Entrepreneurship Development and the Growth of Micro, Small and Medium Enterprises in Nigeria
Entrepreneurship Development and the Growth of Micro, Small and Medium Enterprises in Nigeria

Summary/Abstract: The study examines the impact of entrepreneurship development on the growth of MicroSmall and Medium Enterprises (MSMEs’) in Nigeria using a Lagos based MSME in the Information and Communication Technology industry, Befy Links Nigeria Limited. The roles of Micro, Small and Medium Enterprises (MSMEs), as a catalyst for economic growth, have been well documented in the economics literature. The recent global economic crisis negatively affected productive activities and reduces business operations, investments and demand for goods and services. This forced many countries to look for alternative means of growth and development. One of these alternative approachesis the encouragement of micro, small and medium scale enterprises. The study employed descriptiveand Chi-square techniques for the analyses. Questionnaires were randomly administered to the workersand customers in the company. It was found that entrepreneurship development has a significant impact on the growth of MSMEs and that training and re-training of existing and intending entrepreneurs arenecessary to ensure sufficient impact of entrepreneurship development on the growth of MSMEs inNigeria. Government and stakeholders in entrepreneurship development should support, promote andensure that MSMEs are given the necessary impetus to function efficiently. Entrepreneurs should alsocultivate the right attitude that would engender partnerships and pooling of resources. The entrepreneurship programmes (EDPs), should not be left to the public sector and professionals in othersectors of the economy should utilize the potentials in these programmes. The unique contribution ofthe study is that it takes an interest in the information and communication technology sector.

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