Impact of Entrepreneurship Development on Economic Growth of Enugu State: A Study of Registered Entrepreneurs in Enugu State, Nigeria
International Journal of Economics, Business and Management Research, Vol. 1, No. 02; 2017
16 Pages Posted: 1 Jul 2019
Date Written: June 30, 2017
This study titled “Impact of Entrepreneurship Development on Economic Growth of Enugu State” was designed to determine the effects of entrepreneurship development on the economic growth of Enugu State. The literature reviewed brought into limelight the effect of entrepreneurship development on the Economy. The specific objectives are: to determine the extent entrepreneurial activities impacts the standard of living of the people in Enugu State, to ascertain the impact of multiple taxation on entrepreneurial activities in Enugu State and to examine the extent entrepreneurial activities create job employment for the people of Enugu State. The study used survey research design of which structured questionnaires were administered to the sample drawn from the population of the study. The data collected were analyzed with chi-square (X2). The study discovered that entrepreneurial activities create job opportunities which subsequently enhance the standard of living of the people of Enugu State and therefore concludes that the role of entrepreneurial activities on economic development cannot be over-emphasized because it enhances the socio-economic well-being of the people. The study recommended that the government should revamped the initiated programmes (Micro finance bank, Bank of industry (BOI) etc.) by appointed men of good will that have passion for entrepreneurship to head some of the establishment in an attempt to enhance their activities taking cognizance of the vital role it plays on the economic development of the State.
Keywords: Entrepreneurship Development, Economic Growth, Entrepreneurs, Programmes
JEL Classification: M10
Suggested Citation: Suggested Citation