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Exploring the Role of Entrepreneurship Studies for Economic Transformation and National Development

Moses, Chinonye, Love and Patrick, Eke, 0. and Onochie, Prosper, Maxwell (2014) Exploring the Role of Entrepreneurship Studies for Economic Transformation and National Development. Nigerian Journal of Business and Entrepreneurship Research, 1 (1). pp. 43-47. ISSN 2408-- 591X

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Abstract

Lack of right policy initiatives and discipline in the educational system toward producing self reliant graduates seem to be responsible for the high rate of unemployment; increasing graduate unemployability syndrome; low human development index (standard of living) and the "youth budge" syndrome, evidenced in the increasing crime wave. This paper examines the impact of entrepreneurial development studies (EDS) and Nigerian government support of EDSon national development. The paper adopts the ordinary least square (OLS) technique for the analysis and the result identified that there is need for the development of national venture capital and an agency for securitization of such project to support the philosophy of entrepreneurship in Nigeria. Based on the finding of this paper, we recommend that the right policy initiatives and supports should be evolved to develop and drive entrepreneurial capacities and discipline among every Nigerian for National development if Nigeria as a nation wants to become one of the top twenty (20) world economies in 2020.

Item Type: Article
Uncontrolled Keywords: Entrepreneurship, Unemployment, Poverty, Economic Transformation, National Development
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 19 Feb 2016 12:27
Last Modified: 19 Feb 2016 12:27
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/6019

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