Complete Material Cost #3,000
Order for Complete Material now
ABSTRACT
This research examines “The challenges of entrepreneurship development in Nigeria”. This work see entrepreneurship as the process of creating something new with value by devoting the necessary time and effort, with accompanying financial and social risk, and receiving in return monetary rewards, personal satisfaction and independence. The research is to ascertain the challenges of entrepreneurship development in Nigeria. The population of this study cut across the total entrepreneurs in Nigeria which is unknown to the researcher. The researcher used a non probability sampling method to draw out a sample size of 300 in 4 entrepreneurial firms in Port Harcourt. This research study that the challenges of entrepreneurship development in Nigeria are due to lack of capital and management skills of the entrepreneurs. Some recommendations were made some of them are: government should endeavour to provide necessary infrastructure required for skills acquisition among its citizens. Also, there is need to change the mind set of average Nigerian, especially the youth to embrace self employment and stop search for white collar jobs that are non-existence.
TABLE OF CONTENTS
TITLE PAGE:…………………………………………………………………….i
CERTIFICATION ii
DEDICATION iii
ACKNOWLEDGEMENT iv
ABSTRACT vi
TABLE OF CONTENTS vii
CHAPTER ONE 1
INTRODUCTION 1
1.1 BACKGROUND OF THE STUDY 1
1.2 STATEMENT OF THE PROBLEM 2
1.3 PURPOSE AND OBJECTIVE OF THE STUDY 3
1.4 SIGNIFICANCE OF THE STUDY 4
1.5 RESEARCH QUESTIONS 4
1.6 RESEARCH HYPOTHESIS 5
1.7 SCOPE OF THE STUDY 5
1.8 LIMITATIN OF THE STUDY 6
1.9 DEFINITION OF TERMS 7
REFERENCES 8
CHAPTER TWO 9
2.0 REVIEW OF RELATED LITERATURE 9
2.1 ORIGIN OF ENTREPRENEURSHIP IN NIGERIA 9
2.2 CONCEPT OF ENTREPRENEURSHIP 11
2.3 FUNCTION OF ENTREPRENEURSHIP 15
2.4 IMPORTANCE OF ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA 17
2.5 APPROACHES OF ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA 19
2.6 FACTORS CONTRIBUTION TO ENTREPRENEURSHIP DEVELOPMENT 22
2.7 THE ROLE OF ENTREPRENEURSHIP IN THE NIGERIA ECONOMIC DEVELOPMENT 24
REFERENCES 28
CHAPTER THREE 30
3.1 RESEARCH METHODOLOGY 30
3.2 RESEARCH DESIGN 30
3.3 POPULATION OF THE STUDY 30
3.4 SAMPLE SIZE AND SAMPLING TECHNIQUE 30
3.5 SOURCE OF DATA COLLECTION METHODS 31
3.6 RESEARCH INSTRUMENT 31
3.7 STATISTICAL TECHNIQUES FOR DATA ANALYSIS 32
REFERENCES 34
CHAPTER FOUR 35
4.1 DATA PRESENTATION, ANALYSIS AND INTERPRETATION 35
4.2 PRESENTATION ON QUESTIONNAIRE RESPONSE RATE/OR QUESTIONNAIRE ADMINISTRATION AND RETRIEVAL 35
4.3 ANALYSIS OF RESPONSE 37
4.4 DATA PRESENTATION 45
4.5 TESTING OF HYPOTHESIS 45
REFERENCES 50
CHAPTER FIVE 51
5.0 DISCUSSION OF FINDINGS 51
5.1 DISCUSSION OF FINDINGS 51
REFERENCES 53
CHAPTER SIX 54
6.0 SUMMARY, CONCLUSION AND RECOMMENDATIONS 54
6.1 SUMMARY OF FINDING 54
6.2 CONCLUSION 55
6.3 RECOMMENDATIONS 56
BIBLIOGRAPHY 58
APPENDIX I 61
APPENDIX II 62
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Nigeria is blessed with abundant human and natural resources which if properly harnessed would have turned this country into a developed economy but given massive corruption. Lack of commitment the dominant role country has lost opportunities for growth and sustainable development. It has an attempt to reverse this decline in the nation’s economy that current Government policy of private sector led growth for job and wealth creation which is anchored on entrepreneurship is being pursued with vigor. In this new dispensation, Government is to provide an enabling and conducive environment for the private sector to strive.
There has been emergent acknowledgement that a sustainable economic transformation activities. Indeed the small businesses created by innovative entrepreneurs have proved to be the most significant contributors to the national wealth (Antai and Agnes 2012).
Entrepreneurship is the willingness and ability of an individual to seek for investment opportunities to establish and to run an enterprise successfully (Suleiman, 2006).
Nwangwu, (2006) state that entrepreneurship is the willingness and the ability of an individual or a firm to identify an environmental change and exploit such an opportunity to produce goods and services for public consumption, entrepreneurship is the totality of those attributes that enable a person to identify hidden business opportunities along with the capacity to organize needed resources with which to profitably take advantage of such opportunities in the face calculated risk and uncertainty (Essien, 2006).
