THE EFFECT OF STARTUP BUSINESS IN ENTREPRENEURIAL DEVELOPMENT IN NIGERIA (A CASE STUDY OF EVENT MANAGEMENT)
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ABSTRACT
This study was carried out to examine the effect of startup business in entrepreneurial development in Nigeria, using 20 selected event management centres in Abuja as case study. Specifically, the study examined various areas startup business has affected entrepreneurial development in Nigeria. The study employed the survey descriptive research design. A total of 62 responses were validated from the survey. Hypotheses were analysed using chi-square statistical tool. From the responses obtained and analysed, the findings revealed that Job creation and increase in national income are the contributions of startup business in Nigeria and that lack of strong patent law and lack of knowledge of entrepreneurship in the basic science and technology constitute the challenges to startup business in entrepreneurial development. The extent of entrepreneurial development in Nigeria is high. The study however, recommends that there is need to change the mind set of young people to embrace self-employed job rather than waiting for non-existing government job and there is need for government to set up workshops where young and old entrepreneurs can come and acquire new skills needed for their businesses.
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