Transforming the Nigerian Economy Through Entrepreneurial Leadership: Challenges and Prospects
Year: 2016
Type: preprint
Abstract: Conceptual and empirical literature on entrepreneurship development in Nigeria has increased tremendously in the last decade (2007-2016) due to refocusing of government policies towards entrepreneurship skills acquisition (especially in the Nigerian tertiary institutions) and application to revamp the economy through innovations: new idea, new product, and new start-up. However, literature search on entrepreneurial leadership in Nigeria revealed that the area has been neglected, despite the importance of entrepreneurs’ leadership skills to the development, growth and sustenance of future entrepreneurs and indeed, enterprises in the country. It is against this backdrop that this study review extant literature with a view to determining challenges and prospects of entrepreneurial leadership in Nigeria. Through the adoption of library-and-desk research methods, the study was able to make logical deductions regarding the prospects of entrepreneurial leadership in Nigeria, which include raising future entrepreneurs through transfer of entrepreneurial skills and attitudes, increasing level of innovation through new entrepreneurs and enterprises, increasing government revenue from newly established enterprises, increasing level of political participation when successful entrepreneurs vie for political positions, and attaining true transformation of the country.
Source: SSRN Electronic Journal
Author: Mohammed Mawoli
Institution: Ibrahim Badamasi Babangida University
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3158609374