The prosperity and progress of an nation depend on the quality of its people. If they are enterprising ambitious and courageous enough to bear the risk, the society will develop quickly. Such people are identified as entrepreneurs and their character reflects entrepreneurs (Adeyemi, 2013)
Osemeka, (2012) states that entrepreneurship development refers to the process of enhancing entrepreneunal skills and knowledge through structured training and institution building programmes. Entrepreneurship develop aims to enlarge the base of entrepreneurs in order to hasten the pace at which new ventures are created this accelerate employment generations and economic development.
1.2 STATEMENT OF THE PROBLEM
The main problem of this study is to identify the issues and challenges that militate against entrepreneurship development in Nigeria and proffers solutions to as Nigeria is naturally endowed with entrepreneurship opportunities but the realization of the full potential of these opportunities has been dampened by some challenges (Ebiringa, 2012).
Hence, it is worrisome that despite the numerous accessibility of technology and government contributions towards entrepreneurship development entrepreneurship in Nigeria has not performed creditably well and hence the expected vital and vibrant role entrepreneurship will pay in the economic growth and development in Nigeria has been constrained by the challenges entrepreneurs face in Nigeria such as lack of knowledge of technology, unfair competition, multiple taxes, unfavourable monetary policies, uneasy access to funding, inadequate market research, unfavourable fiscal policies, poor policy implementation which has constrained the development of entrepreneurship in Nigeria.
1.3 OBJECTIVES OF THE STUDY
The purpose of the research work is to examine the challenges of entrepreneurship development in Nigeria. (a survey of Port Harcourt Metropolis); the study has the following specific objective which is as follows.
1. To ascertain the challenges of entrepreneurship development in Nigeria.
2. To determine the extent to which technology enhances entrepreneurship development.
3. To determine the contribution of government towards entrepreneurship development in Nigeria.
4. To provide necessary infrastructure required for skill acquisition.
1.4 SIGNIFICANCE OF THE STUDY
This study seeks to contribute to the analysis of entrepreneurship development by exploring the different models of entrepreneurship development in Nigeria.
The research work will go a long way in helping the researcher ascertain the exert challenges of entrepreneurship development in Nigeria.
Identify the problems that militate against sustainable entrepreneurship development in Nigeria by identifying the problems militating against sustainable entrepreneurship development, the source of the challenges and also the proper solution to the problems that militate against entrepreneurship development in Nigeria.
1.5 RESEARCH QUESTIONS
The following research questions were proposed for the purpose of this study:
1. What are the challenges towards entrepreneurship development in Nigeria?
2. To what extent does technology enhance entrepreneurship development in Nigeria?
3. What are the contributions of government towards entrepreneurship development in Nigeria?
4. Does inadequate capital affect entrepreneurial development in Nigeria?
5. Is there any significant effect of turbulent entrepreneurship development in Nigeria?
1.6 RESEARCH HYPOTHESIS
For the purpose of this research work, the following hypothesis will be considered.
H0: There is no significant relationship between multiple taxes and levies and entrepreneurial development in Nigeria.
H1: There is a significant relationship between multiple taxes and levies and entrepreneurial development in Nigeria.
1.7 SCOPE OF THE STUDY
The research is aimed at investigating the challenges of entrepreneurship development in Nigeria (a survey of Port Harcourt metropolis). The focus of the paper is therefore to explore the different new sets of entrepreneurship education in Nigeria to determine what the problem and issues militating against entrepreneurship development in Nigeria (Port Harcourt City) and proffer solutions to them. This purpose of this paper is also to contribute in a way by helping the government to break down the walks that have traditionally hindered the growth of entrepreneurship in Nigeria. Whereby focusing on the roles of the government and of corporate individuals in entrepreneurial development in Nigeria.
1.8 LIMITATIN OF THE STUDY
In the course of this research, certain limitation where encountered amongst which data availability has always been the main limitation of the research; the data are either not available or incomplete. Hence, due to inadequate time this work was grossly affected and also the absence of the required financial and material resources help underscore the success recorded. This work would therefore relay on the information, the researcher encountered the following constraints;
a. Time: the time allowed for this research work is not enough for intensive study of the project.
b. Resistance of respondents: the researcher was also limited by the reluctance of some respondents to complete the questionnaires promptly and those who even failed to complete them at all.
c. Unavailability of Data: one of the greatest challenges the researcher encountered in the study relates to access to and collection of hard data due to extent data gaps and paucity.
d. Finance: shortage of funds limited the researcher to printing and administering questionnaires to the selected firm.
1.9 DEFINITION OF TERMS
In order to provide a proper understanding of this work, it becomes necessary to the researcher to define some of the essential terms used in this work.
Promotion: This is derived from the word “Promot” which means locaise, encourage, organize help the progress of; to encourage the buying of advertise.
Competition: This is the economic and socio struggle embarked upon by producers to firms to secure and retain more attention and money of the consumers in respect to their product or services.
Industry: Is a group of firms or sellers engaged in producing or selling goods and services that can serve the same purpose or similar need and services.
Research: This is an organized way of finding valid or useful information about a particular domain or phenomenon in an environment with a set of objectives.
Innovation: This is the process of producing something new inform of product or service that someone or any company has never produced it before.
Complete Material Cost #3,000
Order for Complete Material now