TRENDS IN THE DEVELOPMENT OF INNOVATIVE ENTREPRENEURSHIP IN THE WORLD COMPARABLE WITH NIGERIA
( Pp. 38-41)

More about authors
Ofem Lekam Ujong aspirant kafedry inzhenernogo biznesa i upravleniya predpriyatiem
Peoples’ Friendship University of Russia
For read the full article, please, register or log in
Abstract:
Nigeria is classified as a mixed economy emerging market, and has already reached lower middle income status according to the World Bank with its abundant supply of natural resources, well-developed financial, legal, communications, transport sectors and stock exchange (the Nigerian Stock Exchange), which is the second largest in Africa. In 2014, Nigeria's economy (GDP) became the largest in Africa, worth more than $500 billion, and overtook South Africa to become the world's 21st largest economy. (World Economic Outlook Database, October 2014) Furthermore, the debt-to-GDP ratio is only 11 percent (8 percent below the 2012 ratio). Despite this glaring facts, there is a major gap in the industrial development process of Nigeria in the past till date. The neglect by the government of Nigeria to embark on innovation in the industrial sector is a major concern of this paper.
How to Cite:
Ofem L.U., (2015), TRENDS IN THE DEVELOPMENT OF INNOVATIVE ENTREPRENEURSHIP IN THE WORLD COMPARABLE WITH NIGERIA. Computational Nanotechnology, 2 => 38-41.
Reference list:
http://www.bankpedia.org/index.php/en/126-english/s/23362-small-and-medium-sized-enterprises-smes
Banji Oyelaran-Oyeyinka, B. (2012): SMEs: Issues, Challenges and Prospects . International Conference on Financial Systems Strategy 2020. United Nations, in Accessed 12/09/2012.
http://ec.europa.eu/enterprise/policies/sme /facts-figures-analysis/performance-review/files/ supporting-documents/2014/annual-report-smes-2014 en.pdf
Kalchetty Eresi 2008. Management of Finance in Small Scale Industry. Allahabad: Vohra publishes and Distributions.
Lawal, W. A., and Ijaiya, M. A. (2007): Small and Medium Scale Enterprises Access to Commercial Banks Credits and their Contributions to GDP in Nigeria . Asian Economic Review, Journal of the Indian Institute of Economics. Vol. 49(3), pp. 360-368
http://www.worldbank.org/en/country/nigeria
Keywords:
innovation, research and development, entrepreneurship, economy, business.


Related Articles

13. ECONOMICS AND NATIONAL ECONOMY MANAGEMENT, MARKETING, MANAGEMENT Pages: 170-173 Issue №2490
Problems of a strategic choice and competitiveness of the Russian economy
competitiveness entrepreneurship efficiency regulation investment climate
Show more
11. INNOVATION AND INVESTMENT MANAGEMENT Pages: 162-167 Issue №2928
Where we can seek the foundation of innovations: the interconnect between the innovation area and the sistem of management
control system innovation innovative environment innovation potential
Show more
8. PRIVATE LAW (CIVIL) DISCIPLINES @@CIVIL LAW, BUSINESS LAW; FAMILY LAW, INTERNATIONAL PRIVATE LAW (12.00.03) Pages: 223-228 Issue №19269
The Concept of «Income», its Content and Correlation with Concepts as «Benefit», «Everything Received Under the Transaction», «Enrichment», «Profit», «Economy» (Civil Law Aspect)
income benefit everything received under a transaction enrichment profit
Show more
13. ECONOMICS AND NATIONAL ECONOMY MANAGEMENT, MARKETING, MANAGEMENT Pages: 176-179 Issue №2490
The concept of management of production development in the conditions of uncertainty and risk
risk uncertainty innovation
Show more
16. NATIONAL HISTORY Pages: 181-185 Issue №9479
MORDOVIA COUNCIL OF NATIONAL ECONOMY: CATCHING UP MODERNIZATION» OF THE ENTERPRISES of LIGHT INDUSTRY (1957-1962 GG.)
economic Council modernization Legprom ITR competition
Show more
11. INNOVATION AND INVESTMENT MANAGEMENT Pages: 174-176 Issue №2768
Objectively caused dependence of innovative development of the industry on system of economic conditions and preconditions
innovation industry background condition
Show more
13. Corporate law; Energy law Pages: 181-183 Issue №11645
INSURANCE PROBLEMS OF DIRECTORS OF CORPORATIONS RESPONSIBILITY
right civil law insurance liability insurance Corporation
Show more
14. INNOVATION AND INVESTMENT MANAGEMENT Pages: 157-162 Issue №5518
THE ROLE OF MODELING IN THE MANAGEMENT OF COMPETITIVE AND SUSTAINABLE DEVELOPMENT OF INNOVATIVE BUSINESS STRUCTURES
modeling management competitiveness the development of a competitive sustainable development
Show more
11. Criminal law and criminology; Criminal enforcement law Pages: 175-178 Issue №3758
Change of public danger and consequences of crimes in the economy sphere
economy damage danger to the public the cost character
Show more
17. Judicial, prosecutorial, human rights and law enforcement activities Pages: 219-221 Issue №11740
ON THE ISSUE OF DEFINING THE CONCEPT OF THE LEGAL STATUS OF THE PROSECUTOR'S OFFICE
the Prosecutor's office legal status the principle of unity research and development public authorities
Show more