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POVERTY, UNEMPLOYMENT AND GROWTH IN NIGERIA: THE ROLE OF
ENTREPRENEURSHIP
Raheem Olasupo Akewushola
Department of Business Administration and Management Technology
Lagos State University, Lagos, Nigeria.
Olawale Ibrahim Olateju
Department of Business Administration and Management Technology
Lagos State University, Lagos, Nigeria.
Oludare Tolulope Adeyemi
Dimension Consult Limited, Lagos, Nigeria
ABSTRACT
This identified crucial factors influencing the growth and unravelling of entrepreneurship activity and specific role
of entrepreneurship briskness at ameliorating the burden of need, among people in Lagos State, Nigeria. It addresses
specific causal factors, indices of mendicancy and unemployment and proffered panacea to the identified problems.
The election of Lagos State was purposive because of its disposition as the engaged in traffic nucleus centre of the country. A multistage sampling course was adopted to get a example size of 250 respondents. Descriptive statistics (similar as frequency
counts, percentages and property) were used to summarise and give an account of the data.
The findings reveal that entrepreneurial activities absorbs out of employment labour and reduces the dependency ratio of working
class. It was also evident that optimum positive derivatives of entrepreneurship was not realized on this account that of inherent
problems of non-availability of accessible credit facilities and scarcity of multi-functional continuum of maintain to
entrepreneurs.
Keywords: Entrepreneurship, Poverty, Development, Growth, Unemployment.
1. Introduction
unsympathetic
Poverty in Africa is substantially higher
Underlying this run is the fact that the
than in other developing regions. More
full age of people have no jobs or safe
enigmatic is that poverty in Africa is deep-seated
sources of income. Various reasons wish
and rising. The share of the gross amount population
been given for Africa’s scantiness of response of
living below the $1 a age threshold...п»ї
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