The Development of Entrepreneurship in a Depressed Economy (a Case Study of Nigerian Association of Small-scale Industrialists (Nassi) Enugu State Chapter)
Abstract on The Development of Entrepreneurship in a Depressed Economy (a Case Study of Nigerian Association of Small-scale Industrialists (Nassi) Enugu State Chapter)
This research work strives to evaluate the extent of development in Entrepreneurship in a depressed economy like Nigeria. A closer and pragmatic approach was adopted by using Nigerian Association of Small-Scale Industrialists (NASSI) Enugu State Chapter. NASSI has been seen as one of the nation’s governmental agency involved in manpower development and training and financing small-scale industrialists. In view of this the following is being recommended for improving this developmental objective.
- Government commitment in developing the sector, this giving the much desired self-reliance a priority by investing in the project.
- The entire citizenry are enjoined to be creative by being involved in creation of opportunities for self-reliance rather than relying on government and other big companies for their jobs.
- The provision of an organized loan-revolving scheme, thus making it mandatory for benefactors to repay in time.
- Nassi should as well try and organize their curricular towards giving trainings that are practical and not theoretical so as to feel the impact in a short period of time. And finally the need to inculcate into our psych and schema the need to be technologically self-reliant.
Therefore, the research is suggesting that further studies could be done on this by evaluating the impact of small-scale enterprises in the economy. And the prospects of the Nigerian Entrepreneur in a depressed economy. Consequently, the research solicits for NASSI to be more pragmatic in their operation vis-à-vis the decree of which they were established and then government in its own effort to try and create an enabling environment for entrepreneurship development. In +his words Abrahim Maslow (A psychologist known for his theories regarding human needs) insinuated that “the most valuable 100 people to bring into a deteriorating society would not be economists, or politicians or engineer rather 100 entrepreneurs.”