THE CONTRIBUTION OF ENTREPRENEURSHIP PROGRAM TO ECONOMIC DEVELOPMENT

CHAPETR ONE

INTRODUCTION 

1.1        Background of the study

1.2        Statement of problem

1.3        Objective of the study

1.4        Research Hypotheses

1.5        Significance of the study

1.6        Scope and limitation of the study

1.7       Definition of terms

1.8       Organization of the study

CHAPETR TWO

2.0   LITERATURE REVIEW

CHAPETR THREE

3.0        Research methodology

3.1    sources of data collection

3.3        Population of the study

3.4        Sampling and sampling distribution

3.5        Validation of research instrument

3.6        Method of data analysis

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS AND INTERPRETATION

4.1 Introductions

4.2 Data analysis

CHAPTER FIVE

5.1 Introduction

5.2 Summary

5.3 Conclusion

5.4 Recommendation

Appendix

 

Abstract

This project work examines the contribution of entrepreneurship programme to economic development. Various entrepreneurship concepts were analysed to understand the past literatures on the study of entrepreneurship. Moreso, series of definitions were also given to know different perspectives at which entrepreneurship is been viewed as well as brief history of the case study i.e. Fol-Hop limited, Ibadan. In addition to the concept of entrepreneurs. The write-up further attempt a concise review of the characteristics of an entrepreneurs, problems encountered by entrepreneurs and various sources of funds and various contributions of entrepreneurship to economy of different countries like India, as well as how it can contribute to Nigeria economy. Moreover, adequate findings were analysed and the research provided conclusion as well as necessary recommendations was given to further buttress the study of entrepreneurship programme to economic development.

 

 

 

 CHAPTER ONE

INTRODUCTION

• Background of the study

The process of socio-economic change in positive direction is the intrinsic part of human civilization. The human efforts were put to unearth the treasures of resources by in built curiosity and further augment them to generate value added products or services to offer mankind the peaceful, conformable and rich life with better living conditions. The intangible human assets inform of creativity and knowledge become driving force that will yield industrialization as the process that must accelerate economic growth and induction of social change. The faster rate of such change and forces can only be achieved by effective entrepreneurship programme which focus on management of change and industrial polices.  Entrepreneurial programme mainly on innovative propensity and management capability with newer and recent managerial skill in the society in a particular period, this determines the future of economic development of a particular nation. Entrepreneurship plays an important role in the economic growth and development of a nation. It is now view as a purposeful activity includes in initiation, promotion and distribution of health and service. Furthermore, development agencies see entrepreneurship as an enormous employment potential, politicians see it as the key strategy to prevent social unrest, farmers see it as a instrument for improving farming earning and women see it as an employment possibility near their homes which provides autonomy, in dependence and a reduced need for social support and economists see it as a means of improving of the people. However, entrepreneurship stands as a critical factor in economic development and an integral part of the socio-economic transformation. Thus, there is an increasing realical role to play in helping Africa been the deal effectively with current and emerging development and reduce poverty.  In Nigeria, entrepreneurship programme is becoming a priority within all levels of education for many reasons such as self employment and self-reliance. Poverty reduction and youth empowerment are major challenges of the nation which depend heavily on the creation of employment opportunities. This leads to greater emphasize which is placed on entrepreneurship programmes, and development with focus on both rural and women’s entrepreneurship in order to improve economic development. This will leads to advancement of national development. This project work will focus on the reasons why entrepreneurship development programme is a force for economic improvement, the contributions of entrepreneurial programme to economic development as well as identification of various problems encountered in the process of improving entrepreneurial skills and knowledge.

1.2 STATEMENT OF THE PROBLEM

 

The statement of problem of this research work is as follows, that there is:

• Inadequate financial support for the entrepreneurial business
• Lack of effective information needed for the development of the business.
• Poor productive resources required in the business
• Difficulty for entrepreneurs to develop necessary managerial skill needed for the survival of their business
• Exposure to series of risk in the course of entrepreneurial activities or business.

 

• OBJECTIVE OF THE STUDY

This research work intends to achieve the following objectives.

• To evaluate important of entrepreneurship programme to economic
• To evaluate the qualities of successful entrepreneurs
• To identify various source of funds and information available to entrepreneurs
• To examine the contributions of entrepreneurship to the development of Nigeria economy.
• To identify the problems and risk involve in entrepreneurship

 

• RESEARCH HYPOTHESES

For the pose of   this study, it is important to make on set an hypothesis in order to determine relevant conclusion in achieving the stated objective.

HYPOTHESIS 1:

H0: There is no significant relationship between entrepreneurship programme and economic development.

H1: There is significant relationship between entrepreneurship programme and economic development.

HYPOTHESIS 2:

H0: There is no significant relationship between entrepreneurships and national development.

H1: There is significant relationship between entrepreneurs and national development.

 

• SIGNIFICANCE OF THE STUDY

This project work will be of great important to an average number of youths because among youth there by promote self-substance. Thus, various opportunities such as source of funds and strategic business management skill so as to enhance entrepreneurial business within the society.

• SCOPE AND LIMITATION OF THE STUDY

The scope of the study covers the contribution of entrepreneurship programme to economic development. The researcher encounters some constrain which limited the scope of the study;

1. a) AVAILABILITY OF RESEARCH MATERIAL: The research material available to the researcher is insufficient, thereby limiting the study
2. b) TIME: The time frame allocated to the study does not enhance wider coverage as the researcher has to combine other academic activities and examinations with the study.
3. c) Organizational privacy: Limited Access to the selected auditing firm makes it difficult to get all the necessary and required information concerning the activities.

1.7 DEFINITION OF TERMS

This study intends to examine various concepts used in the research in order to make a good clarification. They are as follow.

ENTREPRENEUR: According to Richard Cantillon (1725) defines it as agent who buys means of production at certain prices in order to combine them thereby creating a new product. American Heritage Dictionary (1980) defines entrepreneurs as a person who organizes, operates, and assumes the risk for profit motive.

ENTREPRENEURSHIP: Amit et al (1993) defined entrepreneurship as the dynamic process of extracting profit from a new, unique and valuable combination of resources in an uncertain and ambiguous environment. Schumer view it as the process of persistent pursuit of opportunity to create wealth through innovative creation of a product or using scarce resources.

PROGRAMME: This is a process of presenting a detailed learning skill.

DEVELOPMENT: Is a process of economic political, Socio-Cultural technological and administrative transformation. It is the movement of programme from good to better position. That is from under developed to developed position.

 

1.8 ORGANIZATION OF THE STUDY

This research work is organized in five chapters, for easy understanding, as follows

Chapter one is concern with the introduction, which consist of the (overview, of the study), historical background, statement of problem, objectives of the study, research hypotheses, significance of the study, scope and limitation of the study, definition of terms and historical background of the study. Chapter two highlights the theoretical framework on which the study is based, thus the review of related literature. Chapter three deals on the research design and methodology adopted in the study. Chapter four concentrate on the data collection and analysis and presentation of finding.  Chapter five gives summary, conclusion, and recommendations made of the study

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