The Place of Entrepreneurship in National Development

In recent times, the fortune of entrepreneurs and SMEs has attracted the attention of government worldwide and consequently, has generated enormous interest and research especially in developing countries like Nigeria. The importance of entrepreneurship cannot be overemphasized as they constitute a whole virile vehicle for the generation job creation, thus reducing unemployment and poverty. They also act as catalysts for restructuring and diversifying the productive base of an economy and for the industrial and economic takeoff and growth of such an economy. This paper considers the various roles entrepreneurship plays in bringing about sustainable development. For this to be achieved, this paper recommends that several educational programmes and financial policies have to be developed in order to boost entrepreneurship while simultaneously forming economic policies that create an environment sufficiently attractive for investment technology transfer to begin taking place.