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ENTERPRENEURAL DEVELOPMENT AND GROWTH OF SMALL SCALE INDUSTRIES IN LAGOS STATE: A STUDY OF SELECTED SMALL SCALE ENTERPRISES

ABSTRACT

Entrepreneurship and small business development programs has become a relatively new and important research subject globally. Many development scholars and professionals believe supporting small businesses within low income communities is a plausible development strategy to combat poverty. The importance of entrepreneurship as an input process of material development is becoming widely recognized with the growing emphasis on the role of small-scale industries in view of their contribution to employment generation, rural development and general economic growth (Eze, 1999). Entrepreneurial development is a programme through which the abilities and skills of human resources are created, and improved. It instills and preserves as climate in an economy where creativity and productivity of persons are enhanced and values added to other factors of production. Entrepreneurial development cannot be meaningful without the establishment of small-scale industries. The acceleration of a small-scale business programme through policies, and sound institutional support are necessary to identify, motivate and strengthen the entrepreneur. Entrepreneurship is too important a subject to not to be discussed by its nature it is interdisciplinary and ultimately must be practical as well as theoretical. This study sets out to establish how important the development of entrepreneurship and effects it should have in the growth of small business enterprises.

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