The Impact of Entrepreneurship Growth in the Development of Nigerian Economy
Money Udih *
Federal University of Petroleum Resources Effurun (FUPRE), PMB 1221, Delta State, Nigeria
Edjore Emmanuel Odibo
Federal University of Petroleum Resources Effurun (FUPRE), PMB 1221, Delta State, Nigeria
*Author to whom correspondence should be addressed.
Abstract
The study investigated the impact of Entrepreneurship growth in the development of the Nigerian Economy using two sample cities of Warri and Ughelli in Delta State. The paper used primary and secondary data to generate the information. The methodology employed was the Narrative Textual Case Study (NTCS) method, while non-probability and convenience sampling technique was used to select the sample size. The data gathered were analysed using percentages, autocorrelation (Dubin Watson technique) and Chi-square test statistics were used to test for the level of significance and validity. The research findings were; entrepreneurship growths encourage wealth creation and create employment; increase in entrepreneurship development increases GDP growth rate while one of the recommendations is for entrepreneurs to be encouraged to form clusters groups to developed new comers entrepreneurs.
Keywords: Entrepreneurship growth, economic growth rate, economic development, GDP growth rate, entrepreneurship advancement