Entrepreneurship Development and Unemployment Reduction in Nigeria

World over entrepreneurs occupy a central position in any market economy. They serve as the spark plug in the economy’s engine activating and stimulating a greater percentage of economic activities. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct. A society is prosperous only to the degree to which it rewards and encourages entrepreneurial activities because the entrepreneurs and their activities (form the two legs of the tripod that are the critical determinant of the level of success prosperity growth and opportunities in any economy. The critical third being inter-related issue of regulationsconcessions and compliance This explains why analysts posit that “The most dynamic societies in the world are the ones that have the most entrepreneurs plus the economic and legal structure to encourage and motivate entrepreneurs to greater activities.”