Industrialization as a Tool for Entrepreneurship Development in Nigeria

Abstract

The study examines the impact of industrialization on entrepreneurship development in Nigeria using Nigeria as a reference point by covering only North Central of Nigeria. The study used the survey research designs as well as the structured and applied regression model on variables such as improved productive input and entrepreneurship development. Findings of the study revealed that there is significant relationship between industrialization in form of improved productive input and entrepreneurship development using SMEs in North Central Zone, Nigeria. This implies that industrialization in the form of improved productive input contributes significantly to entrepreneurship development in North Central Nigeria among SMEs owners. The study recommends that North Central, Nigeria should start to embrace entrepreneurship and practices of innovation; risk taking, creativity and financing should be properly encouraged to ensure industrialization in terms of improved input. Government should re-strategize to ensure that every member of the society is productive by providing them with productive inputs as well as encourage domestic consumption and use of made-in-Nigeria good. Entrepreneurship development should be encouraged in North Central, Nigeria to bring effective productive input.