The Problems and Prospects of Entrepreneurship Activities and Business Management Practices in Nigeria

Abstract

This research work examined the problems and prospects of entrepreneurship activities and business management practices in Nigeria. The relevance of entrepreneurship and business management practices to the development of any nation cannot be over-emphasized. Data for this study was basically an evaluative approach. Results from this study revealed that poor transportation system, inaccessible open market, inadequate capital, unstable political structure, poor response of financial institutions and shortage of infrastructure were the major problems to the development of entrepreneurship and business management in the study area. This study therefore recommends that sustainable development practices of entrepreneurship and business management should be considered as the main part of the total package for entrepreneurship development and business management in the study area.

Keywords: Business management, Development, Entrepreneurship, Problems and Prospects.