ENTREPRENEURSHIP: A SINE QUA NON TO THE CURRENT ECONOMIC MELTDOWN IN NIGERIA

Akpan Nsini Asuquo

Abstract


The biting effect of the global economic meltdown on the Nigerian economy and its implications on employment has been very devastating. From the banking sector to the manufacturing, oil and gas, and the informal sectors, none is insulated from the problem. Most companies trying to find a way out, or around the logjam, have tried outright retrenchment, downsizing, rightsizing, outsourcing etc. New statements and jargons have set in due to the state of poverty and helplessness. The jargons such as recession, depression and now “meltdown” have been deployed to fully describe the extent and the nature of existing state of poverty. This paper therefore looked into how the present problem of economic meltdown in Nigeria can be overcome with the help of entrepreneurship education seeing that entrepreneurship has been labeled an engine for economic growth.

Keywords: Entrepreneurship, Economic Meltdown


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References


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