Entrepreneurship development and its impact on SMEs in developing countries; the study sets out to accomplish
the objectives which were to: ascertain why Nigerian government ignored the human capital development of its citizens
find out why Nigerian government silent on the misuse of public funds appropriated development of SMEs. The study
used secondary sources. The findings were that: refusal to develop its citizens yielded huge idle fund. Section 308 of
1999 CFRN empowers the President or Vice President, Governor or Deputy Governor misuse it without consequence
in law in Section 65 of 1999 CFRN-up to at least school certificate or its equivalent mediocre members of the National
Assembly. Based on these findings the following recommendations were made that: Nigerian should be transformed
into literate citizens to enable them become innovative entrepreneurs. The educational standard for membership of
National Assembly of Nigeria should read a good degree from a recognized university to qualify them as effective
participants in global politics and economy. Every Nigerian in official or personal capacity should live under the Rule of
Law.