Select Currency
Translate this page


Format: MS WORD  |  Chapter: 1-5  |  Pages: 74  |  1487 Users found this project useful  |  Price NGN3,000







The worldwide economic depression of the early 80’s caused a rapid deterioration of the Nigeria economy. The output shrank to an all time local and commercial activities, which were consequently reduced, leading to the loss of employment opportunities in the country. Therefore, by the end of 1985, the unemployment situation in Nigeria had increased its proportions and as such most Nigeria graduates were faced with hardship due to unemployment in the country. This situation therefore calls for entrepreneurship in Nigeria economy which also leads to entrepreneurial development in the higher institution.

However, at this juncture a brief history of entrepreneurship in Nigeria will give more insight on the study. Statistics have it that Africais the poorest and less developed continent in world. Many state-owned enterprise in Africa were created when it was believed that the fastest route to development occurred when the state took on the role of entrepreneur. Although Nigeria was at one time characterized by such inefficiency, but has recently pursued entrepreneurship encouragement policies. And the initial indications suggest that the policies have been successful. InNigeria, the state-owned enterprises traditionally clogged business opportunities and restructure private entrepreneurs from entering the market. However, in the mid 1980’s Nigeria abolished it’s marketing board, which prevented entry into certain industries and it’s market to competition from domestic entrepreneurs.

Although Nigeria is still ploughed by many development problems preliminary evidence suggest a favourable response by the private sector to the new entrepreneurial opportunities. Although there is only limited consensus about the characteristics of entrepreneurship, the concept is almost as old as the formal discipline of economics itself. Early 18thcentury French economist named Richard Canadian first introduced the term entrepreneur. In his writings he formally described the entrepreneur as the agent who buys the means of production at certain prices in order to combine them into new product. (Schumpeter, 1951) short after that the French economist J. B. added to the Castilian definition by including the idea that entrepreneurs has to be leaders. That an entrepreneur is one who build a single product organism. (Schumpeter, 1951).

The necessity of entrepreneurship for productivity was formally recognized   by Alfred Marshall in 1990. In his famous practice principle of economics,Marshallascertains that there are four factors of production; Land, Labour Capital and organization. These  factors are properly utilized by an entrepreneur. Thus entrepreneur  creates new commodities or improve the plan of producing an old commodity. (Marshall1994). Hence early entrepreneurs were characterized with production and manufacturing. In this case, the producers most often started with small capital. Early entrepreneurship started with trade by barter even before the advent of money. However, modern entrepreneurship inNigeriastarted with the coming of the colonial masters, who brought in their wears and made Nigerians their Middlemen. In this way modern entrepreneurs was conceived. Most of the modern entrepreneurs  were engaged in retail trade or sole proprietorship.


When comparing entrepreneurship development inNigeriawith other countries likeAmerica,Japan, China etc, we realize that these countries started on the same platform asNigeriastarted with trade by barter and then advanced to their present state of economic growth. In fact they are faster in their development of entrepreneurship thanNigeria. Why this differences? This research work will find out to this effect the following:-

1) The general problem encountered by entrepreneurs inNigeriain establishing business.

2) To find out the basic orientation that should be given to Nigerian entrepreneurs.

3) To discover the rate of employment and find out the various business opportunities that will be of help to the Nigerian economy through entreprenurship.

4) To also find how government program has been of help to various entrepreneurs in the country.


From all that has been mentioned above, it is the aim of the study to find out the or know entrepreneurial benefits on the following:-

-   Small scale business

-   Nigeriaeconomy

-   To various employers and employees

-   To business organizations.


The small-scale business will benefit immensely, if the government is encouraging entrepreneurs in the country and proper orientation on their obligation as an entrepreneur towards business is given. Besides, an enabling environment should be created to enable them to thrive, and also carry out their functions in the business environment. Thus small-scale business in the country will grow if government can also provide financial assistance in order to encourage the individual entrepreneurs.


There will be a tremendous increase or improvement in the Nigerian economy. Entrepreneurship will be of benefit to industrial, household, firms and government. In the area of decision making, organizing the organizational structures, and making out plans are accomplished. Thus, this will go a long way in increasing job opportunities in the country, which in turn will reflect on the country’s capital income, and this will increase the rate of the G. N. P.


