Development of entrepreneurship in Nigerian - problems and prospects - case study of selected enterprises in Akwa Ibom state Department: Business Administration and Management By: samfilo31 Project ID: 4951 Rating: (5.0) votes: 2Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis study examined Development of Entrepreneurship in Nigeria: Problems and prospects, using selected enterprises in Akwa Ibom State as a case study. To accomplish the research objectives, the study adopted the survey research design while the convenience sampling technique was used to select fifty (50) respondents as the sample size for the study. Instrument of the study was a self-developed questionnaire and the forms were personally administered. Hypotheses were formulated to guide the study and data were analyzed using the chi-square (2) statistical tool. The findings revealed that some of the roles of entrepreneurship development are: Stimulating economic growth, enhancing self-reliance thereby reducing unemployment and rural/urban migration, while insufficient funds for financing innovations, incompetent management and poor state of technological development are some of the challenges of entrepreneurship development in Nigeria. Possible solutions to entrepreneurship development challenges in Nigeria were identified as: providing constant training and low-interest loan to entrepreneurs, carrying out massive infrastructural development to enhance awareness and participation in economic activities etc while the prospects of entrepreneurship development in Nigeria were: its development will contribute greatly to economic growth, enhance the exploitation of untapped industrial opportunities, encourage the appreciation of made-in-Nigeria goods and reduce the high rate of unemployment drastically. This paper has provided useful recommendations such as, entrepreneurs should be educated to acquire proper managerial skills and should be enlightened about the danger involved in family members intruding into the business operations, the government should provide and maintain adequate infrastructural facilities in both rural and urban areas to encourage entrepreneurs to operate successfully and adequate and constant power supply and good road network should be provided and maintained. It is believed that if these recommendations are implemented, entrepreneurship development will contribute positively to the economic development of Nigeria....Preview Download Preview +Other Business Administration and Management project topics and materials you might be interested in»The Effect of Management Information System on Achievement of Organization Objectives ( A Case Study of Nitel Owerri )»The impact of production planning and control on a manufacturing process ( a case study of Nigeria bottling company aba, abia state)»Marketing implication of merger and acquisition in banking industry - a case study of Access bank Plc, Bida branch, Niger state»The Effect of Motivation on Employees Productivity in Anambra State ( A Case Study of Education Commission Awka )»The Impact of Staff Discipline in the Attainment of Organizational Objectives ( A Case Study of Selected Organizations in Owerri, Imo State )»The Impact of Performance Appraisal on Staff Productivity ( A Case Study of Diamond Bank Plc, Owerri )»The effect of irregular payment of workers salaries on productivity of workers in imo state (a case study of owerri municipal council)»A critical evaluation of leadership style and organization performance in the private sector ( a case study of selected establishment in abia state)»The impact of welfare packages on employees performance (A case study of Nigeria breweries plc Aba)»The Effects of Motivation on Workers Morale ( A Case Study of Power Holding Company of Nigeria, Aba )»Motivation and Employee Performance in Public Sector ( A Case Study of NTA Channel 12 owerri)»Management Problems of Manufacturing Industries in Nigeria ( A Case Study of Nigeria Breweries Plc and Unilever Plc )»An assessment of the impact of modern communication facilities on service delivery in business organization ( A case study of ICT based firms in aba, abia state)»The Impact of Delegation on Management Decision Making ( A Case Study of Zenith Bank Plc, Enugu )»The Role of Customer Service in the Service Delivery of Multinational Companies in Nigeria ( A Case Study of Unilever Nigeria Plc Aba)