Innovation Role of Entrepreneurs in Poverty Reduction

Over the years there has been a growing number of poor people in Nigeria and unemployment is on the increase. Entrepreneurship among micro and small enterprises have not been given the desired attention to make them viable and performed their expected role of innovation where entrepreneurs think of creativity. Thereafter transform those creative ideas into reality through ensuring the production of new products or adding value to existing products and ensure those products flourish in the market. This led to income generation for entrepreneurs and expansion of productivity which gives room for employment of more labour thus reducing poverty among the people.