The
study of entrepreneurship in Nigeria is still at the foundation level and needs
more efforts and program for it grow up to the expected level. Consequent upon
that, the Nigerian government has made a good numbers efforts towards the
development of the studies and practices of entrepreneurship
It
is not as if Nigeria’s hopes of economic superiority rest on individual
optimism and enterprise alone. Right after the reinstatement of democracy in
1999, the government of former president of
Obasanjo unveiled ambitious plan to
take the sub-Saharan nation to the top 20 world economies by 2020. Abuja is
still a signatory to the UN millennial declaration of 2000 for the achievement
of universal human right relating to health, education, shelter, and security-
in a time bound manner by 2005. Both objectives present mammoth challenges for
Nigeria in terms of reversing past trends evolving innovative strategy for
sustainable and inclusive growth.
The
primary focus of Obasanjo’s policies centered on accelerated development
through entrepreneurial education {which he made mandatory for college students
of all discipline} and the creation of condition favorable to a new business
regime built on innovation and adaptability.
The federal government has since initiated successive programmes aimed
at promoting enterprises through widespread use of technology social relevant
business models. The extent of success of these and other measures, however, is
still a matter of debate.