PUBLIC POLICIES ON ENTREPRENEURSHIPS: THE IMPLICATION FOR POVERTY REDUCTION: A QUALITATIVE APPROACH (original) (raw)

The identification of entrepreneurship as a veritable tool for poverty reduction in developing countries has accelerated economic growth and development. This study applied qualitative research design and collected data from fifteen informants; we analyze the data using Nvivo software and assess entrepreneurship public policies on the paucity of resources. The cardinal objectives of our study are to identify entrepreneurship potentials to moderate multidimensional economic challenges such as poverty, youth unemployment and suggest laudable strategies to policy makers in the Nigeria context. Findings from the study revealed that policy thrust, capacity building and provision of capital resources was discovered in concrete terms to revamp the illness of small and medium scale enterprises. We equally found that strengthening government commissions, agencies and directorates will unlock the multifarious challenges confronting entrepreneurship culture to lessen poverty. Finally, this paper passionately recommended for establishment of cooperatives, proven financial policies, expanding SMEs projects to the local governments, legislations and vigorous political will. Future research direction suggested for a quantitative research approach from the beneficiaries and participants of poverty alleviation programs in the study area.

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