This paper explores the effectiveness of entrepreneurship in job creation, hence, underlining the importance of the MSMEs sub-sector in the socioeconomic development of the Nigerian economy. Nowadays, the burden of job creation is not solely placed on the shoulders of the government alone but, has become a joint-venture effort between the public and private sectors. On this premise, the paper seeks an enduring answer to this prevalent phenomenon in entrepreneurship development. So, the paper is divided into subheadings, covering the introduction, conceptual explications, theoretical discourse on MSMEs as the driving force of socioeconomic development, and the role of entrepreneurship in the socioeconomic development of Nigeria.
The paper concludes by noting that, the transformation of Nigeria's education system into entrepreneurial-based is a way of empowering the young generations with practical skills that could help them become self-reliant (self-employed), thus reducing the increasing social vices and consequences of unemployment. Among others, it was recommended to incorporate entrepreneurship in our school curriculum where vocational subjects would become compulsory right from Upper Basic Education level through tertiary education level to train, prepare, and develop the economic mindset of the younger generations and decrease the high level of unemployment.
Inhaltsverzeichnis (Table of Contents)
- INTRODUCTION
- CONCEPTUAL EXPLICATIONS
- THE CONCEPT OF ENTREPRENEURSHIP
- CONCEPT OF JOB CREATION
- THEORETICAL DISCOURSE ON MSMEs AS THE DRIVING FORCE OF SOCIOECONOMIC DEVELOPMENT
- ROLE OF ENTREPRENEURSHIP IN SOCIOECONOMIC DEVELOPMENT OF NIGERIA
- CONCLUSION AND RECOMMENDATIONS
- REFERENCES
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to examine the effectiveness of entrepreneurship in job creation and its implications for the socioeconomic development of Nigeria, highlighting the crucial role of micro, small, and medium enterprises (MSMEs) in this process.
- The significance of entrepreneurship in driving socioeconomic development
- The role of MSMEs in fostering economic growth and job creation
- The challenges faced by entrepreneurship in Nigeria
- Policy recommendations for promoting entrepreneurship and job creation
- The importance of integrating entrepreneurship into education to empower youth
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction of the paper sets the context by highlighting the challenges faced by Nigeria's socioeconomic development, including high unemployment rates and poverty. It underscores the potential of entrepreneurship to address these issues, especially through the creation of jobs for the growing youth population.
The conceptual explications section defines entrepreneurship and job creation, emphasizing their vital role in economic growth and development. The paper explores the importance of entrepreneurship in creating new ventures, utilizing resources efficiently, and promoting innovative solutions.
Schlüsselwörter (Keywords)
The paper focuses on key terms like entrepreneurship, job creation, socioeconomic development, MSMEs, and education. The importance of these terms is further emphasized by the discussion on their role in promoting economic growth, job creation, and poverty reduction. The paper also discusses the need to incorporate entrepreneurship into education, equipping youth with skills necessary for a successful future in a rapidly changing world.
- Quote paper
- Christopher Ohanyere (Author), Sunday Adie (Author), 2022, Entrepreneurship and Job Creation. A Panacea for Socioeconomic Development of Nigeria, Munich, GRIN Verlag, https://www.grin.com/document/1440861
