Effective Entrepreneurship Skills in Reducing Unemployment through Small Business Innovation in Nigeria

Abstract

This study has examined the effective entrepreneurship skills in reducing unemployment through small business innovation in Nigeria. The research design used for this research work was descriptive research design. The questionnaire was the instrument distributed to the participants.  Frequencies, arithmetic means, standard deviations and t-statistics was used to analyze the data. The findings of the study showed that the contribution of entrepreneurship skills towards reducing unemployment in Nigeria include Improvement in the standard of living through innovation that led to introduction of high goods and services and  conservation of foreign exchange as a result from reduced importation of machines and equipment, raw material and payment to foreign export. it was found also that there is significant relationship exists between effective entrepreneurial skills and unemployment in Nigeria. Base on the findings the following recommendations were made that multiple taxations system such as personal income tax, company tax, stamp duties and Valued Added Tax [VAT] should be control by the government and provision of infrastructure like stable electricity, good roads, free movement of production goods should be adequately improved in the country.

Keywords: Entrepreneurship, Skills, Unemployment, Business innovation, Nigeria