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THE IMPACT OF FOREIGN CAPITAL IN ENTERPRENEURSHIP DEVELOPMENT IN NIGERIA

(A CASE STUDY OF IMO STATE)

 

ABSTRACT

The purpose of this study is to determine the impact of foreign capital in entrepreneurship development in Nigeria. To do this, data were collected through questionnaires and literature review.

                                

The data were presented in table as frequency distribution and analysed with frequencies and percentage.

Having analysed the data, the following are the major findings

1. Multilateral organization, foreign government and private  investors provide foreign capital for entrepreneurship development in Nigeria
2. .iiForeign capital increase loanable funds for Nigeria entrepreneurs, provides funds for importation of foreign machinery and equipment as well as for entrepreneurship training in management.
3. Nigeria entrepreneurship can also arise foreign capital from international capital markets while multinational companies indirectly finance entrepreneurship development in Nigeria.

 

LIST OF TABLES

1. Administration of Questionnaires.
2. Sex Distribution of Respondents
3. Age Distribution of Respondents
4. Marital Distribution of Respondents
5. Educational Distribution of Respondents
6. Organizational Distribution of Respondents
7. Responses to provision of funds for entrepreneurial development
8. Types of Entrepreneurial venture funded
9. Nature of Entrepreneurial activities
10. Source of Loanable funds
11. Responses to access to foreign capital
12. Source of foreign capital
13. Reponses to contribution of foreign capital to entrepreneurship development.
14. The role of foreign capital in Entrepreneurship development in Nigeria
15. Responses to foreign private investment and promotion of entrepreneurship development
16. Reponses to Nigeria entrepreneurs and fund raising from international capital  market
17. Multinational companies and provision of foreign capital for entrepreneurship development.

 

TABLE OF CONTENTS

CHAPTER ONE-- INTRODUCTION …………………………………

1. BACKGROUND OF THE STUDY……………………………….
2. STATEMENT OF PROBLEM…………………………………….
3. PURPOSE OF THE STUDY………………………………………
4. SCOPE OF THE STUDY………………………………………….
5. RESEARCH QUESTIONS…………………………………………
6. RESEARCH HYPOTHESIS……………………………………….
7. SIGNIFICANCE OF THE STUDY…………………………………
8. LIMITATION OF THE STUDY……………………………………
9. DEFINITION OF TERMS………………………………………….

REFERNCES………………………………………………….………….

 

CHAPTER TWO-- REVIEW OF RELATED LITERATURE……………………………..

1. REVIEW OF RELATED LITERATURE. ………………………
2. NATURE OF ENTREPRENEURSHIP DEVELOPMENT IN

IMO STATE………………………………………………….

1. INSTITUTIONAL ARRANGEMENT FOR ENHANCING ENTREPRENEURSHIP DEVELOPMENT  IN NIGERIA. ……
2. CHALLENGES OF ENTREPRENEURSHIP DEVELOPMENT

IN NIGERIA……………………………………………………..

1. INTERNATIONAL ORGANISATION AND ENTREPRENEURSHIP DEVELOPMENT……………………..
2. THE ROLE FOREIGN CAPITAL IN ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA. ……………………………..

REFERENCES. ………………………………………………………

 

CHAPTER THREE - RESEARCH DESIGN AND METHDOLOGY…………………………..

1.      RESEARCH DESIGN …………………………………….

3.2              AREA OF THE STUDY ………………………………….

3.3     POPULATION OF THE STUDY………………………….

3.4     SAMPLE AND SAMPLING PROCEDURES AND      TECHNIQUIES……………………………………………

3.5     INSTRUMENT OF DATA COLLECTION……………….

3.6     VALIDATION OF THE INSTRUMENT…………….……

3.7     RELIABILITY OF THE INSTRUMENT…………….……

3.8     METHOD OF DATA COLLECTION…………….……….

3.9     METHOD OF DATA ANALYSIS……………….…………

          REFERENCES……………..…………………………………………

 

CHAPTER FOUR----DATA PRESENTATION AND ANALYSIS………………………….

1. PRESENTATION AND ANALYSIS OF DATA………
2. TESTING OF HYPOTHESIS…………………………..
3. SUMMARY OF RESULTS…………………………….

REFERENCE…………………………………………………

 

CHAPTER FIVE-----DISCUSSION RECOMMENDATION AND CONCLUSION……….………

1. DISCUSSION OF RESULT AND FINDING…………..
2. CONCLUSION …………………………………………
3. IMPLICATION …………………………………………
4. RECOMMENDATION………………………………….
5. SUGGESTION FOR FURTHER RESEARCH …………

REFERENCES…………………………………………………

              BIBLIOGRAPHY………………………………………………

              APPENDIX  I………………………………………………….

              APPENDIX  II…………………………………………………

 

 

 

CHAPTER ONE

INTRODUCTION

 In this chapter the research introduced the topic role of foreign capital in Entrepreneurship development in Nigeria (A case study of Imo state. The chapter is broken down into sub – headings. Background of the study, statement of problem, purpose of the study, scope of the study, research questions, research hypothesis, significant of the study. Definition of terms and references.

The sub – heading are discussed below.

 

1. BACK GROUND OF THE STUDY

The current emphasis on entrepreneurship development is informed by the protracted economic downtown which has not only retarded economic growth but aggravated unemployment situation in the country (Ugbaja,2001:22) Hitherto, everyone looked into the government as the provider of employment opportunities. Many Nigeria did not think of self determination as an alternative to government  employment. But the worsening unemployment situation currently  playing the country has changed this thinking, short of alternatives, many graduates and school leavers as well as other Nigeria are now moving in quest of self  determination by launching themselves into various business venture (Eze, 1997:34).

 

In recognition of the need of foreign capital to enhance entrepreneurship development in Nigeria, the federal government has introduced has introduced a series of policy padages that are designed to attract foreign investment in the Nigeria small and medium enterprises sub – sector. In an attempt to diversify the economy and stimulate foreign private enterprise development government agencies and private institutions are liaising with international with international organization to enhance the letters participation in different  entrepreneurship development activities in Nigeria (Onyishi, 2001.19). there are international organization such as the international labour organization involved in promoting small business and entrepreneurship in different part of the world (Afolabi,2001:22). In addition to providing foreign capital these international organizational  also provide technical assistance for these African countries. It is against this back ground that this study is set to examine the role of foreign capital in entrepreneurship development in Nigeria.

 

1.2              STATEMNET OF PROBLEMS      

Entrepreneurship development at providing self – employment opportunities for millions of unemployed Nigeria. However, this has not been effectively achieved in Nigeria because of the following.

1. Inadequate financing from local financial institution.
2. The lad of foreign investment in the economy is low and cannot adequately provide foreign capital to supplement the available domestic capital  for entrepreneurship development.
3. The present of international organization through which foreign capital can be channeled into the economy is low. All these constrain the repid growth of entrepreneurship development in Nigeria.

 

1.3                                           PURPOSE OF THE STUDY

    The purpose of the study are:

1. To examine the nature of entrepreneurship development in Imo state
2. To examine the institutional arrangements development for entrepreneurship development.
3. To determine the role of foreign capital   in entrepreneurship development
4. To determine the extent of foreigners participation in entrepreneurship activities
5.     To examine the challenges of entrepreneurship development in Imo state