The Nigerian Entrepreneur as a Tool of National Development

nigerian entrepreneur and national development
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ABSTRACT

The strategic role of the entrepreneur as an agent of economic transformation in society has been noted. As a result, all known human societies have always created veritable conditions for the existence of entrepreneurs. The impact of the activities of the entrepreneurs on the socio-politico-economic life of a nation is quite obvious. For example, in Nigeria, the small and medium enterprises sub-sector have been expanding. Their impact can be felt in the areas of employment and wealth generation, stimulation of indigenous entrepreneurship, and promotion of entrepreneurial culture. In an attempt to analyze the impact of Nigerian entrepreneurs as a tool of national development, two sets of questionnaires are used: (a) SME operators – core entrepreneurs, and (b) the general public. Each of these questionnaires has 14 questions making it a total of 28 questions in all. The researcher used a simple regression analysis to test the relationship between entrepreneurship and national development. The research findings show that entrepreneurship is an important tool of national development. However, we noted that entrepreneurs will not live up to expectations if certain things are not put in place. It was recommended that the Government should pass enabling legislation to formalize the importance of SMEs in the overall economy.

TABLE OF CONTENTS

ABSTRACT.. i

TABLE OF CONTENTS. ii

CHAPTER ONE.. 1

INTRODUCTION.. 1

1.1        Background of the Study. 1

1.2        Statement of Problem… 2

1.3        Research Questions. 4

1.4        Objectives of the Study. 4

1.5        Statement of Hypothesis. 5

1.6        Significance of the Study. 5

1.7        Scope and Limitations of the Study. 6

1.8        Definition of Terms. 7

CHAPTER TWO.. 10

LITERATURE REVIEW… 10

2.1        Conceptual Framework. 10

2.1.1             What is entrepreneurship?. 11

2.1.2             Characteristics of entrepreneurship. 11

2.1.3             What is national development 13

2.1.4             National development plans in Nigeria. 13

Pre-independence national development plan (1945 – 1956) 14

First national development plan (1962 – 1968) 14

Second national development plan (1970 – 1974) 14

Third national development plan (1975 – 1980) 15

Fourth national development plan (1981 – 1985) 15

Fifth national development plan. 16

Perspective and rolling plans (1990 – 1998) 17

NEEDS (2003 – 2007) 17

Vision 20:2020. 17

2.2        Theoretical Framework. 18

2.2.1             Education as the basis. 19

2.2.2             Human capital theory. 19

2.2.3             Action learning model 20

2.2        Entrepreneurship and National Development 21

2.2.1             Poverty reduction. 21

2.2.2             Economic growth. 21

2.2.3             Employment generation. 23

2.2.4             Promotion of entrepreneurial culture. 23

2.2.5             Overall economic development 24

2.2.6             Increase in productivity. 24

2.3        Analytical Framework. 25

2.4        Role of The SME Sub-Sector in The Economy. 27

CHAPTER THREE.. 30

METHODOLOGY.. 30

3.1        Research Methods and Approaches to Be Used. 30

3.2        Library and Desk Research. 31

3.3        Justification of the Methods. 31

3.4        Instrumentation /Tools Used. 32

3.5        Research Population And Sample Size. 33

3.6        Sampling Procedures Employed. 34

3.7        Statistical Techniques Used In The Analysis. 34

CHAPTER FOUR.. 36

PRESENTATION AND ANALYSIS OF RESULTS. 36

4.1        Introduction. 36

4.2 Distribution of Respondents. 36

4.2.1             Distribution of SMEs Operators. 36

4.2.2             Distribution of Public Respondents. 38

4.3        Analysis of Research Questions. 40

4.3.1             Research Question 1: Relationship between Growth in SMEs and Employment 41

4.3.2 Research Question 2: Relationship between SMEs and Poverty Reduction. 44

4.3.3 Research Question 3: Relationship between Entrepreneurship and Infrastructural Development 47

4.4 Test of Hypothesis. 50

4.4.1             Research Hypothesis 1: 50

4.4.2             Research Hypothesis 2: 51

4.4.3             Research Hypothesis 3: 51

4.4.4             Research Hypothesis 4: There is no significant relationship between entrepreneurship and national development. 51

CHAPTER FIVE.. 53

CONCLUSION.. 53

5.1        Introduction. 53

5.2        Summary of Research Findings. 53

5.2.1             Research Objective one: Relationship between Entrepreneurship and unemployment 53

5.2.2             Research Objective 2: Relationship between Entrepreneurship and Poverty Reduction. 54

5.2.3             Research Objective 3: Relationship between Entrepreneurship and Infrastructural Development 55

5.3        Conclusion. 55

5.4        Recommendations. 56

BIBLIOGRAPHY.. 60

APPENDIX A.. 63

APPENDIX B.. 65

 

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