Entrepreneurship Development and Sustaining Economic Growth in Nigeria

Abstract

This study examines the relationship between entrepreneurship development
and sustaining economic growth in Nigeria. Simple random sampling technique is used to select 105 entrepreneurs from the three senatorial zones of Osun State. Questionnaire is designed to elicit information on entrepreneurship development, employment generation and poverty reduction. Pearson Product Moment Correlation Coefficient (PPMCC) is used to analysis the data. Results reveal among others that entrepreneurship development is positively and significantly related with the employment generation and poverty reduction respectively. The study concludes that entrepreneurship development leads to sustainable economic growth through job creation and poverty reduction. The implication of the study
shows that entrepreneurship development invariably leads to job creation which consequently leads to economic growth and development. The study therefore recommends that federal government should provide enabling environment for entrepreneurship development by provide necessary basic amenities and infrastructural facilities that will enable entrepreneurs to thrive in their various places of operation in the country.