Effect of Government Entrepreneurial Policies on Economic Growth: A Study Ondo of State, Nigeria.
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 2
Abstract
This study accessed the effect of government entrepreneurial policies on Nigeria’s economic growth with Ondo State as a case study. Specifically, the study examined the effect of entrepreneurship policies on the productivity of small business owners. Three policy areas considered by the study are credit availability, supply of factor inputs, and training/orientation. Data were collected using questionnaires and responses were analysed with the aid of chi-square statistic. The study revealedthat only twenty-five percent of entrepreneurs have benefitted from government entrepreneurship policies and programmes in Ondo State. The study discovered that meeting the requirements for accessing government entrepreneurship programmes was the most serious difficulty encountered by entrepreneurs in benefiting from government programmes; and that government entrepreneurial policies have been ineffective due mainly to lack of continuity by successive governments. The study found that government policies at present do notimprove economic growth. The study concluded that achievement of the desired economic growth requires review of credit requirements to less stringent terms, harmonisation of government entrepreneurial policies with other fiscal and monetary policies, continuity of government policies by successive government, de-emphasis on political affiliation as condition for accessing government programmes and improved sensitisation of the public on various government entrepreneurial policies and programmes
Authors and Affiliations
Tomola M. Obamuyi, Adegboyega J. Elumaro
Keywords
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