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PUBLIC-PRIVATE ENTREPRENEURSHIP DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: 1995-2012

BY

ABDULMUMIN JIBRIN

THESIS SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR EXECUTIVE MBA, SBS SWISS BUSINESS SCHOOL.

MAY, 2014

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CHAPTER ONE

INTRODUCTION

1.1 Background of the Problem

Public-private entrepreneurship in Nigeria has been a subject of discourse and research for decades. The increasing rate of poverty, unemployment and other social problems has become worrisome to the government and to every well meaning Nigerian. The incidence of poverty in Nigeria is

According to the global Appraisal of Public Policy on Entrepreneurship Development and Economic Growth in Nigeria entrepreneurship monitor report (2000), about 70 percent of an area’s economic performance and well being is dependent upon how entrepreneurial is the economy of the area.

The crucial role of an entrepreneur has called for policy choice by various governments all over the world to increase the supply of available Entrepreneur. The roles of an entrepreneur outlined above have made it much more imperative in a developing country like Nigeria. The country is faced with challenges of unemployment and poverty amidst abundant opportunities which has remained untapped. One dimension of this problem is youth unemployment, which has exacerbated the poverty situation. Statistics from Bureau of Statistics puts unemployment rate at 16 per cent per annum between 2007 and 2009, while youth unemployment is put at 50 per cent. These statistics clearly portends a great danger to the growth and stability of Nigeria. In fact, most of the crises and instability plaguing Nigerian state today cannot be unconnected with the rising youth unemployment. The gravity of this problem is further enunciated in the 2012 budget which made the highest allocation of about $5.7 billion (N921.91 billion) to the defense and security sector.

Statistics from the agency shows that hundreds of thousands of youths have benefitted from its various programmes which includes; Acquisition Training (673,000), Entrepreneurial (Business) training (373,366). In year 2000, a total of 21,708 youths were said to have received training in vocational skills in the 36 states of the federation. In spite of these statistics, youth unemployment seems to still go unabated.

In the recent time, Nigeria has also adopted the entrepreneurial education policy as a response to combating the menace of youth unemployment. The National University Commission (NUC), directed that all universities must incorporate entrepreneurial education in their curriculum with

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the aim of ensuring that students are equipped with the necessary knowledge and skills that can make them self reliant after graduation. Indeed, entrepreneurial education has been found to exert a positive impact on e

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