Entrepreneurship Development Model for the Backward Economies: Nigeria in Focus. A Hypothetico-Deductive Approach

Abstract

Economic backwardness relates to poor entrepreneurship development (ED). Thus, this study develops
model framework for ED specifically, to economically backward nations, like Nigeria. The study adopts
hypothetico-deductive approach. It is found out that ED is never accidental and for attainment, it requires
distinct composite efforts of government institution and individual citizens. Weakness of one renders the
quest for ED futile. The government effort necessary for ED involves uncompromising security adequacy,
infrastructural development, equitable opportunity distribution and impartial legal system. On the part of
individual citizens, knowledge and character are inevitable. Therefore, the study recommends government
at all costs to provide adequate security for people’s lives and properties; revive the KEY infrastructural
sector like education, transport systems and electricity, through proper budget and monitoring; foster
distributive justice by enhancement of opportunity sets, reduction of barriers to equalities via the redesign of
redistribution mechanisms for increased opportunity equality, like the promotion of inclusive policy and
impartial legal system. On the part of the individual citizens, they should aspire to develop the competencies
and attitudes essential for ED, through knowledge acquisition and character building, respectively.
Knowledge can be acquired and character built through constant readings, observations, listening, asking
and sharing (ROLAS).