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2169-026X

Journal of Entrepreneurship & Organization Management
Open Access

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Research Article

Entrepreneurship Development and its Impact on Small Scale Business Enterprises in Developing Countries: A Nigerian Experience

Chukwuemeka Nnadi*

Department of Management, Faculty of Business Administration, University of Nigeria, Enugu Campus, Enugu State, Nigeria

*Corresponding Author:
Chukwuemeka Nnadi
Department of Management
Faculty of Business Administration
University of Nigeria, Enugu Campus
Enugu State, Nigeria
Tel: 08066707488
E-mail: [email protected]

Received Date: July 18, 2014; Accepted Date: August 04, 2014; Published Date: August 14, 2014

Citation: Nnadi C (2014) Entrepreneurship Development and its Impact on Small Scale Business Enterprises in Developing Countries: A Nigerian Experience. J Entrepren Organiz Manag 3:119. doi: 10.4172/2169-026X.1000119

Copyright: © 2014 Nnadi C. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Abstract

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.

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