ABSTRACT
The study specifically investigate Effect of
Entrepreneurship Education on the Nigeria Economy. A case study of
Etsako West Local Government Area Auchi, Edo State.
In conducting this study, three hypothesis were formulated to achieve the
stated objective. Data were collected
from secondary and primary sources. Questionnaire were designed, sorted
presented analysed, interpreted the development of entrepreneurship has
significant effects on the rural communities. Government should make sure that
incentives get to those who actually need them, and also give the amount that
each business owners ask for and distribute more power for the people without
which no significant progress can be achieved, Development actually rest
heavily on power generation and distribution. Government can do better by
educating the people to use the money for the purpose it is meant for and avoid
diversion of funds.
TABLE OF CONTENTS
Title page
Certification
………………………………………….. i
Dedication
……………………………………………. ii
Acknowledgement
……………………………………. iii
Table of Contents
……………………………………… iv
Abstract
………………………………………………. v
CHAPTER ONE: INTRODUCTION
1.1
Background
To The Study ……………………………. 1
1.2
Statement
of the Problem ……………………………… 4
1.3
Research
Question ……………………………………… 5
1.4
Research
Hypotheses …………………………………… 5
1.5
Purpose
of the Study …………………………………… 6
1.6
Scope
of the Study ……………………………………… 7
1.7
Significance
of the Study ……………………………… 7
1.8
Limitations
of the Study ……………………………… 8
1.9
Operational
Definition of Terms ………………………. 9
CHAPTER TWO: LITERATURE REVIEW
2.1
Introduction ………………………………………….. 11
2.2
The
Meaning of Entrepreneurship Development …….. 14
2.3
The
Entrepreneurship Development System …………. 18
2.4
Summary
……………………………………………….. 34
CHAPTER THREE: RESEARCH METHOD
3.1
Research
Design …………………………………….. 41
3.2
Population
of the Study ………………………………. 42
3.3
Sample/Sampling
Technique ………………………… 42
3.4
Instrument
of Data Collection ………………………... 43
3.5
Method
of Data Collection …………………………… 43
3.6
Data
Analysis …………………………………………. 44
CHAPTER FOUR: DATA PRESENTATION ANALYSIS AND DISCUSSION
4.1
Presentation
of Data ………………………………….. 45
4.2
Analysis
of Data ……………………………………… 45
4.3
Interpretation
of Data …………………………………. 49
4.4
Discussion
of Findings ………………………………… 56
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1
Summary
……………………………………….. 58
5.2
Conclusion
……………………………………….. 59
5.3
Recommendation
………………………………….. 59
5.4
Suggested
Area for Further Studies ………………… 59
Reference
Appendices
CHAPTER ONE
INTRODUCTION
1.1 Background
to the Study
The
continuing economics backwardness of most third world countries is the over
prolonged sojourn of private foreign investment where the predatory and exploitative
orientations and activities of foreign monopoly capital, its inherent
tendencies to resist and hamper local industrialization and perpetuate
merchantive capitalism in these countries. And its determination and deliberate
efforts to regard the growth of indigenous entrepreneurship heavily influence
developing countries history for well over a century.
In
addition it was after the first federal government of Nigeria came into office in 1954 that definite
steps were taken to deal with these various negative aspect of private foreign
investment in Nigeria.
In particular the Nigeria
government has overcome the mercantilist preference of foreign entrepreneur and
led them to establish industries and though a judicious use of stable threats
and selected incentive Akeredoinalg,
(1976).
Deliberate
government efforts to stimulate
entrepreneurship in Nigeria.
Date back to 1946 when the publication of ten years programme development and
local welfare for Nigeria
was first published. The program provided for one agency, the Nigeria
local development board, which was to aid the growth of indigenous
entrepreneurship directly through granting of loans to Nigeria owned enterprises. But
perhaps its more significant implications for subsequently were largely unintended.
The
participation of Nigeria
enterprises in the economic development of their country has been striking in
comparison with the experience of most developing countries. Internal trade
importing road transportation, non financial service, building and
construction, commercial agriculture and industry have been areas of
improvement of entrepreneurial effort by Nigerian in recent years.
It is
true that vast majority of large scale enterprise have been in the hands of
expatriate or government agencies, yet many small and medium scale indigenous
firms have played an important part in the structure transformation of the
country economy.
This
study will attempt to isolate the principal determinates of Nigeria entrepreneurial activities
in industry (Harris 1976). The timing and nature of Nigerian industrialization
have not been the outcome or ordinary market forces manifested in he
heightening of competition in import trade which have changed to orientation of
foreign firms in Nigerian from import distribution to local manufacturing.
The
established merchant firm did resist the attempt to initiate local
industrialization until pressing natural economic problem inspired more
aggressive government polices which dictated clearly the new direction in which
the economy had to motive.
Since
1950’s the Nigerian government have to attach high priority to the objective of
boosting indigenous entrepreneurship in the modern sector of the economy. In
pursuit of that objective, the government has come to increasing conflict with
interest of private foreign investment who, hither to have firmly dominated and
controlled the modern sectors. This study seek to explain while developing economics which has
no much to attract more in the future, has become increase restructure in the
condition it lay down for the operation of foreign investors in these
countries.
