Catalyst and Instrument of National Growth: Interrogating the Significance of Entrepreneurship in Nigerian Economic Development

Abstract

Entrepreneurship as it is widely believed is a fueling developmental hub and cause of financial progression of any given economy. The general Entrepreneurial activities have been found to be proficient of creating optimistic and progressive impacts towards nation's economy and improved class of life expectancy of the people. This study based on this, sourced to look at the entrepreneurship as a catalyst and instrument of progress and improvement in Nigeria economy. The study make used of the secondary data and the outcome signposts that entrepreneurship has immensely contributed significantly to the employment generation and growth of Nigerian economy. Some of the major observation is that entrepreneurship development has massively enhanced job creation. And, however consequently lead to economic development. It is recommended that Nigerian should advance more especially some other economic opportunities while government should ensure the enabling environments for purposeful development of entrepreneurship practices.

Keywords: Entrepreneurship Development, Impact, Nigeria Economy.

DOI: 10.7176/EJBM/12-3-13

Publication date: January 31^st 2020