IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 2 NO. 3 2016

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Entrepreneurship and Job Creation in Nigeria

Dr. Sunday Edesiri Akiri, Emmanuel Onoja, Philemon Samuel Kunanzang

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Abstract

Given the poverty and rising unemployment level in Nigeria with it’s attendant consequences and the reality that government cannot provide the needed job for the growing population, it became imperative for people to become entrepreneurs and create the needed jobs to stimulate growth and development. This paper examined entrepreneurship development in Nigeria, pre-colonial, colonial and post colonial. Highlighting some government effort and policies supporting entrepreneurship and job creation. Descriptive statistical analysis was used to compare data on number of entrepreneurs and employment between 2013 and 2010 and the percentage change in each component. The result shows that as entrepreneurs increase so do employment rate. There are certain factors that also serve as impediment to the growth of entrepreneurship such as political instability and insurgency. Hence sustainability of these growths depends on the macro-economic policies and political stability of the country.

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