Open AccessImproving Entrepreneurship In Nigerias Emerging Economy
Author(s) -
Adewale Onifade
Publication year - 2010
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v9i5.564
Subject(s) - entrepreneurship , language change , unemployment , government (linguistics) , population , abandonment (legal) , vocational education , business , economic growth , economics , finance , political science , law , sociology , art , linguistics , philosophy , demography , literature
Employment is a cure for unemployment and its attendant vices like armed robbery, corruption, forgery, internet fraud, and drug trafficking. An “idle mind is the devil’s workshop”, so says a popular adage. There is increasing unemployment due to too much emphasis on liberal education devoid of vocational and entrepreneurship education and increasing population. Although Nigerian governments try to promote entrepreneurship by making policies regarding funding of businesses, providing enabling infrastructure, implementation of the policies is nothing to write home about because corruption has led to the abandonment of contracts on electricity supply and means of transportation. If the government is to achieve its dream of making Nigeria one of the 20 greatest economies of the world, it should improve electricity, road and railway transportation systems, security, and reduce the cost of communication and entrepreneurship development which is newly introduced at all levels of its educational system.