THE IMPACT AND ROLE OF ENTREPRENEURSHIP ON THE ECONOMIC GROWTH OF NIGERIA
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ABSTRACT
This study was carried out to examine the impact and role of entrepreneurship on the economic growth of Nigeria using selected SMEs in Gashua, Yobe State as a case study. Specifically, the study was aimed at investigating the prevalence of entrepreneurship on the Nigeria economic, assess the contributions of entrepreneurs to the economic development in Nigeria, and inquire the factors that influence entrepreneurs to economic development the Nigerian economic development. The study employed the survey descriptive research design. A total of 259 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that there is a significant relationship between entrepreneurship and economic growth of Nigeria. This is as the Pearson correlation test showed a positive significant relationship (.821**) between entrepreneurship and economic growth. Also, the findings revealed that Low entrepreneurial activities does have a negative significant correlation with economic growth in Nigeria. The study therefore recommend Government should strengthen the policies that would improve entrepreneurship framework conditions. Hence, policy makers should be able to face the question of how to create and/or improve framework conditions conducive to entrepreneurial activities and how to ensure that entrepreneurial skills are allocated to activities adding to the social product. Moreso, Government should priorities the SME sector giving it devoted practical and Visible attention with the a view to making it virile, vibrant, focused and productive. SMEDAN should be readily and freely assist prospective entrepreneurs to have access to necessary information relating to business opportunity, modern technology, raw materials, market, plant, and machinery, good and services etc which will enable them to reduce their operating cost and be more efficient and competitive.
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