ADMINISTRATION OF ENTREPRENEURSHIP POLICY AND EMPLOYMENT GENERATION IN SOUTH -WEST, NIGERIA (2004 -2014)

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TABLE OF CONTENTS

Content                                                                                                                 Page

Title Page                                              i                                              

Certification                                                                                                      ii

Dedication                                                                                                   iii

Acknowledgements                                                                                         iv

Abstract                                                                                                        vi

Table of Contents                                                                                         vii

List of Tables                                                                                             xi

List of Figures                                                                                               xvii

Abbreviations                                                                                                   xviii

List of Appendices                                                                       xix

CHAPTER ONE – INTRODUCTION

1.1       Background to the Study                                                                          1

1.2       Statement of the Problem                                                             4

1.3       Objective of the Study                                                                   5

1.4       Research Questions                                                                           6

1.5       Hypotheses                                                                                     6

1.6       Significance of the Study                                                             7

1.7      Scope of the Study                                                                             7

1.8       Operational Definition of Terms                                                            8

1.9       Outline of the Study                                                                           8        

CHAPTER TWO – REVIEW OF LITERATURE

2.0       Introduction                                                                                         9

2.1       Conceptualizing Entrepreneurship                                                       9

2.2       Public Policy                                                                                         14

2.3       Concept of Administration                                                                       16

2.4       Concept of Public Administration                                                17 

  2.5      Concept of Unemployment                                                                                         18

2.6       Empirical Review                                                                                     22

2.7       Entrepreneurship Policy and Economic Development         26

2.8       Entrepreneurship development in Nigeria                                           29

2.9       Gaps in Literature                                                                              39

2.10     Theoretical Framework                                                                 40

CHAPTER THREE – METHODOLOGY

3.0       Introduction                                                                                43

3.1       Research Design                                                                              43

3.2       Population                                                                                            43

3.3       Sample size and sampling Technique                                         44

3.4       Sample Selection                                                                            45

3.5       Method of Data Collection                                                            46

3.6       Sources of Data                                                                       46

3.7       Instruments of Data Collection                                                    47

3.8       Validity and Reliability of Research Instrument                        47

3.9       Method of Data Analysis                                                                  48

3.10     Ethical Issues                                                                                     48

CHAPTER FOUR – DATA ANALYSIS AND RESULTS

4.0       Introduction                                                                                             49

4.1       Analysis of demographic characteristics of the respondents  (Bank of Industry)      50

4.2       Analysis of demographic characteristics of the respondents of Small and Medium Enterprises Development Agency (SMEDAN)                                                   54

4.3       Effects of Bank of Industry and SMEDAN on Employment Generation in Nigeria            60             

4.3.1    Relevance of Entrepreneurship Development Centre to Employment Generation in South West Nigeria                                                                     64

4.3.2    Contributions of Bank of Industry to Employment Generation in South West Nigeria                                                                            66                        

4.3.3    Contributions of SMEDAN to Employment Generation in South West Nigeria      67

4.3.4    Contributions of National Enterprise Development Programme (NEDEP) to Employment Generation in South West Nigeria                   68  

4.3.5    Contributions of Youth Enterprise with Innovation in Nigeria (YOUWIN) to Employment Generation in South West Nigeria     70 

4.3.6    Contributions of SMEDAN to Employment Generation in South West Nigeria      72              

4.4        Formulation of Government Policies that affect Entrepreneurship Development in South-West, Nigeria                                    74

4.4.1    Effectiveness of Policy on Entrepreneurship to Reduce Unemployment in South  West Nigeria                              75

4.4.2    Favorability of Government Entrepreneurship Policies on MSMEs in South   West Nigeria                                                                                    76                                                          

4.5       Impact of Entrepreneurship Development on Employment Generation in South  West Nigeria                                                          77                                                                 

4.6       Relevance of the Nigerian Educational System on Entrepreneurship Development in South West, Nigeria                                               96                4.7            Relevance of Capacity Building on Entrepreneurship Development in South   South West Nigeria      106             

  4.8       Results of Hypotheses testing   115                                                                  4.9       Discussions of the results of Hypotheses Testing.                  132

4.10    Jobs created by Bank of Industry                                                           135

4.11     Analysis of Interviewee Responses (Bank of Industry, Lagos, Ogun and Ondo State Officers)                                                          137

4.12     Jobs Created by SMEDAN                                                              139

4.13     Analysis of Interviewee Responses (SMEDAN, Lagos, Ogun and Ondo Officers)                                                            140                   

4.14      Discussion on Responses of Interviewees                              142

CHAPTER FIVE – DISCUSSION OF FINDINGS

5.0       Introduction                                                                                     144

5.1       The Causes of Unemployment in South-West, Nigeria                        144

5.2       Administration of Entrepreneurship Policies in South-West

           Nigeria in Promoting Employment Generation                       146

5.3       Effects of Bank of Industry and SMEDAN in Addressing Unemployment in  South West Nigeria     151      

5.4       The role of Entrepreneurship Education in Addressing Unemployment in South West, Nigeria.                                     153

