Entrepreneurship Development and its Impact on Small Scale Business Enterprises in Developing Countries: A Nigerian Experience

Chukwuemeka Nnadi

doi:10.4172/2169-026x.1000119

Abstract

Entrepreneurship development and its impact on SMEs in developing countries; the study sets out to accomplish the objectives which were to: ascertain why Nigerian government ignored the human capital development of its citizens find out why Nigerian government silent on the misuse of public funds appropriated development of SMEs. The study used secondary sources. The findings were that: refusal to develop its citizens yielded huge idle fund. Section 308 of 1999 CFRN empowers the President or Vice President, Governor or Deputy Governor misuse it without consequence in law in Section 65 of 1999 CFRN-“up to at least school certificate or its equivalent” mediocre members of the National Assembly. Based on these findings the following recommendations were made that: Nigerian should be transformed into literate citizens to enable them become innovative entrepreneurs. The educational standard –for membership of National Assembly of Nigeria should read a good degree from a recognized university to qualify them as effective participants in global politics and economy. Every Nigerian in official or personal capacity should live under the Rule of Law.

Highlights

The developed economies have brought the small-scale business enterprises to the front burners of their national development at the critical phase of their respective developments [1]
The common policy Framework of the European Commission [15] states that the important contribution of Business Services to Industrial Performance and that the business services classification consists of 26 activities in 8 546 – sectors
The Nigerian government is the exact symbol of its people who are predominantly illiterate with low human capital and possessing unemployable skill

Summary

Introduction

The developed economies have brought the small-scale business enterprises to the front burners of their national development at the critical phase of their respective developments [1]. Successive Nigeria governments have missed the mark as well as the thrust in the application of her potential for progress and poverty alleviation by rely in her ability to pick mineral from the ground or seek debt belief and foreign assistance they invest more on things than on information and more on the military than on education ignoring knowledge and ideas which are the engine that drive national economic growth. Nigerians squander their wealth like infants who do not know the value of things. The funding programmes initiated by successive Nigerian failed without any action on the part government officials to investigate and prosecute the offenders

Objectives of the study

Findings

Conclusion