Entrepreneurship, Growth Drivers, and Economic Development: The Roles of Small-Medium Enterprises (SMEs) in Sustainable Development in Nigeria

Entrepreneurship development is often regarded as a key driver of economic growth and long-term development in any given economy. This research examined the influence of entrepreneurship development on the Nigerian economy, as well as how to implement particular principles and get the greatest results for long-term growth. The results show that entrepreneurship makes a significant contribution to job creation and economic growth. The study found that entrepreneurial development inevitably results in employment creation, which leads to economic development. As a result, Nigerians should take advantage of the many economic possibilities available to them; likewise, the government and other institutions should focus their efforts on the purposeful growth of entrepreneurship.

Authors

Publication Details

Journal
International Journal of Research and Innovation in Social Science
Published
2025-01-01
DOI
https://doi.org/10.47772/ijriss.2025.905000504
Primary Topic
Economic Growth and Development
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Entrepreneurship, Growth Drivers, and Economic Development: The Roles of Small-Medium Enterprises (SMEs) in Sustainable Development in Nigeria

Ayodeji B. Owoeye
International Journal of Research and Innovation in Social Science
Economic Growth and Development
article

Entrepreneurship, Growth Drivers, and Economic Development: The Roles of Small-Medium Enterprises (SMEs) in Sustainable Development in Nigeria

Ayodeji B. Owoeye
article en

Abstract

Entrepreneurship development is often regarded as a key driver of economic growth and long-term development in any given economy. This research examined the influence of entrepreneurship development on the Nigerian economy, as well as how to implement particular principles and get the greatest results for long-term growth. The results show that entrepreneurship makes a significant contribution to job creation and economic growth. The study found that entrepreneurial development inevitably results in employment creation, which leads to economic development. As a result, Nigerians should take advantage of the many economic possibilities available to them; likewise, the government and other institutions should focus their efforts on the purposeful growth of entrepreneurship.

International Journal of Research and Innovation in Social ScienceVol. IX(V)
Openalex Percentile: Top 79%
Economic Growth and Development
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.