Entreprenurship will be of importance to employers and employees. In the areas of employers, it will enrich their managerial skills, their vision, purpose and plans for the organization. Also in the area of the employees, there will be job opportunities for the graduates and other school leavers and this will reduce the rate of dependence ratio in the country that is not solely relying on government to provide jobs. To this effect, the government has introduced various programs under the as to motivate both the employers and employees. Under this program, the N.D.E. provides loans to graduates for the operation of small-scale business.


Entreprenurship will also be of immense benefit to business organizations because the Nigerian economy and its environment will be an investing area for most investors due to capable skilled workers that will handle the affairs of the organization or company without involving much foreign counterparts on the job. Thus, will in turn create more job opportunities in the country and this will increase the level of organizational profitability ratio.


It is an obligation on the part of the researcher to survey and evaluate the purpose of entrepreneurial development and its benefits to the economy. The researcher will also find out the tactics of an entrepreneur in the 1980’s, the causes and the brain behind their failures and success. The researcher will also find out various economics scholars who have contributed immensely to the growth of entrepreneur in the world. The researcher will also find out more information about entreprenurship in the country. However, the study of the researcher covers the purpose of entrepreneur in the country particularlyEnuguState.


The following research questions were imposed: -

i What is the essence of Entrepreneurship in an economy?

ii What are the problems of Entrepreneurship?

iii Does organization benefit from entrepreneurs?

iv What has the government done for entrepreneurs in the country?


The following hypothesis would be tested: -

i  Ho – Entrepreneurs does not encourage large scale production in the economy.

Hi – The essence is to build up the nation’s economy to create employment and to improve managerial skills.

ii. Ho- Entrepreneurial problems are not only in the following level of Managerial skill and poor infrastructure.

Hi – Entrepreneurial problems inNigeriaare as follows: -Financial Constraint,  lack of managerial skills and poor orientation.

iii      Ho- Organizations benefits from entrepreneurs in organizational planning.

Hi – Organization does not benefit much from entrepreneurs due to Inefficiency of job performance.

iv Ho- Government plans towards the provision of credit facilities is not encouraging.

Hi- Government plans for entrepreneurs is to provide credit facilities to various entrepreneurs in the country.


The importance of the study cannot be over-emphasized, since it is expected to affect our economy and also increase the creation of job opportunities in the country especially inEnugustate. However, this project when completed will be of immense benefits to the following: -

-  The Nigerian economy in general

-  The small-scale industries

- The general public

-  Creation of job opportunities in the country.

-  Also there will be increase in the managerial skills.


The study is limited to the benefits and impact of entrepreneurial development with special attention toEnuguState. Besides, in the course of studying or conducting this research, there are some hindrances like not having enough materials to research on. Also the researcher is faced with time constraint as it has an effect on my study time in the framework of my school assignments and quizzes.


The following terms used in this study should be taken to mean the following.


These are articles of trade


National Directorate of Employment

NEW PRODUCT These are new existing products in the market environment G. N. P Gross National Product ENTREPRENEUR.

This is a person who starts a business and takes the finance risks and personal risks involved in keeping the business going.


An entrepreneur is an individual agent who buys means of production at a certain price in order  to combine them into new product.



ANI B.N. (1999) Entrepreneurial Development Enugu J. T. C.   Publishers, Edinburgh Road.

ODIKE J. C. (2001) Managerial EconomicsEnugu, J. T. C. Publishers, Edinburgh Road.


Not What You Are Looking For?

For Quick Help Chat with Us Now!

+234 814 010 7220

+233 54 135 1187

Here's what our amazing customers are saying

Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Gbadamosi Solomon Oluwabunmi
Swift delivery within 9 minutes of payment. Thank you project master
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.


  • Select 3 Project Topics of your choice from your Department.
  • Submit the 3 topics to your Supervisor for Approval.
  • Call Our Instant Help Desk on +234 814 010 7220 and Get Your Complete Project Material Instantly.
  • All project materials on this website are well researched by professionals with high level of professionalism.


How do i choose a Project Topic?

Look for your department and select any topic of your choice

I have a fresh topic that is not on your website. How do I go about it?

How fast can i get a complete project from your website?

Within 15 minutes if the exact project topic is on our website

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

One of your topics suites my project, but the case study is different. What do i do?

Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

How do i get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 814 010 7220

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!