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Environmental Factors and Entrepreneurship Development in Nigeria

Abimbola, O. H. and Agboola, Mayowa G. (2011) Environmental Factors and Entrepreneurship Development in Nigeria. Journal of Sustainable Development in Africa, 13 (4). pp. 166-176. ISSN 1520-5509

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Abstract

The interface between entrepreneurship and the entrepreneurial environment has been given attention in entrepreneurship literature. This paper starts by placing the issue of entrepreneurial environment in theoretical context, with particular reference to Nigeria. Two major theoretical perspectives were considered; however, the work dwelt extensively on the demand side perspective, which gives primacy to the compelling influence of environment on entrepreneurial practice. Using resources from academic publications, reports and publications of government agencies and other stakeholders in the field of entrepreneurship in Nigeria, some policy programmes of government were examined with a view to understanding their relevance and states in entrepreneurship development initiatives in the country. It was found that most of the programmes considered were moribund either due to discontinuation by succeeding governments or lack of adequate resources, both human and material, for their operations. In few cases where the programmes were in place, a skewed spread was observed,which was capable of hampering the success of these programmes. The paper recommends the following: an auditing of all the policy programmes to avoid duplication and clashes in spheres of operation; continuity in programme implementation; commitment from credit institutions to spread their activities beyond the “comfort zones” in which they currently operate;and sustained education and enlightenment programmes on the opportunities that abound in the environment amongst others

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mr Solomon Bayoko
Date Deposited: 21 Oct 2013 14:23
Last Modified: 21 Oct 2013 14:23
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/1685

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