Effect of Entrepreneurship policies on industrialization in Selected states in South-East, Nigeria

Abstract

Nigeria is the most populous country in Africa and enormously endowed with huge mineral resources which if properly harnessed can transform the country to one of the most economically developed countries in the world. However, the formulation and implementation of development policies by successive governments in Nigeria, had not resulted in the industrialization of the country and attainment of economic development. Descriptive and inferential statistics were employed in analysis of data. The study found that entrepreneurship policies F(1, 133)=2.003, Adj.R² = .007, P>0.05 have no significant effect on industrialization in Abia state. It also reveals that entrepreneurship policies F(1, 120)=.082, Adj. R²=-.008, P>0.05 have no significant effect on industrialization in Imo state. However, entrepreneurship policies F(1, 140)=30.062, Adj. R² =.172, P<0.05 was found to have significant effect on industrialization in Anambra state. The study recommends among others that effective implementation and constant monitoring entrepreneurship to ensure attainment of industrialization.

Keywords: Entrepreneurship policies, economic development, industrialization, SMEs

DOI: 10.7176/JPID/52-06

Publication date: January 31^st 2020