5.5       Challenges of Entrepreneurship Policy in Addressing Unemployment             Problems in Nigeria                                                                    154

CHAPTER SIX: SUMMARY, CONCLUSION AND RECOMMENDATIONS

6.1       Summary                                                                                        159

6.2       Conclusion                                                                                  161

6.3       Recommendations                                                                              161

6.4       Suggestions for Further Studies                                                    164

6.5       Contributions to Knowledge                                                  164

6.6       Limitation of the Study                                                     165       

    References                                                                                       166

Appendices                                                                                          188

LIST OF TABLES

Table                                                                                      Page

3.1       The composition of the Bank of Industry’s MSMEs on borrowing

relationship with BOI in Lagos Zone, South West, Nigeria.   42

3.2       The composition of the Bank of Industry’s MSMEs on borrowing relationship in the 3 states selected as a case study.            44

4.1       Gender distribution of the respondents (Bank of Industry)       48

4.2       Educational Qualifications of the Respondents (Bank of Industry)                          49

4.3       Categories of Respondents’ Enterprises (Bank of Industry)     49

4.4       Years Respondents accessed loans from the Bank of Industry                                 50

4.5       Employment Generated by Respondents after obtaining loans from

Bank of Industry                                                                  51

4.6       Respondents Attendance of Entrepreneurship Empowerment Programme (Capacity Building) (Bank of Industry)                                                                     52

4.7       Gender Distribution of the Respondents (SMEDAN)                         52

4.8       Educational Qualifications of the Respondents (SMEDAN)                                     53

4.9       Reasons for attending SMEDAN Capacity Building        54

4.10     Categories of Respondents’ Enterprises (SMEDAN)                           55

4.11     When Respondents received Capacity Building from SMEDAN                             55

4.12     Relevance of Respondents’ Business Ideas to Capacity Building received from SMEDAN                                                                       56

4.13     Correlation of capacity building received to the Respondents post-training type of Business                                                         56

4.14     Employment generated by Respondents after SMEDAN Capacity Building                        57

4.15     Respondents access to loan after attending SMEDAN’s Capacity Building              58

4.16     Descriptive analysis of the effects of government agencies on employment generation in South West Nigeria                        59

4.17     Contributions of National Directorate of Employment (NDE) to entrepreneurship development and employment generation in South Nigeria (Bank of Industry)                                                     60

4.18     Contributions of National Directorate of Employment (NDE) to entrepreneurship development and employment generation in South West Nigeria (SMEDAN)                                                                                             61

4.19     Contributions of Entrepreneurship Development Centers (EDC) to employment generation in South West Nigerian (Bank of Industry)                           62

4.20     Contributions of Entrepreneurship Development Centres (EDC) to employment generation in South West Nigerian (SMEDAN)                                      63

4.21     Contributions of the Bank of Industry to employment generation in South West Nigeria.                                                                  64

4.22     Contributions of SMEDAN to employment generation in South West Nigeria (SMEDAN)                                                                                                                          65

4.23     Contributions of NEDEP to employment generation in South West Nigeria (Bank of Industry)                                           66

4.24     Contributions of NEDEP to employment generation in South West the Nigeria (SMEDAN)                                                                          67

4.25     Contributions of YOUWIN to employment generation in South West Nigeria (Bank of Industry)                                                 68

4.26     Contributions of YOUWIN to employment generation in South West Nigeria (SMEDAN)                                                                                   69

4.27     Contributions of SMEDAN to employment generation in South West Nigeria (Bank of Industry)                                       70

4.28     Contributions of SMEDAN to employment generation in South West Nigeria (SMEDAN)                                                                         71

4.29     Formulation of government Policies that affect entrepreneurship development in South West Nigeria (Bank of Industry)                            72

4.30     Effectiveness of Policy on Entrepreneurship to reduce Unemployment in South West Nigeria (Bank of Industry)                         73

4.31     Favorability of government entrepreneurship Policies on MSMEs in South West Nigeria (Bank of Industry)                                               74

4.32     Impact of entrepreneurship development on employment generation in South   West Nigeria (Bank of Industry)                                             75

 4.33      TTest for the Difference in Means for BOI & SMEDAN            76

  4.34        Reliability Test on the variables                                                       77

4.35     Effects of Insecurity of lives and properties to entrepreneurship development on employment generation in South West Nigeria (Bank of Industry)                                  78

4.36     Effects of Insecurity of lives and properties to entrepreneurship development on employment generation in South West Nigeria (SMEDAN)                                            80

4.37     Effects of Inconsistency of government policies on MSMEs in South West Nigeria (Bank of Industry)                                               81

4.38     Effects of Inconsistency of government policies on MSMEs in South West Nigeria (SMEDAN)                                                            82

4.39     Effects of lack of electricity on MSMEs in South West Nigeria (Bank of Industry)                                                                                                      83

4.40     Effects of lack of electricity on MSMEs in South West Nigeria (SMEDAN)           84

4.41     Effects of inaccessibility to finance on MSMEs in South West Nigeria

(Bank of Industry)                                                          85

4.42     Effect of inaccessibility to finance on MSMEs in South West Nigeria

(SMEDAN)                                                                                                                86

