurs are self-directed learners who engaged in a range of learning activities in which micro-learning processes incidentally occur. Further, participants identified eight task-related knowledge, skills, and abilities they relied on to succeed. They described five factors they believed influenced entrepreneurial business growth and noted that these factors influenced business growth in different ways. The data suggested that the human capital of the entrepreneur mediates the influence of the business environment on enterprise growth. Further, the data strongly indicated that the human capital of the entrepreneur, conceived as discrete task-related knowledge, skills, and abilities developed over time, was the most important factor that determined whether business growth occurred. Overall, the study advances our understanding of the role of learning in entrepreneurial growth in Nigeria and highlights the need to develop holistic NHRD policies that seek to develop the human capital of the entrepreneur, and the institutional environment to increase entrepreneurial success in Nigeria and engender economic development. The study offers recommendations for policy makers, educators in Nigerian Universities, entrepreneurs at large, and suggestions for future research.