What are the roles of enterpreneurs in Nigerian economy?

Answer 1

The entrepreneurship economy in Nigeria is a large

part of its development strategy.

Oil

As Nigeria has an economy built on the trade of oil,

the entrepreneurship economy has now become a

part of the economy that the country is looking to

develop to therefore increase its wealth. This is

because the price that Nigeria sells its oil can not

compete with the prices from places in the middle

east and the country does not have the greatest

international relationships.

Growth

As the country's economy continues to grow, the

entrepreneurship economy has become stronger.

Making big money from the smaller industries and

changing the face of industry in Nigeria is one of its

main tasks. It is done by creating other opportunities

that can help to develop the country so that the

model is sustainable without oil. This dependence on

Natural Resources does not help the economy boom

and creating industry that does is vital.

International relations

International relations have been poor in Nigeria.

These are now getting better and there are many

more countries across the globe that are willing to

trade with Nigeria than there were a decade or so

ago. This has started to boost the economy but with

no major shift in industry, oil has let the economy

down more than international relations.

Mechanics

There are many universities in Nigeria that specialize

in mechanics. One of the major industries in the

entrepreneurship economy is mechanics. This helps

to develop the country as there are roles for unskilled

workers as well as scientists, mathematicians and

entrepreneurs.

This rise in mechanics has seen many students from

Nigeria study in different parts of the world for their

mechanical engineering qualifications and also, more

recently, people from western countries studying in

Nigeria. This is because it costs less and the courses

that can be taken are at the same standard as those

in the USA and Europe.

Answer 2

enterpreneurs are very important in developing Nigerian economy.some of their roles are

1.they identify the consumers needs and wants and do everything possible to satisfy them.