The
role of entrepreneur in economy development involve more than just increasing
perceptual output and income, it involves initiating and constructing change in
the structure of business and society more wealth to be divided by various
participants.
Chell (2002) concluded that there has been a
gradual increased in awareness of the role of entrepreneurs in economic growth
and various approaches from the regaining, it is clear that entrepreneurship
development is an economic agent both born or made representing an enlightening
perspective of a country, entrepreneurs are gradually committed and determined
with the qualities approach of development in part with high level of self
confidence therefore, they can survive grow and expand our economic, if
government can create an enabling environment for the operations.
It is
against this background that this is undertaken to investigate entrepreneurship
development in Etsako West and central as focal point.
1.2 Statement of the Problem
In
light of the general problem, this study would investigate the under listed
specific problems.
(i)
Knowing
if the development of entrepreneurship has any significant effect on the rural
communities.
(ii)
Examining
if entrepreneurs are given any adequate incentive to help develop rural
communities.
(iii)
Determining if there is enough infrastructural
development in the rural communities and also determining if there is enough
infrastructural development in the rural communities for the entrepreneurs to
thrive.
1.3 Research
Question
(i) Has small business developed in rural
communities?
(ii) How has small business developed?
(iii) Has the growth of small business affect
the rural communities?
(iv) How significant has the growth of small
business affect the rural communities?
(v) To ascertain if the development of
entrepreneurship has any significant effects on the rural communities?
(vi) To find out whether entrepreneurs are
given adequate incentive to help develop Edo
state rural communities?
14 Objective of the Study
The
study has here listed it objective or purpose.
(a)
To
ascertain if the development of entrepreneurship in Edo State
has any significant effects on the rural communities.
(b)
To
find out whether entrepreneurs are given adequate incentives to help develop Edo State
rural communities.
(c)
To
find out if there is enough infrastructural development in rural communities
for the entrepreneurs to thrive.
1.5 Research Hypotheses
The hypotheses for this
research are stated below as follows:
(1) Entrepreneurship does not have impact in
the development of rural communities.
(2) The development of entrepreneurship in Edo State
has no
significant
effect on rural communities.
(3) The
entrepreneurs in Edo
State has no enough
infrastructural development in rural communities for the entrepreneurs to
thrive.
1.6 Scope
of the Study
The scope of the study is intended
to cover entrepreneurship development in Etsako West and their environs in Edo State.
Its however important that research of its type naturally should cover small
scale business in Auchi and environs and find out the general contribution to
entrepreneurship development. Therefore, the study we must face, the enterprise
in the above named and its contribution in the growth of entrepreneurship
development in these areas.
The specific area to be looked into
is the creation of employment opportunities, rural development and growth,
encouragement of indigenous enterprises (entrepreneurs).
1.7 Significance of the Study
It is the thousands of anonymous
smaller firms which employ fewer than 20 employees that are the primary job
provides in urban areas and they also provide a major share of new jobs in
rural areas as well,
An important aspect of economic
growth in any country is the key individual
who promote change and initiate development activities. These person may
be called entrepreneurs. Because if the entrepreneurs prosper the communities
in which they operate will also prosper.
This study will assist in re-awaking
the interest of individuals in line with the concept of entrepreneurs of
changing the situation around i.e in the area of increasing per-capital income,
employment generation and allows more wealth to be divided by various
participants.
1.8 Limitation
of the Study
In the process of coming out this
work the researcher encounter some problems that hinder the progress of the
research effort. But however, the researcher was able to put these problems
under control.
The
quest and the need to collect adequate information for the research, effort was
almost a barrier but the researcher was able to put the situation under check
by visiting some major libraries to get the needed literature.
1.9 Operational
Definition of Terms
Entrepreneurship: According to Davis (1983) as citied by
Igbo (2005) sees entrepreneurship as the creation and running of one’s own
business. Timmon’s (1987) also citied by Igbo (2005) sees it as a process of
creating, building and distributing something of value from practical nothing to individuals groups, organization
and society.
Entrepreneur: According to (UNIDO
1999) entrepreneur is a process whereby a person using his/her private
initiative to transform a business concept into a new venture or to grow and
diversify an exist venture or enterprise with high growth potential.
Small scale enterprise: It is a small scale enterprise that have relatively
little capital investment.
Development: This is seen as the state of improving, expanding or enlarge
reforming.
Developing economy: It means the increase in value of an economy i.e increase in
output, rural areas. A set of community dealers that lacks the basic social
amenities.
Community: According to Oxford Dictionary (7th edition) body
of person in the same locality, a body of persons living a communal life.
Economic Development: According to Asemota to (2010) Is the increase in the
general welfare and standard of living of the people in that country.
Economic growth: Increase in the productive capacity of an economy.
Expatriates: To send out one country for particular assignment usually
technicians.
Internal Trade: Trade and trading activities within a particular nation or
country.
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