ENTREPRENEURIAL DEVELOPMENT INITIATIVE AND MICRO ENTERPRISE SUSTENANCE (A STUDY OF AWKA METROPOLISE)

ENTREPRENEURIAL DEVELOPMENT INITIATIVE AND MICRO ENTERPRISE SUSTENANCE (A STUDY OF AWKA METROPOLISE)

ENTREPRENEURIAL PROJECT TOPICS AND MATERIALS

ABSTRACT

This study evaluates entrepreneurial development initiatives and micro enterprise sustenance in Awka metropolis. The objective of this study is to determine the entrepreneurial initiatives that can sustain micro enterprises, to investigate the extent entrepreneurial initiatives can reduce unemployment and to identify the challenges of entrepreneurial development initiatives on micro enterprise sustenance, the survey research method of investigation was adopted in this research work. The study used primary and secondary source of data, data for this research work were collected using questionnaires and personal interviews on micro enterprises, data collected were analyzed using descriptive statistics such as frequency distribution and simple percentages. Findings and recommendations were made most of the micro entrepreneurs have 2-5 workers working for them ad are basically and mostly into service business. There years of business experience are 1-3 years and most of them started their businesses through you-win initiatives, entrepreneurial initiatives help to reduce un-employment. Government initiatives such as NDEP,BOI YES and YOU-WIN programmes should be sustain to help in sustaining entrepreneurial development, consistent entrepreneurial training and support should regularly be organize for micro-entrepreneurs in order to fast-track and help them grow from strength to strength.

CHAPTER ONE

INTRODUCTION

1.1.         BACKGROUND OF STUDY

In recent times entrepreneurs have been referred to as necessary pre-requisite to mobilize capital exploit natural resources and create markets to carry on trade (Harbison & myers 2004). Entrepreneurs are agents who perform a vital role in the economic growth of a country and are linked to the overall industrial development of a linked to the overall industrial development of a nation, some of this characteristics are risk-takers, decision-maker, perseverance, organizers and planner, innovative function, and Gap filling ability.

However, successive government in Nigeria has introduced various entrepreneurial developments. These programmes include Family Economic Advancement programmes (FEAP) Structural Adjustment Programmes (SAP) Green Revolution Programme (GRP) National Economic Empowerment and Development Strategy (NEEDS) at national level, State Economic Empowerment and Development Strategy (SEEDS) at state level and Local Economic Empowerment and Development Strategy  (LEEDS) at local government level, Poverty Alleviation Programme (PAP), and most recently,  the National Poverty Eradication Programme (NAPEP). These programmes failed to achieve their objectives because of poor design; it was in realization of the scenario that the Federal Government of Nigeria announced the inclusion of entrepreneurial education in higher institutions of learning as a way of promoting entrepreneurial spirit among Nigeria youths to take up self employment. This has led to the launching of programmes such as youths enterprise with innovation plan aimed at job creation and micro enterprises by encouraging band……..

ENTREPRENEURIAL DEVELOPMENT INITIATIVE AND MICRO ENTERPRISE SUSTENANCE (A STUDY OF AWKA METROPOLISE)