Effect of Entrepreneurship Development on Poverty Alleviation in Nigeria
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 2
Abstract
Entrepreneurship is considered as an alternative way to tackle some of the socio economic problems that bedeviled some countries presently, especially problem of high unemployment and poverty. Entrepreneurship is a process undertaken by the government to reduce the level of poverty in the economy. Entrepreneurship development is the process of enhancing entrepreneurial skills and knowledge through structured training and institutional building programmes focused on individuals who wish to start or expand a business. One of the major challenges facing developing and underdeveloped countries of the world is poverty. It has been so endemic as a result of the high rate of unemployment that has become the major characteristic of the developing and underdeveloped countries of the world. The study focused on the effect of entrepreneurship development on poverty alleviation in Nigeria. The specific objectives of the study are to examine the effect of entrepreneurship training and education on poverty alleviation in Nigeria and to determine the challenges that militate against sustainable entrepreneurship development in Nigeria. The study adopted human capital Theory propounded by Robert (1991) and Mc clellands’ achievement motivation theory (1961). It was concluded that Entrepreneurship development is a key tool for poverty reduction; stimulating employment and economic growth in developing countries. Entrepreneurship boosts economic growth, enhances educational attainment and increases the rate of economic growth and for Nigeria to move out of the disturbing high level of poverty, adequate attention must be given to the growth of entrepreneurship. The study recommends that Entrepreneurship development should be inculcated into the school’s curriculum to promote human empowerment and development through entrepreneurial education and training and also the federal government should provide enabling environment conducive for the smooth operation of both indigenous entrepreneurs and foreign investors’ in order to boost the economy, reduced unemployment and ravaging level of poverty in Nigeria.
Authors and Affiliations
Anekwe Rita Ifeoma, Ndubuisi- Okolo Purity (Ph. D), Attah Emmanuel Yusuf
A Study on Socio-Economic Condition of Rubber Plantation Labourers in Kanyakumari District
Plantation is a part of agriculture, in which the cultivation of crops is better planned and refined. According to International Labour Organization the term ‘Plantation’ includes any agricultural undertaking regularly e...
The Effect of Leverage on Share Prices at the Nairobi Securities Exchange
A diversity of views exists as to whether debt affects the value of the firm. The traditional point of view is that debt adds value to a firm until the optimal point is reached. The value of the levered firm will be the...
Measuring the Effectiveness of Advertising
This paper explores the effectiveness of advertising in India in the current scenario. Effectiveness of advertising is measured through awareness, message recall, purchase intentions, and actual purchase behavior. The st...
Conceptual Analysis of Islamic Banking contribution towards Entrepreneurship Development in Gumbo State, Nigeria
The Level Of Financial Exclusion In Sub-Saharan Africa Particularly Nigeria Is Tremendously Increasing, Despite The Effort Of Governments To Curtail This Menace. This Exclusion Negatively Affects The Development Of Priva...
Global Fast Food Retailing In India – A Way Ahead
The Indian economy was a traditional economy with majority of the consumers having a preference towards home cooked foods. This posed a major challenge to the major global fast food giants such as McDonalds and KFC to es...