Entrepreneurship, Public Policy and Poverty Reduction in Nigeria

Abubakar S. Garba

Abstract


The objective of this paper is to highlight the importance of entrepreneurship and public policy toward poverty reduction in Nigeria. Entrepreneurship has proven to be a mechanism for poverty reduction through creation of employment opportunities, income as well as wealth. In some occasion entrepreneurs exploit opportunities at the expense of the existing policy to engage in activities that are not economically and socially productive. They neither create wealth nor do they improve on the economic performance of a country. The author conducted survey and interview to solicit for data from small and micro enterprises across Kano state and also used secondary information in analysing the situation in the country. Infrastructural decay, lack of coherent policies and institutional framework were partly responsible for escalating poverty in the Nigeria. Therefore, it is recommended that the government while designing a policy toward entrepreneurship attempt should be made to identify and encourage high impact entrepreneurs that will genuinely contribute in creating real jobs and poverty reduction.

Keywords


Entrepreneurship; Public policy; Rule of the game; Coordination failure;Poverty,

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DOI: http://dx.doi.org/10.18533/ijbsr.v2i2.200

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International journal of business and social research (Print)
ISSN 2164-2540

International journal of business and social research (Online)
ISSN 2164-2559

[International Journal of Business and Social Research (IJBSR) previously published by MIR Center for Socio-Economic Research, MD, USA. From February 2018 this journal is published by the LAR Center Press, OR, USA]