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. 1 No.8, 2015

---

Entrepreneurship and Sustainable Economic Growth in Nigeria

Dr. Sunday Edesiri Akiri, Iliya Dan Iliya & Francis O. Adi

---

Abstract

The importance of entrepreneurship as a realistic tool for economic growth in Nigeria is enormous, considering the experiences of developed economy like united states and emerging economies like china and India. This paper postulated that entrepreneurship has been instrumental in economic growth and job creation in most dynamic economics where technology is changing at a faster rate and the product life cycle is becoming smaller. This paper adopted Narrative - Textual case Study (NTCS); for it analysis. It is a social science research method that relies on information and data from several sources for problem-solving or problems- identification. The paper reveals that business environment for entrepreneurship is insufficient in Nigeria on the challenges of power and other infrastructural facilities. The paper therefore recommended that government should focus on capacity building, improving infrastructural facilities and enabling environment which will lead to entrepreneurship development and sustainable economic growth

keywords:

entrepreneurship, Economic growth and development

---

References:

Acs, Z.J. and D.J. Storey (2004) „Introduction: Entrepreneurship and Economic
Ann Ogbo and Agu Chidiebere Nwachukwu (2012) The Role of Entrepreneurship in
Economic Development: The Nigerian Perspective. European Journal of Business and
Management Vol 4, No.8.

Ariyo, D. (2005). Small firms are the backbone of the Nigerian economy. Retrieved
Bank, pages 1-2; December 2003.
Business Environment and Enterprise Performance Surveys, (2007). Problems and challenges
Bank of Nigeria, 2000-2010.Staistical Bulletin - Performance of the Economy,
Challenges of Small Medium Enterprises.

Chu, Hung M. Kara, Orhan and Benzing Cynthia (2010) "An empirical study of
Development?, Regional Studies 38(8): 871-877. Economy Watch. (2010). China Economy.
[Online] Available: www.economywatch.com/wiorld_economy/china.

Erber, G. and Hagemann, H. (2002). Growth, Structural Change, and Employment,
Heidelberg – New York, 269-310.
http://thenationonlineng.net/web3/editorial/28749.html.in: Frontiers of Economics, Ed. Klaus
F. Zimmermann, Springer-Verlag, Berlin –
Journal of Business Research. FindArticles.com. 16 Aug, 2010.

Kanothi, Raphael Ngatia (2009). The dynamics of entrepreneurship in ICT: Case of mobile
phones downstream services in Kenya. Working paper, no. 466, institute of social
science. The Netherlands
Matthias Brachert and Walter Hyll (2014) On the Stability of Preferences: Repercussions of
Entrepreneurship on Risk Attitudes. German Socio-Economic Panel Study (SOEP). Also
available at http://www.diw.de/soeppapers.

Oladele, P.O., Akeke, N. I and Oladunajoye, O. (2011) entrepreneurship development: A
panacea for unemployment reduction in Nigeria. Journal of emerging trends in
economics and management sciences . volume 2(4): 251- 256

Onipede, S. (2003). Towards Creating an Environment for Sustainable Economic Growth in
Nigeria, International Experience. [Online] Available:
http://www.economist.com/countries/Nigeria/profile.cfm?folder=profile-Economic%20

Oyelola, O. T., Ajiboshin, I. O. Raimi,L. Raheem,S And Igwe, C. N. (2011) Entrepreneurship
for sustainable economic growth in Nigeria. Journal of sustainable development
studies. Volume 2 (2013).

Shane, S., and Venkataraman, S. (2000). The Promise of Entrepreneurship as a Field
Social Science, The Netherlands. structure.

The Nations (2011). Big challenge - How 834 companies closed down in Nigeria.

The United Nations. (2003). Human Development Reports, CIA World Fact book; World

DOWNLOAD PDF

---

Back