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PROJECT TOPIC: Importance of Entrepreneurship Development in a Developing Economy

Importance of Entrepreneurship Development in a Developing Economy

 

ABSTRACT

 

This study examines the importance of entrepreneurship development in a developing economy like Nigeria. The need for moderate standard of living and employment creation to help the Nigerian industrial workers is one of the reasons for this research. Possible solutions were given to solve the problem of entrepreneurship development in Nigeria. Questionnaires, personal interview and observation were carried out on staff of Igueben Local Government council, customers and owners of some selected business in Edo State without bias.

Hypotheses were formulated and tested. The statistical technique used to analyze the data collected includes simple percentage and chi-square. It was discovered that small scale industries are making meaningful contribution to socio-economic development and growth in Nigeria, especially in the areas of employment generation and utilization of local raw materials etc and based on these, the need of entrepreneurship development research needs to be looked into. It is to conclude that business operators should be assisted by way of finance and information management.

 

CHAPTER ONE

INTRODUCTION

1.1     Background to the Study

The role of entrepreneurship in economic development involve more than just increasing for capital outfits and income, it involves indicating and constituting change in the structure of business and society. This change is accompanied by growth and increase in output, which allows more wealth to be divided by various participants. Therefore, this project “the importance of entrepreneurship development in a developing economy” using Edo State as a case study (some selected business) is aimed at finding out the contributing of small scale enterprise to the economic growth and development of our country, Nigeria.

As such, the project also tends to look at its contribution to rural industrialization, encouragement of indigenous entrepreneurship, income distribution and utilization of local raw materials, although the ultimate aim to economic development is to create opportunities for personal fulfillment through economic activities.The present situation of Nigeria economy, when compared with what was obtainable decades ago, give and indicate that Nigeria is fast developing economically among other things, creation of employment opportunities, create condition which proved to be helpful in reducing the gap between the rich and poor.

Despite the improvement of development in our economy (Nigeria) generally this research work hopes to cover the contribution of entrepreneurship development to Nigeria economy. The above premise therefore calls for the aim of this research the importance of entrepreneurship development in a developing economy, using Edo State as a case study.

 

Importance of Entrepreneurship Development in a Developing Economy

 

 

1.2     Statement of the Problem

The following are some of the statement of the problems in this study:

  1. The importance of entrepreneurship development in a developing economy,
  2. The contributions of entrepreneurship to the economy,
  • For this reason, the work stated in the question therefore is, the role entrepreneurship play in the economy.
  1. It is in view of this, that this study is embarked upon the look of areas that can really make contribution to the national economy which entrepreneurship development is part and parcel of using Edo State as a case study (some selected business).

 

Importance of Entrepreneurship Development in a Developing Economy

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