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| Developing Entrepreneurship in Nigeria through Effective Public Policy: Periscoping the Impediments and Exploring the Imperative Actions |
Chukwurah, Daniel Chi Junior, PhD, Nwakoby, Nkiru Peace, PhD
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Abstract:
No Country can achieve growth without effective entrepreneurial development. Nigeria has been a Country of paradoxes. It is a Country abundantly blessed with natural and human resources but in the first four decades of its independence, the potentials remained largely untapped and even mismanaged. No effort was made to diversify the economy and reposition it to pursue entrepreneurship. Therefore, the study was carried out to investigate the impediments to entrepreneurial development in Nigeria. Data were collected through questionnaire, face to face interview, focus group discussion, journals, text books and other relevant materials. Research questions were raised and analysed. The analysis revealed that government ill formulated and ill implemented entrepreneurial policies have contributed to slow the pace of growth and development in Nigeria. Erratic power supply is hindered the creative energies. Based on these findings, some recommendations were proffered. Essentially, the government should integrate all stake holders in the pursuant of power/energy related policies to ensure stability in electricity supply. Emphasis should be shifted from the sharing of national cake to creative production of the cake
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