Journal of Emerging Trends in Economics and Management Sciences: Home

Abstract:
The main objective of this paper is to examine how entrepreneurship development leads to economic growth of third world Nations using Nigeria as a case study. In realization of this objective, questionnaires were designed and administered among eighty entrepreneurs randomly selected in Edo North, Edo Central and Edo South senatorial district of Edo state in Nigeria. The questionnaires were used to elicit information on entrepreneurship and employment generation and stimulation of growth using chi-square for the analysis. The result indicates that entrepreneurship contributes significantly to employment generation and stimulates growth in the economy. The implication of the study shows that entrepreneurship development invariably leads to job creation which consequently leads to economic development. Therefore, Nigerian should exploit the various economic opportunities in the economy to their advantage and the government and other institutions should also channel their effort towards the meaningful development of entrepreneurship practices.

Keywords: entrepreneurship, entrepreneur, development, economy, entrepreneurship development

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