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PROJECT ID : 55765
TYPE : Project
FILE TYPE : MS Word
PAGES : 53
PRICES : N3000 (12 USD)

 

 

ENTREPRENEURSHIP DEVELOPMENT AS THE KEY TO POVERTY REDUCTION IN NIGERIA
(A CASE STUDY OF SELECTED BUSINESS ENTERPRISES IN IKOT EKPENE L.G.A., AKWA IBOM STATE)
Science Lab. Technology

ABSTRACT

Entrepreneurship development is considered as an alternative way to tackle some of the socio economic problems that bedeviled some countries presently, especially problem of poverty. Entrepreneurship is a process undertaken by the government to reduce the level of poverty in the economy. Entrepreneurship development is the process of enhancing entrepreneurial skills and knowledge through structured training and institutional building programmes focused on individuals who wish to start or expand a business. One of the major challenges facing developing and underdeveloped countries of the world is poverty. It has been so endemic as a result of the high rate of unemployment that has become the major characteristic of the developing and underdeveloped countries of the world. This study focuses on entrepreneurship development as a veritable tool for poverty alleviation in Nigeria. It was concluded that Entrepreneurship development is a key tool for poverty reduction; stimulating employment and economic growth in developing countries. The study recommends that Entrepreneurship development should be inculcated into the school’s curriculum to promote human empowerment

Keywords: Entrepreneurship Development, Poverty Alleviation

 

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND OF THE STUDY

        The world over, it is a known fact, that government alone can no longer provide the needed and desired employment to keep the economy of nations growing. This may not be far from why governments of the various countries have openly embraced entrepreneurship to make her citizens self-reliance.

        It is a well known fact that entrepreneurship has contributed to the development in Nigeria’s economy. Moreover, the role of entrepreneurship in economic development and poverty reduction involve more than just increasing per capital output and income, it involves creating employment opportunities to the unemployed.

        Entrepreneurship is the process of identifying business opportunities and organizing to initiate a successful business activity. In the same vein, entrepreneurship is about taking risk. Entrepreneur is a person willing and able to convert a new idea or innovation into a successful innovation. This same person is the one who has the vision of how that idea can be turned into reality for the benefit of everyone. He / she is a risk taker.        

        In this context entrepreneurship development refers to the process of enhancing entrepreneurial skills and knowledge through structured training and institution building programmes. Entrepreneurs do not emerge and develop but depend upon an environment in which entrepreneur can learn and discharge his assigned responsibility in an efficient manner. The government can also play a positive role in the emergence and development of entrepreneurship by providing training incentives, concession and by creating an environment conducive for the growth of entrepreneurship. Therefore, entrepreneurial development is essentially a process in which persons are injected with motivational drives of achievement and insight to tackle uncertain and risky situations especially in business enterprise. Entrepreneurship development is an agent for community development through provision of some basic amenities. And with this, government have embarked on different programmes to develop the activities of entrepreneur in the country aimed at reducing poverty. Such programme includes: Entrepreneurship Development Programmes (EDPS), the National Poverty Eradication Programmes (NAPEP) etc.

        Besides poverty reduction entrepreneurship could be useful in creating employment.

 

1.2   STATEMENT OF THE PROBLEM

        Government over the years have employed several measures aimed at reducing poverty in the country, such as, Entrepreneurship Development Programme (EDPs), National Directorate of Employment (NDE), Life Enhancing Agency (LEA). Such efforts have not yielded any positive impact in the country as most people still languish in absolute poverty.

        The major problem of this research work therefore is to examine if entrepreneurship development could be used as the key to poverty reduction in Nigeria.

 

1.3   OBJECTIVES OF THE STUDY

        The following are the main objectives of the study:

1.     To examine how entrepreneurship development will raise the standard of living in order to reduce poverty.             

2.     To determine measures for overcoming obstacles to the reduction of poverty through entrepreneurship development.

3.     To examine ways on how entrepreneurship development can reduce poverty in Nigeria.

4.     To find out the problems associated with entrepreneurship development as regards poverty reduction in Nigeria

 

1.4   RESEARCH QUESTIONS

1.     How can entrepreneurship development raise the standard of living?

2.     What are the measures for overcoming obstacles toward reducing poverty through entrepreneurship development?

3.     To what extent can entrepreneurship development reduce  poverty in Nigeria?

4.     What are the problems associated with entrepreneurship development as regards poverty reduction?

 

1.5   SIGNIFICANCE OF THE STUDY

        This research work will be of great benefit not only to the entrepreneurs but also to the managements of private and public sector of the economy.

        To curb this problem of lack of information guiding entrepreneurship activities.  Thus, the researcher is of the opinion that a study of this nature will provide the planners with information needed for policy formulation. It will also serve as a reference material to further researchers in this field. It will also provide management of private and public sectors with knowledge on how employment can be controlled through entrepreneurship development.

 

1.6   SCOPE OF THE STUDY

        The scope of this research covers entrepreneurship development as the key to the reduction of poverty in Nigeria using selected business as case study.

 

1.7   LIMITATIONS OF THE STUDY

        While carrying out this research, the researcher was faced with many limitations and the major limitations of this research include:

a.   Financial Constraint: This is the inability to obtain sufficient funds to finance the project.

b.  Time Constraint: This was another limitations to this research work as it was difficult to combine both the writing of the project with other academic activities.

c.   Lack of Relevant Materials to use in the review of the related literature.

 

1.8   ORGANIZATION OF THE STUDY

        This study focused on entrepreneurship development as a key to poverty reduction. To achieve its objectives the work was divided into five chapters.

        Chapter one focused on the general background of the study with special emphasis on the statement of the problem, objectives of the study, research questions, significance of the study, scope of the study, limitations of the study and the definition of terms.

        Chapter two focused on the review of related literature, the concept/meaning of the topic.

        The discussion in chapter three was on research design and methodology. This was considered under the following subheadings: population of the study, sample and sampling techniques, instrumentation and problems of data collection.

        Chapter four dealt with data presentation, analysis / interpretation while chapter five focused on the summary of findings, conclusion and recommendations made by the researcher.

 

1.9   DEFINITION OF TERMS

        The essence of this section is to give a concise meaning of words as they are used in the context to avoid misinterpretation.

Entrepreneur: Is the one who bears all the risk and co-ordinate the factors of production and also perform the four managerial functions.

Entrepreneurship: Is essentially a process that involves undertaking necessary actions required to transform human, material and financial resources into products or services that have utilities through the establishment of an enterprise. It is the service that the entrepreneur renders.

Development: The gradual growth of something so that it become more advance and strong.

Poverty: The quality or a state of being poor. That is lack of something to live with.

Reduction: Act of minimizing something.

Unemployment: This is a situation where there is scarcity of job in the labour market. It is also a situation where the qualified ones are willing and ready to work but are not employed.

Government: Government is a machinery through which a state is strong. Is the group who are responsible for the welfare of a state or country.

Motivation: It refers to the force that energizes, direct and sustains a person’s effort.

 

INSTRUCTIONS: Please, sit back and study the above research material carefully. DO NOT copy word for word. Our aim of this research material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. We are not encouraging any form of plagiarism. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works.

 

 

 

 
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