The Problem And Prospects Of Entrepreneurship Development In Enugu State. (a Case Study Of Enugu South Local Government Area)`

This study was conducted to determine some base line data essential for improvement of poor entrepreneurial development in Enugu south Local Government Area. 

To solve the research problem, both primary and secondary data were collected. The researched instrument used in collecting the data was questionnaires the respondent were selected entrepreneurs in Enugu south local government Area.

In organizing and presenting data colleted, tables and percentages were used. Two hypotheses were tested using the chi-square method.

Population for this study was drawn from six (6) communities in Enugu South but for the purpose of this work, the researcher utilized only the registered entrepreneurial business with the revenue unit of Enugu south Local government Area. 

 The Population covered is so while the sample size is 67 which 40 of the 67 questionnaires were returned while 27 were not seen.

Data analysis and interpretation were also treated. 

Ani Victoria ABM/H2002/142.   

The entrepreneur plays a vita role in the process of economic growth and development.

 Iwu Eze A. [1986] in a paper presented in on entrepreneurship development in Nigeria said that an entrepreneur is a contractor, an organizer of an enterprise for the public, a resourceful person with a dream. Entrepreneurs are bold men and woman who have initiative and the ability to lead, manage and take the consequences. They are men of action, risk takers, missioners, creative and highly respected of their ability to effectively and efficiently concubine the functions of management to achieve the go alls]. 

 He also noted that during the colonial period, only few of Nigerians could boast of personal or family capital to start off any meaningful business and hence the next place of call for business and financial was bank. It is a well known flat that banking operations during the colonial era were highly and sparsely limited urban centers. The bank at that time existed to serve the internets of the colonial civil servants who had appreciated incomes to warrant banking transaction Nigerians who had no collaterals or big financials to guarantee their loans could not hope on banks to start off any business.

 During the colonial era, the Nigerian businesses scene was dominated even at the grassroots levels by inclines, Greeks, Ghanaians, Sierra Lonians and others. These foreign nationals had a better exposition from the Nigerians and with this advantages, it was easy to dislodge them when the colonials left the scene in 1960. Then, in other to give Nigerians an opportunity in participating and shaping their country economic future, the federal government introduced indigenization and enterprise promotion dance of 1972 and  it’s revision in 1977. The objective was to foster economic self-reliance and maximize external intervention in politics.

 Against, the national development plans were introduced and also in July 1986 SAP [structural adjustment programme] was introduced. Entrepreneurship constitutes a vital engine in the economic growth and development of nations including Nigeria because it helps in the stimulation of indigenous entrepreneurship, leads to the transformation of traditional industry, creates employment opportunities, generates incomes [locally and externally] contributes to regional activity and co-operation etc.

 According to Ani N.B. [1999,5,7] said that entrepreneurship started when people produced more products than they needed and as such, had who also these surpluses with others who also wanted to dispose of their surpluses.  For instance, if a black smith produced more hoes then he needed, he exchanged the surplus he had with what he specialization. This process is known as trade by barter before the advent of any form of money.

 Modern entrepreneurship in Nigeria started with coning of the colonial masters and during the era, Nigeria was not their own masters. An entrepreneur often needs starting capital, which is normally small and derived from personal savings or from family sources.

 Concrete attempts at encouraging the growth and development of entrepreneurship have led to the establishment of some government agencies as industrial development [I.D], small scale industry corporation [SSIC], Nigerian bank for commerce and industries [NBC], national economic reconstruction fund [NERFUNA] directorate of foods, roads and viral development [DFRRI] etc.

All these have been made to ensure the sustain ace and growth of small and medium scale enterprises in the country.

Title page           ii

Approval page          iii

Dedications          iv

Acknowledgement         v

Abstract           vii

Table of contents          viii

CHAPTER ONE 

Introduction         1

1.1 Back Ground of the Study.      1

1.2 Statement of the Problem       4

1.3 Purpose of the Study       5

1.4 Scope of the Study        6

1.5 Research Questions       6

1.6 Significance of the Study       7

1.7 Limitations of the Study        7

1.8 Definition of the Terms       8

Reference          11

CHAPTER TWO

Review of Related Literature      12

2.1   Review Related Literature      12

2.2.   Meaning and Scope       15

2.3. Characteristics of a Successful Entrepreneur     17

2.4.   Function of Entrepreneur       18

2.5.  Basic Factors Entrepreneur Should Consider Before  

Embarking on any Business.       20

2.6. Sources of Fund Available to An Entrepreneur.   21

2.7. Problems of Nigeria Entrepreneur.     22

Reference         25

CHAPTER THREE 

Research Design and Methodology      27

3.1 Research Design         28

3.2   Area of Study        28

3.3 Population of the Study        29

3.4 Sample and Sampling Techniques      29

3.5 Sources of Data Collection       30

3.6  Validation of the Instrument       32

3.7 Reliability of the Instrument      32

3.8 Method of Data Collection       33

3.9 Method of Data Analysis       34

Reference          36

CHAPTER FOUR

Data Presentation and Analysis, Chi-Square and 

Tables Were Used.        37

4.1 Presentation and Analysis       37

4.2 Testing of Hypothesis       52

4.3 Summary of Results.       58

CHAPTER FIVE 

Discussion, Recommendation and Conclusions    59

5.1 Discussion of Results/ Findings      61

5.2 Conclusion          61

5.3 Implications of the Research Findings     62

5.4 Recommendations         63

5.5 Suggestions for Further Research      64

 Bibliography         65

Appendixes          68