Challenges Facing Entrepreneurs in Nigeria

Martin Ifeanyi Okeke; Eme , Okechukwu I.

doi:10.12816/0010956

Article Details

Challenges Facing Entrepreneurs in Nigeria

Authors:

Martin Ifeanyi Okeke | Eme , Okechukwu I.

Publisher:

National Library Singapore

Main Topics:

General management

Journal:

Singaporean Journal of Business, Economics and Management Studies 2014 Vol.3 Issue 5, pp.18-34

Document Type:

Article

Publication Date:

12/2014

Document Language:

English

Document ID (Org No.):

63219

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0010956

Descriptors:

Keywords:

Abstract:

 It is axiomatic to posit that entrepreneurship is a major contributing factor to economic growth anddevelopment in any polity. However, entrepreneurial ability and leadership tend to be relative lacking inNigeria as a result of many factors inhibiting affecting its growth and development. However, Nigeriastill falls far short of the economic and social progress required to impact the well being of the averageNigerian given that over half of Nigeria’s population live on less than one dollar a day. Nigeria is alsoone of the top three countries in the world that have the largest population of poor people. In addition,Nigeria remains off track on achieving the Millennium Development Goals (MDGs), including the goalof halving the number of people who live in extreme poverty The economic reforms have not beensufficient to reverse years of economic decline, deteriorating capacity,weakened institutions andinadequate infrastructure investment while the recent dramatic stock market decline and banking crisis,and the global economic crisis have accentuated the situation This paper investigates these factorsmilitating factors against the development of entrepreneurship in Nigeria. It explores both theoreticaland empirical literature as base for the study. Despite all the efforts of government, progress ofentrepreneurs in Nigeria is still limited due to financial, infrastructure and business climate challenges. Itcan be logically correct to conclude from the above theses that these challenges still constitute obstaclesto entrepreneurs in Nigeria and have not been surmounted.

Article Details

Challenges Facing Entrepreneurs in Nigeria

Authors:

Martin Ifeanyi Okeke | Eme , Okechukwu I.

Publisher:

National Library Singapore

Main Topics:

General management

Journal:

Singaporean Journal of Business, Economics and Management Studies 2014 Vol.3 Issue 5, pp.18-34

Document Type:

Article

Publication Date:

12/2014

Document Language:

English

Document ID (Org No.):

63219

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0010956

Descriptors:

ADMINISTRATIVE SCIENCES

ENTREPRENEURS

BUSINESS ORGANIZATION

ECONOMIC DEVELOPMENT

ECONOMIC GROWTH

SIZE OF ENTERPRISE

NIGERIA

Entrepreneurs

Small - Medium Scale Business

Business Climate

Infrastructure and Financial Challenges

Government Policy and Socio - Economic Development

Issues

Article Details

Authors: Martin Ifeanyi Okeke | Eme , Okechukwu I.

Publisher: National Library Singapore

Main Topics: General management

Journal: Singaporean Journal of Business, Economics and Management Studies 2014 Vol.3 Issue 5, pp.18-34

Document Type: Article

Publication Date: 12/2014

Document Language: English

Document ID (Org No.): 63219

Frequency: Monthly

pISSN: 23013621

DOI: 10.12816/0010956

Descriptors:

Issues

Authors:

Martin Ifeanyi Okeke | Eme , Okechukwu I.

Publisher:

National Library Singapore

Main Topics:

General management

Journal:

Singaporean Journal of Business, Economics and Management Studies 2014 Vol.3 Issue 5, pp.18-34

Document Type:

Article

Publication Date:

12/2014

Document Language:

English

Document ID (Org No.):

63219

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0010956