Pyrex Journal of Business and Finance Management Research

March 2016 Vol. 2(3), pp. 010-013

Copyright 2016 Pyrex Journals




Original Research Article


Entrepreneurship: Issues and Solutions Evidence From Nigeria


Gylych Jelilov1* and Evren Onder2

1Department of Economics, Nigerian Turkish Nile University Abuja, Nigeria.
2Gazi University Social Science Institute, Ankara, Turkey.

Corresponding Author E-mail: jelilov@ntnu.edu.ng

Accepted 22nd February, 2016



Abstract


This paper discusses the evolution and current development of principles and practice of entrepreneurship in Nigeria. It also examines the effect of entrepreneurship in fostering economic growth and development. The methodology adopted was the narrative-textual case study (NTCS) method, which is preferred because of the absence of sequential data related to entrepreneurship and sustainable economic growth in Nigeria. However, interviews were also conducted. We recommend that there should be proper policy coordination and policy stability; reforms in the educational curriculum to prepare students for self-reliance; and fixing the power sector-Nigeria's basic infrastructure. When we have flourishing micro, small and medium enterprises (MSMEs), gainful employment will be created, wealth created will be distributed evenly and economy is developed.

Keywords: Micro, small and medium enterprises (MSMEs), GDP growth rate, Narrative-Textual Case Study (NTCS) and interview.

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