4.43     Effect of multiple taxation on MSMEs in South West Nigeria (Bank of Industry)  86

4.44     Effect of multiple taxation on MSMEs in South West Nigeria (SMEDAN)             87

4.45     Effect of corruption on MSMEs in South West Nigeria (Bank of Industry)             88

4.46     Effect of corruption on MSMEs in South West Nigeria (SMEDAN)                       89

4.47     Effect of high cost of doing business on the growth of MSMEs in South     West Nigeria (Bank of Industry)                                90

4.48     Effect of high cost of doing business on the growth of MSMEs in South West Nigeria (SMEDAN)                                                                     91

4.49     Effect of poor information dissemination on the growth of MSMEs in South West Nigeria (Bank of Industry)                                                  92

4.50     Effect of poor information dissemination on the growth of MSMEs in South West Nigeria (SMEDAN)                                                                             93

4.51     Relevance of the Nigerian educational system on entrepreneurship development in South West Nigeria (Bank of Industry)                         94

4.52     Relevance of the Nigerian educational system on Entrepreneurship Development in South West Nigeria (SMEDAN)                               95

4.53     Government inclusion of entrepreneurship education in the curricular of education sector in South West Nigeria (Bank of Industry)                                          96

4.54     Government to enforce entrepreneurship education from secondary school level  in South West Nigeria (Bank of Industry)                                                                    97

4.55     Government to enforce entrepreneurship education from secondary school level  in South West Nigeria (SMEDAN)                                                                               98

4.56     Entrepreneurship education should be made a compulsory course in all tertiary institutions in South West Nigeria (Bank of Industry)                                             99

4.57     Entrepreneurship education should be made a compulsory course in all tertiary institutions in South West Nigeria (SMEDAN)              100

4.58     Making Nigerian educational system more responsive to the industrial needs of  South West Nigeria (Bank of Industry)             101

4.59     Making Nigerian educational system more responsive to the industrial needs of the South West Nigeria (SMEDAN)                                                                             102

4.60     Effect of form and quality of Nigerian educational system on high rate of  unemployment in South West Nigeria (SMEDAN)                                                     103

4.61     Relevance of capacity building on entrepreneurship development in South West  Nigeria (SMEDAN)                                                           104

4.62     Ability to be employed people in South West Nigeria depends on entrepreneurship skill received (SMEDAN)                                                         105

4.63     Relevance of the capacity building received from SMEDAN to the

entrepreneurship skill required by MSMEs in South West Nigeria (SMEDAN)          106

4.64     Relevance of capacity building received from SMEDAN to job seekers in South West Nigeria (SMEDAN)                                                  107

4.65     Government to organize awareness campaign on existing business development services in South West Nigeria (SMEDAN)                108

4.66   The relevance of the contents of SMEDAN capacity building for MSMEs in South West Nigeria (SMEDAN)          108                       

4.67     Organization of frequent trainings to encourage entrepreneurship development and job creations in South West Nigeria (SMEDAN)                                                   109

4.68     Development of a database of entrepreneurs that qualify for venture capital investments in South West Nigeria (SMEDAN)                       110

4.69     Government to maintain statistics of prospective graduates entering the labour market every year for proper planning in South West Nigeria (SMEDAN)       111

4.70     Regression result for hypothesis one         112                                                                         

 4.71     ANOVA result for hypothesis one                                                 113          4.72    Result of hypothesis on Bank of Industry’s effect on employment generation in South West Nigeria                                                                   114

4.73      Pearson Test Statistics Result                                             115

4.74     Result of Hypothesis tested on the effect   of SMEDAN in addressing

Unemployment in South West, Nigeria                                             118

4.75     Pearson Test Statistics Result                                                       119

4.76     Results of regression analysis on administration of entrepreneurship

policy on unemployment in South West, Nigeria from the study of BOI                   120

4.77     ANOVA result                                           121                        

4.78     Model summary of the regression analysis on the hypothesis tested on those that    received capacity building from SMEDAN                                                               122

4.79     ANOVA result                                                                               123

4.80     Result of Hypothesis tested on significant effect of education on entrepreneurship     development from the study of  BOI                                                                          124                                      

4.81       Pearson Test Statistics Result                     125

4.82          Results of Hypothesis test on effect of entrepreneurship education on unemployment in South West, Nigeria from the study of SMEDAN (Cross tabulation)                                                                                                        127

4.83     Pearson Test Statistics Result                                                           128

4.84   Results of hypothesis test on the effect of BOI and SMEDAN on unemployment 

   4.85     Model summary                                                                          129

4.86     ANOVA result of regression                                                       129

4.87     Data of jobs created by Bank of Industry from 2004 to 2014    134

4.88     Data of total jobs created by SMEDAN from 2004 to 2014       137

LIST OF FIGURES

Figure                                                                                                  Page

1      Research (Conceptual) Framework      11                                            

2      Concept of Public Policy                                                              15        

                            


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