THE CHALLENGES OF ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA

Nigeria is blessed with abundant human and natural resources which if properly harnessed would have turned this country into a developed economy. But given the massive corruption, lack of commitment, the dominant role of public sector in the economic life of the nation, the country has lost opportunities for growth and sustainable development. It is an attempt to reverse this decline in the nation’s economy, that current government policy of private sector led growth for job and wealth creation which is anchored on entrepreneurship is being pursued with vigor. In this new dispensation, government is to provide an enabling and conducive environment for the private sector to strive. This could only come from total change of attitude and a genuine embrace of entrepreneurial development which is a contemporary phenomenon now. Globalization calls for value creation and greater competitiveness for Nigeria not to loose out. The objective of this research is to examine what need to be done to tackle the challenges faced by entrepreneurs to unleash and harness the